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 eq/t over 49.87m 123.28g Ag eq/t over 119.77m including 306.28 g Ag eq/t [...]
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. based in Parksville, British Columbia, and Mineral Concentration Laboratory [...]
Eloro Resources Ltd. is pleased to announce that its common shares will commence trading on the Toronto Stock Exchange at the opening of the market on Monday, March 6, 2023 under its current trading symbol "ELO". Concurrently with the listing on the TSX, the Company's shares will be delisted from the TSX Venture Exchange. Thomas Larsen, Eloro's CEO, stated, "We are pleased to have graduated to the premier Canadian [...]
Eloro Resources Ltd. is pleased to announce that it has obtained conditional approval to list its common shares on the Toronto Stock Exchange . Eloro shares will trade under the TSX trading symbol "ELO". The listing is subject to the Company fulfilling certain requirements of the TSX in accordance with the terms of its conditional approval letter dated February 22, 2023. The Company is actively proceeding to satisfy these [...]
Magnetic data strongly suggest that a large intrusive body lies below the Iska Iska Caldera Complex and that it is nearer to surface on the Casiterita property. This intrusive is approximately 5km long by 3 km wide. Diamond drilling and geophysical surveys are in progress to test for a potential major tin porphyry south of Iska Iska and on the adjacent Casiterita property. TORONTO, Feb. 14, 2023 -- [...]
Eloro Resources Ltd. announces it has granted an aggregate of 300,000 restricted share units to its senior officers pursuant to the Company's Long Term Incentive Plan. The Company's Long Term Investment Plan aims to compensate and reward its directors, officers, consultants and employees for working towards the Company's long-term objectives, in alignment with the shareholders' best interests. All of the RSUs granted have [...]
The silver grades in DHK-27 are the highest and most extensive yet intersected in the Santa Barbara deposit. 50% of this 860m long hole, drilled from Huayra Kasa due west at -45 degrees, returned reportable intersections averaging 172.09 g Ag eq/t. Holes DHK-26, DHK-28, DHK-29, DHK-30 and DSB-42, which returned multiple intersections, are additional holes collared in the Huayra Kasa area that tested the eastern margin of [...]
Eloro Resources Ltd. announces that it has closed today its previously announced bought deal financing . Pursuant to the Offering, Eloro issued 3,466,530 units of the Company at a price of C$3.15 per Unit for total gross proceeds of C$10,919,570. This includes 266,530 Units issued in connection with the partial exercise of the over-allotment option granted to the underwriters under the Offering. Each Unit comprises one [...]
Eloro Resources Ltd. is pleased to announce that it has entered into an agreement with Cantor Fitzgerald Canada Corporation to act as sole underwriter , pursuant to which the Underwriter has agreed to purchase, on a bought deal basis, 3,200,000 units at a price of C$3.15 per Unit for gross proceeds to the Company of C$10,080,000 . Each Unit will consist of one common share in the capital of the Company and one-half of one [...]
The headline intersection in hole METSBUG-03 drilled from the Santa Barbara adit, includes higher-grade portions of: 272.90g Ag eq/t over 16.57m. 199.68g Ag eq/t over 13.11m. 64% of this 707.8m long drill hole contains reportable intersections averaging 164.32 g Ag eq/t. Holes DSB-38, DSB-39 and DSB-40 tested the on-strike extension of the High Grade Feeder Zone at Santa Barbara to the south-southeast. These holes tested [...]
The Mina Casiterita and Mina Hoyada properties to be acquired cover 14.75 km2 southwest and west of Iska Iska. These properties connect with the TUP-3 and TUP-6 claims previously staked by Eloro. Eloro has also staked additional land in the area. Following the acquisition, the total land package in the Iska Iska area to be controlled by Eloro will total 1,935 quadrants covering 483.75 km2. Artisanal mining in the 1960's [...]
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 in the Potosi Department, southern Bolivia. One drill hole, DSB-36, collared 400m southeast of the Santa Barbara adit, tested the extension of the core of the high-grade feeder zone at Santa Barbara while hole DSB-34, tested the potential [...]