Eloro Resources Ltd. is pleased to announce that, by mutual agreement with Empresa Minera Villegas S.R.L. , the title holder of the Iska Iska silver-tin polymetallic project in the Potosi Department, southern Bolivia , the payment schedule in connection with the US$10 million payment required for Eloro to earn a 99% interest in Iska Iska has been [...]
This intersection in hole DSB-30 includes a higher-grade portion grading 209.30 g Ag eq/t over 102.30m. This hole has the longest continuously mineralized intersection obtained in drilling thus far. Hole DSB-32, drilled on-section to the southeast with hole DSB-30 intersected 185.94 g Ag eq/t over 135.15m including a higher-grade section of 277.34 [...]
Eloro Resources is pleased to announce assay results from two (2) additional diamond drill holes from its on-going drilling program at the Iska Iska silver-tin polymetallic project. Hole DSBU-10 is an underground hole drilled at azimuth 400 at -600 dip across the higher-grade feeder zone. Hole DHK-24 is a surface drill hole collared near Huayra [...]
Eloro Resources Ltd. is pleased to announce assay results from an additional two (2) diamond drill holes from its on-going drilling program at the Iska Iska silver-tin polymetallic project. Hole DSBS-02 is a surface hole drilled due north at -300 from the south side of Santa Barbara across the higher-grade likely feeder zone. Hole DPC-09 is the [...]
Eloro Resources is pleased to provide an update on its preliminary metallurgical testwork program for the Iska Iska silver-tin polymetallic project. The work program including testwork for development of a preliminary metallurgical flowsheet and preliminary mineralogical characterization, is being carried out by Blue Coast Research Ltd. The [...]
Eloro Resources is pleased to announce that Mr. Peter Marrone, a shareholder of Eloro, has agreed to serve as an independent advisor to provide support and strategic advice to management on matters of project advancement and business development in relation to its Iska Iska project. Peter Marrone is Executive Chairman of Yamana Gold Inc., which he [...]
Eloro Resources is pleased to announce assay results from an additional four (4) diamond drill holes from its on-going drilling program at the Iska Iska silver-tin polymetallic project. Holes DSBU-08, DSBU-07 and DSBU-04 are underground holes drilled from the Santa Barbara adit to test the southwestern and southern extension of the higher-grade [...]
Eloro Resources is pleased to announce that it has closed its previously announced bought deal financing of 3,007,710 units of the Company (the "Units") at a price of C$3.25 per Unit for gross proceeds to the Company of C$9,775,057.50. The Offering was underwritten on a bought deal basis by Cormark Securities Inc. as underwriter, pursuant to an [...]
Eloro Resources Ltd. is pleased to announce that in connection with its previously announced bought deal financing, the Company and Cormark Securities Inc., have agreed to increase the size of the previously announced financing. The Underwriter has agreed to purchase, on a bought deal basis, 2,615,400 units of the Company at a price of C$3.25 per [...]
Eloro Resources Ltd. is pleased to announce that it has entered into an agreement with Cormark Securities Inc. to act as sole underwriter , pursuant to which the Underwriter has agreed to purchase, on a bought deal basis, 1,538,480 units at a price of C$3.25 per Unit for gross proceeds to the Company of C$5,000,060 . Each Unit will consist of one [...]
Eloro Resources is pleased to announce that it has filed on SEDAR an updated technical report on the Company’s Iska Iska silver-tin polymetallic project, prepared by Micon International Ltd and in accordance with National Instrument 43-101. Eloro also announces that it has filed a final short form base shelf prospectus with the securities [...]
Includes a higher-grade section in this underground hole DSBU-06 of 314.52 g Ag eq/t over 50.68m and an additional intersection of 110.57 g Ag eq/t over 128.44m further down the hole. Overall, for DSBU-06, 86% of this 599.8m long hole had reportable intersections, which collectively average 129.70 g Ag eq/t. Underground hole DSBU-05 on the same due [...]