FAQ: Eloro Resources' Santa Barbara Mineral Expansion at Iska Iska Project
Summary
Eloro Resources reported strong step-out drill results from its Santa Barbara starter pit area at the Iska Iska Project, confirming continued mineralization expansion to the east with robust zinc, silver, and lead intersections. These results are expanding and upgrading resources ahead of the Preliminary Economic Assessment, supporting the potential for two near-surface deposits mineable from one large starter pit.
What are the key drill results reported by Eloro Resources?
The company reported assay results from holes DSB-88 and DSB-89, including 1.72% Zn over 456m in hole DSB-88 and 1.27% Zn, 24.51 g/t Ag, and 0.54% Pb over 154.50m in hole DSB-89, among the strongest intersections to date.
Where is the Santa Barbara mineralization located?
The mineralization is in the Silver-Zinc-Polymetallic Domain of the Santa Barbara starter pit area at the Iska Iska Project in the Potosi Department of southern Bolivia, which is a road-accessible, royalty-free property.
Why are these drill results significant for Eloro Resources?
These results confirm continued mineralization open to the east and are expanding and upgrading resources ahead of the Preliminary Economic Assessment, indicating strong potential for resource growth and development.
What did company executives say about these results?
CEO Tom Larsen stated the drilling is expanding and upgrading resources ahead of the Preliminary Economic Assessment, while Executive VP Dr. Osvaldo Arce noted that Iska Iska hosts two near-surface deposits potentially mineable from one large starter pit with a low stripping ratio.
What type of mineral deposit is Iska Iska classified as?
Iska Iska can be classified as a polymetallic epithermal-porphyry complex, which is a significant mineral deposit type in the Potosi Department of southern Bolivia.
Where else does Eloro Resources have mining properties?
Eloro has a portfolio of gold and base-metal properties in Bolivia, Peru and Quebec, including an 82% interest in the La Victoria Gold/Silver Project in Peru’s north-central mineral belt, located about 50 kilometers south of the Lagunas Norte Gold Mine and La Arena Gold Mine.
How can I view the full press release?
The full press release is available at https://ibn.fm/MSLZS
Where can I find more information about Eloro Resources?
More information about the company is available at www.EloroResources.com and the latest news and updates relating to ELRRF are available in the company’s newsroom at https://ibn.fm/ELRRF
What is the significance of the Preliminary Economic Assessment mentioned?
The drilling results are expanding and upgrading resources ahead of the Preliminary Economic Assessment, which is a crucial step in evaluating the economic viability and development potential of the mineral deposits.
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