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Eloro Resources Reports Expanded Higher-Grade Mineralization at Iska Iska Project

By Burstable Editorial Team

TL;DR

Eloro Resources' drill results reveal expanded high-grade mineralization, potentially increasing resource estimates and offering investors an advantage in the silver-tin-polymetallic market.

Eloro Resources completed 8,286.40 meters of drilling across sixteen holes, intersecting significant mineralization in previously modeled waste areas at the Iska Iska Project in Bolivia.

This discovery could enhance mineral resource estimates, supporting sustainable mining development and economic opportunities in Bolivia's Potosi Department.

Eloro Resources found high-grade silver-tin-polymetallic mineralization in areas once considered waste, highlighting the unexpected potential of the Iska Iska Project.

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Eloro Resources Reports Expanded Higher-Grade Mineralization at Iska Iska Project

Eloro Resources Ltd. (TSX.V: ELO) (OTCQX: ELRRF) (FSE: P2QM) has reported assay results from the final two drill holes of its second phase definition program at the Iska Iska Project in southern Bolivia. The results confirm expanded higher-grade zones within both the Tin and Silver-Polymetallic domains in the Santa Barbara starter pit area. The completed phase totaled 8,286.40 meters across sixteen holes, all of which intersected significant mineralization in areas previously modeled as waste.

Management noted that the results demonstrate a larger endowment of higher-grade silver-tin-polymetallic mineralization that is expected to upgrade and expand the Mineral Resource Estimate for the planned Preliminary Economic Assessment (PEA). This development is significant for the mining industry as it suggests greater economic viability and resource potential at the Iska Iska property, which Eloro has an option to acquire a 100% interest in. The property is classified as a polymetallic epithermal-porphyry complex, a significant mineral deposit type in the Potosi Department.

The implications of these findings extend beyond the immediate project. For investors and the mining sector, the confirmation of expanded higher-grade mineralization could lead to increased resource estimates, potentially enhancing the project's economic profile and attracting further investment. The road-accessible, royalty-free nature of the Iska Iska property adds to its attractiveness for development. 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.

For the global market, the increased potential of silver, tin, and polymetallic resources at Iska Iska could contribute to supply chains for these critical metals, which are essential in various industries including electronics, renewable energy, and manufacturing. The results also highlight the ongoing exploration success in Bolivia's mineral-rich regions, potentially drawing attention to similar geological settings. The latest news and updates relating to ELRRF are available in the company's newsroom at https://nnw.fm/ELRRF.

The expansion of higher-grade zones may influence future mining strategies and resource calculations, impacting how similar projects are evaluated worldwide. As Eloro continues to advance its portfolio, which includes an 82% interest in the La Victoria Gold/Silver Project in Peru, these results underscore the importance of thorough exploration programs in unlocking mineral potential. The full press release detailing these findings can be viewed at https://nnw.fm/69ynr, providing further context for stakeholders and industry observers.

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Burstable Editorial Team

Burstable Editorial Team

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