Eloro Resources Ltd. announced further assay results in its definition diamond drilling program in the potential Santa Barbara starter pit area in the Iska Iska silver-tin polymetallic project in the Potosi Department of southwestern Bolivia. To date 4,902.8m of diamond drilling have been completed in ten (10) holes including one (1) hole in progress at the time of the Christmas break. PQ core size has been used for all holes in this program to obtain larger, more representative core samples.
Hole DSB-69, collared 160m southwest of previously reported drill hole DSB-68 (see Eloro press release of November 26, 2024) returned a long intersection grading 49.71g Ag/t, 0.78% Zn, 0.32% Pb and 0.15% Sn (106.97g Ag eq/t) over 142.50m from 258.00m to 400.50m. This intersection includes a higher grade interval of: 127.49g Ag/t, 0.50% Zn, 0.16% Pb and 0.31% Sn (193.00g Ag eq/t) over 41.25m from 258.00m to 299.25m; The strong tin mineralization in this intersection is very notable and indicates that this hole is starting to intersect the major tin-silver domain to the west and northwest. This hole also intersected near-surface high-grade silver mineralization: 80.10g Ag/t, 0.17% Pb (84.25g Ag eq/t) over 30.00m from 1.50m to 31.50m; Hole DSB-70, collared 100m northeast of hole DSB-68, returned a very long intersection grading 30.08g Ag/t, 1.63% Zn, 0.98% Pb and 0.13% Sn (127.89g Ag eq/t) over 255.75m from near surface at 55.05m to 310.80m.
This intersection includes higher grade intervals of: 45.71g Ag/t, 3.11% Zn, 1.91% Pb and 0.23% Sn (232.35g Ag eq/t) over 81.00m from 112.80m to 193.80m, and; 30.68g Ag/t, 2.38% Zn, 1.73% Pb and 0.18% Sn (180.91g Ag eq/t) over 19.50m from 229.80m to 249.30m. Like Hole DSB-69, this hole intercepted strong tin mineralization grading 0.43% Sn over 34.5m from 423.32m to 457.8m within a broader mineralized zone grading 14.38g Ag/t, 0.34% Zn, 0.36% Pb and 0.25% Sn (80.16g Ag eq/t) over 70.50m from 387.30m to 457.80m. Hole DSB-71, collared 100m south-southwest of hole DSB-69, returned two long mineralized intersections, the first grading 41.89g Ag/t, 0.15% Pb and 0.14% Sn (66.90g Ag eq/t) over 123.00m from 45.95m to 168.95m, and the second, 29.26g Ag/t, 0.58% Zn, 0.22% Pb and 0.11% Sn (71.46g Ag eq/t) over 127.50m from 233.45m to 360.95m This latter intersection includes a higher grade interval of: 53.17g Ag/t, 0.72% Zn, 0.40% Pb and 0.19% Sn (116.62g Ag eq/t) over 45.00m from 263.45m to 308.45m.
This hole also intersected a near-surface high grade tin zone: 11.84g Ag/t and 0.44% Sn (96.81g Ag eq/t) over 21.95m from 1.50m to 23.45m. Similar to DSB-68, results from these three additional holes continue to demonstrate potential significant underestimation of the silver grade, similar to that of the previously reported metallurgical test results from a 6.3 tonne bulk sample which returned a much higher silver head grade of 91 g Ag/t compared to the grade of 31 g Ag/t obtained in the original twinned holes.