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     477  0 Kommentare Eloro Resources Ltd. Proceeds with Phase II Exploration Program on the La Victoria Gold/Silver Property, Ancash, Peru

    TORONTO, ONTARIO--(Marketwired - Oct. 19, 2016) - Eloro Resources Ltd. (TSX VENTURE:ELO)(FRANKFURT:P2Q) ("Eloro") is pleased to announce that it has completed the Phase I exploration program recommended in the recently filed National Instrument 43-101 Technical Report on the La Victoria Gold/Silver Property (the "Property") in Huandoval District, Pallasca Province, Ancash Department, Peru authored by Mr. Luc Pigeon, M.Sc., P.Geo. (see press release September 7, 2016). Phase I included geological mapping and sampling, geophysical surveys, data processing, permit applications, and accessibility improvements for the Phase II drill program. The Phase II diamond drilling, which will total up to 3,000m, will focus on targets at the San Markito and Rufina Mineralized Zones.

    Tom Larsen, President and CEO of Eloro commented: "We expect the Phase II diamond drilling program to start late in Q4 of this year. Dr. Bill Pearson, P.Geo., Chief Technical Advisor for Eloro and I recently completed a site visit to the Property. Preparations are well advanced for the drill program which will commence once final permitting is received. Our newly appointed in-country General Manager, Luc Pigeon, P.Geo., has organized a strong team to support the exploration work based from Huandoval, a small town near the southwest end of the La Victoria claim group. Luc, who has more than ten years experience working in Peru, has worked closely with the local community in establishing this base and building good local support for our program."

    Dr. Bill Pearson added: "Our initial program of geological mapping, sampling and geophysical (IP) surveys greatly increased our understanding of the potential of the Property and outlined a number of follow-up targets. In advance of the drilling, we are starting the second phase of our geological mapping and sampling program led by Dr. Osvaldo Arce. This work will concentrate on the 3-plus km potential strike length of the San Markito-Victoria silver-gold mineralized breccia zones which have had very limited previous exploration. The new road being constructed by the Peruvian government that opens up the north-eastern portion of the Victoria concession into the San Felipe II concession to the east (see Figure 1) will greatly facilitate this work. In addition, we will be completing a detailed soil geochemical survey of Rufina North to better define a potential heap-leachable gold target near a strong IP anomaly outlined in our survey."

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    Eloro Resources Ltd. Proceeds with Phase II Exploration Program on the La Victoria Gold/Silver Property, Ancash, Peru TORONTO, ONTARIO--(Marketwired - Oct. 19, 2016) - Eloro Resources Ltd. (TSX VENTURE:ELO)(FRANKFURT:P2Q) ("Eloro") is pleased to announce that it has completed the Phase I exploration program recommended in the recently filed National Instrument …

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