Eloro Resources Ltd. has reported robust step-out drilling results from its Santa Barbara starter pit area at the Iska Iska Project in Bolivia, confirming continued mineralization expansion to the east. The company announced assay results from holes DSB-88 and DSB-89 in the Silver-Zinc-Polymetallic Domain, with DSB-88 intersecting 1.72% zinc over 456 meters and DSB-89 returning 1.27% zinc, 24.51 grams per tonne silver, and 0.54% lead over 154.50 meters. These represent some of the strongest mineral intersections recorded to date at the property.
The significance of these results lies in their potential to substantially upgrade and expand the mineral resource base ahead of the upcoming Preliminary Economic Assessment. According to CEO Tom Larsen, the ongoing drilling program is successfully expanding and upgrading resources, which could positively impact the project's economic evaluation. Executive Vice President Dr. Osvaldo Arce emphasized that the Iska Iska property hosts two near-surface deposits potentially mineable from one large starter pit with a low stripping ratio, enhancing the project's economic attractiveness.
The Iska Iska Project represents a polymetallic epithermal-porphyry complex, a significant mineral deposit type in Bolivia's Potosi Department. Eloro holds an option to acquire 100% interest in this road-accessible, royalty-free property. A recent NI 43-101 technical report completed by Micon International Limited is available on Eloro's website at https://www.EloroResources.com and through SEDAR filings, providing detailed geological and technical information about the project's potential.
For investors and industry observers, these results demonstrate continued project advancement and de-risking of the asset. The consistent mineralization expansion suggests potential for increased resource estimates and improved project economics in the forthcoming Preliminary Economic Assessment. The company's broader portfolio includes an 82% interest in the La Victoria Gold/Silver Project in Peru, located approximately 50 kilometers south of established mining operations including the Lagunas Norte Gold Mine and La Arena Gold Mine.
The latest corporate developments and technical updates relating to Eloro Resources are available through the company's newsroom at https://ibn.fm/ELRRF, providing stakeholders with ongoing access to project advancements and corporate announcements. The continued success in expanding mineralization at Santa Barbara reinforces the potential for Iska Iska to develop into a significant polymetallic mining operation in southern Bolivia.
