NetworkNewsBreaks – Eloro Resources Ltd. (TSX: E
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Posted On: 08/22/2023 5:18:39 PM
NetworkNewsBreaks – Eloro Resources Ltd. (TSX: ELO) (OTCQX: ELRRF) (FSE: P2QM) Announces Significant Tin Mineralization at Mina Casiterita, Strong Results at Santa Barbara Deposit
Eloro Resources (TSX: ELO) (OTCQX: ELRRF) (FSE: P2QM) today announced assay results from reconnaissance drilling on the Mina Casiterita Property, additional definition drilling on the eastern margin and southern extension of the Santa Barbara deposit and reconnaissance drilling in the Porco-Mina 2 area. In total, 16 holes totaling 12,495.4m have been completed as detailed in the press release.
“We are encouraged by the initial drilling results from Mina Casiterita, especially considering the reconnaissance nature of the drill program. The grade and width intersected in hole DCT-03, considering the recently reported positive ‘ore-sorting’ results (see Eloro press release dated July 26, 2023), is attractive particularly with the higher-grade sections. Continued diamond drilling is being delayed pending the finalization of the granting of the mining rights process for the Mina Casiterita and Mina Hoyada properties (‘additional properties’), through the signing of administrative mining contracts between the regional Jurisdictional Administrative Mining Authority in Bolivia and the additional properties title holder, from whom the properties are being acquired,” said Tom Larsen, CEO of Eloro. “Upon completion of this internal process within the Bolivian mining regulator AJAM, Eloro’s Bolivian subsidiary, Minera Tupiza S.R.L. will consolidate its one hundred percent (100%) participation in the additional properties, pursuant to its option agreement with the vendor. In connection with this transaction, 200,000 common shares of Eloro will be issued to acquire the capital quotas of the additional properties title holder (see Eloro press release dated Nov. 22, 2022).”
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Eloro Resources (TSX: ELO) (OTCQX: ELRRF) (FSE: P2QM) today announced assay results from reconnaissance drilling on the Mina Casiterita Property, additional definition drilling on the eastern margin and southern extension of the Santa Barbara deposit and reconnaissance drilling in the Porco-Mina 2 area. In total, 16 holes totaling 12,495.4m have been completed as detailed in the press release.
“We are encouraged by the initial drilling results from Mina Casiterita, especially considering the reconnaissance nature of the drill program. The grade and width intersected in hole DCT-03, considering the recently reported positive ‘ore-sorting’ results (see Eloro press release dated July 26, 2023), is attractive particularly with the higher-grade sections. Continued diamond drilling is being delayed pending the finalization of the granting of the mining rights process for the Mina Casiterita and Mina Hoyada properties (‘additional properties’), through the signing of administrative mining contracts between the regional Jurisdictional Administrative Mining Authority in Bolivia and the additional properties title holder, from whom the properties are being acquired,” said Tom Larsen, CEO of Eloro. “Upon completion of this internal process within the Bolivian mining regulator AJAM, Eloro’s Bolivian subsidiary, Minera Tupiza S.R.L. will consolidate its one hundred percent (100%) participation in the additional properties, pursuant to its option agreement with the vendor. In connection with this transaction, 200,000 common shares of Eloro will be issued to acquire the capital quotas of the additional properties title holder (see Eloro press release dated Nov. 22, 2022).”
Please see full terms of use and 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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