Eloro Resources Ltd. has reported assay results from the final two drill holes of its second phase definition program at the Iska Iska Project in southern Bolivia, confirming expanded higher-grade zones within both the Tin and Silver-Polymetallic domains in the Santa Barbara starter pit area. The completed phase totaled 8,286.40 meters across sixteen holes, all of which intersected significant mineralization in areas previously modeled as waste.
Management noted that the results demonstrate a larger endowment of higher-grade silver-tin-polymetallic mineralization that is expected to upgrade and expand the Mineral Resource Estimate for the planned Preliminary Economic Assessment (PEA). This development is significant because it suggests the project contains more valuable mineralization than initially estimated, potentially improving the project's economic viability and reducing the amount of material classified as waste.
The Iska Iska Property represents a polymetallic epithermal-porphyry complex, a significant mineral deposit type in the Potosi Department. Eloro has an option to acquire a 100% interest in this road-accessible, royalty-free property. A recent NI 43-101 technical report on Iska Iska, completed by Micon International Limited, is available on Eloro's website at https://www.EloroResources.com and under its filings on SEDAR.
For investors following the company's progress, the latest news and updates relating to ELRRF are available in the company's newsroom at https://nnw.fm/ELRRF. The full press release containing detailed assay results can be viewed at https://nnw.fm/69ynr.
The expansion of higher-grade mineralization has implications for both the mining industry and potential investors. For the industry, successful exploration results in Bolivia's mineral-rich regions could encourage further investment in South American mining projects. For investors, the confirmation of expanded higher-grade zones may influence the company's valuation and the project's future development timeline. The results come as global demand for tin and silver continues in various industrial applications, from electronics to renewable energy technologies.
Eloro Resources also maintains an 82% interest in the La Victoria Gold/Silver Project in Peru's north-central mineral belt, located approximately 50 kilometers south of the Lagunas Norte Gold Mine and the La Arena Gold Mine. The company's diversified portfolio across Bolivia, Peru and Quebec positions it to benefit from discoveries in multiple mining jurisdictions.
