Eloro Resources (TSX.V: ELO) (OTCQX: ELRRF) (FSE: P2QM), a leading exploration and mine development company, has announced the final results of its bulk metallurgical test program on the Iska Iska silver-tin polymetallic project in the Potosi Department of southwestern Bolivia. According to the report, metallurgical tests from a 6.3 tonne PQ drill core bulk sample returned a significantly higher average silver value, suggesting that the average silver grade is likely underreported in the original report. The testing also confirmed the viability of “ore-sorting” and dense media separation at the project. In addition, excellent preconcentration results from the higher grade polymetallic domain are now proven. The report noted that the introduction of the preconcentration stage allows Eloro to have more operational flexibility based upon conducting economic trade-off scenarios between reducing downstream capital-operating costs and optimizing overall metal recoveries. The report observed that tin (“Sn”) could potentially contribute to the enhanced values in the initial Preliminary Economic Assessment (“PEA”) with additional metallurgical testing and infill drilling. “The substantive difference in average silver grade in the bulk sample compared to the twinned holes strongly suggests that the silver grade in the two original twinned holes is likely significantly underreported due to the much smaller sample size,” said Eloro Resources CEO Tom Larsen in the press release.
“The recently released results from the definition drill program in the same general area within the initial MRE, which yielded a number of higher-grade Ag intersections, also reflected in the improved silver grade equivalent values, further supports this underreported silver grade conclusion. These results highlight the fact that tighter-spaced drilling is required to have a more representative sampling of high-grade areas in the Iska Iska deposit to obtain a more accurate estimate of the likely true overall grade. While the initial test program focused on the higher-grade part of the polymetallic domain as this is where the bulk of the current mineral resource is, further testwork is planned on the tin domain, which is very underdrilled. The recent definition drilling reported significant Sn results, and it is expected that additional definition drilling will expand and upgrade the tin resource so that it can potentially be included in the Preliminary Economic Assessment in progress.”
To view the full press release, visit https://ibn.fm/S9AEd
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 100% 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 kilometers south of the 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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