Eloro Resources Expands Santa Barbara Starter Pit at Iska Iska Project with Significant Tin and Silver Intercepts
TL;DR
Eloro Resources' expanded Santa Barbara pit and high-grade intercepts offer investors a competitive edge in the growing tin and silver markets.
Eloro Resources drilled 6,242m across 12 holes, defining an 800m by 500m by 500m deep pit with assays pending for systematic resource evaluation.
Eloro's mineral discoveries in Bolivia support local economies and provide essential metals for sustainable technology and global development.
Eloro Resources hit a 213m intercept grading 0.51% tin and 25.46 g/t silver, revealing vast mineral potential at Iska Iska.
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Eloro Resources Ltd. has reported additional assay results from five definition drillholes at its Iska Iska project in Bolivia, significantly expanding the footprint of the Santa Barbara starter pit to approximately 800 meters by 500 meters by 500 meters deep. The results include long higher-grade intercepts from both the Polymetallic and Tin Domains, notably featuring 213.00 meters grading 0.51% tin and 25.46 g/t silver, underscoring the project's growing resource potential.
The ongoing definition drill program has now completed 6,242 meters across 12 holes, with assays pending for two additional holes. Management emphasized that the mineralized system remains open laterally and downdip, indicating substantial opportunities for further expansion and resource upgrades. This progress is critical as the company advances toward a planned preliminary economic assessment, which will evaluate the economic viability of the project. The Iska Iska property, classified as a polymetallic epithermal-porphyry complex, is a significant mineral deposit type in the Potosi Department of southern Bolivia and is road-accessible and royalty-free.
For more details on the technical aspects, a recent NI 43-101 technical report on Iska Iska completed by Micon International Limited is available on Eloro's website and under its filings on SEDAR. The expansion of the Santa Barbara starter pit footprint enhances the project's prospects for development, potentially contributing to Bolivia's mining sector and global supply of tin and silver. These metals are essential for various industries, including technology and renewable energy, highlighting the broader economic implications of the findings.
The results reinforce Iska Iska's status as a high-potential asset in Eloro's portfolio, which also includes an 82% interest in the La Victoria Gold/Silver Project in Peru. The continued drilling success at Iska Iska positions Eloro Resources for potential resource growth and future development milestones, aligning with global demand for critical minerals that are increasingly vital for technological advancement and sustainable energy solutions worldwide.
Curated from InvestorBrandNetwork (IBN)
