Core Viewpoint - Eloro Resources Ltd. has amended the payment schedule for the Iska Iska silver-tin polymetallic project, allowing for a more manageable payment structure to earn a 100% interest in the project [1][2]. Payment Schedule Summary - The total remaining payment for Iska Iska is US$4,450,000, which includes: - Credit for expenditures on the Mina Casiterita property: US$1,800,000 - Payment due on July 15, 2025: US$1,000,000 - Payment due on January 6, 2026: US$1,650,000 [2]. Mina Casiterita and Mina Hoyada Agreement - The agreement for Mina Casiterita and Mina Hoyada has been amended to require: - A cash payment of US$1,800,000 within 12 months after obtaining mining rights, subject to regulatory approval - Issuance of 200,000 common shares upon completion of property transfer [3]. Company Overview - Eloro Resources Ltd. is focused on exploration and mine development, holding a portfolio of gold and base-metal properties in Bolivia, Peru, and Quebec - The Iska Iska Property is classified as a polymetallic epithermal-porphyry complex, a significant mineral deposit type in southern Bolivia - Eloro also holds an 82% interest in the La Victoria Gold/Silver Project located in Peru [4].
Eloro Resources Amends Payment Schedule for Iska Iska Silver-Tin Polymetallic Project, Potosi Department, Bolivia
Globenewswire·2025-06-30 20:30