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Be the first with the news that moves the market- Eloro (ELO) has intersected up to 507.64 g/t silver eq. at its Iska Iska Project in Bolivia
- Additional highlights include 204.03 g/t silver eq. over 28.57 m and 186.75 g/t silver eq. over 19.65 m
- Ongoing drilling is testing a major magnetic anomaly and a potential tin porphyry, among other targets
- Eloro Resources is an exploration and mine development company with a portfolio of gold and base-metal properties in Bolivia, Peru and Quebec
- Eloro (ELO) is up by 5.48 per cent trading at $3.85 per share
Eloro (ELO) has intersected up to 507.64 g/t silver eq. at its Iska Iska Project in Bolivia.
The result stems from six diamond drill holes from its ongoing drilling program.
The company drilled hole METSBUG-02 northeast of the Santa Barbara Adit for metallurgical purposes and to complete fill-in drilling.
It returned 172.43 g/t silver eq. (40.16 g/t silver, 0.51 per cent Zn, 0.41 per cent Pb and 0.13 per cent Sn) over 303.05 m, including 507.64 g/t silver eq. over 49.55 m and 196.67 g/t silver eq. over 77.77 m.
The remaining five holes tested the northwest extension in the Santa Barbara Mineral Resource Target Area with 11 assays pending.
Standout yields from these holes include:
- 204.03 g/t silver eq. (27.54 g/t silver, 0.40 per cent Zn, 0.55 per cent Pb and 0.21 per cent Sn) over 28.57 m
- 186.75 g/t silver eq. (14.67 g/t silver, 0.13 g/t gold, 0.27 per cent Zn, 0.17 per cent Cu and 0.19 per cent Sn) over 19.65 m
- 171.55 g/t silver eq. (21.45 g/t silver, 0.54 g/t gold, 0.38 per cent Zn, 0.14 per cent Sn) over 9.01 m
To date, the company has completed 45,117 m over 80 drill holes. Ongoing drilling is testing a major magnetic anomaly and a potential tin porphyry, among other targets.
“This new underground hole is the longest and highest-grade intersection obtained thus far in our diamond drill program. Results from the step-out holes on the NW extension are also very encouraging,” stated Tom Larsen, CEO of Eloro.
“Drilling productivity continues to be very high with more than 4,600 m completed by the three drills since our restart last month,” he added. “We will shortly complete our underground drilling and will exchange this drill for a high-capacity surface rig which will further increase our production.”
Eloro Resources is an exploration and mine development company with a portfolio of gold and base-metal properties in Bolivia, Peru and Quebec.
Eloro (ELO) is up by 5.48 per cent trading at $3.85 per share as of 10:29 am EST.
