Eloro Resources Ltd. announces that it has closed today its previously announced bought deal financing . Pursuant to the Offering, Eloro issued 3,466,530 units of the Company at a price of C$3.15 per Unit for total gross proceeds of C$10,919,570. This includes 266,530 Units issued in connection with the partial exercise of the over-allotment option granted to the underwriters under the Offering. Each Unit comprises one [...]
Eloro Resources Ltd. is pleased to announce that it has entered into an agreement with Cantor Fitzgerald Canada Corporation to act as sole underwriter , pursuant to which the Underwriter has agreed to purchase, on a bought deal basis, 3,200,000 units at a price of C$3.15 per Unit for gross proceeds to the Company of C$10,080,000 . Each Unit will consist of one common share in the capital of the Company and one-half of one [...]
The headline intersection in hole METSBUG-03 drilled from the Santa Barbara adit, includes higher-grade portions of: 272.90g Ag eq/t over 16.57m. 199.68g Ag eq/t over 13.11m. 64% of this 707.8m long drill hole contains reportable intersections averaging 164.32 g Ag eq/t. Holes DSB-38, DSB-39 and DSB-40 tested the on-strike extension of the High Grade Feeder Zone at Santa Barbara to the south-southeast. These holes tested [...]
The Mina Casiterita and Mina Hoyada properties to be acquired cover 14.75 km2 southwest and west of Iska Iska. These properties connect with the TUP-3 and TUP-6 claims previously staked by Eloro. Eloro has also staked additional land in the area. Following the acquisition, the total land package in the Iska Iska area to be controlled by Eloro will total 1,935 quadrants covering 483.75 km2. Artisanal mining in the 1960's [...]
Eloro Resources is pleased to announce assay results from two (2) additional diamond drill holes from its on-going drilling program at the Iska Iska silver-tin polymetallic project in the Potosi Department, southern Bolivia. One drill hole, DSB-36, collared 400m southeast of the Santa Barbara adit, tested the extension of the core of the high-grade feeder zone at Santa Barbara while hole DSB-34, tested the potential [...]
This intersection in hole DSB-31, drilled 200m southeast of the Santa Barbara adit, includes a higher-grade portion grading 566.36 g Ag eq/t over 25.51m. Additional significant intersections in this hole include: 161.54 g Ag eq/t over 82.12m, 123.24 g Ag eq/t over 62.23m, and 126.21 g Ag eq/t over 81.12m Overall, 51% of the overall length of this 987.99m long hole yielded reportable intersections, which collectively [...]
Eloro Resources Ltd. is pleased to announce that in connection with the annual and special meeting of the Company's shareholders , that was held virtually on September 27, 2022, the following voting results were obtained. A total of 31,830,069 common shares representing 45.55% of the Company's issued and outstanding common shares were voted in connection with the Meeting. Shareholders voted in favour of the election of [...]
Eloro Resources Ltd. is pleased to announce that, by mutual agreement with Empresa Minera Villegas S.R.L. , the title holder of the Iska Iska silver-tin polymetallic project in the Potosi Department, southern Bolivia , the payment schedule in connection with the US$10 million payment required for Eloro to earn a 99% interest in Iska Iska has been amended. Pursuant to the private option agreement to acquire Iska Iska [...]
This intersection in hole DSB-30 includes a higher-grade portion grading 209.30 g Ag eq/t over 102.30m. This hole has the longest continuously mineralized intersection obtained in drilling thus far. Hole DSB-32, drilled on-section to the southeast with hole DSB-30 intersected 185.94 g Ag eq/t over 135.15m including a higher-grade section of 277.34 g Ag eq/t over 66.04m. Hole DSB-29 returned 108.31 g Ag eq/t over 110.40m [...]
Eloro Resources is pleased to announce assay results from two (2) additional diamond drill holes from its on-going drilling program at the Iska Iska silver-tin polymetallic project. Hole DSBU-10 is an underground hole drilled at azimuth 400 at -600 dip across the higher-grade feeder zone. Hole DHK-24 is a surface drill hole collared near Huayra Kasa approximately 100m SE of Hole DSBU-10 and drilled to the SW at -600. Four [...]
Eloro Resources Ltd. is pleased to announce assay results from an additional two (2) diamond drill holes from its on-going drilling program at the Iska Iska silver-tin polymetallic project. Hole DSBS-02 is a surface hole drilled due north at -300 from the south side of Santa Barbara across the higher-grade likely feeder zone. Hole DPC-09 is the first in a series of drill holes to test the extensive magnetic susceptibility [...]
Eloro Resources is pleased to provide an update on its preliminary metallurgical testwork program for the Iska Iska silver-tin polymetallic project. The work program including testwork for development of a preliminary metallurgical flowsheet and preliminary mineralogical characterization, is being carried out by Blue Coast Research Ltd. The objective is to develop the preliminary flotation flowsheet to maximize lead, zinc [...]
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