Eloro Resources: Commencing Maiden Underground Drilling

Maiden underground drilling campaign at Iska Iska

Eloro Resources is an exploration and mine development company. They have a portfolio of gold and base-metal properties in Bolivia, Peru and Quebec. Further, Eloro has an option to acquire a 99% interest in the highly prospective Iska Iska Property, which can be classified as a polymetallic epithermal-porphyry complex, a significant mineral deposit type in the Potosi Department, in southern Bolivia.

About Iska Iska

The Iska Iska concession is a road accessible, royalty-free property, (wholly-owned by the Title Holder) and is located 48 km north of Tupiza city, in the Sud Chichas Province of the Department of Potosi, situated near world-class deposits like Silver Sand, San Bartolomé, Pulacayo, San Cristobal, San Vicente, Chorolque, Tasna, Choroma and Siete Suyos. Moreover, Iska Iska has never been drilled and the Company is about to commence a maiden underground drilling campaign.

"These systems are absolutely huge. In fact, the largest single silver deposit on earth is a short way north of Iska Iska," says Technical and Senior Business Advisor, Dr. Quinton Hennigh. "We're talking about something that has potential for hundreds of millions of ounces, even a billion-ounce silver potential," says Hennigh.

The property can also be classified as a polymetallic (Ag, Zn, Pb, Au, Cu, Bi, Sn, In) epithermal-porphyry complex. This is an important mineral deposit type in Bolivia. 

"This will be one of the best silver plays in this market," says Hennigh.

La Victoria

Eloro also owns an 82% interest in the La Victoria Gold/Silver Project where they are planning on drilling again in October. Additionally, the project is located in the North-Central Mineral Belt of Peru some 50 km south of Barrick’s Lagunas Norte Gold Mine and Pan American Silver’s La Arena Gold Mine. La Victoria consists of eight mining concessions and eight mining claims encompassing approximately 89 square kilometres. The property also has good infrastructure with access to road, water and electricity and is located at an altitude that ranges from 3,150 m to 4,400 m above sea level. In addition, Eloro holds a portfolio of gold and base-metal properties in northern and western Québec, Canada.

"Our focus is to stick to building asset growth and building resources as quickly as possible," says CEO, Thomas Larsen.

For more information on Eloro Resources Ltd. (TSX-V: ELO, OTCQX: ELRRF) please fill out the form below.