Tag: Bolivia

Eloro Resources Increases Non-Brokered Private Placement Offering to 4,200,000 units for Gross Proceeds of $3,780,000 and Schedules Closing for October 31, 2024

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

Eloro Resources Ltd. (“Eloro” or the “Company”) (TSX: ELO; OTCQX: ELRRF; FSE: P2QM) is pleased to announce that, in connection with its previously announced non-brokered private placement offering (the “Offering”), the Company has increased the size of the Offering from up to 3,900,000 units of the Company (the “Units”) at $0.90 per Unit for gross proceeds of up to $3,510,000, to 4,200,000 Units for gross proceeds of $3,780,000. The Company also announces the Offering is fully subscribed and the closing of the second and final tranche is scheduled to take place on October 31, 2024. read more

Eloro Resources Announces Annual and Special Meeting Voting Results

MotherlodeTV
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 in connection with the annual and special meeting of the Company`s shareholders (the “Meeting”), that was held virtually on September 30, 2024, and in accordance with TSX reporting requirements, the following voting results were obtained. read more

Eloro Resources Receives Lead Order from Strategic Investor Crescat Capital and Announces Non-Brokered Private Placement Offering Up to $2,700,000

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

Eloro Resources Ltd. (“Eloro” or the “Company”) (TSX: ELO; OTCQX: ELRRF; FSE: P2QM) is pleased to announce it has received a lead order from the Company’s largest shareholder and strategic investor, Crescat Capital LLC, in connection with a non-brokered private placement offering (the “Offering”) of up to 3,000,000 units of the Company at $0.90 per unit (the “Units”) for gross proceeds of up to $2,700,000. read more

A Ramp: Eloro fast forwards Iska Iska

JayCurrie
Eloro Resources, ELO.T, silver, zinc, tin, Bolivia

Iska Iska, Eloro’s (ELO.T) massive silver/lead/zinc/tin discovery in Bolivia is heading towards a PEA for its starter pit. 35,000 tons a day of high-grade silver with a significant zinc component. With a little more definition drilling there should be a tin component as well. Speaking with Tom Larsen, Eloro’s CEO, it’s very clear that the PEA is well in hand. read more

Eloro Announces Restart of Definition Diamond Drilling on the Iska Iska Silver-Tin Polymetallic Project, Potosi Department, Southwestern Bolivia

Updated modelling of the potential starter pit area at Santa Barbara indicates that areas with higher-grade mineralization typically have much better drilling density, whereas holes outside the core area are too widely spaced to give an accurate grade estimate. This increased drilling density is particularly important for defining the extent of the high-grade Ag-bearing and Sn-bearing structures, and for categorizing the mineral resources from inferred to indicated, which have a major influence on overall grade and resources that will contribute to the preliminary economic assessment (“PEA”). An initial program of 5,700m of diamond drilling in 13 holes in the Santa Barbara starter pit area is planned to better define the vertical and lateral extent of high-grade Ag mineralization; fill-in gaps that are presently categorized as low-grade or waste in the resource model but are very likely mineralized; expand the higher-grade Sn mineralization to the west; and complete an additional 1,400m in two large size PQ holes for further metallurgical testing. Drill pads are expected to be completed by mid-September for start up of this initial diamond drilling program. The Santa Barbara Adit and area will be of particular interest and focus, where previous systematic continuous channel sampling along the adit returned average grades of 164.96 g Ag/t, 0.46%Sn, 3.46% Pb and 0.14% Cu over 166m including 446 g Ag/t, 9.03% Pb and 1.16% Sn over 56.19m. Once this initial 7,100m drilling program is completed, an additional 7,000m drilling program is planned in the polymetallic Ag-Zn-Pb and Sn-Ag domains to produce an independent updated mineral resource estimate (“MRE”) which will be reported and incorporated into the PEA. The Eloro team continue to look for opportunities to process tin zones for recovery of cassiterite either after cessation of the aforementioned Ag-Zn-Pb project by adding a tin plant onto the existing flotation plant infrastructure already installed or construction of a stand-alone tin plant. A silver rich bi-product is envisaged from processing the tin-silver domain that would be commercialized separately. The tin–silver sulphide domain will be metallurgically tested so it can be included in the PEA study. A conceptual scoping study has been initiated that will identify the potential for developing an underground ramp into the core of the Santa Barbara zone, with the following objectives: Extract systematic bulk and channel samples to confirm grade and continuity of mineralization especially for Ag and Sn Generate samples for external laboratory bulk metallurgical test work Potentially leading to a small pre-concentration plant to generate additional metallurgical data on this important stage in the process and permit pre-concentrated “ore” that could be treated at Empresa Minera Villegas SRL’s lead-zinc-silver differential flotation plant located 15 km from Iska Iska for the production of silver-rich lead and zinc concentrates. This would potentially provide a source of short-term income to help support the capital and operating costs of this initiative. It would also demonstrate the technical viability of the pre-concentration plant unit processes in readiness for the 35,000 tonnes per day bulk tonnage open pit mine model envisioned for the PEA. Detailed geological and engineering work to further assess the ground-water quality, contamination risks, predicting geologic hazards, characterizing mineral resources and their extraction costs, producing geotechnical information, waste repository siting and general education. Provide access for targeted underground diamond drilling to further upgrade the mineral resource
MotherlodeTV
ELO.V, Eloro, 321gold.com, Bob Moriarty, Bolivia, Iska Iska property,
Geological and Planned Drill Hole Location Map, Santa Barbara Potential Starter Pit Area.

Eloro Resources Ltd. (TSX: ELO; OTCQX: ELRRF; FSE: P2QM) (“Eloro: or the “Company”) is pleased to provide an update on Eloro’s Iska Iska silver-tin polymetallic project in Potosi Department, southern Bolivia. read more

Eloro Provides Update on Iska Iska Silver-Tin Polymetallic Project, Potosi Department, Southwestern Bolivia

Updated modelling of the potential starter pit area at Santa Barbara zone highlights the importance of completing additional drilling to better define the grade and extent of the mineral resource in this area. Areas with higher-grade resource typically have much better drilling density but holes outside the core potential pit area are too widely spaced to give an accurate estimate of grade. Substantive progress has been made on the preliminary economic evaluation (“PEA”) which is focussing on the Ag-Zn-Pb-Sn mineralization. The preliminary optioneering study has shown that a 12 million tpa mining operation appears the most attractive option based upon XRT “Ore” Sorting and/or Dense Media Separation which effectively doubles the grade feeding the milling and flotation circuit and which is also likely to enhance downstream metal recoveries. Reduced pre-concentrated tonnage results in reduction of all downstream capital and operating costs associated with milling, froth flotation and wet tailings storage facility (“TSF”). The inclusion of this pre-concentration stage in the flowsheet, has allowed Eloro to find optimum pre-concentration scenarios to suit the grades required for downstream processing. Further studies have helped define local costs for the PEA study. The high chargeability anomaly in the southeast that extended the mineralized structural corridor at Iska Iska 600m further to the southeast for an overall strike length of at least 2km is a high priority target with excellent potential to outline a second starter pit area. This anomaly is stronger than the anomaly over the high grade resource in the potential starter pit area of Santa Barbara.
MotherlodeTV
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 provide an update on Eloro’s Iska Iska silver-tin polymetallic project in Potosi Department, southern Bolivia. read more

Eloro Resources Announces the Launching of the Documentary Film “Viva Tupiza! Viva Bolivia!”

MotherlodeTV
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, in collaboration with the Canadian Bolivian Chamber of Commerce, the release of “Viva Tupiza! Viva Bolivia!” a short documentary produced and filmed in Bolivia in the Tupiza area where Eloro’s Iska Iska silver-tin polymetallic project is located. read more

Eloro Resources Announces up to C$3.96 Million Non-Brokered Prospectus Exempt Offering Pursuant to the Listed Issuer Exemption

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

TORONTO, March 13, 2024 (GLOBE NEWSWIRE) — Eloro Resources Ltd. (“Eloro” or the “Company”) (TSX: ELO; OTCQX: ELRRF; FSE: P2QM) is pleased to announce a non-brokered prospectus exempt offering (the “Offering”) of up to 3,300,000 units of the Company at a price of C$1.20 per Unit for gross proceeds of up to C$3,960,000, pursuant to the listed issuer financing exemption available under Part 5A of National Instrument 45-106 – Prospectus Exemptions (the “Listed Issuer Exemption”). There is an offering document relating to the Offering that can be accessed under the Company’s profile at www.sedarplus.ca and at www.elororesources.com. Prospective investors should read this offering document before making an investment decision. read more

Eloro Resources Amends Payment Schedule for Iska Iska Silver-Tin Polymetallic Project, Potosi Department, Bolivia

MotherlodeTV
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, by mutual agreement with 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”), the payment schedule in connection with the remaining portion of the aggregate US$10 million payment required for Eloro to earn a 100% interest in Iska Iska has been amended. read more