Eloro Begins Diamond Drilling on Iska Iska Project Update
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Eloro Resources Ltd. Announces New Drilling Program
Eloro Resources Ltd. (TSX: ELO; OTCQX: ELRRF; FSE: P2QM) recently announced the commencement of a diamond drilling program at the Iska Iska project. This program aims to define and expand the mineral resources in the Santa Barbara area, particularly focusing on the silver and tin-bearing zones.
Drilling Objectives and Initial Program
The upcoming drilling program will cover 5,700 meters across 13 holes in the Santa Barbara starter pit area. This initiative intends to enhance the understanding of the vertical and lateral extent of high-grade silver mineralization, filling gaps in the current resource model that may be more mineralized than previously indicated.
Expanding the High-Grade Mineralization
Eloro's team has updated the geological models, emphasizing that areas of higher-grade mineralization correspond with better drilling densities. The upcoming drilling is essential for transforming inferred resources into indicated resources, significantly influencing the overall project economics and the preliminary economic assessment (PEA).
Follow-Up Drilling Program
Upon completion of the initial 5,700 meters, Eloro plans a second phase involving an additional 7,000 meters of drilling targeting polymetallic Ag-Zn-Pb and Sn-Ag domains. The data collected during both phases will contribute to an updated Mineral Resource Estimate (MRE), which is critical for the forthcoming PEA.
Metallurgical Testing and Processing Strategies
Among the strategic goals is the metallurgical testing of additional large-diameter PQ holes, aiming to enhance ongoing metallurgical assessments. This work is crucial as Eloro explores the possibility of adding a tin processing plant to capitalize on the tin zones identified during previous operations.
Development of a Ramp and Pre-concentration Plant
Eloro has commenced a conceptual scoping study for creating an underground ramp into the core of the Santa Barbara zone. This ramp will allow systematic sampling of bulk and channel samples, confirming mineralization grades, especially for silver and tin.
Project Viability and Pre-concentration Efforts
The pre-concentration plant is being evaluated to determine the practical application of existing flotation technology for the recovery of zinc-rich concentrates. This endeavor could create short-term revenue streams essential for supporting the overall project costs.
Company Developments and Appointments
Recently, Eloro appointed Dr. Osvaldo Arce as Executive VP of Latin American Operations. He will continue his leadership role in the Bolivian subsidiary, Minera Tupiza SRL. The company also welcomed Chris Holden as Senior VP of Corporate Development to strengthen its strategic initiatives.
Frequently Asked Questions
What is the focus of Eloro's diamond drilling program?
Eloro's diamond drilling program focuses on defining and expanding the silver-tin polymetallic resources in the Santa Barbara area for improved project economics.
What are the expected outcomes of the initial drilling phase?
The initial phase aims to enhance the accuracy of resource estimates and increase the overall mineral resource classification from inferred to indicated.
How many meters is Eloro planning to drill in the upcoming phases?
Eloro plans to drill a total of 5,700 meters in the first phase, followed by an additional 7,000 meters in the second phase.
What role will the metallurgical testing play in the project?
Metallurgical testing is crucial for assessing the potential recovery of minerals and the feasibility of processing strategies, including the construction of a tin processing plant.
Who are the key appointments at Eloro Resources Ltd.?
Eloro has recently appointed Dr. Osvaldo Arce as Executive VP and Chris Holden as Senior VP of Corporate Development.
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