NetworkNewsBreaks – Eloro Resources Ltd. (TSX.V:
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Posted On: 11/22/2022 3:40:25 PM
NetworkNewsBreaks – Eloro Resources Ltd. (TSX.V: ELO) (OTCQX: ELRRF) (FSE: P2QM) Moves to Significantly Expand Land Position at Iska Iska
Eloro Resources (TSX.V: ELO) (OTCQX: ELRRF) (FSE: P2QM) today announced its entry into an option agreement to acquire the Mina Casiterita and Mina Hoyada properties, which collectively cover 14.75 km southwest and west of the Iska Iska Silver-Tin Polymetallic Project. According to the update, artisanal mining in the 1960s identified high-grade tin veins on the Mina Casiterita property that are hosted in intrusive dacite. From 1962 to 1964, the Departamento Nacional de Geología (National Department of Geology) reported production in Bolivia as 69.85 tonnes grading 50.60% Sn. The company has also staked additional claims in the Iska Iska region. Following the acquisition, Eloro will control the land package collectively totaling 1,935 quadrants covering 483.75 km. “These properties will add significantly to our land position at Iska Iska and provide an excellent opportunity to test the potential for a major tin deposit with much shallower diamond drilling than on the main Iska Iska discovery,” said Tom Larsen, CEO of Eloro. “Geological mapping and sampling is in progress on these new properties as well as magnetic surveys. Immediately following the completion of its acquisition, we plan to drill test major targets on the Mina Casiterita property.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Eloro Resources (TSX.V: ELO) (OTCQX: ELRRF) (FSE: P2QM) today announced its entry into an option agreement to acquire the Mina Casiterita and Mina Hoyada properties, which collectively cover 14.75 km southwest and west of the Iska Iska Silver-Tin Polymetallic Project. According to the update, artisanal mining in the 1960s identified high-grade tin veins on the Mina Casiterita property that are hosted in intrusive dacite. From 1962 to 1964, the Departamento Nacional de Geología (National Department of Geology) reported production in Bolivia as 69.85 tonnes grading 50.60% Sn. The company has also staked additional claims in the Iska Iska region. Following the acquisition, Eloro will control the land package collectively totaling 1,935 quadrants covering 483.75 km. “These properties will add significantly to our land position at Iska Iska and provide an excellent opportunity to test the potential for a major tin deposit with much shallower diamond drilling than on the main Iska Iska discovery,” said Tom Larsen, CEO of Eloro. “Geological mapping and sampling is in progress on these new properties as well as magnetic surveys. Immediately following the completion of its acquisition, we plan to drill test major targets on the Mina Casiterita property.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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