Eloro Resources Continues to Expand Higher-Grade Tin and Silver Mineralization in Step-Out Definition Drilling at its Iska Iska Project, Potosí Department, Bolivia

Core Insights - Eloro Resources Ltd. has announced significant assay results from the first five drill holes of its definition drilling program at the Santa Barbara zone of the Iska Iska silver-tin polymetallic project in Bolivia, indicating an expansion of higher-grade tin and silver mineralization [3][4][6]. Drilling Program Details - A total of 2,871.4 meters of diamond drilling has been completed in the first five holes, with assays pending for three additional holes totaling 1,413.90 meters [3]. - The drilling program aims to define the mineral resource in the potential starter pit area, which is open laterally and downdip, suggesting further potential for resource expansion [4][6]. Significant Assay Results - Hole DSB-78 intersected a higher-grade tin zone grading 0.40% Sn over 79.50 meters, including a section of 0.89% Sn over 16.50 meters [5][8]. - Hole DSB-79 revealed higher-grade silver grading 52.73 g/t Ag over 43.50 meters, with notable intersections of tin as well [5][9]. - Hole DSB-83, located 135 meters northeast of DSB-72, intersected multiple significant silver and tin intervals, including 39.43 g/t Ag over 31.50 meters and 0.39% Sn over 49.50 meters [13][16]. Mineralization Characteristics - The mineralization is primarily hosted in intrusion breccia and is characterized by visible coarse and medium-grained cassiterite, which is likely amenable to multi-gravity separation [7][10]. - The current drilling has upgraded and expanded the mineralization, highlighting the potential for additional higher-grade resources in the defined area [6][10]. Project Background - The Iska Iska project is a major silver-tin polymetallic porphyry-epithermal complex located in the Potosi Department of Bolivia, with significant historical mineralization similar to other major deposits in the region [24][25]. - Eloro has an option to earn a 100% interest in the Iska Iska property, which is road-accessible and royalty-free [24][40].