Tag: Potosi department

Eloro Resources Announces Closing of Bought Deal LIFE Private Placement for Gross Proceeds of C$17 Million

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

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$17,000,360, which includes the exercise in full of the over-allotment option. Pursuant to the Offering, the Company sold 6,538,600 common shares of the Company (the “Common Shares”) at a price of C$2.60 per Common Share (the “Offering Price”). Red Cloud Securities Inc. and Cantor Fitzgerald Canada Corporation acted as co-lead underwriters and joint bookrunners on behalf of a syndicate of underwriters including Haywood Securities Inc. (collectively, the “Underwriters”) under the Offering. read more

Eloro Resources Announces Upsize of Bought Deal LIFE Private Placement for Gross Proceeds of C$15 Million

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

February 25, 2026 / 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 and Red Cloud Securities Inc. (“Red Cloud“) have agreed to increase the size of its previously announced “bought deal” private placement (the “Underwritten Offering“) from gross proceeds of C$10,000,120 to gross proceeds of C$15,000,180. Pursuant to the upsized Underwritten Offering, Red Cloud and Cantor Fitzgerald Canada Corporation, as co-lead underwriters and joint bookrunners on behalf of a syndicate of underwriters (the “Underwriters“), will purchase for resale 5,769,300 common shares of the Company (the “Offered Shares“) at a price of C$2.60 per Offered Share (the “Offering Price“). read more

Eloro Resources Launches 40,000 Metre Drill Program at 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 has signed a contract with Major Drilling Group International Inc. (“Major Drilling“), the world’s leading provider of specialized drilling services in the metals and mining industry, to complete an initial 40,000m drill program at its Iska Iska silver-tin polymetallic project in Potosi, Bolivia (“Iska Iska“). As per the agreement, two drill rigs are currently being mobilized to the project, while a third is expected to be added in the coming weeks. read more

Eloro Resources Announces the Retirement of Dr. William Pearson as Executive Vice President, Exploration

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

Eloro Resources Ltd. (TSX: ELO) (OTCQX: ELRRF) (FSE: P2QM) (“Eloro”, or the “Company”) announces the retirement of Dr. William Pearson, P.Geo. as the Company’s Executive Vice President, Exploration effective March 31, 2026, after which he will remain with the Company as Senior Technical Advisor. He will be retiring after more than 50 years of managing exploration programs across Canada and around the world. Dr. Osvaldo Arce, P.Geo., Eloro’s Executive Vice President, Latin America will assume the responsibilities formerly held by Dr. Pearson. read more

Eloro Resources Further Expands Extent of Potential Starter Pit Zone, Intersecting 90 metres grading 61.05 g/t Silver and 0.20% Tin at its Iska Iska Project, Potosí Department, Southern Bolivia

Highlights: The potential starter pit at the Santa Barbara zone continues to be open laterally and downdip with definition drilling continuing to return long and higher-grade intercepts. Additional infill and step-out drilling offers significant potential to further expand and upgrade the mineral resources for the planned PEA. DSB-92, a step out hole drilled 50m southeast of discovery hole DSB-88, intersected 90.00 metres grading 61.05 g/t Silver (Ag) and 0.20% Tin (Sn), beginning at 492.30m, including: 15.00 metres grading 173.30 g/t Ag, 0.15% Sn and 1.59 g/t Gold (Au), beginning at 517.80m and 49.50 metres grading 50.14 g/t Ag and 0.26% Sn, beginning at 532.80m. Hole DSB-92 also includes long and higher-grade sections of: 238.50 metres grading 1.77% Zinc (Zn) and 0.57% Lead (Pb), beginning at 33.30m, including a silver section of 34.50 metres grading 31.70 g/t Ag, beginning at 33.30m and 204.00 metres grading 2.06% Zn and 0.62% Pb, beginning at 67.80m, DSB-91, an infill hole collared 100 metres northwest of hole DSB-89, intersected several higher-grade silver, tin, and zinc intervals: 64.50 metres grading 37.33 g/t Ag, beginning at 19.50m. 151.50 metres grading 1.41% Zn, 0.63% Pb and 13.35 g/t Ag, beginning at 109.50m, including 31.50 metres grading 34.90 g/t Ag, 1.49% Zn and 0.35% Pb, beginning at 147.00m. 16.50 metres grading 1.02% Sn and 3.17% Pb, beginning at 393.00m and 7.50 metres grading 0.40% Sn, 0.53% Pb and 0.32% Zn, beginning at 469.50m within a longer interval of 136.50 metres grading 0.23% Sn, 0.92% Zn and 0.84% Pb, beginning at 328.50m.
MotherlodeTV
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-91 and DSB-92 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 two (2) additional drillholes (DSB-91 and DSB-92) of the second phase definition diamond drilling program at the Company’s Iska Iska Project, Potosi Department, Southern Bolivia. Both holes are in the Silver-Zinc-Polymetallic Domain in the potential Santa Barbara starter pit area. These results further expand the footprint of this domain and indicate that the deposit continues to be open to the east (see Figure 1). The current phase of the definition drilling phase has concluded with a total of 8,286.40m of diamond drilling in sixteen (16) holes completed. A total of 7,346.90m was completed in the fourteen (14) reported holes, with assay results pending for two remaining holes totaling 939.50m in length. read more

Eloro Resources Ltd. Intersects the Longest Zinc Interval to Date at its Iska Iska Project, Potosí Department, Bolivia with 456 Metres Grading 1.72% Zn including 190.5m grading 2.35% Zn in Hole DSB-88

Highlights: This intersection in Hole DSB-88 is the longest zinc interval discovered to date at Iska Iska and is also outside the current resource limit further expanding the Silver-Zinc (Ag-Zn) Epithermal Domain located in the eastern margin of the potential Santa Barbara starter pit. DSB-89, a step-out hole collared 50m northwest of hole DSB-88, intersected a number of higher grade silver, tin and zinc intervals: 13.50m grading 74.64 g/t Ag, 0.81% Pb, 0.24% Sn beginning at 50.8m; 19.50m grading 41.52 g/t Ag, 0.88% Zn beginning at 74.8m; 33.00m grading 28.96 g/t Ag, 0.75% Pb and 2.36% Zn beginning at 103.30m; 20.25m grading 19.61 g/t Ag, 1.29% Pb and 2.38% Zn beginning at 136.30m; and 24.75m grading 0.45% Pb, 1.80% Zn beginning at 156.55m. Further downhole DSB-89 intersected additional higher-grade sections of: 16.50m grading 81.94 g/t Ag, 1.78% Pb, 1.37% Zn and 0.15% Sn beginning at 392.80m; 118.50m grading 0.68% Pb and 1.31% Zn beginning at 200.80m; 76.50m grading 38.69g/t Ag, 0.79% Pb and 0.93% Zn beginning at 359.80m and 27.00m grading 49.87g/t Ag, 0.47% Pb and 1.13% Zn beginning at 409.30m;
MotherlodeTV
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-88 and DSB-89 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 two (2) step-out drillholes (DSB-88 and DSB-89) of the second phase definition diamond drilling program. Both holes are in the Silver-Zinc-Polymetallic Domain in the potential Santa Barbara starter pit area. These results further expand the footprint of this domain and indicate that the deposit continues to be open to the east (see Figure 1). To date, a total of 6,756m of diamond drilling in fourteen (14) holes has been completed in the current definition drilling phase. A total of 3,371m was completed in the seven (7) reported holes, with assay results pending for one remaining hole totaling 514m in length. 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 Resources Announces Upsize of Bought Deal LIFE Private Placement for Gross Proceeds of C$10.0 Million

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 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