24 Feb 2021 ELORO RESOURCES CONTINUES TO SEE LONG INTERCEPTS OF POLYMETALLIC MINERALIZATION AT THE SANTA BARBARA BRECCIA PIPE, POTOSI DEPARTMENT, SOUTHERN BOLIVIA
Eloro Resources Ltd. has provided further diamond drill results from its Iska Iska silver-polymetallic project in Potosi department, southern Bolivia. To date, Eloro has completed 22 holes totalling 7,185 metres from both underground (12) and surface drill holes (10). Currently a steeply inclined deep hole, DSB-06, is in progress to test the Santa Barbara breccia pipe (SBBP) at depth. This release reports results from the last two underground holes (DHK-16 and DHK-17) and the first radial surface hole from SBBP (DSB-01). Results from the first deep radial hole, DSB-02, are delayed for reasons discussed below.
Results for holes DHK-16, DHK-17 and DSB-01 are listed in the “Significant assay results holes DHK-16, DHK-17 and DSB-01, Santa Barbara breccia pipe, Iska Iska” table, available on-line. Due to the polymetallic nature of the deposit, silver equivalent (AgEq) values have been included for comparative purposes. Pending holes are listed in the “Summary of diamond drill holes at Iska Iska from press release of Feb. 16, 2021, with assays pending” table.
Highlights of the SBBP drill results are as follows.
Underground drill holes
- 67.39 g/t AgEq over 213.10 m including 205.17 g/t AgEq over 13.04 m in hole DHK-16, drilled at minus 10 degrees 50 m southwest and parallel to hole DHK-14 (see press release Jan. 26, 2021);
- 279.82 g/t AgEq over 8.57 m, 74.21 g/t AgEq over 52.93 m and 121.61 g/t AgEq over 37.85 m in hole DHK-17, drilled at minus 50 degrees 50 m southwest and parallel to hole DHK-15 (see press release Jan. 26, 2021).
Radial surface drill hole
- 114.43 g/t AgEq over 33.25 m in hole DSB-01 drilled at minus 45 degrees south.
Eloro also received preliminary analytical results from hole DSB-02, drilled at minus 60 degrees south from the radial set-up at SBBP. As previously reported, this hole intersected 332 m of mineralized breccia in the adjacent Central breccia pipe (CBP) from 300 m to the end of the hole at 632 m with the breccia open at depth. Preliminary analytical results indicate that the CBP is chemically distinct from the SBBP. The metal association seen in the lower part of this hole, especially the last 15 m, sees associated Sn (tin) up to 0.23 per cent, Ag (silver) up to 13.3 grams per tonne (g/t) and Au (gold) up to 0.89 g/t with considerably lower Pb (lead), up to 0.052 per cent, and Zn (zinc), up to 0.292 per cent, than what has been seen in the SBBP. Eloro considers that this style of mineralization is more closely aligned with large tin porphyries in the region and that a similar porphyry potentially underlies the CBP and perhaps more of the Iska Iska project area.