Eloro stock surges on high-grade drill results from Bolivia
Eloro Resources on Tuesday reported additional results from its diamond drilling program at the Iska Iska silver-polymetallic project in southern Bolivia. To date, Eloro has completed 20 holes totalling 5,573 m from both underground (12) and surface drill holes (8).
The new drill results comprise 10 additional holes on top of the five underground holes previously received. These include the first three underground holes drilled at the Santa Barbara Breccia Pipe (SBBP) discovery, the deepest of which intersected 129.60 g/t AgEq over 257.5 m.
Eloro’s senior technical advisor Dr. Quinton Hennigh said this drill hole “gives us our first picture of the true potential of the Iska Iska system.”
Dr. Osvaldo Arce, general manager, Eloro Bolivian subsidiary
“A whole suit of metals including Ag, Zn, Pb, Cu, Sn, In, Bi and Cd are present, exactly the sort of assemblage one would like to see in a prolific ‘Potosi-type’ deposit,” Dr. Hennigh said.
While assay results are still pending, the three surface holes testing deeper parts of the SBBP discovery intersected significant mineralized breccia.
“Regionally, in terms of metal contents, Iska Iska is comparable with neighboring world-class polymetallic systems including Cerro Rico de Potosi, San Vicente, Chorolque and Tatasi, all of which have similar geological environments, with the notable exception of the large and remarkable mineralized breccia pipes at Iska Iska,” said Dr. Osvaldo Arce, general manager of Eloro’s Bolivian subsidiary.
Following release of the drill results, shares of Eloro Resources jumped to an all-time high of C$3.15 on Tuesday. The company has a market capitalization of C$137.1 million.
source: Mining.com
Related News
Top News
Glencore in talks to sell Philippine copper smelting unit
Rasul Khalife Soltani, Secretary of the Iranian Steel Producers Association on the sidelines of the 1403 Steel Symposium:
Mobarakeh steel is producing green steel through scrap recycling
India’s record gold import said to be due to calculation error
Volkswagen buys 9.9% of Patriot Battery Metals for $48 million
Sibanye raises $500m via metals streaming deal with Franco-Nevada
Norge Mining acquires Europe’s largest natural graphite producer
Mercuria partners with Zambia on metals trading venture
Aluminum price falls to one-month low in wider commodity slump
Skeena advances Eskay Creek permitting, unlocks Orion funding
Lure of Anglo’s copper mines could test BHP’s spending resolve
Copper giant Peru foresees another production plateau in 2025
Iron ore price weakens as Australia flags return to sub-$100 prices
Nickel price hits 4-year low as gloom offsets potential Indonesia cuts
Mercuria partners with Zambia on metals trading venture
Sibanye raises $500m via metals streaming deal with Franco-Nevada
Triple Flag to acquire royalty on Tres Quebradas lithium project
Volkswagen buys 9.9% of Patriot Battery Metals for $48 million
Aluminum price falls to one-month low in wider commodity slump
India’s record gold import said to be due to calculation error
Lure of Anglo’s copper mines could test BHP’s spending resolve
Iron ore price weakens as Australia flags return to sub-$100 prices
Nickel price hits 4-year low as gloom offsets potential Indonesia cuts
Sibanye raises $500m via metals streaming deal with Franco-Nevada
Triple Flag to acquire royalty on Tres Quebradas lithium project
Volkswagen buys 9.9% of Patriot Battery Metals for $48 million
Aluminum price falls to one-month low in wider commodity slump
India’s record gold import said to be due to calculation error
Glencore in talks to sell Philippine copper smelting unit
