Eloro Resources Announces the Launching of the Documentary Film “Viva Tupiza! Viva Bolivia!”
15 Julio 2024 - 6:00AM
Eloro Resources Ltd. (TSX: ELO; OTCQX: ELRRF; FSE:
P2QM) (“Eloro”, or the “Company”) is pleased to announce,
in collaboration with the Canadian Bolivian Chamber of Commerce,
the release of “Viva Tupiza! Viva Bolivia!” a short documentary
produced and filmed in Bolivia in the Tupiza area where Eloro’s
Iska Iska silver-tin polymetallic project is located.
Eloro’s CEO, Thomas Larsen, commented: “The
working relationship that has developed in recent years between the
Company, community and government in Bolivia is strong and built on
mutual respect. The documentary showcases the high regard that
Eloro and its Bolivian subsidiary have for the community and
government, together with the optimism and ‘win-win’ outlook that
all of the parties share. Our positive relationship with our
Bolivian partners is our highest priority and we are fortunate to
be working in a country that welcomes foreign investment and is
mining-friendly.”
The documentary can be accessed on Eloro’s
website via the following link:
https://elororesources.com/news-and-media/media/
About Iska Iska
Iska Iska silver-tin polymetallic project is a
road accessible, royalty-free property, wholly controlled by the
Title Holder, Empresa Minera Villegas S.R.L. and is located 48 km
north of Tupiza city, in the Sud Chichas Province of the Department
of Potosi in southern Bolivia. Eloro has an option to earn a 100%
interest in Iska Iska.
Iska Iska is a major silver-tin polymetallic
porphyry-epithermal complex associated with a Miocene possibly
collapsed/resurgent caldera, emplaced on Ordovician age rocks with
major breccia pipes, dacitic domes and hydrothermal breccias. The
caldera is 1.6km by 1.8km in dimension with a vertical extent of at
least 1km. Mineralization age is similar to Cerro Rico de Potosí
and other major deposits such as San Vicente, Chorolque, Tasna and
Tatasi located in the same geological trend.
Eloro began underground diamond drilling from
the Huayra Kasa underground workings at Iska Iska on September 13,
2020. On November 18, 2020, Eloro announced the discovery of a
significant breccia pipe with extensive silver polymetallic
mineralization just east of the Huayra Kasa underground workings
and a high-grade gold-bismuth zone in the underground workings. On
November 24, 2020, Eloro announced the discovery of the SBBP
approximately 150m southwest of the Huayra Kasa underground
workings.
Subsequently, on January 26, 2021, Eloro
announced significant results from the first drilling at the SBBP
including the discovery hole from 0.0m to 257.5m. Subsequent
drilling has confirmed significant values of Ag-Sn polymetallic
mineralization in the SBBP and the adjacent CBP. A substantive
mineralized envelope which is open along strike and down-dip
extends around both major breccia pipes. Continuous channel
sampling of the Santa Barbara Adit located to the east of SBBP
returned 164.96 g Ag/t, 0.46%Sn, 3.46% Pb and 0.14% Cu over 166m
including 446 g Ag/t, 9.03% Pb and 1.16% Sn over 56.19m. The west
end of the adit intersects the end of the SBBP.
Since the initial discovery hole DHK-15 which
returned 29.53g Ag/t, 0.078g Au/t, 1.45%Zn, 0.59%Pb, 0.080%Cu and
0.056%Sn over 257.5m, Eloro has released a number of significant
drill results in the SBBP and the surrounding mineralized envelope
which along with geophysical data has defined an extensive target
zone. On October 17, 2023, Eloro filed the NI 43-101 Technical
Report outlining the initial inferred MRE for Iska Iska, prepared
by Micon International Limited. The MRE was reported in two
domains, the Polymetallic (Ag-Zn-Pb) Domain which is primarily in
the east and south of the Santa Barbara deposit and the Tin
(Sn-Ag-Pb) Domain which is primarily in the west and north. The
Polymetallic Domain is estimated to contain 560Mt at 13.8 g Ag/t,
0.73% Zn & 0.28% Pb at an NSR cutoff of US$9.20 for potential
open pit and an NSR cutoff of US$34.40 for potential underground.
The majority of the mineral resource is contained in the
constraining pit which has a stripping ratio of 1:1.
The Polymetallic Domain contains a higher-grade
mineral resource at a NSR cutoff of $US25/t of 132 million tonnes
at 1.11% Zn, 0.50% Pb and 24.3 g Ag/t which has a net NSR value of
US$34.40/t which is 3.75 the estimated operating cost of US$9.20/t.
The Tin Domain which is adjacent the Polymetallic Domain and does
not overlap, is estimated to contain a mineral resource of 110Mt at
0.12% Sn, 14.2 g Ag/t and 0.14% Pb but is very under drilled.
The Company has completed a 5,267.7m definition
drill program to upgrade and expand the higher-grade mineral
resource in the Polymetallic Domain and has commenced a preliminary
economic evaluation (PEA) led by Lycopodium.
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 km south of the Lagunas
Norte Gold Mine and the La Arena Gold Mine.
For further information please contact
either Thomas G. Larsen, Chairman and CEO or Jorge Estepa,
Vice-President at (416) 868-9168.
Information in this news release may contain
forward-looking information. Statements containing forward-looking
information express, as at the date of this news release, the
Company’s plans, estimates, forecasts, projections, expectations,
or beliefs as to future events or results and are believed to be
reasonable based on information currently available to the Company.
There can be no assurance that forward-looking statements will
prove to be accurate. Actual results and future events could differ
materially from those anticipated in such statements. Readers
should not place undue reliance on forward-looking information.
Neither the TSX nor its Regulation Services
Provider (as that term is defined in the policies of the TSX)
accepts responsibility for the adequacy or accuracy of this
release.
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