Eloro Resources Reports Promising Tin and Silver Mineralization at Iska Iska Project
TL;DR
Eloro Resources reported significant silver-tin mineralization at Iska Iska, supporting future upgrades and informing next drilling phase, providing advantage for investors.
Eloro Resources' 10-hole program at Iska Iska in Bolivia yielded high-grade tin and silver results, enhancing future resource estimation and guiding further drilling plans.
Eloro Resources' successful drilling results at Iska Iska project in Bolivia contribute to mineral exploration efforts, potentially leading to sustainable resource development and economic growth in the region.
Eloro Resources' appointment of Colin Belshaw as VP mining and collaboration with CPM Group adds expertise to their team, furthering their commitment to successful project execution.
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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 strategic importance of these findings lies in their potential to elevate the project's economic viability and contribute to global tin and silver supply chains at a time when demand for these critical metals continues to grow.
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 appointments demonstrate the company's commitment to advancing the project through experienced leadership and expert market analysis, positioning the Iska Iska project for successful development.
The Iska Iska property, which Eloro has an option to acquire 100% interest in, is a road-accessible and royalty-free site. A recent NI 43-101 technical report by Micon International Limited provides further technical details about the project's geological characteristics and potential. The consistent mineralization across all drilled holes at the Santa Barbara starter pit area indicates the presence of a robust mineralized system that could support future mining operations.
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, strategic organizational changes, and favorable project characteristics positions the company to potentially advance the project toward production, contributing to Bolivia's mining sector and global metal markets. The findings from this drilling program provide critical data that will guide future exploration decisions and resource estimation work at this emerging polymetallic deposit.
Curated from InvestorBrandNetwork (IBN)
