Tag: Bolivia

Eloro Resources Reports the Longest and Highest-Grade Tin Intersection Obtained thus far in Drilling at its Iska Iska Project, Potosí Department, Bolivia with 213.00 Metres Grading 0.51% Tin (Sn)

Highlights: DSB-87, an infill hole drilled 150m southeast of discovery hole DSB-72, intersected 213.00m grading 0.51% Sn and 25.46 g/t Ag within a broader interval of 241.50m grading 0.47% Sn and 23.17 g/t Ag, beginning at 26.10m, including 1.18% Sn over 34.50m, beginning at 62.10m. This is the longest and highest-grade tin intersection obtained thus far in drilling at Iska Iska. Hole DSB-87 also includes higher-grade sections of: 238.40 g/t Ag and 1.55% Sn over 4.50m, beginning at 150.60m, and 0.64% Zn over 54.00m, beginning at 267.60m. DSB-80, a step-out hole collared 75m southwest of hole DSB-76, intersected several higher-grade silver, tin, gold and zinc intervals: 53.10g/t Ag over 15.00m, beginning at 340.50m 30 g/t Ag over 9.00m, beginning at 445.50m, 34.50 g/t Ag over 10.50m, beginning at 460.50m, 0.30% Sn and 3.01 g/t Au over 0.75m beginning at 516.00m, 1.44% Zn over 6.00m beginning at 231.00m and 41.13 g/t Ag and 2.36% Zn over 6.00m beginning at 250.50m. Hole DSB-84, a step-out hole 50m southwest of hole DSB-35, intersected higher-grade tin and silver intervals, including: 31.62 g/t Ag over 16.50m, beginning at 109.00m, including 108.80 g/t Ag over 3.00m, beginning at 109.00m 34.85 g/t Ag over 3.00m, beginning at 122.50m 67.70 g/t Ag and 0.21% Sn over 4.50m beginning at 214.00m. DSB-85, a step-out hole drilled 125m southwest of hole DSB-79 intersected a number of higher-grade tin and silver intervals: 38.26 g/t Ag over 22.50m, beginning at 58.50m, including 65.60 g/t Ag over 10.50m, beginning at 58.50m 68.36 g/t Ag over 10.50m, beginning at 136.50m 198.08 g/t Ag over 9.00m, beginning at 166.50m 92.40 g/t Ag and 0.22% Sn over 6.00m, beginning at 186.00m 0.79% Sn over 3.00m, beginning at 196.50m 80.32 g/t Ag and 0.29% Sn over 7.50m, beginning 307.50m 0.38% Sn over 4.50m, beginning at 379.50m 0.20% Sn over 30m, beginning at 399.00m, including 1.45% Sn over 1.50m, beginning at 399.00m and 0.36% Sn over 4.50m, beginning at 417.00m. DSB-86, a step-out hole drilled 50m northeast of hole DSB-47, intersected a very long zinc and lead interval grading 0.81% Zn and 0.80% Pb over 241.50m, beginning at 102.70m, including a higher section grading 1.56% Zn and 0.98% Pb over 100.50m, beginning at 242.20m. It also included 52.80 g/t Ag and 1.30% Pb over 7.50m, beginning at 192.70m. Further downhole it intersected 0.85% Zn over 105.00m, beginning at 344.20m and 81.00 g/t Ag over 6.00m, beginning at 497.95m. Note: True width is approximately 80% of core length. Results from the new definition drill program have further expanded the footprint of a large multi-phase hydrothermal system in the potential starter pit at Iska Iska with dimensions having increased to approximately 800m by 500m by 500m deep. The current results have increased dimensions by 100m by 100m along and across strike, compared with those previously reported.
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V.ELO, Eloro Resources, Peru, gold, Tom Larsen
Location Map of Definition Diamond Drill Holes, Santa Barbara zone, Iska Iska. The yellow circles highlight the location of holes DSB-80, DSB-84, DSB-85, DSB-86 and DSB-87 referred to in this release.

Eloro Resources Ltd. (TSX: ELO; OTCQX: ELRRF; FSE: P2QM) (“Eloro”, or the “Company”) is pleased to announce further assay results from five (5) drillholes (DSB-80, DSB-84, DSB-85, DSB-86 and DSB-87) of the second phase definition diamond drilling program. Four of these holes are located in the Polymetallic Domain (DSB-80, DSB-84, DSB-85 and DSB-86) and one is in the Tin Domain (DSB-87), in the potential Santa Barbara starter pit area. These results have further expanded the footprint of a large multi-phase hydrothermal system in the potential starter pit with dimensions having now increased to approximately 800m by 500m by 500m deep (see Figure 1). The current results have increased dimensions by 100m by 100m along and across strike, compared with those previously reported (see Eloro’s Press Release dated August 6, 2025). To date, a total of 6,242m of diamond drilling in twelve (12) holes has been completed in the current definition drilling phase. A total of 2,346m was completed in the five (5) holes reported, with assays pending for the remaining two holes totalling 1,025m. read more

Eloro Resources Announces Closing of C$14.0 Million Bought Deal LIFE Private Placement

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V.ELO, Eloro Resources, Peru, gold, Tom Larsen

Eloro Resources Ltd. (TSX: ELO; FSE: P2QM) (“Eloro” or the “Company”) is pleased to announce the closing of its previously announced “bought deal” private placement (the “Offering”) for gross proceeds of C$14,001,250, which includes the exercise in full of the over-allotment option. Pursuant to the Offering, the Company sold 12,175,000 units of the Company (the “Units”) at a price of C$1.15 per Unit (the “Offering Price”). Red Cloud Securities Inc. (“Red Cloud”) acted as sole underwriter and bookrunner under the Offering. read more

Eloro Resources Announces Further Upsize of Bought Deal LIFE Private Placement for Gross Proceeds of C$11.0 Million

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V.ELO, Eloro Resources, Peru, gold, Tom Larsen

 Eloro Resources Ltd. (TSX: ELO; OTCQX: ELRRF; FSE: P2QM) (“Eloro” or the “Company”) is pleased to announce that further to its press releases dated August 22, 2025 and as a result of strong investor demand, the Company has further increased the gross proceeds of its previously announced “bought deal” private placement (the “Underwritten Offering”) from C$10,000,400 to C$11,000,900. Pursuant to the upsized Underwritten Offering, Red Cloud Securities Inc. (“Red Cloud”), as sole underwriter and bookrunner, has agreed to purchase for resale 9,566,000 units of the Company (the “Units”) at a price of C$1.15 per Unit (the “Offering Price”). read more

Eloro: Lining Up the PEA in Bolivia

Jay Currie
Eloro, ELO.T, Bolivia, silver, tin, zinc, lead

It is always a pleasure to speak with Tom Larsen, CEO of Eloro Resources (ELO.T). Even if it means reading a long and very technical press release. A release which, boiled down to essentials said that the company drilled five definition holes at its Iska Iska property in Bolivia and hit higher grade tin or silver or both mineralization in every one of them. And there are more holes to report. read more

Eloro Resources Announces Upsize of Bought Deal LIFE Private Placement for Gross Proceeds of C$10.0 Million

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ELO.V, Eloro, 321gold.com, Bob Moriarty, Bolivia, Iska Iska property,

Eloro Resources Ltd. (TSX: ELO; OTCQX: ELRRF; FSE: P2QM) (“Eloro” or the “Company”) is pleased to announce that as a result of strong investor demand, the Company has doubled the size of its previously announced “bought deal” private placement (the “Underwritten Offering”) from gross proceeds of C$5,000,200 to gross proceeds of C$10,000,400. Pursuant to the upsized Underwritten Offering, Red Cloud Securities Inc. (“Red Cloud”), as sole underwriter and bookrunner, has agreed to purchase for resale 8,696,000 units of the Company (the “Units”) at a price of C$1.15 per Unit (the “Offering Price”). read more

Eloro Resources Announces Bought Deal LIFE Private Placement for Gross Proceeds of C$5.0 Million

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ELO.V, Eloro, 321gold.com, Bob Moriarty, Bolivia, Iska Iska property,

 Eloro Resources Ltd. (TSX: ELO; OTCQX: ELRRF; FSE: P2QM) (“Eloro” or the “Company”) is pleased to announce that it has entered into an agreement with Red Cloud Securities Inc. (“Red Cloud”), as sole underwriter and bookrunner, pursuant to which Red Cloud has agreed to purchase for resale 4,348,000 units of the Company (the “Units”) at a price of C$1.15 per Unit (the “Offering Price”) on a “bought deal” basis in a private placement for gross proceeds of C$5,000,200 (the “Underwritten Offering”). read more

Eloro Resources Continues to Expand Higher-Grade Tin and Silver Mineralization in Step-Out Definition Drilling at its Iska Iska Project, Potosí Department, Bolivia

DSB-78, a step-out hole 75m southwest of discovery hole DSB-72, intersected a higher-grade tin zone grading 0.40% Sn over 79.50m beginning at 319.60m, including a higher-grade section of 0.89% Sn over 16.50m beginning at 366.10m. Further downhole, it intersected 0.57% Sn over 25.50m beginning at 486.10m, including a section grading 0.90% Sn over 13.50m beginning at 495.10m. Hole DSB-79, a step-out hole collared 75m southwest of hole DSB-64, intersected both silver- and tin-enriched zones. Higher-grade silver grading 52.73 g/t Ag over 43.50m occurs from 214.10m, including 401.65 g/t Ag over 3.00m beginning at 244.10m. Further down hole a number of higher grade tin intersections were returned including: 0.43% Sn over 3.00m beginning at 404.60m, 0.31% Sn over 9.00m beginning at 418.10m, 0.72% Sn over 4.50m beginning at 454.10m, 0,21% Sn over 6.00m beginning at 440.60m, and 0.28% Sn over 1.50m beginning at 472.10m. DSB-81, a step-out hole 50m southwest of hole DSB-35, intersected 0.18% Sn over 57.00m beginning at 9.60m, including higher grade sections of 0.33% Sn over 6.00m beginning at 9.6m and 0.32% Sn over 6.00m beginning at 44.10m. Hole DSB-82 drilled 50m northeast of hole DSB-35 intersected 0.16% Sn and 14.19 g/t Ag over 15.00m beginning at 97.80m. It also intersected 0.23% Sn over 12.00m beginning at 472.80m. DSB-83 drilled 135m northeast of discovery hole DSB-72, intersected a number of significant silver and tin intervals: 39.43 g/t Ag over 31.50m beginning at 52.30m, including 43.53 g/t Ag over 25.50m beginning at 52.30m. 51.24 g/t Ag over 25.50m beginning at 313.50m, including 69.22 g/t Ag over 13.50m beginning at 315.00m. 0.39% Sn and 33.62 g/t Ag over 49.50m beginning at 349.50m, including 0.84% Sn over 3.75m beginning at 367.50m, and 1.10% Sn over 6.00m beginning at 390.00m. 0.22% Sn over 15.00m beginning at 408.00m. 0.23% Sn over 6.00m beginning at 457.50m. 37.91 g/t Ag over 16.50m beginning at 513.00m, including 87.00 g/t Ag over 4.50m beginning at 513.00m. 0.29% Sn over 1.50m beginning at 540.00m. Note: True width is approximately 80% of core length. Silver equivalent (Ag eq) grades are calculated using 3-year average metal prices of Ag = US$24.14/oz, Zn = US$1.36/lb , Pb = 0.98/lb and Sn = US$13.74/lb, and preliminary metallurgical recoveries of Ag = 88%, Zn = 87%, Pb= 80% and Sn = 50%. In selecting intervals, a cutoff grade of 30 g Ag eq/t has been used. Lower grade material may be included in intersections where geological continuity is warranted. Results from the first 5 diamond drillholes from the restart definition drill program has significantly expanded the higher-grade tin mineralization and the shallower higher grade silver mineralized zone which is above the tin zone. The tin mineralization is extended at least 100m laterally beyond the known mineralization in the western part of the Santa Barbara zone and remains open along strike.
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ELO.V, Eloro, 321gold.com, Bob Moriarty, Bolivia, Iska Iska property,
Location Map of Definition Diamond Drill Holes, Santa Barbara zone, Iska Iska. The yellow circles highlight the location of holes DSB-78, DSB-79, DSB-81, DSB-82 and DSB-83 referred to in this release.

Eloro Resources Ltd. (TSX: ELO; OTCQX: ELRRF; FSE: P2QM) (“Eloro”, or the “Company”) is pleased to announce assay results from the first five (5) drillholes of the restart phase definition diamond drilling program in the predominant tin domain potential Santa Barbara starter pit area in the Iska Iska silver-tin polymetallic project in the Potosi Department of southwestern Bolivia. A total of 2,871.4m of diamond drilling has been completed in these five (5) holes with assays pending for the remaining three holes totalling 1,413.90m. Figure 1 shows the location of drill holes reported, Table 1 lists significant assay results and Table 2 lists drill hole coordinates. read more

Cartier Provides Update on its Chorrillos Project, Southern Bolivia

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Cartier Silver Corporation (CSE: CFE) (“Cartier Silver” or the “Company”) is pleased to report that through its Bolivian subsidiary, Minera Cartier Bolivia S.R.L. (“Cartier Bolivia”), it has acquired 50% of the capital quotas (the “Acquisition”) of Empresa Minera Gonalbert S.R.L. and Empresa Minera Segovia S.R.L. (the “Vendors”), who are the registered title holders of two separate properties, the Gonalbert Mining Area and Felicidad Mining Area, both part of the Company’s Chorrillos Project, located in Southern Bolivia. read more

Eloro Resources Makes a US$1.5 Million Option Payment for the Iska Iska Silver-Tin Polymetallic Project, Potosi Department, Bolivia

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ELO.V, Eloro, 321gold.com, Bob Moriarty, Bolivia, Iska Iska property,

Eloro Resources Ltd. (TSX: ELO; OTCQX: ELRRF; FSE: P2QM) (“Eloro”, or the “Company”) is pleased to announce that it made a US$1,500,000 option payment to Empresa Minera Villegas S.R.L. (“Minera Villegas”), the title holder of the Iska Iska silver-tin polymetallic project in the Potosi Department, southern Bolivia (“Iska Iska”), leaving a final cash payment of US$1,150,000 due on January 6, 2026. read more