FAQ: Eloro Resources' Expansion of Santa Barbara Starter Pit at Iska Iska Project
Summary
What is the main announcement from Eloro Resources?
Eloro Resources reported additional assays from five definition drillholes at its Iska Iska project in Bolivia, expanding the Santa Barbara starter pit footprint to approximately 800m by 500m by 500m deep. The results included long higher-grade intercepts, such as 213.00m grading 0.51% tin and 25.46 g/t silver.
Why is this expansion significant for the Iska Iska project?
The expansion is significant because it demonstrates the project’s growing resource potential, with the system remaining open laterally and downdip, indicating opportunities for further expansion and resource upgrades. This progress supports the upcoming Preliminary Economic Assessment (PEA) and enhances the project’s viability.
How has the definition drill program progressed so far?
The ongoing definition drill program has completed 6,242 meters across 12 holes, with assays pending for two holes. This effort is part of Eloro’s strategy to better define the mineral resources at Iska Iska.
Where is the Iska Iska project located, and what type of deposit is it?
The Iska Iska project is located in the Potosi Department in southern Bolivia and is classified as a polymetallic epithermal-porphyry complex. It is a road-accessible, royalty-free property with significant mineral potential.
Who is involved in the technical reporting for Iska Iska?
Micon International Limited completed a recent NI 43-101 technical report on Iska Iska, which is available on Eloro’s website and under its filings on SEDAR. This report provides detailed information on the project’s mineral resources and prospects.
What other projects does Eloro Resources own?
Eloro Resources also owns an 82% interest in the La Victoria Gold/Silver Project in Peru, located about 50 kilometers south of the Lagunas Norte Gold Mine and the La Arena Gold Mine. This diversifies their portfolio across gold and base-metal properties in Bolivia, Peru, and Quebec.
How can investors access more information or updates about Eloro Resources?
Investors can visit Eloro’s website at www.EloroResources.com or check the company’s newsroom at https://ibn.fm/ELRRF for the latest news and updates. The full press release for this announcement is available at https://ibn.fm/IIoRb.
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