Eloro Resources Ltd. has disclosed assay results from the first five holes of its resumed definition drilling program at the Iska Iska silver-tin polymetallic project in Bolivia. The findings include 0.89% tin over 16.5 meters and 0.90% tin over 13.5 meters in hole DSB-78, alongside 401.65 grams per tonne silver over 3.0 meters in hole DSB-79. These results underscore the project's potential for high-grade tin and silver mineralization and confirm the lateral and downdip continuity of the mineralization. The presence of visible cassiterite suggests gravity separation could be a viable extraction method, potentially simplifying processing and reducing costs.
The significance of these findings lies in their potential to expand and upgrade resources at Iska Iska ahead of the planned preliminary economic assessment. The project, classified as a polymetallic epithermal-porphyry complex, represents a significant mineral deposit type in the Potosi Department of southern Bolivia. With the recent NI 43-101 technical report by Micon International Limited now available, stakeholders have access to detailed insights into the project's prospects. For more information on the assay results, visit https://ibn.fm/UOgQt.
Eloro Resources Ltd.'s exploration efforts at Iska Iska are part of its broader portfolio of gold and base-metal properties across Bolivia, Peru, and Quebec. The company's option to acquire a 100% interest in the Iska Iska Property, coupled with its 82% stake in the La Victoria Gold/Silver Project in Peru, positions it as a key player in the mining sector. The latest developments at Iska Iska not only reinforce the project's viability but also contribute to the growing body of evidence supporting the economic potential of polymetallic deposits in the region. These results are particularly important given the increasing global demand for tin and silver, driven by technological applications and renewable energy technologies.
The confirmation of mineralization continuity and the potential for gravity separation as an extraction method could significantly impact the project's economics. Gravity separation typically offers lower operating costs compared to more complex processing methods, which could enhance the project's profitability. The high-grade tin intervals are notable given tin's critical role in electronics manufacturing and soldering applications, while the silver values add additional metal credits to the project's potential revenue streams. These developments come at a time when secure supply chains for critical metals are becoming increasingly important for industrial economies worldwide.
