MiningNewsBreaks – Eloro Resources Ltd.’s (TSX.V: ELO) (OTCQX: ELRRF) (FSE: P2QM) Iska Iska Drilling Results Support Potential for High-Grade Silver and Tin

MiningNewsWire
Wednesday, October 5, 2022 at 2:55pm UTC

Eloro Resources (TSX.V: ELO) (OTCQX: ELRRF) (FSE: P2QM) today announced assay results from two additional diamond drill holes from its on-going drilling program at the Iska Iska silver-tin polymetallic project in the Potosi Department, southern Bolivia. According to the update, 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. “We are continuing our 100m-spaced sectional definition diamond drill program focusing on testing the south-southeastern extension of the high-grade feeder zone across the valley of the Iska Iska Caldera,” said Eloro’s EVP, Exploration Dr. Bill Pearson, P.Geo. “Our aim is to complete this program by November so that assay results can be received by early Q1 2023 to facilitate completion of the inaugural NI 43-101 mineral resource by the end of Q1 2023. We are also continuing to work closely with GeologicAI and our mineralogists in Blue Coast Research and Lisa Can Analytical Solutions to calibrate the AI in the scanning system to track the mineral and metal zoning more accurately. The drilling results reported herein, as well as previous results, along with on-site work by Dr. Osvaldo Arce, P.Geo. and his geological team, support the potential for outlining significant zones of high-grade silver and high-grade tin. The high-grade silver is typically shallower whereas the high-grade tin is generally deeper. The remarkable feeder zone at Iska Iska continues to be open along strike and down-dip especially to the south-southeast and it likely extends across a width of least 500m for potentially as much as 2km along strike.”

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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 recent 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. For more information about the company, visit www.EloroResources.com

NOTE TO INVESTORS: The latest news and updates relating to ELRRF are available in the company’s newsroom at https://ibn.fm/ELRRF

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