Eloro Resources Ltd NEW

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Eloro Resources Intersects 239.72 g Ag eq/t (39.58 g Ag/t, 1.04% Pb, 0.26% Cu and 0.20% Sn) over 82.74m in Southern Part of Santa Barbara Target at Iska Iska Silver-Tin Polymetallic Project, Potosi Department, Bolivia

Source: GlobeNewswire Inc.

Eloro Resources Ltd. (TSX-V: ELO; OTCQX: ELRRF; FSE: P2QM) (“Eloro”, or the “Company”) is pleased to announce further assay results from seven (7) additional diamond drill holes from its on-going drilling program at the Iska Iska silver-tin polymetallic project in the Potosi Department, southern Bolivia. Two (2) of these holes (DSBU-01 and DSBU-02) are underground holes drilled from the Santa Barbara adit. Three (3) of the holes tested the Central Breccia Pipe (“CBP”) target (DCN-06 and DCN-07 from the Central North radial drilling platform and DCS-04 from the south platform). The final two (2) holes reported in this release tested the Porco Breccia Pipe (“PBP”) target.
As previously announced (see press release of January 18, 2022) drilling recommenced on January 17, 2022, with two surface drill rigs and one underground rig. Since the restart, the Company has completed an additional 1,989m of drilling, bringing the overall total to 42,457m in 76 drill holes, including three holes in progress at Iska Iska, as shown in Figure 1. Tables 1, 2 and 3 list significant assay results from each of the major target areas. Note that the prices used for calculating Ag equivalent grades have been updated due to significant increases in Sn, Zn, Pb and Cu prices and a decrease in the Ag price. Table 4 summarizes drill holes with assays pending as of the date of this release. Highlights are as follows:

Underground Holes, Santa Barbara Mineral Resource Target Area

Underground holes DSBU-01, drilled due east at -10 degrees and DSBU-02, drilled due west at -20 degrees both intersected significant mineralization (Figures 1 and 2):

239.72 g Ag eq/t (39.58 g Ag/t, 1.04 %Pb, 0.26 %Cu and 0.20 %Sn) over 82.74m from 0.00 to 82.74m in Hole DSBU-01, including a higher-grade section of 318.15 g Ag eq/t (53.58 g Ag/t, 1.43 % Pb, 0.32 %Cu and 0.27 %Sn) over 51.09m in DSBU-01.

134.47 g Ag eq/t (10.79 g Ag/t, and 0.15 %Sn) over 115.44m from 1.50 to 116.94m in Hole DSBU-02, including a higher-grade section of 160.87 g Ag eq/t (9.65 g Ag/t, 0.21% Cu, and 0.17 %Sn) over 37.55m from 25.50 to 63.05m.

Hole DSBU-02 also had additional intersections of 145.12 g Ag eq/t over 17.53m from 165.00 to 182.53m and 395.12 g Ag eq/t over 18.0m from 300.20 to 318.20.

The promising results from these holes across a well mineralized width of 200+m opens significant possibilities in the southern extension of the Santa Barbara target area where additional drilling is now planned.
Central Breccia Pipe

DCN-06 and DCN-07, which completed the first pass drilling on the northern radial drilling platform testing the CBP, returned 14 and 21 reportable mineralized intervals, respectively, with the best results as follows:

104.05 g Ag eq/t (24.76 g Ag/t and 0.13% Sn) over 39.03m from 150.30m to 189.33m and 226.19 g Ag eq/t (117.03 g Ag/t, 0.40 g Au/t and 0.11% Sn) over 4.47m from 539.40m to 543.78m in DCN-06 drilled due south at -80 degrees.

183.00 g Ag eq/t (133.05 g Ag/t and 0.49 g Au/t) over 8.99m from 132.93m to 141.92m, 539.96 g Ag eq/t (222.00 g Ag/t and 0.41% Sn) over 1.42m from 324.94m to 326.36m and 220.81 g Ag eq/t (9.54 g Ag/t, 0.13 g Au/t, 0.27% Cu and 0.25 % Sn) over 7.50m from 555.94m to 563.44m in DCN-07 drilled due west at -60 degrees.
Porco Breccia Pipe

Surface drill holes DPC-02 and DPC-03 from the radial drill platform at PBP were drilled south-southwest at -40 degrees and southeast at -60 degrees, respectively.

Hole DPC-02 intersected a 3.02m wide zone from 754.83m to 757.85m that graded 409.55 g Ag eq/t (57.92 g Ag/t, 0.22 g Au/t, 0.48% Cu and 0.44 %Sn) which is approximately 340 m below and likely the same mineralized structure as in the Porco adit which returned comparable high-grade results as previously reported (see press release November 17, 2021).

Hole DPC-03 returned 13 reportable intersections including 334.98 g Ag eq/t (46.13 g Ag/t, 4.75% Zn and 1.43% Pb) over 11.98m from 296.05 to 308.03m. This intersection may reflect higher level mineralization associated with the recently identified secondary caldera in the southeast part of the property (see press release January 18, 2022).

Previously reported drill hole DPC-01 had the best results where it clipped the edge of the inverse magnetic susceptibility model while the other five radial drill holes at Porco were too shallow to intersect the model (see press release November 17, 2021). As a result, deeper drill holes, as shown in Figure 1 in both the Porco and Mina 2 areas, are planned to test for the potential source porphyry at depth.

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News!
Eloro Resources Intersects 172.43 g Ag eq/t (40.16 g Ag/t, 0.51% Zn, 0.41% Pb and 0.13% Sn) over 303.05m in Southern Part of Santa Barbara Target at Iska Iska Silver-Tin Polymetallic Project, Potosi Department, Bolivia

Source: GlobeNewswire Inc.

Eloro Resources Ltd. (TSX-V: ELO; OTCQX: ELRRF; FSE: P2QM) (“Eloro”, or the “Company”) is pleased to announce assay results from six (6) additional diamond drill holes from its on-going drilling program at the Iska Iska silver-tin polymetallic project in the Potosi Department, southern Bolivia. Hole METSBUG-02 is an underground hole drilled northeast from the Santa Barbara adit for metallurgical purposes and to complete fill-in drilling. The remaining five (5) holes tested the NW extension in the Santa Barbara Mineral Resource Target Area (DSB-12, -13, -15, -20 and -21) on a series of NE-SW sections as shown in Figure 1.
As previously announced (see Eloro’s press release dated January 18, 2022) drilling recommenced on January 17, 2022, with two surface drill rigs and one underground rig. Since the restart, the Company has completed an additional 4,649m of drilling, for an overall total of 45,117m in 80 drill holes, including three holes in progress as shown in Figure 1. Table 1 lists significant assay results. Prices used for calculating Ag equivalent grades are as outlined in Eloro’s February 1, 2022, press release. Table 2 summarizes drill holes with assays pending. Highlights are as follows:

Underground Metallurgical Hole, Santa Barbara Mineral Resource Target Area

Underground hole METSBUG-02, collared in the Santa Barbara adit and drilled at an azimuth of 40 degrees at -10 degrees dip, intersected significant mineralization (Figure 1 and Table 1) over the full length of the hole:

172.43 g Ag eq/t (40.16 g Ag/t, 0.51% Zn, 0.41% Pb and 0.13% Sn) over 303.05m from 0.00 to 303.05 m including higher-grade sections of 507.64 g Ag eq/t (119.36 g Ag/t, 0.14 g Au/t, 0.57 %Pb and 0.52 %Sn) over 49.55m from 0.0 to 49.55m and 196.67 g Ag eq/t (66.93 g Ag/t, 1.03% Zn, 0.67% Pb and 0.08% Sn) over 77.77m from 180.95m to 258.72m.
This hole was designed to intersect midway across the intersection in Hole DHK-18 which returned 129.65 g Ag eq/t over 300.75m (see press release July 28, 2021; grade is 172.18 g Ag eq/t with updated metal prices) in the mineralized envelope to the east of the Santa Barbara Breccia Pipe.
Sectional Drill Holes NW Extension Santa Barbara Mineral Resource Target Area

Significant results have been returned from the five (5) initial sectional drill holes testing the NW Extension of the Santa Barbara mineralized trend. This area is marked by a prominent magnetic anomaly and is underlain by several dacitic domes, possibly related to a secondary caldera. An additional 11 holes totaling 7,859m have been completed to provide coverage on 100m spaced sections over much of the NW Extension target area as shown in Figure 1. Assay results on these holes are pending. Figure 2 is a section along hole DSB-20. Highlights are as follows:

Hole DSB-20, which is in approximately the centre of the NW Extension target area, intersected 22 reportable intersections with a best result of 129.42 g Ag eq/t (21.79 g Ag/t, 0.27% Zn, 0.36% Pb and 0.12% Sn) over 73.65m from 247.56m to 321.21m including a higher-grade section of 204.03 g Ag eq/t (27.54 g Ag/t, 0.40% Zn, 0.55% Pb and 0.21% Sn) over 28.57m from 267.08m to 295.65m.
Hole DSB-21, on the northwesternmost section, intersected 14 reportable intersections including a high-grade Cu zone grading 152.04 g Ag eq/t (9.48 g Ag/t and 1.02% Cu) over 25.27m from 58.85m to 84.12m and 114.77 g Ag eq/t (40.85 g Ag/t, 0.09 g Au/t, 0.69% Zn and 0.18% Pb) over 16.28m from 163.98m to 180.28m.
Hole DSB-15, 100m southeast of Hole DSB-21, intersected 12 reportable intersections including 112.43 g Ag eq/t (9.98 g Ag/t, 0.10 g Au/t, 0.21% Zn, 0.34% Pb, 0.09% Sn and 0.12% Cd) over 10.53m from 293.70m to 304.23m and 186.75 g Ag eq/t (14.67 g Ag/t, 0.13 g Au/t, 0.27% Zn, 0.17% Cu and 0.19% Sn) over 19.65m from 710.97m to 730.62m.
Hole DSB-12, collared 200m southeast of hole DSB-15 and 100m northwest of hole DSB-20, intersected 20 reportable mineralized intersections of which nine ranged from 10.41m to 24.07m long. Best results were 130.28 g Ag eq/t (92.32 g Ag/t, 0.06% Cu) over 10.41m from 332.64 to 311.90, 129.54 g Ag eq/t (10.19 g Ag/t, 0.22 % Zn, 0.15% Cu, 0.13% Sn) over 18.04m from 487.76m to 505.80m, 116.73 g Ag eq/t (10.18 g Ag/t, 0.12% Cu, 0.10 % Sn and 0.13% Bi) over 24.07m from 594.44m to 618.51m and 164.01 g Ag eq/t (7.80 g Ag/t, 0.11 g Au/t, 0.39% Zn, 0.21% Cu, 0.11% Bi) over 21.05m from 753.50m to 771.49m.
Hole DSB-13, drilled on the same section but shallower than hole DSB-12, intersected 15 reportable mineralized intersections of which the best results were 48.53 g Ag eq/t (5.66 g Ag/t and 0.29% Zn) over 37.58m from 161.71m to 199.29m, 171.55 g Ag eq/t over 9.01m (21.45 g Ag/t, 0.54 g Au/t, 0.38% Zn, 0.14% Sn) from 221.66m to 230.67m, 51.89 g Ag eq/t (3.48 g Ag/t and 0.24% Zn) over 39.13m from 320.57m to 361.18m and 71.71 g Ag eq/t over 8.93m (7.07 g Ag/t, 0.11% Cu and 0.06% Sn) from 601.95m to 610.88m.
Tom Larsen, CEO of Eloro, commented: “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. Turnaround at both the ALS and AHK laboratories continues to improve so we anticipate being able to have a more regular release of results going forward. Drilling productivity continues to be very high with more than 4,600m completed by the three drills since our restart last month. 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 Intersects 171.57 g Ag eq/t (12.04 g Ag/t, 0.29% Zn, 0.22% Pb and 0.22% Sn) over 373.40m in Southern Part of Santa Barbara Target at Iska Iska Silver-Tin Polymetallic Project, Potosi Department, Bolivia

Source: GlobeNewswire Inc.

Eloro Resources Ltd. (TSX-V: ELO; OTCQX: ELRRF; FSE: P2QM) (“Eloro”, or the “Company”) is pleased to announce assay results from an additional diamond drill hole from its on-going drilling program at the Iska Iska silver-tin polymetallic project in the Potosi Department, southern Bolivia. Hole DSBU-03, an underground hole drilled due west from the Santa Barbara adit at -50 degrees, has discovered major new depth extensions of the already large Santa Barbara mineralized zones.
The Company has completed 45,779m in 81 drill holes, including three holes in progress as shown in Figure 1. Table 1 lists significant assay results. Prices used for calculating Ag equivalent grades are as outlined in Eloro’s February 1, 2022, press release. Table 2 summarizes drill holes with assays pending. Highlights are as follows:

Underground Metallurgical Hole, Santa Barbara Mineral Resource Target Area

Underground hole DSBU-03, collared in the Santa Barbara adit and drilled at an azimuth of 270 degrees at -50 degrees dip, intersected significant mineralization including substantial tin suggesting proximity to a major intrusive source (Figures 1, 2 and 3 and Table 1):

171.57 g Ag eq/t (12.04 g Ag/t, 0.29% Zn, 0.22% Pb and 0.22% Sn) over 373.40m from 0.00m to 373.40m Including higher-grade sections of 401.81 g Ag eq/t (31.46 g Ag/t, 0.19 %Pb and 0.61 %Sn) over 28.58m from 192.72m to 221.30m and 261.83 g Ag eq/t (4.91 g Ag/t and 0.43% Sn) over 95.16m from 272.27m to 367.41m.
The first higher-grade interval above includes the highest single Sn grade sample yet encountered at Iska Iska at 4.1% Sn over 1.47m.
Deeper in this hole, an additional major intersection of 197.61 g Ag /t (1.79 g Ag/t and 0.28% Sn) over 60.50m was encountered from 418.80m to 479.30m.
This drill hole intersected the northern tip of an extensive 3D inverse magnetic susceptibility anomaly that extends from the Santa Barbara area southeastwards beneath Porco as shown in Figure 3. The southern part of this anomaly in the Porco area may reflect a deeper porphyry Sn intrusion and will be drill tested shortly.
Tom Larsen, CEO of Eloro, commented: “This new underground hole is the longest and highest-grade intersection obtained thus far in our diamond drill program and further highlights the major potential of the Santa Barbara target area to host significant higher-grade mineral resources, especially with tin. In order to more aggressively drill this major new extension of the Santa Barbara deposit, a third surface diamond drill is being brought onto site bringing the total operating drills to four (3 surface and 1 underground)

Stimmung in der Bude  

Eloro Resources Intersects 182.34g Ag eq/t (29.85g Ag/t, 1.01% Zn, 0.64% Pb, 0.11% Cu and 0.11% Sn) over 351.0m in Southern Part of Santa Barbara Target at Iska Iska Silver-Tin Polymetallic Project, Potosi Department, Bolivia

Source: GlobeNewswire Inc.

Eloro Resources Ltd. (TSX-V: ELO; OTCQX: ELRRF; FSE: P2QM) (“Eloro”, or the “Company”) is pleased to announce assay results from an additional two (2) diamond drill holes from its on-going drilling program at the Iska Iska silver-tin polymetallic project in the Potosi Department, southern Bolivia. Hole METSBUG-01 is an underground hole drilled for metallurgical sampling purposes from the Santa Barbara adit, while step-out hole DSB-25 was drilled approximately 400m northwest of hole METSBUG-01. Both holes intersected major new extensions of the already large Santa Barbara mineralized zone.
The Company has completed 53,445m in 83 drill holes, including three holes in progress, as shown in Figure 1. Table 1 lists significant assay results from holes METSBUG-01 and DSB-25. Prices used for calculating Ag equivalent grades are as outlined in Eloro’s February 1, 2022, press release. Table 2 summarizes drill holes with assays pending. Highlights are as follows:

Santa Barbara Mineral Resource Target Area

Hole METSBUG-01, an underground hole drilled for metallurgical sampling purposes from the Santa Barbara adit, was drilled at azimuth 10 degrees at a dip of -35 degrees to intersect the midpoint of an intercept of 184.97g Ag eq/t (29.53g Ag/t, 0.08g Au/t, 1.45% Zn, 0.59% Pb, 0.08% Cu, 0.056% Sn) over 257.5m in discovery hole DHK-15 (see Eloro’s January 26, 2021 press release; 164.87g Ag eq/t recalculated, up from 129.60 g Ag eq/t, using current metal pricing) to provide a representative sample in the higher-grade mineralized area of the Santa Barbara breccia pipe (Figures 1 and 2 and Table 1).

This hole intersected 182.34g Ag eq/t (29.85g Ag/t, 1.01% Zn, 0.64% Pb, 0.11% Cu and 0.11% Sn) over its full length of 351.0m including higher-grade sections of:

261.14g Ag eq/t (24.65g Ag/t, 0.15% Zn, 0.14% Pb, 0.81% Cu and 0.19% Sn) over 22.56m from 2.94m to 25.50m,
599.26g Ag eq/t (208.14g Ag/t, 0.28% Zn, 0.51% Pb, 0.56% Cu and 0.41% Sn) over 17.60m from 46.66m to 64.26m. This section included a remarkable sample over 1.42m from 55.43m to 56.85m which assayed 5,106g Ag eq/t (1,730g Ag/t, 0.42g Au/t, 2.15% Bi, 6.33% Cu and 3.55% Sn),
324.72g Ag eq/t (12.49g Ag/t, 1.88% Zn, 1.26% Pb, 0.02% Cu and 0.31% Sn) over 30.01m from 92.89m to 122.90m,
292.78g Ag eq/t (55.64g Ag/t, 2.70% Zn, 1.31% Pb, 0.02% Cu and 0.12% Sn) over 31.72m from 241.28m to 273.00m

Eloro Resources Intersects 169.11 g Ag eq/t (64.30 g Ag/t, 0.96% Zn, 0.37% Pb and 0.07% Sn) over 235.55m to further Expand Higher Grade area to the North in the Eastern Part of the Santa Barbara Target at the Iska Iska Silver-Tin Polymetallic Project, Poto

Source: GlobeNewswire Inc.

Eloro Resources Ltd. (TSX-V: ELO; OTCQX: ELRRF; FSE: P2QM) (“Eloro”, or the “Company”) is pleased to announce assay results from an additional six (6) diamond drill holes from its on-going drilling program at the Iska Iska silver-tin polymetallic project in the Potosi Department, southern Bolivia. Holes DSBU-05 and DSBU-06 are underground holes drilled from the Santa Barbara adit to test the northern extension of the higher-grade mineralized zone. Hole DSBS-01 was collared in the southern part of the Santa Barbara target zone and drilled at an azimuth of 300 and dip of -300 to test the same target. Holes DSB-24, DSB-14 and DSB-22 were drilled at azimuths of 2250 to test the northwest extension of the Santa Barbara mineralized zone approximately 100m, 200m, and 1,000m, respectively, northwest of the Santa Barbara adit underground drill bay. Drilling is continuing in the Porco area to test for a potential Sn porphyry as suggested by the 3D inverse magnetic model (see Eloro press release March 1, 2022). Thus far, 4,870 m in five (5) holes have been completed in the Porco target area with assays pending.
Overall, the Company has completed 52,384m in 89 drill holes to-date, including four holes in progress, as shown in Figures 1 and 2. Currently there are three (3) surface drills and one (1) underground drill operating at Iska Iska. Tables 1, 2 and 3 list significant assay results for the drill holes in the major target areas. Prices used for calculating Ag equivalent grades are as outlined in Eloro’s February 1, 2022, press release. Table 4 summarizes drill holes with assays pending. Highlights are as follows:

Santa Barbara Mineral Resource Definition Target Area – Underground Drilling

Underground holes DSBU-06 and DSBU-05 were both drilled on azimuth 00 and dips of -650 and -400, respectively, from the Santa Barbara adit to test the northern extent of higher-grade mineralization in the eastern part of the Santa Barbara target area.

Hole DSBU-06 intersected 169.11 g Ag eq/t (64.30 g Ag/t, 0.96% Zn, 0.37% Pb and 0.07% Sn) over 235.55m from 0.00m to 235.55m, including a higher-grade section of 314.52 g Ag eq/t (192.18 g Ag/t, 0.22 g Au/t, 0.07% Zn, 0.41% Pb, and 0.11% Sn) over 50.68m from 24.40m to 75.08m.
This hole had a second major intersection of 110.57 g Ag eq/t (17.38 g Ag/t, 0.09 g Au/t, 0.30% Zn, 0.21% Pb and 0.11%Sn) over 128.44m from 264.14m to 392.58m.
Overall, 86% of this 599.8m long hole had reportable intersections which collectively average 129.70 g Ag eq/t.
Hole DSBU-05 intersected 141.05 g Ag eq/t (22.99 g Ag/t, 0.07 g Au/t, 0.18% Zn, 0.16% Pb, 0.21% Cu and 0.12% Sn) over 153.25m from 0.00m to 153.25m which included high grade sections of:
201.23 g Ag eq/t (21.77 g Ag/t, 0.06 g Au/t, 0.36% Zn, 0.30 %Pb, 0.63 %Cu and 0.12% Sn) over 34.97m from 0.00m to 34.97m,
206.03 g Ag eq/t (24.52 g Ag/t, 0.18 g Au/t, 0.14% Zn, 0.16 %Pb, 0.11% Cu and 0.23% Sn) over 9.05m from 76.94m to 85.99m, and
242.83 g Ag eq/t (31.67 g Ag/t, 0.04 g Au/t, 0.23% Zn, 0.19% Pb, 0.17% Cu and 0.28% Sn) over 25.60m from 109.93m to 135.53m.
Hole DSBU-05 has a second major intersection lower in the hole from 348.08m to 526.17m of 92.47 g Ag eq/t (23.86 g Ag/t, 0.96% Zn, 0.21% Pb) over 178.09m.
Overall, 65% of this 641.9m long hole had reportable intersections which collectively average 107.73 g Ag eq/t.

https://www.juniorminingnetwork.com/...potosi-department-bolivia.html

Eloro Resources Files Updated NI 43-101 Technical Report on Iska Iska Project

Source: GlobeNewswire Inc.

Eloro Resources Ltd. (the “Company” or “Eloro”) (TSX-V: ELO; OTCQX: ELRRF; FSE: P2QM) is pleased to announce that it has filed on SEDAR an updated technical report (“Technical Report”) on the Company’s Iska Iska silver-tin polymetallic project, prepared by Micon International Limited (“Micon”) and in accordance with National Instrument 43-101.
Eloro also announces that it has filed a final short form base shelf prospectus with the securities regulatory authorities in each of the provinces of Canada except Québec.

Updated NI 43-101 Technical Report

The Technical Report supports the interpretation of the drilling and other exploration results thus far, and details Eloro’s next exploration phase leading to the estimation of mineral resources. Micon’s conclusions in the Technical Report include the following:

The potential of the Iska Iska Project is unquestionable in terms of its regional geological setting. It is in the midst of a proven metallogenic district with well-established world-class mines such as Cerro Rico de Potosi, Chorolque, and San Vicente. The fact that nearby mines of the Bolivian polymetallic type are operating profitably, is positive for the current drill definition and metallurgical investigations at Iska Iska.

Proximity of the deposit to surface offers an opportunity/potential for both open pit and underground exploitation, especially in the Santa Barbara – Huayra Kasa area.

Geological mapping, geophysical surveys, and diamond drilling have revealed a potentially large deposit of significance but yet to be converted into a resource. So far, the mineralization/deposit is isotropic, lacking any preferred alignment; this is corroborated by variography and downhole IP surveys.

All holes drilled across the project to date display intervals of alteration and significant mineralization, and the limits of the system have not yet been delineated. The deposit is wide open for expansion in all directions.

The “epicentre” of mineralization appears to be in the Santa Barbara adit area, where the highest grades and widest widths have been encountered to date. Therefore, resource development and expansion should radiate outwards from here.
In making recommendations in the Technical Report, Micon states: Eloro’s nearer term objective is a maiden mineral resource estimate within this large target area. This work is advancing well with the initial mineral resource targeted to be completed in Q3 2022. Exploration drilling is also planned on other major targets in the Iska Iska Caldera Complex including the Porco and Mina 2 areas. Accordingly, Micon recommends a two-pronged approach for Eloro to achieve its objectives, namely an initial phase of geophysics and additional delineation drilling followed by a second phase of resource expansion and preliminary economic assessment.  

Final Base Shelf Prospectus

The base shelf prospectus filed by Eloro will allow Eloro to qualify the distribution by way of prospectus of up to C$100 million, in aggregate, of common shares, warrants and units, or any combination thereof, from time to time during the 25-month period during which the base shelf prospectus is effective. The specific terms of any future offering will be established in a prospectus supplement to the base shelf prospectus, which supplement will be filed with the applicable Canadian securities regulatory authorities in connection with any such offering.  

Eloro has filed the base shelf prospectus to provide the Company with greater financial flexibility going forward but has not entered into any agreements or arrangements to authorize or offer any securities of the Company at this time.

A copy of the final short form base shelf prospectus is available under Eloro’s profile on SEDAR at www.sedar.com.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, any securities of the Company in any jurisdiction in which such offer, solicitation or sale would be unlawful.

Qualified Person

Dr. Bill Pearson, P.Geo., Eloro’s Executive Vice President Exploration and a Qualified Person as such term is defined in National Instrument 43-101, has reviewed and approved the technical content of this news release.

About Eloro Resources Ltd.

Eloro is an exploration and mine development company with a portfolio of gold and base-metal properties in Bolivia, Peru and Quebec. Eloro has an option to acquire a 99% interest in the highly prospective Iska Iska Property, which can be classified as a polymetallic epithermal-porphyry complex, a significant mineral deposit type in the Potosi Department, in southern Bolivia. A NI 43-101 Technical Report on Iska Iska, which was completed by Micon International Limited, is available on Eloro’s website and under its filings on SEDAR. Iska Iska is a road-accessible, royalty-free property. Eloro also owns an 82% interest in the La Victoria Gold/Silver Project, located in the North-Central Mineral Belt of Peru some 50 km south of Barrick’s Lagunas Norte Gold Mine and Pan American Silver’s La Arena Gold Mine. La Victoria consists of eight mining concessions and eight mining claims encompassing approximately 89 square kilometres. La Victoria has good infrastructure with access to road, water and electricity and is located at an altitude that ranges from 3,150 m to 4,400 m above sea level.

For further information please contact either Thomas G. Larsen, Chairman and CEO or Jorge Estepa, Vice-President at (416) 868-9168.

Eloro Resources Announces C$5 Million Bought Deal Financing

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TORONTO, May 12, 2022 /CNW/ - Eloro Resources Ltd. (the "Company" or "Eloro") (TSXV: ELO) (OTCQX: ELRRF) (FSE: P2QM) is pleased to announce that it has entered into an agreement with Cormark Securities Inc. to act as sole underwriter (the "Underwriter"), pursuant to which the Underwriter has agreed to purchase, on a bought deal basis, 1,538,480 units (the "Units") at a price of C$3.25 per Unit (the "Issue Price") for gross proceeds to the Company of C$5,000,060 (the "Offering").

Each Unit will consist of one common share (a "Common Share") in the capital of the Company and one-half (1/2) of one common share purchase warrant (each whole common share purchase warrant, a "Warrant") of the Company. Each Warrant shall be exercisable to acquire one Common Share (a "Warrant Share") at a price per Warrant Share of C$4.75 for a period of 24 months from the closing date of the Offering.

In addition, the Company has agreed to grant to the Underwriter an option to purchase up to an additional 15% of the number of Units sold under the Offering at a price per Unit equal to the Issue Price, on the same terms and conditions as the Offering, exercisable at any time, in whole or in part, until the date that is 30 days following the closing of the Offering.

The net proceeds from the Offering will be used for exploration and development at the Company's projects in Bolivia and Peru, and for general working capital and corporate purposes as set out in the Prospectus Supplement (defined below).

Eloro Resources Closes C$9.775 Million Bought Deal Financing

Source: GlobeNewswire Inc.

Eloro Resources Ltd. (the “Company” or “Eloro”) (TSX-V: ELO; OTCQX: ELRRF; FSE: P2QM) is pleased to announce that it has closed its previously announced bought deal financing of 3,007,710 units of the Company (the "Units") at a price of C$3.25 per Unit for gross proceeds to the Company of C$9,775,057.50 (the "Offering"). The Offering was underwritten on a bought deal basis by Cormark Securities Inc. as underwriter (the “Underwriter”), pursuant to an underwriting agreement dated May 16, 2022 between the Company and the Underwriter. Haywood Securities Inc. participated as a special selling group member in connection with the Offering. The Offering included the exercise in full by the Underwriter of the over-allotment option granted by the Company pursuant to the terms of the Offering. Each Unit consists of one common share in the capital of the Company (each a “Common Share”) and one-half of one Common Share purchase warrant of the Company (each whole warrant, a “Warrant”). Each Warrant entitles the holder to acquire an additional Common Share at a price of C$4.75 for a period of 24 months following the closing of the Offering.
The securities issued under the Offering were qualified for distribution pursuant to a prospectus supplement dated May 16, 2022 (the “Supplement”) to the Company’s short form base shelf prospectus dated May 11, 2022.

The net proceeds from the Offering will be used for continued exploration and development of the Company’s Iska Iska project in Bolivia, as further set out in the Supplement filed on the Company’s SEDAR profile at www.sedar.com.

In connection with the Offering, the Company paid the Underwriter a cash commission equal to 6% of the gross proceeds of the Offering (for a total cash commission of C$586,503.45) and issued to the Underwriter and its selling group members that number of non-transferable compensation options (the “Compensation Options”) equal to 6% of the aggregate number of Units sold under the Offering (for a total of 180,462 Compensation Options). Each Compensation Option entitles the holder to acquire one Common Share at a price of C$3.25 per Common Share for a period of 24 months following the closing of the Offering.

The securities offered in the Offering have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”) or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Eloro Resources Ltd.

Eloro is an exploration and mine development company with a portfolio of gold and base-metal properties in Bolivia, Peru and Quebec. Eloro has an option to acquire a 99% interest in the highly prospective Iska Iska Property, which can be classified as a polymetallic epithermal-porphyry complex, a significant mineral deposit type in the Potosi Department, in southern Bolivia. A NI 43-101 Technical Report on Iska Iska, which was completed by Micon International Limited, is available under Eloro’s filings on SEDAR. Iska Iska is a road-accessible, royalty-free property. Eloro also owns an 82% interest in the La Victoria Gold/Silver Project, located in the North-Central Mineral Belt of Peru some 50 km south of Barrick’s Lagunas Norte Gold Mine and Pan American Silver’s La Arena Gold Mine. La Victoria consists of eight mining concessions and eight mining claims encompassing approximately 89 square kilometres. La Victoria has good infrastructure with access to road, water and electricity and is located at an altitude that ranges from 3,150 m to 4,400 m above sea level

Eloro Resources ist Teil eines deutschsprachigen Silber-Reports: https://www.resource-capital.ch/de/reports/ansicht/silber-report-2022/  

ORIGINAL: Eloro Resources Provides Update on the Preliminary Metallurgical Testwork Program for the Iska Iska Silver-Tin Polymetallic Project, Potosi Department, Bolivia

TORONTO, June 13, 2022 (GLOBE NEWSWIRE) -- Eloro Resources Ltd. (TSX-V: ELO; OTCQX: ELRRF; FSE: P2QM) ("Eloro", or the "Company") is pleased to provide an update on its preliminary metallurgical testwork program for the Iska Iska silver-tin polymetallic project in the Potosi Department, southern Bolivia. The work program including testwork for development of a preliminary metallurgical flowsheet and preliminary mineralogical characterization, is being carried out by Blue Coast Research Ltd. ("Blue Coast") based in Parksville, BC. The objective is to develop the preliminary flotation flowsheet to maximize lead, zinc and precious metals into saleable concentrates in the Santa Barbara polymetallic deposit and to develop a preliminary flowsheet for tin in both the Santa Barbara and the deeper tin-dominant mineralization.

Blue Coast has world-class metallurgical testing, analytical services, flowsheet development, consulting, and operational support. Their excellent team has been augmented with the addition of Mr. Mike Hallewell, C.Eng., a senior independent mineral processing consultant based in Cornwall, England, who has extensive specialist knowledge in the recovery of tin at mining operations and exploration projects worldwide.

The metallurgical testing is being directed by Richard Gowans, P.Eng., Principal Metallurgist for Micon International Limited, who is an independent Qualified Person as defined under NI 43-101.

Tom Larsen, CEO of Eloro, commented: "The metallurgical testing program at Blue Coast is progressing well. The initial focus of their work was on the Santa Barbara polymetallic mineralization for Ag, Zn and Pb recovery based on samples from discovery hole DHK15 and hole DHK-18. The tin-rich zone in hole DSB-06 was also selected for testing but at that time it was uncertain how this mineralization was connected to the Santa Barbara polymetallic deposit. However, with further drilling and solid work by our geological and geophysical team, we now know that there is extensive tin mineralization at depth beneath the polymetallic mineralization. Once testing is completed on DSB-06, we will be adding additional samples from tin-rich holes to enable further development of an appropriate flow sheet for tin. While arsenic and other potentially deleterious elements are being tracked during the testwork program, these are not anticipated to be a material issue at the levels in current tests."

Metallurgical Samples

The samples used for the preliminary program completed to date comprise three representative metallurgical samples from existing drill core. The initial three composites are:

Composite drill hole DHK-15, from 131 m to 198 m, mineralized breccia.
Composite drill hole DHK-18, from 76 m to 140 m, mineralized dacitic envelope.
Composite drill hole DSB-06, from 413 m to 477 m, tin-rich mineralized zone.
Approximately 60 m of quarter-core from each drill hole was selected for these three metallurgical composite samples. The head analyses for these three composites are presented in Table 1. It is noted that the arsenic (As) grade is relatively low, being less than = 0.03% for all the three composite samples. Although not anticipated to be a material issue at these levels, the As and other potentially deleterious elements will be tracked during the testwork program.

Eloro Resources Intersects 198.00 g Ag eq/t (67.79 g Ag/t, 1.44% Zn and 1.04% Pb) over 134.47m in Silver-Rich Area of High-Grade Feeder Zone in Santa Barbara Target Area at the Iska Iska Silver-Tin Polymetallic Project, Potosi Department, Bolivia

Source: GlobeNewswire Inc.

Eloro Resources Ltd. (TSX-V: ELO; OTCQX: ELRRF; FSE: P2QM) (“Eloro”, or the “Company”) is pleased to announce assay results from two (2) additional diamond drill holes from its on-going drilling program at the Iska Iska silver-tin polymetallic project in the Potosi Department, southern Bolivia. One drill hole, DSB-31, tested the potential south-southeastern extension of the high-grade feeder zone at Santa Barbara while the second hole, DSB-33, tested the southwest limit of the zone in the vicinity of the Central Breccia, as shown in Figure 1.
In its September 20, 2022 press release, the Company reported that new downhole geophysical data has significantly extended the strike length of the high-grade feeder zone at Santa Barbara a further 250m along strike to the south-southeast from existing drilling. The 3D inverse magnetic model which correlates very strongly with the conductive zone suggests that the high-grade feeder zone may extend across the entire caldera for as much as a further 1 km along strike for a total potential strike length of at least 2 km. As previously reported, the definition drill program has been modified to sectionally drill this potential extension with the intention of defining a major open-pittable deposit in the valley of the caldera. As a result, the estimated completion date for the maiden National Instrument 43-101 mineral resource has been pushed back to the end of Q1 2023.

Overall, the Company has completed 77,182m in 119 drill holes to-date at Iska Iska, including four holes in progress, as shown in Figure 1. Tables 1 and 2 list significant assay results for the drill holes reported. Prices used for calculating Ag equivalent grades are as outlined in Eloro’s July 21, 2022 press release. Table 3 summarizes drill holes with assays pending. Highlights for the drilling are as follows:

Santa Barbara High Grade Feeder Zone Extension Definition Drilling

Hole DSB-31 was drilled to test the potential south-southeastern extension of the Santa Barbara High Grade Feeder Zone shown in Figure 1. This hole was collared approximately 200m south-southeast of the underground drill bay in the Santa Barbara adit and was drilled at an azimuth of 2250 with a dip of -600. This hole intersected several extensive high grade silver zones:

198.00 g Ag eq/t (67.79 g Ag/t, 1.44% Zn and 1.04% Pb) over 134.47m from 11.61m to 146.06m, including a higher-grade portion of 566.36 g Ag eq/t (246.26 g Ag/t, 3.72% Zn and 3.88% Pb) over 25.51m from 113.09m to 138.60m,
161.54 g Ag eq/t (32.14 g Ag/t, 1.94% Zn and 0.76% Pb) over 82.12m from 168.46m to 250.58m including a higher-grade portion of 384.21 g Ag eq/t (104.09 g Ag/t, 3.74% Zn and 2.34% Pb) over 19.14m from 210.45m to 229.59m,
123.24 g Ag eq/t (9.23 g Ag/t, 1.44% Zn, 0.26% Pb and 0.07% Sn) over 62.23m from 466.48m to 528.65m including higher-grade portions of 202.40 g Ag eq/t (13.75 g Ag/t, 2.46% Zn, 0.33% Pb and 0.12 Sn) over 20.63m from 480.00 to 500.63m and 166.76 g Ag eq/t (9.76 g Ag/t, 1.83% Zn, 0.50% Pb and 0.11 Sn) over 13.05m from 515.60 to 528.65m.
126.21 g Ag eq/t (6.05 g Ag/t, 1.58% Zn and 0.52% Pb) over 81.12m from 614.21m to 695.33m
120.39 g Ag eq/t (8.32 g Ag/t, 1.78% Zn and 0.06% Pb) over 11.99m from 900.33m to 912.32m
Overall, 51% of the overall length of this 987.99m long hole yielded reportable intersections, which collectively average 139.44 g Ag eq/t.
The high-grade silver zone intersected in hole DSB-31 appears to be in the same structural-mineralized corridor as the silver-rich zone in the Santa Barbara adit. As previously reported (see press release dated April 13, 2021), channel sampling along the adit returned 441.98 g Ag eq/t (164.96 g Ag/t, 0.23 g Au/t, 3.46% Pb and 0.46% Sn) over 165.89m. Adjusted to prices used in this current release, the overall Ag eq/t value is 493.61 g Ag eq/t.

Hole DSB-33 was drilled at an azimuth of 2250 with a dip of -600 to test the southwest limit of the high-grade feeder zone in the vicinity of the Central Breccia (Figure 1). This hole intersected 18 reportable intersections including a very high tin intersection grading 1.41% Sn over 21.25m from 354.98m to 376.23m. This included a 9.04m section from 356.56m to 365.60m that graded 3.08% Sn. A total of 26% of this 825.82m hole contained reportable intersections which collectively averaged 123.39 g Ag eq/t.

https://stockhouse.com/news/press-releases/2022/...08-16-g-ag-eq-t-11

Eloro Resources Intersects Multiple Intersections including 108.16 g Ag eq/t (11.63 g Ag/t, 1.53% Zn and 0.36% Pb) over 111.26m in High-Grade Feeder Zone in Santa Barbara Target Area at the Iska Iska Silver-Tin Polymetallic Project, Potosi Department, Bolivia
V.ELO | 46 minutes ago
This intersection in hole DSB-36, drilled 400m southeast of the Santa Barbara adit, includes higher-grade portions of:
180.29 g Ag eq/t (24.27 g Ag/t, 2.49% Zn and 0.73% Pb) over 24.13m.
197.54 g Ag eq/t (17.04 g Ag/t, 2.96% Zn and 0.58% Pb) over 11.82m.
211.34 g Ag eq/t (30.50 g Ag/t, 2.87% Zn and 0.76% Pb) over 6.02m.
Other significant intersections in this hole include:
101.31 g Ag eq/t (28.14 g Ag/t, 0.19% Zn, 0.55% Pb and 0.26% Cu) over 77.82m.
101.47 g Ag eq/t (23.88 g Ag/t, 1.08% Zn and 0.56% Pb) over 55.54m.
205.75 g Ag eq/t (20.69 g Ag/t, 0.15 g Au/t, 0.68% Zn and 0.75% Pb) over 22.75m.
136.82 g Ag eq/t (3.33 g Ag/t, 0.09 gAu/t, 1.72% Zn, 0.31% Pb and 0.07% Sn) over 78.39m including 478.26 g Ag eq/t (12.60 g Ag/t, 0.27 gAu/t, 5.61% Zn, 0.91% Pb and 0.28% Sn over 10.53m
203.26 g Ag eq/t (1.73 g Ag/t, 0.75% Zn and 0.42% Sn) over 12.22m.
The last sample in this 935.4m long hole returned 549.91g Ag eq/t (46.00 g Ag/t, 3.33% Zn, 2.27%Pb and 0.68% Sn) over 1.51m.
52% of this hole contained reportable intersections which collectively averaged 112.48 g Ag eq/t.
On-Strike Extension of High Grade Feeder Zone at Santa Barbara to South-Southeast now confirmed for an additional 400m and is open along strike.
TORONTO, Oct. 18, 2022 (GLOBE NEWSWIRE) -- Eloro Resources Ltd. (TSX-V: ELO; OTCQX: ELRRF; FSE: P2QM) (“Eloro”, or the “Company”) is pleased to announce assay results from two (2) additional diamond drill holes from its on-going drilling program at the Iska Iska silver-tin polymetallic project in the Potosi Department, southern Bolivia. One drill hole, DSB-36, collared 400m southeast of the Santa Barbara adit, tested the extension of the core of the high-grade feeder zone at Santa Barbara while hole DSB-34, tested the potential southwest limits of the high-grade feeder zone as shown in Figure 1.

To-date, the Company has completed 79,258m in 118 drill holes to-date at Iska Iska, including four holes in progress, as shown in Figure 1. Table 1 lists significant assay results for the drill holes reported. Prices used for calculating Ag equivalent grades are as outlined in Eloro’s July 21, 2022 press release. Table 2 summarizes drill holes completed with assays pending and holes in progress.

Tom Larsen, CEO of Eloro, said: “Results from hole DSB-36 continue to confirm that the high-grade feeder zone extends much further south-southeast across the valley of the Iska Iska caldera as interpreted from our geophysical surveys. This new hole has extended the strike length a further 400m to the south-southeast where it remains open along strike. We are continuing to aggressively drill this important target which has the potential to outline a significant open pittable resource.”

Eloro Resources Intersects Multiple Intersections including 122.25g Ag eq/t (17.77g Ag/t, 0.30% Zn, 0.33% Pb, 0.10% Cu and 0.16% Sn) over 210.74m in High Grade Feeder Zone, Santa Barbara Target Area at the Iska Iska Silver-Tin Polymetallic Project, Potosi

Source: GlobeNewswire Inc.

Eloro Resources Ltd. (TSX-V: ELO; OTCQX: ELRRF; FSE: P2QM) (“Eloro”, or the “Company”) is pleased to announce assay results from eight (8) additional diamond drill holes from its on-going drilling program at the Iska Iska silver-tin polymetallic project in the Potosi Department, southern Bolivia. Six of these holes (DSB-35 and DSB-37 to DSB-41) tested the south-southeastern extension of the high-grade feeder zone at Santa Barbara while METSBUG-03 is a metallurgical hole drilled from the Santa Barbara adit underground drill bay. Hole DM2-01 is a reconnaissance drill hole near the Mina 2 adit in the southeast part of the property.
To-date, the Company has completed 84,495m in 122 drill holes at Iska Iska which completes the definition drill program in the Santa Barbara target area as shown in Figure 1. Tables 1, 2, 3, 4 and 5 list significant assay results for the drill holes reported. Prices used for calculating Ag equivalent grades are as outlined in Eloro’s July 21, 2022 press release. Table 6 summarizes drill holes completed with assays pending.

Tom Larsen, CEO of Eloro, said: “Now that the reconnaissance drill holes just released, DSB-38, -39 and -40, are adding a further 500 meters of mineralized strike length, these latest results should add substantial tonnage to our resource model. Infill drilling at a later date should further upgrade and expand the higher metal value zonations that have become characteristic of the Iska Iska system.”

“Given the guidance of our geophysics, if one were to draw a line from Huayra Kasa in the north of the Iska Iska Caldera southwest to Mina Casiterita one can reasonably assume up to a 3 kilometre potential strike length of mineralization given the magnetic data to date,” added Mr. Larsen. “The current strike length, width and depth of the Santa Barbara complex, which is still open in all directions, is pointing to the strong possibility that Iska Iska will become a giant “bonanza style” Bolivian polymetallic discovery.”

Dr. Bill Pearson, P.Geo. Eloro’s Executive Vice President, Exploration commented: “We continue to obtain promising results from our drilling on the High-Grade Feeder Zone at Santa Barbara. The on-strike extension of this zone to the south-southeast is now confirmed for an additional 500m for a total strike length of 1,500m. Geophysical data indicates potential for a further 500m strike length to 2,000m which has been initially tested by the final drill holes in our 2022 program for which results are pending. The width of the Santa Barbara mineralized zone is now up to 1,000m across strike with a depth of at least 800m. The mineralized zone remains open in ALL directions as well as at depth. With completion of our planned drilling program, we are now focussed on working with Micon International to complete the inaugural mineral resource estimate.”

Santa Barbara High Grade Feeder Zone Extension Definition Drilling

Six holes (DSB-35, DSB-37 to DSB-41) tested the south-southeastern extension of the high-grade feeder zone at Santa Barbara.

Holes DSB-38, DSB-39 and DSB-40 were drilled on an approximately 1km long section across the central part of the caldera valley approximately 500m south-southeast of the underground drill bay in the Santa Barbara adit as shown in Figure 1. The three holes were all drilled at an azimuth of 2250 with a dip of -600. Collectively, these holes intersected many significant intersections within altered and mineralized dacite including:

Highlights Hole DSB-38

542.75g Ag eq/t (330.95g Ag/t, 0.85% Zn and 5.20% Pb) over 7.55m from 186.75m to 194.30.
129.92g Ag eq/t (18.63g Ag/t, 1.81% Zn and 0.36% Pb) over 31.92m from 365.26m to 397.18m including:
204.13g Ag eq/t (34.18g Ag/t, 2.71% Zn and 0.63% Pb) over 10.54m from 377.50m to 388.04m.
285.65g Ag eq/t (137.00g Ag/t, 0.29% Zn and 4.17% Pb) over 4.65m from 412.35m to 417.00m.
143.52g Ag eq/t (26.09 g Ag/t, 1.64% Zn and 0.88% Pb) over 16.69m from 423.16m to 439.85m.
269.56g Ag eq/t (52.63g Ag/t, 3.02% Zn and 1.82% Pb) over 58.58m from 463.95m to 522.53m including:
462.04g Ag eq/t (75.05g Ag/t, 5.87% Zn and 2.55% Pb) over 23.80m from 463.95m to 487.75m.
101.74g Ag eq/t (10.59g Ag/t, 0.16 gAu/t, 1.23% Zn and 0.28% Pb) over 74.07m from 627.38m to 701.45m including:
255.53g Ag eq/t (31.83g Ag/t, 0.59 g Au/t, 2.73% Zn and 0.64% Pb) over 17.24m from 658.41m to 675.65m.
205.14g Ag eq/t (12.28g Ag/t, 3.05% Zn and 0.85% Pb) over 12.14m from 746.76m to 758.90m.
94.46g Ag eq/t (12.84g Ag/t, 1.15% Zn and 0.32% Pb) over 12.07m from 807.30m to 819.37m.
41% of this 851.5m long drill hole contains reportable intersections averaging 133.99g Ag eq/t.
Highlights Hole DSB-39

93.08g Ag eq/t (5.22g Ag/t, 1.48% Zn and 0.33% Pb) over 16.99m from 157.95m to 174.94m.
111.70g Ag eq/t (4.85g Ag/t, 0.32 g Au/t, 1.22% Zn and 0.15% Pb) over 19.54m from 277.60m to 297.14m.
123.89g Ag eq/t (6.80g Ag/t, 2.0% Zn and 0.24% Pb) over 10.44m from 425.62m to 436.06m.
72.40g Ag eq/t (9.38g Ag/t, 0.83% Zn and 0.82% Pb) over 28.58m from 517.82m to 546.40m including a higher-grade section of:
107.35g Ag eq/t (15.47g Ag/t, 1.18% Zn and 0.82% Pb) over 9.00m from 535.90m to 544.90m.
142.44g Ag eq/t (20.17g Ag/t, 0.78 g Au/t, 0.70% Zn and 0.38% Pb) over 6.17m from 829.45m to 835.62m.
24% of this 857.4 m long hole contained reportable intersections which collectively averaged 84.39 g Ag eq/t.
Highlights Hole DSB-40

91.96g Ag eq/t (4.71g Ag/t, 1.37% Zn and 0.15% Pb) over 193.96m from 239.81m to 433.77m with higher-grade portions of:
147.94g Ag eq/t (4.56g Ag/t, 2.48% Zn and 0.29% Pb) over 19.86m from 294.34m to 314.20m.
218.05g Ag eq/t (14.33g Ag/t, 0.14 g Au/t, 3.35% Zn and 0.33% Pb) over 11.21m from 390.77m to 401.98m.
144.05g Ag eq/t (9.10g Ag/t, 0.19 g Au/t, 2.03% Zn and 0.32% Pb) over 8.95m from 460.50m to 469.45m.
74.06g Ag eq/t (7.30g Ag/t, 0.09 g Au/t, 0.71% Zn and 0.06% Pb) over 90.22m from 477.04m to 567.26m with a higher-grade portion of:
157.98g Ag eq/t (12.23g Ag/t, 0.21 g Au/t, 1.92% Zn and 0.14% Pb) over 19.50m from 513.15m to 532.65m.
191.50g Ag eq/t (16.77g Ag/t, 0.11 g Au/t, 0.40% Zn, 0.45% Pb and 0.33% Sn) over 18.13m from 647.42m to 665.55m.
35% of this 1,052.4m long hole contained reportable intersections which collectively averaged 92.11g Ag eq/t.
Holes DSB-37 and DSB-41 were collared on sections 100m and 300m northwest, respectively, of the DSB-38 to -40 section as shown in Figure 1. Highlights from these holes which intersected altered and mineralized dacite are as follows:

Highlights DSB-37

108.54g Ag eq/t (46.67g Ag/t, 0.21% Pb and 0.12% Sn) over 16.11m from 0.00m to 16.11m.
55.24g Ag eq/t (3.95g Ag/t, 0.78% Zn and 0.17% Pb) over 74.72m from 223.25m to 297.97m including higher-grade sections grading:
95.69g Ag eq/t (4.83g Ag/t, 1.43% Zn and 0.31% Pb) over 4.50m from 246.90m to 251.40m.
232.58g Ag eq/t (43.41g Ag/t, 2.88% Zn and 1.15% Pb) over 2.97m from 287.31m to 290.28m.
212.76g Ag eq/t (38.92g Ag/t, 1.37% Zn, 2.03% Pb and 0.08% Sn) over 18.30m from 316.35m to 334.65m.
345.39g Ag eq/t (36.06g Ag/t, 0.15g Au/t, 2.83% Zn, 0.93% Pb and 0.32% Sn) over 12.12m from 446.61m to 458.73m.
214.76g Ag eq/t (24.87g Ag/t, 0.36g Au/t, 1.60% Zn, 0.24% Pb and 0.17% Sn) over 7.65m from 499.66m to 507.31m.
75.16g Ag eq/t (7.95g Ag/t, 0.11g Au/t, 0.76% Zn and 0.20% Pb) over 63.65m from 549.90m to 613.55m including higher-grade sections grading:
422.12g Ag eq/t (60.29g Ag/t, 0.40g Au/t, 4.27% Zn and 2.39% Pb) over 3.02m from 600.12m to 603.14m.
195.47g Ag eq/t (15.77g Ag/t, 0.15g Au/t, 1.89% Zn, 0.94% Pb and 0.10% Sn) over 4.37m from 609.18m to 613.55m.
38% of this 917.4m long drill hole contains reportable intersections averaging 90.54g Ag eq/t.
Highlights DSB-41

119.70g Ag eq/t (20.22g Ag/t, 0.14g Au/t, 1.31% Zn and 0.54% Pb) over 46.73m from 340.11m to 386.84m.
64.69g Ag eq/t (2.88g Ag/t, 1.05% Zn and 0.14% Pb) over 40.78m from 429.22m to 470.00m with a higher-grade portion of:
100.53g Ag eq/t (4.82g Ag/t, 1.62% Zn and 0.26% Pb) over 12.07m from 445.88m to 457.95m.
124.30 g Ag eq/t (33.73g Ag/t, 1.03% Zn and 0.93% Pb) over 16.41m from 562.11m to 578.52m.
102.27g Ag eq/t (12.76g Ag/t, 1.15% Zn and 0.27% Pb) over 19.61m from 609.97m to 629.58m.
145.52g Ag eq/t (15.52g Ag/t, 0.11gAu/t, 1.54% Zn, 0.36% Pb and 0.07% Sn) over 71.39m from 650.36m to 721.75m including a higher-grade portion of:
261.83g Ag eq/t (26.12g Ag/t, 0.09g Au/t, 2.78% Zn, 0.56% Pb and 0.17% Sn) over 15.24m from 699.28m to 714.52m.
29% of this 829.4m long hole contained reportable intersections which collectively averaged 114.16g Ag eq/t.
Santa Barbara Southwest Extension Drilling

Hole DSB-35 was drilled to test the potential southwest extension of the Santa Barbara High Grade Feeder Zone shown in Figure 1. Sn grades are notably elevated in this area. This hole was collared approximately 300m west-northwest of the underground drill bay in the Santa Barbara adit and was drilled at an azimuth of 2250 with a dip of -600. This hole intersected several significant intersections including:

89.43g Ag eq/t (5.63g Ag/t, and 0.20% Sn) over 104.86m from 0.00m to 104.86m with higher-grade portions of:
203.86g Ag eq/t (5.42g Ag/t, 0.14 g Au/t, and 0.47% Sn) over 8.69m from 7.72m to 16.41m.
383.23 g Ag eq/t (5.66g Ag/t, 0.06 g Au/t, and 0.95% Sn) over 4.44m from 38.69m to 43.13m.
153.09g Ag eq/t (2.40g Ag/t and 0.37% Sn) over 7.66m from 95.70m to 103.36m.
112.97g Ag eq/t (13.80g Ag/t, 0.40 g Au/t and 0.15% Sn) over 13.70m from 330.70m to 344.40m.
195.29g Ag eq/t (26.32g Ag/t, 0.32 g Au/t, 0.30% Cu and 0.24% Sn) over 14.47m from 577.37m to 591.84m.
58.22g Ag eq/t (2.40g Ag/t, 0.14% Cu and 0.07% Sn) over 46.64m from 677.00m to 723.64m including:
135.97g Ag eq/t (6.81g Ag/t, 0.37% Cu and 0.18% Sn) over 6.22m from 691.75m to 697.97m.
Santa Barbara Metallurgical Drilling

METSBUG-03 is the third metallurgical drill hole collared from the underground drill bay on the Santa Barbara adit. The hole was drilled at an azimuth of 2700 and a dip of -350 to a length of 707.8m. Significant results are as follows:

122.25g Ag eq/t (17.77g Ag/t, 0.30% Zn, 0.33% Pb, 0.10% Cu and 0.16% Sn) over 210.74m from 0.00m to 210.74m with higher-grade portions of:
272.90g Ag eq/t (100.21g Ag/t, 0.37% Pb, 0.17% Cu and 0.16% Sn) over 16.57m from 101.69 to 118.26m.
199.68g Ag eq/t (51.11g Ag/t and 0.34% Sn) over 13.11m from 171.89 to 185.00m.
240.31g Ag eq/t (1.00g Ag/t and 0.61% Sn) over 11.99m from 280.87m to 292.86m.
252.83g Ag eq/t (6.89g Ag/t and 0.62% Sn) over 10.51m from 325.76m to 336.27m.
397.04 g Ag eq/t (17.32g Ag/t, 0.67g Au/t, 0.10% Pb, 0.44% Cu and 0.68% Sn) over 32.00m from 489.05m to 521.05m including:
881.48g Ag eq/t (33.42g Ag/t, 1.43g Au/t, 0.28% Pb, 0.60% Cu and 1.65% Sn) over 9.15m from 489.05m to 498.20m; and
501.04g Ag eq/t (16.08g Ag/t, 0.68g Au/t, 1.03% Cu and 0.77% Sn) over 5.83m from 489.05m to 498.20m.
99.87g Ag eq/t (3.76g Ag/t, 0.68g Au/t, 0.29% Cu and 0.09% Sn) over 30.76m from 531.79m to 562.55m.
195.59g Ag eq/t (6.56g Ag/t, 0.68g Au/t, 0.61% Cu and 0.13% Sn) over 9.43m from 553.12m to 562.55m.
371.47g Ag eq/t (28.44g Ag/t, 0.37g Au/t, 0.74% Cu and 0.52% Sn) over 36.32m from 574.62m to 610.94m with a higher-grade portion of:
583.25g Ag eq/t (44.82g Ag/t, 0.56g Au/t, 0.12% Pb, 1.18% Cu and 0.82% Sn) over 21.05m from 585.27m to 606.32m.
135.62g Ag eq/t (7.25g Ag/t, 0.22% Cu and 0.22% Sn) over 25.85m from 635.28m to 661.13m.
97.90g Ag eq/t (6.61g Ag/t, 0.10g Au/t, 0.15% Cu and 0.15% Sn) over 16.83m from 670.17m to 687.00m.
64% of this 707.8m long drill hole contains reportable intersections averaging 164.32 g Ag eq/t.
Reconnaissance Drilling Mina 2 Area

Hole DM2-01 is a reconnaissance drill hole collared in the Mina 2 area in the southeastern part of the property. This hole returned several significant short intersections along a structure in the Ordovician basement metasediments as follows:

103.60g Ag eq/t (10.30g Ag/t, 0.23g Au/t, 0.95% Zn and 0.34% Pb) over 1.50m from 0.00m to 1.50m.
328.17g Ag eq/t (17.90g Ag/t, 2.49g Au/t, 0.43% Zn, 0.18% Pb and 0.14% Sn) over 1.53m from 398.54m to 400.07m.
88.51g Ag eq/t (10.74g Ag/t and 1.40% Zn) over 3.06m from 847.57m to 850.63m.
Sampling of the underground workings at Mina 1, Mina 2, Mina 3 and Mina 4 (Figure 1) has been completed with results pending. Geological mapping is also being carried out in the area to develop a better understanding of the structural controls on mineralization before carrying out further drilling in this target area

Interview auf der Mines and Money London 2022 mit CEO Thomas Larsen: https://www.commodity-tv.com/play/...in-bolivia-with-long-intercepts/  

Eloro Resources’ drill hole DHK-27 intersects 202.43g Ag eq/t (69.80g Ag/t, 1.21% Zn, 0.49% Pb, and 0.12%Sn) over 325.48m including a higher-grade portion of 395.98 g Ag eq/t
(182.02g Ag/t, 1.73% Zn, 0.97% Pb, 0.18% Cu and 0.19%Sn) over 109.60m in the High-Grade Zone, Santa Barbara Deposit at the Iska Iska Silver-Tin Polymetallic Project, Potosi Department, Bolivia

https://ceo.ca/@globenewswire/...-drill-hole-dhk-27-intersects-20243g  

Bohrloch DHK-27 von Eloro Resources durchteuft 202,43 g Ag-Äq/t (69,80 g Ag/t, 1,21 % Zn, 0,49 % Pb und 0,12 % Sn) auf 325,48 m, einschließlich eines hochgradigeren Anteils von 395,98 g Ag-Äq/t  t (182,02 g Ag/t, 1,73 % Zn, 0,97 % Pb, 0,18 % Cu und 0,19 % Sn) auf 109,60 m in der hochgradigen Zone, Lagerstätte Santa Barbara im polymetallischen Silber-Zinn-Projekt Iska Iska, Department Potosi,  Bolivien

2023-01-31 06:00 ET - Pressemitteilung

Die Silbergehalte in DHK-27 sind die höchsten und umfangreichsten, die bisher in der Lagerstätte Santa Barbara durchteuft wurden.  50 % dieses 860 m langen Bohrlochs, das von Huayra Kasa genau nach Westen bei -45 Grad gebohrt wurde, ergab meldepflichtige Abschnitte mit durchschnittlich 172,09 g Ag-Äq/t.
Die Löcher DHK-26, DHK-28, DHK-29, DHK-30 und DSB-42, die mehrere Abschnitte ergaben, sind zusätzliche Löcher, die im Gebiet Huayra Kasa gebohrt wurden und den östlichen Rand der hochgradigen Zone bei Santa Barbara erprobten.  Zu den Highlights gehören:
222,51 g Ag-Äq/t (28,44 g Ag/t, 3,11 % Zn und 0,26 % Pb) auf 53,90 m und 99,76 g Ag-Äq/t (32,59 g Ag/t, 0,11 g Au/t und 0,54 % Zn) auf 82,38  m (DHK-26).
79,22 g Ag-Äq/t (26,62 g Ag/t, 0,35 % Zn und 0,35 % Pb) auf 141,56 m, einschließlich 162,77 g Ag-Äq/t (67,00 g Ag/t, 0,55 % Zn und 1,30 % Pb) auf 23,85 m (  DHK-28).
176,28 g Ag-Äq/t (19,10 g Ag/t, 2,29 % Zn und 0,27 % Pb) auf 21,30 m und 82,48 g Ag-Äq/t (5,07 g Ag/t, 0,21 g Au/t, 0,78 % Zn und 0,18 %  Pb) über 69,18 m (DHK-29).
130,69 g Ag-Äq/t (7,19 g Ag/t, 1,83 % Zn und 0,48 % Pb) auf 42,17 m und 129,98 g Ag-Äq/t (19,71 g Ag/t, 1,50 % Zn und 0,57 % Pb) auf 72,31 m einschließlich  ein höhergradiger Anteil von 208,42 g Ag-Äq/t (33,10 g Ag/t, 2,37 % Zn und 1,00 % Pb) auf 34,64 m (DSB-42).
Schlitzprobennahmen der Mina1- und Mina2-Untertagearbeiten im südlichen Teil des Konzessionsgebiets, etwa 2 km südsüdöstlich des Santa-Barbara-Stollens, ergaben signifikante Werte in Ader-Brekzien wie folgt:
153,94 g Ag-Äq/t (55,03 g Ag/t, 0,11 g Au/t, 0,7 % Zn, 0,16 % Pb und 0,08 % Sn) über 145,95 m des nach Nordwesten verlaufenden Stollens, einschließlich eines hochgradigeren Teils von 285,16 g Ag-Äq  /t (120,18 g Ag/t, 0,25 g Au/t 1,23 % Zn, 0,30 % Pb und 0,13 % Sn) auf 56,34 m in Mina 1.
382,79 g Ag-Äq/t (15,67 g Ag/t, 1,70 g Au/t, 2,20 % Zn und 0,75 % Pb) auf 68,53 m in einem von Ost nach West verlaufenden Querschnitt in Mina 2. Ein zweiter kürzerer Querschnitt auf einer sekundären subparallelen Struktur  etwa 20 m südlich ergaben sich 475,78 g Ag-Äq/t (69,31 g Ag/t, 0,26 g Au/t, 5,62 % Zn und 1,92 % Pb) auf 26,67 m in Mina 2.
Bohrungen durch das Tal der Iska-Iska-Caldera weisen darauf hin, dass dieses Gebiet von einer grobkörnigen porphyritischen dazitischen Intrusion unterlagert wird, die gut mit Ag, Zn und Pb mineralisiert ist und die wahrscheinliche Quelle der ausgedehnten epithermalen Mineralisierung in Santa Barbara und Central Breccia ist  Bereiche.
Der Porphyr, der jetzt als Iska-Iska-Porphyr bezeichnet wird, ist etwa 800 m x 600 m groß und zeichnet sich durch das Fehlen einer Zinnmineralisierung aus, obwohl in der nahen Umgebung reichlich Zinn vorhanden ist.
Das Zinn bei Iska Iska ist wahrscheinlich das Produkt eines früheren Zinn-Porphyrs mit höheren Temperaturen und einer tieferen Schicht, der von der späteren Porphyr-epithermalen Ag-Zn-Pb-Mineralisierung auf höherer Ebene überlagert wurde, die mit dem Iska-Iska-Porphyr in Verbindung steht.
Die Definitionsbohrungen haben das Volumen der hochgradigen Zone, die durch das Schalenmodell mit einem Gehalt von >90 g Ag-Äq/t definiert wurde, auf etwa 1.000 m entlang des Streichens, 800 m breit und bis in eine Tiefe von 1.100 m mehr als verdoppelt.  Diese Zone ist nach Süden, Westen und Nordwesten sowie in die Tiefe offen.
Eloro arbeitet eng mit Micon International zusammen, um alle Daten bereitzustellen, die für die Schätzung der ersten Mineralressourcenschätzung erforderlich sind, die für Ende des ersten Quartals 2023 geplant ist.
Magnetische inverse Modellierung und begrenzte Tiefenbohrungen deuten darauf hin, dass der große Zinnporphyr wahrscheinlich unterhalb des Iska-Iska-Porphyrs und im Süden und Südwesten in den Gebieten Porco und Mina Casiterita liegt.
Der Zinnporphyr wird im Jahr 2023 ein Hauptaugenmerk der Exploration sein