Eloro Resources Ltd. (TSX.V: ELO) (OTCQX: ELRRF) (FSE: P2QM) announced additional assay results from step-out holes DSB-88 and DSB-89 in the Silver-Zinc-Polymetallic Domain of its Santa Barbara starter pit area at the Iska Iska Project. The results confirm continued mineralization open to the east, with notable intersections including 1.72% Zn over 456 meters in hole DSB-88 and 1.27% Zn, 24.51 g/t Ag, and 0.54% Pb over 154.50 meters in hole DSB-89. These are among the strongest intersections to date, highlighting the potential of the deposit.
CEO Tom Larsen stated that the drilling is expanding and upgrading resources ahead of the Preliminary Economic Assessment (PEA). Executive VP Dr. Osvaldo Arce emphasized that the Iska Iska property hosts two near-surface deposits potentially mineable from one large starter pit with a low stripping ratio. The results are significant as they demonstrate the continuity and grade of the mineralization, which could enhance the economic viability of the project.
The Iska Iska Project, located in the Potosi Department of southern Bolivia, is classified as a polymetallic epithermal-porphyry complex. A recent NI 43-101 technical report by Micon International Limited is available on Eloro's website and under its filings on SEDAR. The property is road-accessible and royalty-free, which may reduce development costs.
Eloro Resources also holds an 82% interest in the La Victoria Gold/Silver Project in Peru. The company's focus remains on advancing the Iska Iska deposit, which has shown potential for significant polymetallic production. The latest drill results are expected to contribute to the upcoming PEA, which will provide a preliminary assessment of the project's economic feasibility.
For more information, visit the company's newsroom at https://ibn.fm/ELRRF and the full press release at https://ibn.fm/MSLZS.
