Eloro Resources

About This Project
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Iska Iska
Ownership: Shareholder ELO:TSXV
Commodities: Polymetalic Gold, Silver, Zinc, Lead, Copper, Bismuth, Indium
Location: Potosi Department, Bolivia
Status: Exploration
Next Steps: Proposed 2,500m drill program within undeground workings targeting vein system

 

Link: https://elororesources.com/en/projects/iska-iska/

 

In October 2019, Eloro signed an option to aquire 100 percent of the Iska Iska Property in Bolivia covering 900 hectares in the resource rich Potosi Department. Iska Iska is a road accessible, royalty-free property, wholly-owned by the Title Holder and is located 48 km north of Tupiza city, in the Sud Chichas Province of the Department of Potosi. The Property can be classified as a polymetallic (Ag, Zn, Pb, Au, Cu, Bi, Sn, In) epithermal-porphyry complex, which overprints an early higher temperature xenothermal phase.

 

Geological mapping on the Property has revealed the spatial and temporal zonation of alteration and vein minerals in an area of about 5 square kilometres through the property area.

 

In August 2019, Eloro performed preliminary evaluation work at Iska Iska that included geological mapping and sampling, whereby 42 channel samples were collected. All of the channel samples included altered wall rock with widths ranging between 1.20 to 5.55m, averaging 2.90 m. Four underground workings were sampled, including the Huayra Kasa which has two branches, one bearing a W-NW direction and the second oriented in a North-South direction, with the latter appearing to be more enriched in gold.

 

Additionally, the Santa Barbara, Porco and Mine 2 adits were sampled, together with two sectors on surface. Chemical assays were performed at the ALS Laboratory in both Oruro, Bolivia (preparation) and in Lima, Peru (analysis).

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La Victoria
Ownership: Shareholder ELO:TSXV; Own a 2% NSR on La Victoria
Commodities: Gold, Silver
Location: Ancash Department, Peru
Status: Exploration
Next Steps: Second Phase Drill Program

 

Link: https://elororesources.com/en/projects/la-victoria/

 

Located in Central Peru, the property sits within a 300-kilometer andean belt which hosts world-class, low-cost gold producers including Tahoe Resources Inc (TSX:THO) and Barrick Gold Corp (TSX:ABX). It is supported by excellent infrastructure including road access, water supply and an industrial power corridor within 4.3 kilometers of the site. The property sits at elevations ranging from 3,000 to 4,500 meters above sea level, nearby the population centers of Huandoval, Pallasca and Cabana.

 

Mineralization on La Victoria
The La Victoria property is made up of nine registered mining concessions and has shown five primary mineralization zones that have been the focus of Eloro’s exploration activities: San Markito, Rufina, Victoria, Victoria South and Ccori Orcco.

 

The vein systems on the property measure between 20 meters to 70 meters wide and up to 500 meters long, running in a northwest to southeast direction.

 

Since acquiring the property at the end of 2016, Eloro has conducted a series of geological mapping, geophysical survey and sampling activities. Results helped to further identify the drilling targets for the company’s first phase of drilling.

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