- Eloro Resources Ltd. (ELO) has intersected high-grade silver from two additional drill holes during its ongoing expansion program at the Iska Iska Project in Bolivia
- The holes tested for a southward extension at a known high-grade feeder zone
- Data confirmed an extension of the length by a further 250 metres along strike
- Eloro believes mineralization may extend a further two kilometres
- Eloro Resources Ltd. (ELO) is up 5.59 per cent, trading at $3.59 per share as of 12:26 p.m. ET
Eloro Resources (ELO) has intersected high-grade silver from two drill holes during its ongoing expansion program at the Iska Iska Project in Bolivia.
The company stated drill hole DSB-31 tested a potential south-southeastern extension of the already known high-grade feeder zone at Santa Barbara. The second hole, DSB-33, tested the southwest limit of the zone near the central breccia.
Tom Larsen, CEO of Eloro, commented,
“Hole DSB-31 and Hole DSB-33 continue to confirm high-grade values of metals, especially silver, to the south-southeast and tin to the southwest of the ever-expanding Santa Barbara feeder system… surveys have been remarkable as a tool in determining where these highly conductive areas of potential commercial mineralization are located.”
The new data confirmed a significant extension of the length by a further 250 metres along strike to the south-southeast. Eloro’s 3D model indicated the high-grade feeder zone may extend even further for a total potential length of at least two kilometres.
Eloro shared that its definition drill program was modified to sectionally drill this potential extension with the intention of defining a major open-pit deposit in the valley of the caldera. Due to this, the estimated completion date for the maiden mineral resource has been pushed back to early 2023.
Overall, the company has completed 77,182 metres of drilling in 119 holes at Iska Iska, including four holes currently being worked on.
Eloro Resources Ltd. (ELO) is up 5.59 per cent, trading at $3.59 per share as of 12:26 p.m. ET.