Eloro Resources Ltd. (TSXV: ELO; OTCQX: ELRRF) has obtained strong assay results from an additional six diamond drill holes from its on-going drilling programme at the Iska Iska silver-tin polymetallic project in the Potosi Department, southern Bolivia.
Holes DSBU-05 and DSBU-06 are underground holes drilled from the Santa Barbara adit to test the northern extension of the higher-grade mineralised zone.
Hole DSBS-01 was collared in the southern part of the Santa Barbara target zone and drilled at an azimuth of 300 and dip of -300 to test the same target.
Holes DSB-24, DSB-14 and DSB-22 were drilled at azimuths of 2250 to test the northwest extension of the Santa Barbara mineralised zone approximately 100m, 200m, and 1,000m, respectively, northwest of the Santa Barbara adit underground drill bay.
Drilling is continuing in the Porco area to test for a potential Sn porphyry as suggested by the 3D inverse magnetic model. Thus far, 4,870 m in five holes have been completed in the Porco target area with assays pending.
Overall, the company has completed 52,384m in 89 drill holes to-date, including four holes in progress. Currently there are three surface drills and one underground drill operating at Iska Iska.
Santa Barbara Mineral Resource Definition Target Area – Underground Drilling
Underground holes DSBU-06 and DSBU-05 were both drilled on azimuth 00 and dips of -650 and -400, respectively, from the Santa Barbara adit to test the northern extent of higher-grade mineralization in the eastern part of the Santa Barbara target area.
- Hole DSBU-06 intersected 169.11 g Ag eq/t (64.30 g Ag/t, 0.96% Zn, 0.37% Pb and 0.07% Sn) over 235.55m from 0.00m to 235.55m, including a higher-grade section of 314.52 g Ag eq/t (192.18 g Ag/t, 0.22 g Au/t, 0.07% Zn, 0.41% Pb, and 0.11% Sn) over 50.68m from 24.40m to 75.08m.
- This hole had a second major intersection of 110.57 g Ag eq/t (17.38 g Ag/t, 0.09 g Au/t, 0.30% Zn, 0.21% Pb and 0.11%Sn) over 128.44m from 264.14m to 392.58m.
- Overall, 86% of this 599.8m long hole had reportable intersections which collectively average 129.70 g Ag eq/t.
- Hole DSBU-05 intersected 141.05 g Ag eq/t (22.99 g Ag/t, 0.07 g Au/t, 0.18% Zn, 0.16% Pb, 0.21% Cu and 0.12% Sn) over 153.25m from 0.00m to 153.25m which included high grade sections of:
- 201.23 g Ag eq/t (21.77 g Ag/t, 0.06 g Au/t, 0.36% Zn, 0.30 %Pb, 0.63 %Cu and 0.12% Sn) over 34.97m from 0.00m to 34.97m,
- 206.03 g Ag eq/t (24.52 g Ag/t, 0.18 g Au/t, 0.14% Zn, 0.16 %Pb, 0.11% Cu and 0.23% Sn) over 9.05m from 76.94m to 85.99m, and
- 242.83 g Ag eq/t (31.67 g Ag/t, 0.04 g Au/t, 0.23% Zn, 0.19% Pb, 0.17% Cu and 0.28% Sn) over 25.60m from 109.93m to 135.53m.
- Hole DSBU-05 has a second major intersection lower in the hole from 348.08m to 526.17m of 92.47 g Ag eq/t (23.86 g Ag/t, 0.96% Zn, 0.21% Pb) over 178.09m.
- Overall, 65% of this 641.9m long hole had reportable intersections which collectively average 107.73 g Ag eq/t.
“Holes DSBU-06 and DSBU-05 define a significant extension to the north of the major high grade mineralised area in the southern part of Santa Barbara,” Executive Vice President, Exploration commented Dr. Bill Pearson said.
“Further drilling, especially deeper, is in progress to define the full extent of this important high-grade zone. Analysis of borehole IP data and the 3D inverse magnetic model by Eloro’s geophysicists Dr. Chris Hale, P.Geo. and John Gilliatt, P.Geo. shows that the Mx Chargeability indicates stronger mineralisation at greater depth,
The spatial agreement between the interpolated chargeability and the mineralisation intersected in these holes also suggests that the mineralized zone may dip steeply to the south. Further deeper drilling will be carried out to test this highly prospective target.
“Drilling will also be carried out from the southwest to test the Northwest Extension target as the best mineralization intersected thus far is in the southern part of this target zone.”
“The addition of a fourth drill and the more rapid turnaround from both our assay laboratories at ALS and AHK has allowed us to increase the pace of the exploration drill program considerably. In the next two to three weeks we expect to have the GeologicAI core scanner on site. We have worked closely with GeologicAI to build the database for the scanner from all our available geological and geochemical information. The scanner will allow us to better outline and track the mineral and metal zonation at Iska Iska, which is critical to efficiently explore this remarkable mineralising system which remains open in all directions.”
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