- Eloro Resources’ CEO, Thomas Larsen recently attended the Mines and Money London conference as a featured speaker during the event.
- As part of the forum, Larsen participated in a one-on-one interview with Commodity-TV, during which he elaborated on the prospects of the company’s Bolivian silver – tin polymetallic project, Iska Iska
- With initial exploratory drilling analysis taking place on the site since September of 2020, Larsen expressed his optimism on the resource metal concentration within the Iska Iska project
- Eloro will look to publish its inaugural resource estimation by March 2023 prepared by Micon International
Eloro Resources Ltd. (TSX.V: ELO) (OTCQX: ELRRF) (FSE: P2QM), an exploration and mine development company focused solely on its key Bolivian property, ISKA ISKA, was a featured presenter at the recent Mines and Money London conference. Held between Nov. 29 – Dec. 1, 2022, the Mines and Money London forum has emerged as Europe’s largest and most in-depth mining conference dedicated towards touting the global sustainability agenda. With a focus on energy transition, ESG, decarbonisation and the circular economy, the production of tin, zinc and silver – crucial ingredients needed to fuel the ongoing green energy transition, has gained particular relevance in years. As part of the conference agenda, this year’s event played host to an in-depth interview carried out by Commodity-TV featuring Eloro Resources CEO, Thomas Larsen (https://nnw.fm/AK5Jl).
Iska Iska is located in the prolific Potosi region of Southern Bolivia, an area renowned for its world-class silver and tin deposits. ISKA ISKA is located a mere 180 kilometers south of the Cerro Rico deposit, which is widely acknowledged as one the world’s most prolific silver deposits having produced over 2.5 billion silver ounces since the sixteenth century and still producing today. Having optioned the deposit from the tract’s owners in January 2020, Eloro agreed to pay a gross consideration amounting to $10 million to the title holder by 2024 to acquire a 100% interest in the project. With just under half of the figure already disbursed, Eloro will seek to make the balance payment of $5.6 million at or before June 2024.
Eloro commenced the inaugural drill program at the Iska Iska site in Sept. 2020 and since then, has drilled over 120 holes and 85,000 meters within the property. These initial discoveries in late 2020 convinced the company of the site’s relative potential. Between Nov. 2020 and Jan. 2021, the company found that its initial holes – most of which were between 250 and 300 meters in length, were delivering bulk tonnage of 150 silver grams equivalent per ton – a level of silver concentration which has been found to be economically viable in the past.
Larsen further revealed that Eloro Resources was acquiring the Mina Casiterita and Mina Hoyada properties, that adjoin the existing Iska Iska deposit towards the property’s western and south-western boundaries. These two properties have the same mineral characteristics as that of ISKA ISKA, allowing a potential extension of the overall deposit, but just as importantly, easier access to the potential tin deposit below. Larsen explained that artisanal mining in the 1960’s had revealed the Mina Casiterita property to contain significant amounts of tin. As such, it came as little surprise when Larsen stated during the interview that geophysical data now suggested that the high-grade feeder zone could be extended for another 500 metres to 2,000 metres, which the final drill holes had initially tested in the 2022 program.”
Following the purchase and post the near-term conclusion of exploratory drilling within the Iska Iska deposit, the company has now set their sights on the continuation of exploring this sizable deposit and the completion of the inaugural resource b by March 2023, a development which could mark the next step in Eloro Resources’ commercial journey.
For more information, visit the company’s website at www.EloroResources.com.
NOTE TO INVESTORS: The latest news and updates relating to ELRRF are available in the company’s newsroom at https://nnw.fm/ELRRF
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