Eloro Resources (TSXV: ELO) appears to have the big news of the day in terms of assay results. The company this morning issued results on a total of 21 drill results from the Iska Iska silver-tin project in southern Bolivia.
Highlight results come from five surface drill holes as well as two underground holes, which were focused on testing the high grade feeder zone at Santa Barbara. Results include:
- DSB-29: 14.31 g/t silver, 0.08 g/t gold, 0.81% zinc, 0.40% lead, 0.08% antimony (108.31 g/t silver equivalent) over 110.40 metres
- DSB-30: 9.45 g/t silver, 1.53% zinc, 0.88% lead (150.47 g/t silver equivalent) over 331.21 metres, including 10.06 g/t silver, 2.76% zinc, 0.98% lead (209.30 g/t silver equivalent) over 102.30 metres
- DSB-32: 44.55 g/t silver, 0.57% lead, 0.14% copper, 0.25% antimony (185.94 g/t silver equivalent) over 135.15 metres
The drilling data released this morning has extended the strike length of the high grade zone by 250 metres along strike, with the current model suggesting the zone may extend by up to 1,000 metres in total. This would bring the total strike length to up to 2,000 metres.
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“The results presented in this press release, combined with the enhanced geological and geophysical interpretation, show the continuing expansion of the already extensive Iska Iska high-grade mineralized system, which has a potential strike length of at least 2km. The new data demonstrate excellent potential to outline a major open pittable deposit in the valley of the Iska Iska caldera,” commented Tom Larsen, CEO.
The company added that the estimated date for the completion of the firms maiden resource estimate has been pushed to the tail end of Q1 2023, with the firm delaying the estimate so that it can further drill test the target.
Eloro Resources last traded at $3.40 on the TSX Venture.
Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
