Eloro Resources Ltd. (TSX.V: ELO) (OTCQX: ELRRF) (FSE: P2QM) has taken a significant step toward acquiring the Iska Iska silver-tin polymetallic project in southern Bolivia by making a US$1.5 million option payment to Empresa Minera Villegas S.R.L. This payment is part of a US$10 million option agreement that includes a US$1.8 million credit for exploration work on the nearby Mina Casiterita property. The final cash payment of US$1.15 million is due by January 6, 2026.
The Iska Iska project is classified as a polymetallic epithermal-porphyry complex, a significant mineral deposit type in the Potosi Department. This acquisition could enhance Eloro Resources' portfolio and contribute to the global supply of critical minerals. The project's accessibility and royalty-free status add to its attractiveness for development.
For further details on the acquisition and its terms, visit https://ibn.fm/uhxYR. The completion of this acquisition hinges on regulatory approvals and the fulfillment of payment obligations, including the issuance of 200,000 common shares upon property transfer.
