Eloro Resources Ltd. has announced final assay results from its 10-hole definition drilling program at the Santa Barbara starter pit area of the Iska Iska project in Bolivia, revealing promising tin and silver mineralization across all drilled holes. The drilling program uncovered notable mineral intersections, including a highlight of 129.57 grams per tonne of silver over 52.5 meters and 1.32% tin over 3.0 meters in Hole DSB-76. Additional high-grade tin intervals were also identified in Hole DSB-77, suggesting substantial mineral potential in the project area.
These results are significant for the company's exploration strategy, as they support potential future resource upgrades and will inform the next phase of drilling at the Iska Iska project. The polymetallic epithermal-porphyry complex, located in the Potosi Department of southern Bolivia, continues to demonstrate its mineral wealth. The recent NI 43-101 technical report by Micon International Limited provides further technical details about the project's geological characteristics and potential, offering comprehensive analysis of the mineralized zones.
In conjunction with the drilling results, Eloro Resources has made two key organizational changes that signal a strategic approach to developing the project's potential. The company appointed Colin Belshaw as vice president of mining and retained CPM Group to provide research and financial advisory services. These strategic appointments complement the technical findings and position the company for advanced development phases.
The Iska Iska property, which Eloro has an option to acquire 100% interest in, is a road-accessible and royalty-free site, enhancing its economic viability. These results underscore the promising mineral potential of the Iska Iska project and Eloro Resources' commitment to thorough exploration and development of its mineral assets in Bolivia. The combination of strong assay results and strategic organizational changes positions the company for continued advancement in one of Bolivia's promising mineral districts.
