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GlobeNewswire·

Eloro Resources Ltd. Intersects the Longest Zinc Interval to Date at its Iska Iska Project, Potosí Department, Bolivia with 456 Metres Grading 1.72% Zn including 190.5m grading 2.35% Zn in Hole DSB-88

ELRRF
  • Eloro Resources Ltd. announced assay results from two step-out drillholes, DSB-88 & DSB-89, within the second phase definition diamond drilling program at the Santa Barbara zone of the Iska Iska project.
  • Hole DSB-88 intersected the longest zinc interval to date at Iska Iska with 1.72% Zn over 456m, located outside current resource limits & expanding the Silver-Zinc (Ag-Zn) Epithermal Domain.
  • Hole DSB-89, collared 50m northwest of DSB-88, intersected multiple high-grade intervals including 13.50m grading 74.64 g/t Ag, 0.24% Sn & 0.81% Pb.
  • Additional significant intersections in DSB-89 included 19.50m grading 41.52 g/t Ag, 0.88% Zn & 33.00m grading 28.96 g/t Ag, 2.36% Zn, 0.75% Pb.
  • Deeper sections of DSB-89 revealed 16.50m grading 81.94 g/t Ag, 1.78% Pb, 1.37% Zn, 0.15% Sn & 118.50m grading 1.31% Zn, 0.68% Pb.
  • A total of 6,756m of diamond drilling has been completed across 14 holes in the current definition phase, with 3,371m reported & assay results pending for one remaining hole.
  • Drill results indicate the deposit remains open to the east & successfully infills areas previously characterized as waste in the Mineral Resource Estimate (MRE).
  • Executive Vice President Dr. Osvaldo Arce noted the results expand the footprint of both the higher-grade Sn-Ag domain to the west & the Ag-Zn-Polymetallic domain to the east.
  • The project hosts two giant near-surface mineral deposits juxtaposed against each other, potentially allowing mining from a single large starter pit with a low stripping ratio.
  • The Polymetallic (Ag-Zn-Pb) Domain is estimated to contain 560Mt of inferred resources at 13.8 g Ag/t, 0.73% Zn, 0.28% Pb, while the Tin (Sn-Ag-Pb) Domain contains 110Mt at 0.12% Sn, 14.2 g Ag/t.
  • Qualified Person Dr. Osvaldo Arce reviewed & approved the technical content of the release, which utilized ALS & AHK accredited laboratories for sample analysis.
  • Eloro retains an option to earn a 100% interest in the Iska Iska property, located 48 km north of Tupiza, Bolivia, which is road-accessible & royalty-free.