Tag: peru

Eloro Resources to Acquire Additional Properties to Significantly Expand Holdings at the Iska Iska Silver-Tin Polymetallic Project, Potosi Department, Bolivia

The Mina Casiterita and Mina Hoyada properties to be acquired cover 14.75 km2 southwest and west of Iska Iska. These properties connect with the TUP-3 and TUP-6 claims previously staked by Eloro. Eloro has also staked additional land in the area. Following the acquisition, the total land package in the Iska Iska area to be controlled by Eloro will total 1,935 quadrants covering 483.75 km2. Artisanal mining in the 1960’s identified high grade tin (Sn) veins on the Mina Casiterita property that are hosted in an intrusive dacite. Production from 1962 to 1964 is reported by the Departamento Nacional de Geología in Bolivia to be 69.85 tonnes grading 50.60% Sn. Recently completed magnetic surveys by Eloro has outlined an extensive, near surface, magnetic intrusive body on the Mina Casiterita property immediately southwest of Iska Iska. This intrusive hosts the previously mined high-grade tin veins and is very likely the continuation of the porphyry tin intrusion projected to be below the epithermal Ag-Sn-Zn-Pb mineralization at Iska Iska. The Porco adit from which previously reported channel sampling returned 103m grading 521 g Ag eq/t (including 117g Ag/t, 1.44 g Au/t, 0.54% Cu and 0.66% Sn) in altered basement sediments, is located near the northeast part of the magnetic anomaly, attesting to the potential strength and high-grade nature of the mineralized system in the area. Drilling is planned on Mina Casiterita in Q1 2023 with geological mapping, sampling and geophysical surveys now in progress on the full land package across the Iska Iska region.
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ELO.V, Eloro, 321gold.com, Bob Moriarty, Bolivia, Iska Iska property,

Eloro Resources Ltd. (TSX-V: ELO; OTCQX: ELRRF; FSE: P2QM) (“Eloro”, or the “Company”) is pleased to announce it has entered into an option agreement (the “Agreement”) to acquire the Mina Casiterita and Mina Hoyada properties (the “Acquisition”) which collectively cover 14.75 km2 southwest and west of the Iska Iska Silver-Tin Polymetallic Project (“Iska Iska”). Artisanal mining in the 1960’s identified high grade tin veins on the Mina Casiterita property that are hosted in intrusive dacite. Production from 1962 to 1964 is reported by the Departamento Nacional de Geología (National Department of Geology) in Bolivia as 69.85 tonnes grading 50.60% Sn. These properties connect with the TUP-3 and TUP-6 claims previously staked by Eloro. The Company has also staked additional claims in the Iska Iska region, as shown in Figure 1. Collectively, the land package to be controlled by Eloro following the Acquisition will total 1,935 quadrants covering 483.75 km2. This includes the Tomave, Khuchu Ingenio and Puna properties, located further north towards Potosi (Figure 1). read more

Eloro Resources Files Updated NI 43-101 Technical Report on Iska Iska Project

Eloro Resources Also Announces Filing of Final Base Shelf Prospectus
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ELO.V, Eloro, 321gold.com, Bob Moriarty, Bolivia, Iska Iska property,

Eloro Resources Ltd. (the “Company” or “Eloro”) (TSX-V: ELO; OTCQX: ELRRF; FSE: P2QM) is pleased to announce that it has filed on SEDAR an updated technical report (“Technical Report”) on the Company’s Iska Iska silver-tin polymetallic project, prepared by Micon International Limited (“Micon”) and in accordance with National Instrument 43-101. read more

Channel Sampling at Porco Adit returns 103m Strike Length Grading 521 Ag eq/t (including 117 g Ag/t, 1.44 g Au/t, 0.54% Cu and 0.66%Sn) at Iska Iska Silver-Tin Polymetallic Project, Potosi Department, Bolivia

Drill hole DPC-01 on the edge of a major magnetic susceptibility anomaly in the Porco Breccia Pipe area returned sixteen (16) separate zones of sulphide veins including 110.30 g Ag eq/t over 3.0m. Magnetic inversion model outlines extensive target zone in the Porco-Central Breccia Pipe areas.
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ELO.V, Eloro, 321gold.com, Bob Moriarty, Bolivia, Iska Iska property,

Eloro Resources Ltd. (TSX-V: ELO; OTCQX: ELRRF; FSE: P2QM) (“Eloro”, or the “Company”) is pleased to provide an update on its Iska Iska silver-tin polymetallic project in the Potosi Department, southern Bolivia. To date, the Company has completed 35,738 metres (m) in 68 drill holes including three (3) in progress to test major target areas at Iska Iska. This press release reports drilling results from one (1) additional hole which tested the Porco Breccia Pipe (“PBP”) (Hole DPC-01) and new underground channel sampling from the Porco adit located approximately 200m south of the PBP. Currently three drill rigs are in operation at Iska Iska. Two surface drill rigs are continuing to drill at the Santa Barbara Resource Definition Target Zone (Figure 1) to outline an initial National Instrument 43-101 (“NI-43-101”) compliant resource. A third drill, an underground rig, situated in the west end of the Santa Barbara Adit, is testing the eastern part of Santa Barbara Breccia Pipe (“SBBP’) and its mineralized envelope. Figure 1 is a geological plan map showing locations of drill holes completed, in progress and planned to complete resource definition drilling along with an updated geological interpretation. Figure 2 is a plan map of channel sampling at the Porco adit. Table 1 provides significant drilling results with definitions of chemical symbols, Table 2 details channel sample results from the Porco adit and Table 3 lists holes completed with assays pending, as well as holes in progress in the three major target areas. Highlights include: read more

Eloro Resources Makes Iska Iska Polymetallic Property Option Payment

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

Eloro Resources Ltd. (TSX-V: ELO; OTCQX: ELRRF; FSE: P2QM) (“Eloro”, or the “Company”) is pleased to announce that it has advanced US$3 million as property option payments, pursuant to the Private Option Agreement (the “Agreement”) to acquire a 99% interest in the Iska Iska silver-tin polymetallic project (“Iska Iska”) in the Potosi Department, southern Bolivia. The Agreement grants Eloro the option to acquire a 99% interest in Iska Iska for consideration consisting of 500,000 Eloro common shares, of which 250,000 have been issued, with the remaining 250,000 to be issued on or before January 6, 2022, and the payment of US$10 million, of which US$3 million has been paid to date, with the remaining US$7 million due on or before January 6, 2024. read more

Eloro Resources Provides Update on its La Victoria Silver/Gold Project, Peru

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

Eloro Resources Ltd. (TSX-V: ELO; OTCQX: ELRRF FSE: P2QM) (“Eloro”, or the “Company”) is pleased to announce that in connection with required permitting for continued exploration at La Victoria, it’s 82%-owned Peruvian subsidiary, Compañia Minera Eloro Peru S.A.C. (“Eloro Peru”), entered into a surface rights agreement (the “Agreement”) with the Pallasca Community in the Pallasca Province, Ancash Department, Peru. The Agreement allows exploration activities, including drilling, to proceed at the San Markito epithermal silver drill target. read more

Ground Magnetic Survey Confirms and Expands Target Areas at Eloro Resources’ Iska Iska Silver-Tin Polymetallic Project, Bolivia

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ELO.V, Eloro, 321gold.com, Bob Moriarty, Bolivia, Iska Iska property,
Figure 1

Eloro Resources Ltd. (TSX-V: ELO; OTCQX: ELRRF FSE: P2QM) (“Eloro”, or the “Company”) is pleased to report results from its recently completely magnetics survey on the Company’s Iska Iska silver-tin polymetallic project in Potosi Department, southern Bolivia. A total of 181.5 linekm of magnetic data were collected on 50m spaced north-south lines on all of the accessible parts of the property. read more

Eloro Resources Announces the Exercise in Full of the Bought Deal Financing Over-Allotment Option by the Underwriters

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

Eloro Resources Ltd. (the “Company” or “Eloro”) (TSX-V: ELO; OTCQX: ELRRF; FSE: P2QM) is pleased to announce that, in connection with its previously announced bought deal financing (the “Financing”) (see Eloro press releases dated March 2, 2021, March 3, 2021 and March 8, 2021), and further to the filing of the final short form prospectus on March 18, 2021 with the applicable securities regulators in each of the provinces of Canada, except Quebec, Haywood Securities Inc. and Cantor Fitzgerald Canada Corporation as co-lead underwriters and joint-bookrunners, and Cormark Securities Inc. as co-lead underwriter (collectively, the “Underwriters”), have elected to exercise their over-allotment option (“Over-Allotment Option”) in full. read more

Eloro Resources Adds Second Rig to Accelerate the Diamond Drill Program at its Iska Iska Property, Potosi Department, Southern Bolivia

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ELO.V, Eloro, 321gold.com, Bob Moriarty, Bolivia, Iska Iska property,
Figure 1: Geological Plan Map of the Santa Barbara Breccia Pipe area

Eloro Resources Ltd. (TSX-V: ELO; OTCQX: ELRRF FSE: P2QM) (“Eloro”, or the “Company”) is pleased to announce that it is adding an additional drill rig to accelerate its diamond drilling program at its Iska Iska Silver-Polymetallic Project in Potosi Department, southern Bolivia. To date, Eloro has completed 22 holes totalling 6,721m metres from both underground (12) and surface drill holes (10). Results from the first five underground holes were reported on November 18, 2020 and an additional 10 holes were reported on January 26, 2021. Results are pending for an additional 7 holes (Table 1). Figure 1 is a plan map showing locations of the drill holes completed and in progress; Figures 2 and 3 are updated North-South and West-East geological cross sections, respectively. read more

Millennial Announces Closing of $ 34,500,000 Bought Deal Public Offering

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V.ML, Millenial Lithium, lithium, Argentina
info

 Millennial Lithium Corp. (TSXV: ML) (FSE: A3N2) (OTCQX: MLNLF) (“Millennial” or the “Company“) is pleased to announce that it has closed its previously announced bought deal financing of 8,625,000 units (the “Units“) at a price of C$4.00 per Unit (the “Offering Price“) for aggregate gross proceeds to Millennial of C$34,500,000 (the “Offering“). The Offering was conducted by a syndicate of underwriters co-led by Cantor Fitzgerald Canada Corporation and Sprott Capital Partners LP as joint bookrunners, and including Mackie Research Capital Corporation (collectively, the “Underwriters“). The Offering included 1,125,000 Units sold pursuant to the full exercise of the Underwriters’ over-allotment option. read more

Eloro Resources Closes C$6.3 Million Bought Deal Financing

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

Eloro Resources Ltd. (the “Company” or “Eloro”) (TSX-V: ELO; OTCQX: ELRRF; FSE: P2QM) is pleased to announce that it has closed its previously announced bought deal financing, including the exercise in full of the over-allotment option, of 4,080,660 units of the Company (“Units”) at a price of C$1.55 per Unit (the “Issue Price”) for aggregate gross proceeds to the Company of C$6,325,023 (the “Offering”). Each Unit consists of one common share (a “Common Share”) in the capital of the Company and one-half (1/2) of one common share purchase warrant (each whole common share purchase warrant, a “Warrant”) of the Company. Each Warrant is exercisable to acquire one Common Share (a “Warrant Share”) at a price per Warrant Share of C$2.00 for a period of 24 months from the closing date of the Offering. read more