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Eloro Resources Reports Final Phase-Two Drill Results, Expanding Higher-Grade Mineralization at Iska Iska

By Burstable Editorial Team

TL;DR

Eloro Resources' expanded higher-grade zones at Iska Iska could enhance its mineral resource estimate, offering investors a competitive edge in silver-tin-polymetallic mining.

Eloro Resources completed 8,286.40 meters of drilling across sixteen holes, confirming mineralization in previously modeled waste areas to upgrade the Mineral Resource Estimate.

Eloro Resources' discovery of expanded mineralization at Iska Iska supports sustainable resource development, potentially boosting local economies in Bolivia through responsible mining practices.

Eloro Resources found significant silver-tin-polymetallic mineralization in waste areas at Iska Iska, revealing unexpected mineral wealth in southern Bolivia's Potosi Department.

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Eloro Resources Reports Final Phase-Two Drill Results, Expanding Higher-Grade Mineralization at Iska Iska

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 indicates the potential for increased resource confidence and economic viability at Iska Iska, which is classified as a polymetallic epithermal-porphyry complex. The property is road-accessible and royalty-free, located in the Potosi Department of southern Bolivia.

The implications of these findings extend beyond the immediate project. For investors and the mining sector, the confirmation of expanded higher-grade mineralization suggests potential for enhanced project economics and resource growth. The results could influence future development decisions and attract additional interest in Bolivian mining projects. The company has an option to acquire a 100% interest in the Iska Iska Property, and a recent NI 43-101 technical report on the project, completed by Micon International Limited, is available on Eloro's website and under its filings on SEDAR.

For readers following resource development, these results represent a critical step in advancing the Iska Iska Project toward potential production. The expanded higher-grade footprint could lead to more efficient mining operations and improved financial metrics in future economic studies. The full press release detailing these results can be viewed at https://ibn.fm/obxAE. Additional information about the company is available at https://www.EloroResources.com, while the latest news and updates relating to ELRRF are accessible in the company's newsroom at https://ibn.fm/ELRRF.

The broader impact of this announcement includes potential contributions to local economic development in Bolivia through mining activity and the advancement of understanding of polymetallic epithermal-porphyry systems. As global demand for silver, tin, and other polymetallic resources continues, successful exploration and development projects like Iska Iska play a role in securing future supply chains. The results from this phase-two program provide concrete data that will inform subsequent technical studies and development planning for the property.

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Burstable Editorial Team

Burstable Editorial Team

@burstable

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