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Eloro Resources Adds Second Rig to Accelerate the Diamond Drill Program at its Iska Iska Property, Potosi Department, Southern Bolivia - Seite 2

Nachrichtenquelle: globenewswire
16.02.2021, 14:22  |  125   |   |   

Tom Larsen, Eloro’s CEO commented: “We continue to make excellent progress at Iska Iska, although we have only just started to evaluate the enormous potential of this extensive mineralized system. The additional rig will help considerably in accelerating the drill program. I am also pleased to announce that Dr. Bill Pearson, P.Geo. has been appointed Executive Vice-President Exploration and will manage all technical aspects of the exploration program on a full-time basis going forward.”

Dr. Bill Pearson, P.Geo., Executive VP Exploration said: “I am delighted to join the Eloro team to move the exciting Iska Iska silver polymetallic project forward with our outstanding team in Bolivia. Our deeper drilling continues to intersect wide zones of well mineralized and silicified breccia. These types of breccias are typical hosts of sulphidic matrices with widespread massive sulphides, sulphide veinlets and disseminations. It is clear that the SBBP bulges deeper which is particularly evident in Hole DSB-05. The full extent of this pipe remains completely open to the west. The breccia pipe system is most certainly driven by a large tin porphyry at depth. There is almost one kilometre vertically from the valley to the peak of Iska Iska hence there is a good possibility that we can intersect this porphyry in our deep hole DSB-06 currently being drilled.

Table 1: Summary of Diamond Drill Holes at Iska from press release of January 26, 2021 to February 26, 2021 with assays pending.

Hole No. Type Collar
Easting
Collar
Northing
Azimuth Angle Hole Length m
DHK-16 UG 205468.9 7656367.2 235 -10 234.00
DHK-17 UG 205468.9 7656367.2 235 -50 321.40
  Subtotal 555.40
Santa Barbara Breccia Pipe - Surface Radial Drilling from Centre
DSB-01 S 205118.9 7656205.7 180 -45 341.00
DSB-02 S 205118.9 7656205.7 180 -60 632.50
DSB-03 S 205118.9 7656205.7 90 -60 515.30
DSB-04 S 205118.9 7656205.7 0 -60 536.40
DSB-05 S 205118.9 7656205.7 270 -60 611.20
DSB-06 S 205118.9 7656205.7 210 -80 In progress
          Subtotal 2,636.4
          TOTAL 3,191.8
 UG = Underground S = Surface
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Eloro Resources Adds Second Rig to Accelerate the Diamond Drill Program at its Iska Iska Property, Potosi Department, Southern Bolivia - Seite 2 TORONTO, Feb. 16, 2021 (GLOBE NEWSWIRE) - 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 …

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