Eloro Resources Expands Santa Barbara Starter Pit at Iska Iska Project With Promising Drill Results
TL;DR
Eloro Resources' expanded Santa Barbara pit and high-grade intercepts offer investors a competitive edge in the growing tin and silver markets.
Eloro Resources drilled 6,242m across 12 holes, defining an 800m by 500m by 500m deep pit with assays pending for systematic resource evaluation.
Eloro's mineral discoveries in Bolivia support local economies and provide essential metals for sustainable technology and global development.
Eloro Resources hit a 213m intercept grading 0.51% tin and 25.46 g/t silver, revealing vast mineral potential at Iska Iska.
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Eloro Resources Ltd. (TSX.V: ELO) (OTCQX: ELRRF) (FSE: P2QM) has announced additional assay results from five definition drillholes at its Iska Iska project in Bolivia, which have expanded the footprint of the Santa Barbara starter pit to approximately 800 meters by 500 meters by 500 meters deep. The results, derived from holes in both the Polymetallic and Tin Domains, included long higher-grade intercepts, notably one of 213.00 meters grading 0.51% tin and 25.46 grams per tonne silver.
The ongoing definition drill program has now completed 6,242 meters across 12 holes, with assays pending for two holes. Management emphasized that the mineralized system remains open laterally and downdip, highlighting significant potential for further expansion and resource upgrades ahead of the planned preliminary economic assessment (PEA). This expansion underscores the project's robustness and the likelihood of increased mineral resources, which could enhance the economic viability and investment appeal of the Iska Iska property.
Eloro Resources has an option to acquire a 100% interest in the Iska Iska Property, classified as a polymetallic epithermal-porphyry complex, a significant mineral deposit type in the Potosi Department of southern Bolivia. A recent NI 43-101 technical report on Iska Iska, completed by Micon International Limited, is available on Eloro’s website at https://www.EloroResources.com and under its filings on SEDAR. The property is road-accessible and royalty-free, adding to its strategic advantages for development.
The implications of these results are substantial for the mining industry and investors, as they indicate a growing resource base that could support future mining operations, potentially contributing to local economic development in Bolivia and supplying critical metals like tin and silver to global markets. The expansion of the Santa Barbara starter pit footprint reinforces Eloro's position as a promising explorer in the region, with ongoing drilling expected to further delineate and upgrade resources, paving the way for advanced project evaluations and potential production decisions.
Curated from InvestorBrandNetwork (IBN)
