NetworkNewsBreaks – Eloro Resources Ltd. (TSX.V:
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Posted On: 09/28/2023 4:21:19 PM
NetworkNewsBreaks – Eloro Resources Ltd. (TSX.V: ELO) (OTCQX: ELRRF) (FSE: P2QM) Begins Iska Iska Preliminary Economic Assessment
Eloro Resources (TSX.V: ELO) (OTCQX: ELRRF) (FSE: P2QM), an exploration and mine-development company with a portfolio of gold and base-metal properties in Bolivia, Peru and Quebec, has started a preliminary economic assessment (“PEA”) for the Iska Iska silver-tin polymetallic project in the Potosi Department of southwestern Bolivia. According to the company, the PEA will study the inferred mineral resource estimate (“MRE”) of 560 million tonnes grading 13.8 g Ag/t, 0.73% Zn and 0.28% Pb in the Polymetallic (Ag-Zn-Pb) Domain and 110 million tonnes grading 0.12% Sn, 14.2 g Ag/t and 0.14% Pb in the Tin Domain (Sn-Ag-Pb). The announcement noted that for the purposes of the PEA, the mineral resources of both domains will be combined although they do not overlap or share resource blocks. Lead consultant for the assessment will be Australia-based Lycopodium, which will provide coordinate the PEA with development of metallurgical flowsheets. The PEA study will include design of tailings and waste dump facilities, mine design and infrastructure, environmental and hydrology studies.
“We are delighted to commence the PEA study on Iska Iska just three years after we began our initial exploration drill program,” said Eloro Resources CEO Tom Larsen in the press release. “This is another major step in moving the development of Iska Iska forward. We are also planning additional definition drilling to further expand the higher-grade zones as well as planning to carry out definitive ‘ore-sorting; tests at TOMRA in Germany. We have assembled an excellent team, which has already been onsite this week to kick off preparations for the PEA study. Recent induced polarization/resistivity surveys west of Santa Barbara have outlined several promising drill targets to extend the Tin Domain and initial drill testing is planned on these new targets.”
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Eloro Resources (TSX.V: ELO) (OTCQX: ELRRF) (FSE: P2QM), an exploration and mine-development company with a portfolio of gold and base-metal properties in Bolivia, Peru and Quebec, has started a preliminary economic assessment (“PEA”) for the Iska Iska silver-tin polymetallic project in the Potosi Department of southwestern Bolivia. According to the company, the PEA will study the inferred mineral resource estimate (“MRE”) of 560 million tonnes grading 13.8 g Ag/t, 0.73% Zn and 0.28% Pb in the Polymetallic (Ag-Zn-Pb) Domain and 110 million tonnes grading 0.12% Sn, 14.2 g Ag/t and 0.14% Pb in the Tin Domain (Sn-Ag-Pb). The announcement noted that for the purposes of the PEA, the mineral resources of both domains will be combined although they do not overlap or share resource blocks. Lead consultant for the assessment will be Australia-based Lycopodium, which will provide coordinate the PEA with development of metallurgical flowsheets. The PEA study will include design of tailings and waste dump facilities, mine design and infrastructure, environmental and hydrology studies.
“We are delighted to commence the PEA study on Iska Iska just three years after we began our initial exploration drill program,” said Eloro Resources CEO Tom Larsen in the press release. “This is another major step in moving the development of Iska Iska forward. We are also planning additional definition drilling to further expand the higher-grade zones as well as planning to carry out definitive ‘ore-sorting; tests at TOMRA in Germany. We have assembled an excellent team, which has already been onsite this week to kick off preparations for the PEA study. Recent induced polarization/resistivity surveys west of Santa Barbara have outlined several promising drill targets to extend the Tin Domain and initial drill testing is planned on these new targets.”
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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