Iska Iska Property

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Eloro Resources Makes a US$1.5 Million Option Payment for the Iska Iska Silver-Tin Polymetallic Project, Potosi Department, Bolivia
Globenewswireยท 2025-07-21 22:13
Core Viewpoint - Eloro Resources Ltd. has made a significant payment towards acquiring the Iska Iska silver-tin polymetallic project in Bolivia, indicating progress in its exploration and development strategy [1][2]. Group 1: Financial Transactions - Eloro made a US$1,500,000 option payment to Empresa Minera Villegas for the Iska Iska project, with a remaining payment of US$1,150,000 due by January 6, 2026 [1]. - The total payment required for Eloro to earn a 100% interest in Iska Iska is US$10,000,000, which includes a credit for US$1,800,000 incurred in exploration expenditures on the adjacent Mina Casiterita property [2]. Group 2: Project Details - The Iska Iska property is classified as a polymetallic epithermal-porphyry complex, a significant mineral deposit type located in the Potosi Department of southern Bolivia [3]. - Eloro also holds an 82% interest in the La Victoria Gold/Silver Project in Peru, which is strategically located near major gold mines [3].