Due to the multi-metal nature of the deposit, the resources are reported using Net Smelter Return cut-off values which are as follows: Polymetallic Domain = US$9.20/t for open pit mining and US$34.00/t for underground mining; Tin Domain = US$6.00/t for OP mining. Costs have been significantly reduced due to the major impact of the positive [...]
Eloro Resources Ltd. is pleased to announce commencement of a preliminary economic assessment for the Iska Iska silver-tin polymetallic project in the Potosi Department of southwestern Bolivia. The PEA study will consider the inferred mineral resource estimate of 560 million tonnes grading 13.8 g Ag/t, 0.73% Zn and 0.28% Pb in the Polymetallic [...]
The Watchlist by The Market Herald has announced the release of a new interview with Eloro Resources discussing their latest news. The Watchlist by The Market Herald provides investors with a quick snapshot of what they need to know about the company's latest press release through exclusive insights and interviews with company executives. Eloro [...]
Total in situ metal estimated to be 298 million ounces Ag, 4.09 million tonnes Zn, 1.74 million tonnes Pb and 130,000 tonnes Sn totalling 1.15 billion ounces silver equivalent. Due to the multi-metal nature of the deposit, the resources are reported using Net Smelter Return cut-off values which are as follows: Polymetallic domain = US$9.20/t for [...]
Tin mineralization at Casiterita is located 2km southwest of the Santa Barbara deposit indicating that the overall Iska Iska mineralizing system is much more extensive, as predicted from geophysical data. Further drilling is required to fully evaluate this prospective target area. Holes DHK-31, DSB-53 and DSB-54, drilled to fill-in gaps in drill [...]
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 [...]