Cartier Silver Corporation (CSE:CFE) (“Cartier Silver” or the “Company”) is pleased to announce that, due to investor demand in connection with its previously announced (see the Company’s press release dated November 22, 2022) private placement offering (the “Private Placement”), it is increasing the size of the Private Placement to up to 10 million units of the Company (“Units”) at a price of $0.40 per Unit for gross proceeds of up to $4 million.
Tom Larsen, CEO of Eloro Resources (ELO.V), knows that the company’s Iska Iska silver tin deposit in Bolivia is big. Just how big is being delineated with a significant drilling program. A full 43-101 mineral resource is expected in Q3 of 2022.
It can take the market a day or two to actually understand a technical press release. On March 1, 2022, Eloro Resources (ELO.V) put out a news release which needed to be carefully read to reveal a significant intersection with heavily mineralized rock over 373 meters at its Iska Iska property in Bolivia. This intersection is particularly important because, while it certainly contains silver, it has an abundance of tin.
Eloro Resources Ltd. (the “Company” or “Eloro”) (TSX-V: ELO; OTCQX: ELRRF; FSE: P2QM) is pleased to announce that it has amended the terms of its previously announced bought deal financing to increase the size of the offering to C$5.5 million (the “Upsized Offering”).
Tom Larsen, CEO of Eloro Resources (V.ELO), is waiting, somewhat patiently, for the results of drilling at the company’s Iska Iska project in Southern Bolivia. Eloro signed the Iska Iska deal in January and the drills are turning.
Eloro Resources Ltd. (TSX-V: ELO; FSE: P2Q) (“Eloro”, or the “Company”) is pleased to announce that its Bolivian subsidiary Minera Tupiza S.R.L. has completed the three (3) underground drill bays in the Huayra Kasa Mine required for the planned 3,500m underground diamond drilling program on its optioned Iska Iska Polymetallic Project in Potosi Department, southern Bolivia. The Company and contractor Empresa Minera Villegas S.R.L. have implemented safeguards to protect personnel from COVID-19. Minera Tupiza S.R.L. has received clearance from the Government of Bolivia for travel to Tupiza. Drilling will be carried out by Leduc Drilling S.R.L. and is expected to commence in early September. All workings will be systematically geologically mapped and channel sampled prior to commencement of the drill program.
Eloro Resources Ltd. (TSX-V: ELO; FSE: P2Q) (“Eloro” or the “Corporation”) is pleased to announce that, further to its release dated May 1, 2020, it is proceeding with an increased non-brokered private placement (the “Private Placement”) of up to 2,200,000 units of Eloro at a price of $0.25 per unit (“Units”) for proceeds of up to $550,000.
Eloro Resources Ltd. (TSX-V: ELO; FSE: P2Q) (“Eloro”, or the “Company”) is pleased to announce that it has retained Micon International Limited (“Micon”) to complete a National Instrument (“NI”) 43-101 Technical Report on the Iska Iska polymetallic epithermal project (the “Property”), in the Potosí Department, southern Bolivia, which is under option by Minera Tupiza S.R.L., Eloro’s wholly-owned Bolivian subsidiary. Eloro recently announced the signing of the Definitive Option Agreement on the Property (see Eloro’s press release dated January 8, 2020).
Eloro Resources Ltd. (TSX-V: ELO; FSE: P2Q) (“Eloro”, or the “Company”) is pleased to announce the signing of the Definitive Option Agreement on the Iska Iska polymetallic epithermal project, in the Potosí Department, southern Bolivia by Minera Tupiza S.R.L., Eloro’s wholly-owned Bolivian subsidiary.