Eloro Resources Unveils Promising Results from Drilling at Iska Iska

Introduction to Eloro Resources and Its Recent Drilling Results

Eloro Resources Ltd. (TSX: ELO; OTCQX: ELRRF; FSE: P2QM) has made significant strides in its exploration efforts, particularly regarding the Iska Iska silver-tin polymetallic project. The company's ongoing definition drilling program is producing exciting assay results, highlighting the potential of this strategically important site located in Bolivia.

Significant Findings from Recent Drilling

The results from the recent drilling efforts, particularly from holes DSB-69, DSB-70, and DSB-71, reveal broad intervals of high-grade silver-tin mineralization. Hole DSB-69 showed an impressive intersection of 127.49 g Ag/t alongside variable levels of other valuable minerals, while the broader interval indicated potential for moderate to strong mineralization.

Drilling Results Overview

Here's a breakdown of the notable results:

• Hole DSB-69: Intersected 127.49 g Ag/t, within a broader context of 49.71 g Ag/t over longer distances.
• Hole DSB-70: Yielded 45.71 g Ag/t within another lengthy interval, showcasing strong mineralization close to the surface.
• Hole DSB-71: Returned significant results, including 53.17 g Ag/t over 45 meters within a broader mineralized structure.

Impact on Future Excavations

These findings indicate a strong mineral presence in the targeted areas, suggesting that regions once classified as 'low-grade' could contain enrichments of silver and tin. The definition drilling program aims to fill gaps in the mineral resource model that have previously been misinterpreted. In light of these results, Eloro is refocusing on enhancing its understanding of the vertical and lateral extensions of these deposits, particularly in defining the starter pit at Santa Barbara.

Strategic Objectives of the Drilling Program

• Identify and quantify areas previously viewed as low-grade.
• Enhance the understanding of high-grade mineralization depth and width.
• Examine possibilities to expand higher-grade tin mineralization towards the northwest.
• Prepare for metallurgical testing with large PQ core samples for further assessments.

Comments from Company Executives

Tom Larsen, CEO of Eloro, expressed confidence in these drilling efforts: "The latest results not only affirm the mineral potential but also remedy misconceptions about the extent of mineralization within the site. We see consistent results supporting our confidence in the economic value of this project."

Dr. Osvaldo Arce, a key executive in Eloro’s Latin American operations, emphasized the importance of these exploration efforts, highlighting the strategic locations selected to confirm high-grade polymetallic areas and the substantial resource prospects they could represent.

The Overall Potential of the Iska Iska Deposit

The Iska Iska project is positioned as a major resource, encompassing both silver and tin. With historic comparisons drawn from nearby significant deposits, the potential for high yield remains promising. Continued efforts will focus on both the existing site's integrity and exploring neighboring regions that may yield additional high-grade mineralization.

Future Exploration Plans and Expectations

The exploration strategy moving forward involves a robust drilling campaign aimed at enhancing the depth of knowledge regarding these mineral zones. A total of 5,700 meters are expected to be drilled across 13 holes, further defining high-grade areas and developing a clearer model of mineral potential at Iska Iska.

Frequently Asked Questions

What are the recent highlights from Eloro’s drilling program?

Recent results indicate high-grade intersections with significant silver and tin mineralization across multiple drill holes, notably in holes DSB-69, DSB-70, and DSB-71.

How does Eloro Resources plan to utilize these drilling results?

The results will enhance Eloro's mineral resource model, redefine starter pit areas, and guide future exploration strategies geared towards unearthing further mineralization.

What significance does the Iska Iska project hold?

Iska Iska is viewed as a major mining project due to its expansive mineralization potential, especially in silver and tin, which is expected to yield commercial value in upcoming assessments.

What are the next steps following these findings?

Eloro will continue its drilling efforts in the summer, aiming to clarify the extent of the mineralization and prepare comprehensive models for economic assessment.

How does Eloro ensure quality in its drilling samples?

Eloro employs standards and protocols during the sample preparation and analysis process, ensuring that all results are consistent and credible across tested samples.

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