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  • Eloro (ELO) will acquire the Mina Casiterita and Mina Hoyada properties next to its Iska Iska Project in Bolivia
  • The properties collectively cover 14.75 km2 southwest and west of Iska Iska
  • Following the acquisition, the total land package in the Iska Iska area to be controlled by Eloro will total 1,935 quadrants covering 483.75 km2
  • Bill Pearson, Executive VP of Exploration, spoke with Sabrina Cuthbert about the news
  • Eloro Resources (ELO) opened trading at C$2.98

Eloro (ELO) will acquire the Mina Casiterita and Mina Hoyada properties next to its Iska Iska Project in Bolivia.

The properties collectively cover 14.75 km2 southwest and west of Iska Iska. Following the acquisition, the total land package in the Iska Iska area to be controlled by Eloro will total 1,935 quadrants covering 483.75 km2.

Drilling is planned on Mina Casiterita in Q1 2023, with geological mapping, sampling, and geophysical surveys now in progress on the full land package across the Iska Iska region.

Bill Pearson, Executive VP of Exploration, spoke with Sabrina Cuthbert about the news.

Previously channel sampling returned 103 metres grading 521 g Ag eq/t (including 117g Ag/t, 1.44 g Au/t, 0.54 per cent Cu and 0.66 per cent tin (Sn)) in altered basement sediments, located near the northeast part of the magnetic anomaly.

Recent magnetic surveys by the company outlined an extensive, near-surface, magnetic intrusive body on the Mina Casiterita property immediately southwest of Iska Iska. This intrusive hosts the previously mined high-grade tin veins. The team believes it is very likely the continuation of the porphyry tin intrusion is projected to be below the epithermal Ag-Sn-Zn-Pb mineralization at Iska Iska.

Artisanal mining in the 1960s identified high-grade Sn veins on the Mina Casiterita property that are hosted in an intrusive dacite. The Departamento Nacional de Geolog√≠a reports production from 1962 to 1964 in Bolivia to be 69.85 tonnes grading 50.60 per cent Sn.

Bill Pearson, Executive VP of Exploration, spoke with Sabrina Cuthbert about the results.

Eloro Resources Ltd. (ELO) is an exploration and mine development company with a portfolio of gold and base-metal properties in Bolivia, Peru, and Quebec.

Eloro Resources (ELO) opened trading at C$2.98.


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