Eloro Resources Ltd. (TSX: ELO | OTCQX: ELRRF | FSE: P2QM) has announced assay results from its last eight diamond drill holes from a definition drill programme at the Santa Barbara target, located in the company’s Iska Iska silver-tin polymetallic project, southern Bolivia.
Two of the drill holes (DSB-45 and DSB-47) filled in the gaps of previous drilling of the targets in the high-grade zone. The remaining six holes (DSB-44, DSB-48, DSB-49, DSB-50, DSB-51, and DSB-52) tested the potential south-eastern extension of the high-grade zone at Santa Barbara.
Drill holes in the south-southeastern extension of the Santa Barbara Deposit are notably Zn-rich, returning some of the highest Zn values intersected by the company thus far.
Three of the holes expand the strike extent of the Santa Barbara high-grade zone to more than 1,100m, significantly expanding the potential open pittable resource. The high-grade zone is now 800m across and is open along strike to the south-southeast.
Assay results:
- 86.67g Ag eq/t (13.57g Ag/t, 0.99% Zn and 0.41% Pb) over 105.42m including 193.50g Ag eq/t (15.34g Ag/t, 3.22% Zn and 0.17% Pb) over 10.57m (DSB-50)
- 103.03g Ag eq/t (5.18g Ag/t, 1.72% Zn and 0.21% Pb) over 143.06m including 175.06g Ag eq/t (9.39g Ag/t, 2.96% Zn and 0.35% Pb) over 49.87m (DSB-51)
- 123.28g Ag eq/t (7.46g Ag/t, 0.14g Au/t, 1.85% Zn and 0.26% Pb) over 119.77m including 306.28g Ag eq/t (18.03g Ag/t, 0.45g Au/t, 4.55% Zn and 0.47% Pb) over 28.79m (DSB-52)
The company has now finished 84,495m of drilling (122 holes) and completed its definition drill programme in the Santa Barbara target area.
Tom Larsen, CEO of Eloro, said: “These latest results, which complete the Santa Barbara definition diamond drill programme, have significantly expanded the potential open pittable resource across the valley of the Iska Iska Caldera. Micon International Limited will be updating the deposit’s inaugural mineral resource model to incorporate these new results. Our geological technical team led by Dr. Bill Pearson, P.Geo. and Dr. Osvaldo Arce, P.Geo., are working closely with Micon to ensure all required information is completed.”
Dr. Bill Pearson, P.Geo., Eloro’s executive vice president, exploration commented: “Drilling is advancing in the Casiterita area as previously outlined to test for the potential tin porphyry. To date, a total of 3,302m of diamond drilling has been completed in nine holes, including two in progress. Assay results from these holes are pending. We have also completed additional surface induced polarization/resistivity surveys on the western side of Santa Barbara. Bore hole IP/Res surveys continue to be carried out on drill holes as holes are completed. Regional geological, prospecting and sampling, along with ground magnetic surveys, are being carried out on Eloro’s large land package in the Iska Iska area.”
To find out more, please visit www.elororesources.com
