Eloro Resources Reports Strong Step-Out Drill Results at Iska Iska Project, Expanding Santa Barbara Mineralization
TL;DR
Eloro Resources' strong assay results expand mineral resources ahead of the Preliminary Economic Assessment, offering investors early advantage in a promising polymetallic project.
Eloro's step-out drilling at Iska Iska confirmed mineralization continuity with 1.72% Zn over 456m in DSB-88 and 1.27% Zn with 24.51 g/t Ag over 154.50m in DSB-89.
Eloro's mineral discoveries in Bolivia could create local jobs and economic development through responsible mining of essential metals for modern technology.
Eloro's Iska Iska property contains two near-surface deposits potentially mineable from one large starter pit with remarkably low stripping ratios.
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Eloro Resources Ltd. (TSX.V: ELO) (OTCQX: ELRRF) (FSE: P2QM) has reported additional assay results from step-out holes DSB-88 and DSB-89 in the Silver-Zinc-Polymetallic Domain of its Santa Barbara starter pit area at the Iska Iska Project, confirming continued mineralization open to the east. The results represent some of the strongest intersections to date, with hole DSB-88 returning 1.72% zinc over 456 meters and hole DSB-89 showing 1.27% zinc, 24.51 grams per tonne silver, and 0.54% lead over 154.50 meters.
The significance of these results lies in their demonstration of the expanding mineral resource at Santa Barbara, which is part of Eloro's option to acquire 100% interest in the Iska Iska property. CEO Tom Larsen emphasized that the drilling is expanding and upgrading resources ahead of the Preliminary Economic Assessment, indicating the project's progression toward economic evaluation. Executive Vice President Dr. Osvaldo Arce noted that the Iska Iska property hosts two near-surface deposits potentially mineable from one large starter pit with a low stripping ratio, suggesting favorable mining economics.
For investors and the mining industry, these results reinforce the potential of Iska Iska as a polymetallic epithermal-porphyry complex, a significant mineral deposit type in Bolivia's Potosi Department. The continued expansion of mineralization supports the project's scale and could position it as a substantial future producer of zinc, silver, and lead. The property's road accessibility and royalty-free status add to its attractiveness for development.
The technical foundation for understanding Iska Iska's potential is supported by a recent NI 43-101 technical report completed by Micon International Limited, available on Eloro's website at https://www.EloroResources.com and under its filings on SEDAR. This report provides independent verification of the project's geology and resource potential, giving credibility to the company's exploration results.
Beyond the immediate implications for Eloro Resources, these developments matter for the global mining sector as they contribute to the pipeline of future zinc and silver supply. Zinc is essential for galvanizing steel and battery technologies, while silver maintains importance in industrial applications and renewable energy technologies. Successful development of Iska Iska could eventually contribute to global metal supplies while bringing economic development to southern Bolivia.
The latest news and updates relating to ELRRF are available in the company's newsroom at https://ibn.fm/ELRRF, providing investors with ongoing information about the project's progression. As Eloro continues to advance Iska Iska toward economic assessment, these step-out drilling results represent important milestones in de-risking the project and demonstrating its potential scale and economic viability.
Curated from InvestorBrandNetwork (IBN)
