Eloro Resources Achieves Breakthrough Zinc Intersections at Iska Iska
Exciting Discoveries at Iska Iska Project
Eloro Resources Ltd. (TSX: ELO; OTCQX: ELRRF; FSE: P2QM) is thrilled to share the latest results from their drill program at the Iska Iska project, which has revealed unprecedented zinc intersections. The results from drill hole DSB-88 have indicated a remarkable interval of 456 meters of zinc grading 1.72%. This finding underscores the potential for further mineral resource expansion in the Silver-Zinc (Ag-Zn) Epithermal Domain, particularly within the area near the proposed Santa Barbara starter pit.
Noteworthy Drilling Results from DSB-89
Following the success of DSB-88, the subsequent hole, DSB-89, located just 50 meters northwest, also provided significant intersections. These intervals demonstrate not only the presence of zinc but also high grade silver, tin, and further zinc sections:
Highlighted Results from DSB-89
- 13.50m grading 74.64 g/t Ag, 0.81% Pb, 0.24% Sn starting at a depth of 50.8m.
- 19.50m grading 41.52 g/t Ag, 0.88% Zn beginning at 74.8m.
- 33.00m grading 28.96 g/t Ag, 0.75% Pb, and 2.36% Zn starting at 103.30m.
- 24.75m grading 0.45% Pb and 1.80% Zn from 156.55m depth.
These results highlight the potential for a significant silver and tin bounty alongside the robust zinc counts, further adding to the resource's viability.
Growth in Mineral Resource Footprint
Eloro’s ongoing drilling program aims to further delineate and expand these high-grade areas. CEO Tom Larsen stated, "We are encouraged by the continued success in intersecting mineralization previously categorized as waste. The results from both DSB-88 and DSB-89 not only enhance our understanding of the mineral distribution but are anticipated to significantly contribute to the upcoming Preliminary Economic Assessment (PEA)."
Strategic Importance of Iska Iska
The potential of the Silver-Zinc-Polymetallic Domain at Iska Iska is becoming increasingly evident. According to Eloro's Executive VP, Dr. Osvaldo Arce, the program has successfully extended the footprint of the higher-grade minerals, suggesting that Iska Iska is a unique location housing two large deposits that could likely be mined effectively from a single starter pit.
Drilling Locations and Technical Insights
Drillholes DSB-88 and DSB-89 were strategically positioned to optimize the understanding of mineral distribution in the Santa Barbara zone. As drilling continues, the company is committed to assessing wider areas of mineralization. The depth and extent of these holes indicate that additional drilling can augment Eloro's resource estimation significantly.
Summary of Key Intervals from DSB-88
- One continuous interval of 1.72% Zn over 456.00m, which includes notable higher-grade sections of zinc.
- Additional highlights include 1.74% Zn over 136.50m, beginning at 375.70m depth.
This rich dataset not only strengthens Eloro's resource portfolio but also enhances the exploration strategy devised by the technical team.
About Eloro Resources Ltd.
Eloro is a dynamic exploration and mine development company focused on precious and base-metal resources across Bolivia, Peru, and Quebec. Its flagship project, Iska Iska, stands out as a significant polymetallic epithermal-porphyry complex, being tantamount to historic mineral production.
For further information, Thomas G. Larsen, Chairman and CEO, or Jorge Estepa, Vice-President, can be reached at (416) 868-9168.
Frequently Asked Questions
What are the latest drill results from Eloro Resources?
Latest results include an exciting 456 meters grading 1.72% Zn from the DSB-88 drill hole, marking it as the longest zinc interval discovered at the Iska Iska project.
How significant are the findings at the Iska Iska project?
The findings are substantial, showing extensive mineralization that extends beyond current resource limits, indicating potential for future resource growth.
What other minerals are present besides zinc?
In addition to zinc, there are significant grades of silver and tin present, expanding the project’s mineral resource profile.
What role does Eloro's exploration strategy play?
Eloro's exploration strategy focuses on infilling and expanding high-grade zones, enhancing the mineral resource estimate and supporting upcoming economic assessments.
How can investors follow Eloro's progress?
Investors can follow Eloro's progress through updates in their quarterly reports and news releases found on their website and financial platforms.
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