La Victoria Gold/Silver Project
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Eloro Resources Completes Option Payments on the Iska Iska Silver-Tin Polymetallic Project, Potosi Department, Bolivia
TMX Newsfile· 2026-01-29 12:00
Core Viewpoint - Eloro Resources Ltd. has successfully completed all option payments to acquire a 99% joint venture interest in the Iska Iska silver-tin polymetallic project in Bolivia, marking a significant milestone for the company [1][3]. Group 1: Financial Transactions - Eloro made a final payment of US$1,150,000 to Empresa Minera Villegas SRL to complete the option agreement [1]. - The company also transferred US$1,800,000 into a trust account for future payment to Minera Villegas, contingent upon obtaining mining rights [1]. Group 2: Joint Venture Agreement - An Addendum to the Joint Venture Agreement has been formalized, establishing Minera Tupiza's joint venture interest at 99%, while Minera Villegas retains a 1% interest [2]. - This revised structure allows Eloro to maintain full operational control and ensures compliance with Bolivian Mining Law [2]. Group 3: Strategic Importance - The completion of option payments is viewed as a major corporate milestone that enhances operational efficiency and regulatory compliance [3]. - The streamlined ownership structure is expected to eliminate economic uncertainty and provide maximum flexibility for advancing the Iska Iska project [3]. Group 4: Company Overview - Eloro Resources Ltd. is an exploration and mine development company with a portfolio of precious and base-metal properties in Bolivia, Peru, and Quebec [3]. - The Iska Iska Property is classified as a polymetallic epithermal-porphyry complex, a significant mineral deposit type in the Potosi Department of Bolivia [3].
Eloro Resources to Present at the Centurion One Capital 3rd Annual Bahamas Summit
Newsfile· 2025-10-15 22:00
Company Overview - Eloro Resources Ltd. is an exploration and mine development company with a portfolio of gold and base-metal properties located in Bolivia, Peru, and Quebec [5] - The company has an option to acquire a 100% interest in the Iska Iska project, a polymetallic epithermal-porphyry complex in southern Bolivia, which is classified as a significant mineral deposit type [5] - Eloro also holds an 82% interest in the La Victoria Gold/Silver Project, situated in the North-Central Mineral Belt of Peru, approximately 50 km south of the Lagunas Norte and La Arena Gold Mines [5] Event Participation - Eloro will present at the Centurion One Capital 3rd Annual Bahamas Summit, an invitation-only event scheduled for October 28-29, 2025, at the Rosewood Baha Mar Hotel in Nassau, Bahamas [1][3] - The CEO of Eloro, Mr. Thomas Larsen, will be presenting, attending investor meetings, and participating in a panel discussion during the summit [2] Summit Details - The summit will feature a format that includes presentations, panel discussions, and one-on-one investor meetings [4] - The event will run from 9:00 AM EDT to 5:00 PM EDT on both days [4] - The summit aims to connect leading small-cap growth companies with global growth investors [3]
Eloro Resources Ltd. Announces Acquisition of Shares and Warrants of Cartier Silver Corporation
Globenewswire· 2025-10-08 00:13
Core Points - Eloro Resources Ltd. has acquired 4,800,000 units of Cartier Silver Corporation at a price of C$0.125 per unit, totaling C$600,000 [1] - Each unit consists of one common share and one half of a common share purchase warrant, with each full warrant allowing the purchase of an additional common share at C$0.20 for 36 months [1] - Prior to the acquisition, Eloro owned 2,333,000 common shares (4.97% of outstanding shares) and 600,000 warrants [2] - Post-acquisition, Eloro now holds 7,133,000 common shares (12.61% of outstanding shares) and 3,000,000 warrants, representing 17.01% on a partially diluted basis [2] - The acquisition is for investment purposes, with no current plans for further actions regarding the securities [3] Company Overview - Eloro Resources Ltd. is an exploration and mine development company with properties in Bolivia, Peru, and Quebec [6] - The company has an option to acquire a 100% interest in the Iska Iska project, a significant polymetallic epithermal-porphyry complex in Bolivia [6] - Eloro also owns an 82% interest in the La Victoria Gold/Silver Project located in Peru [6]
Eloro Resources Makes a US$1.5 Million Option Payment for the Iska Iska Silver-Tin Polymetallic Project, Potosi Department, Bolivia
Globenewswire· 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].