Eloro Resources Ltd. is pleased to announce that it has closed its previously announced bought deal financing, including the exercise in full of the over-allotment option by the Underwriters, of 2,191,280 units of the Company at a price of C$3.15 per Unit for gross proceeds to the Company of C$6,902,532 . The Offering was underwritten on a bought [...]
Eloro Resources Ltd. is pleased to announce that it has amended the terms of its previously announced bought deal financing to increase the size of the offering to $6.0 million . Under the terms of the Upsized Offering, Haywood Securities Inc. and Cantor Fitzgerald Canada Corporation, as co-lead underwriters and joint-bookrunners , have agreed to [...]
Eloro Resources Ltd. is pleased to announce that it has entered into an agreement with Haywood Securities Inc. to act as co-lead underwriter and joint bookrunner, together with Cantor Fitzgerald Canada Corporation as co-lead underwriter and joint bookrunner and a syndicate of underwriters , pursuant to which the Underwriters have agreed to [...]
Preliminary tests at TOMRA in Germany indicate the mineralization at Iska Iska is amenable to "ore-sorting" with removal of at least 40% of the waste in the Polymetallic Domain and up to 80% in the Tin Domain which would substantially increase concentrator feed grades as well as reduce future operating costs and significantly lower the cut off [...]
Holes DSB-50, DSB-51 and DSB-52, the southernmost holes that tested the potential south-southeastern extension of the High-Grade Zone at Santa Barbara, each returned well mineralized intersections over 100m core length as follows: 86.67g Ag eq/t over 105.42m including 193.50 g Ag eq/t over 10.57m 103.03g Ag eq/t over 143.06m including 175.06 g Ag [...]
Eloro Resources Ltd. is pleased to provide an update on its ongoing preliminary metallurgical testwork program for the Iska Iska silver-tin polymetallic project in the Potosi Department, southern Bolivia. The ongoing work, including flowsheet development testwork and mineralogical characterization, is being carried out by Blue Coast Research Ltd [...]
Eloro Resources Ltd. is pleased to announce that its common shares will commence trading on the Toronto Stock Exchange at the opening of the market on Monday, March 6, 2023 under its current trading symbol "ELO". Concurrently with the listing on the TSX, the Company's shares will be delisted from the TSX Venture Exchange. Thomas Larsen, Eloro's [...]
Eloro Resources Ltd. is pleased to announce that it has obtained conditional approval to list its common shares on the Toronto Stock Exchange . Eloro shares will trade under the TSX trading symbol "ELO". The listing is subject to the Company fulfilling certain requirements of the TSX in accordance with the terms of its conditional approval letter [...]
Magnetic data strongly suggest that a large intrusive body lies below the Iska Iska Caldera Complex and that it is nearer to surface on the Casiterita property. This intrusive is approximately 5km long by 3 km wide. Diamond drilling and geophysical surveys are in progress to test for a potential major tin porphyry south of Iska Iska and on the [...]
Eloro Resources Ltd. announces it has granted an aggregate of 300,000 restricted share units to its senior officers pursuant to the Company's Long Term Incentive Plan. The Company's Long Term Investment Plan aims to compensate and reward its directors, officers, consultants and employees for working towards the Company's long-term objectives, in [...]
The silver grades in DHK-27 are the highest and most extensive yet intersected in the Santa Barbara deposit. 50% of this 860m long hole, drilled from Huayra Kasa due west at -45 degrees, returned reportable intersections averaging 172.09 g Ag eq/t. Holes DHK-26, DHK-28, DHK-29, DHK-30 and DSB-42, which returned multiple intersections, are [...]
Eloro Resources Ltd. announces that it has closed today its previously announced bought deal financing . Pursuant to the Offering, Eloro issued 3,466,530 units of the Company at a price of C$3.15 per Unit for total gross proceeds of C$10,919,570. This includes 266,530 Units issued in connection with the partial exercise of the over-allotment option [...]
