Eloro Resources (TSX: ELO) (OTCQX: ELRRF) (FSE: P2QM) today announced major advances on metallurgy for the Iska Iska silver-tin polymetallic project in the Potosi Department of southern Bolivia. The tests were directed by Eloro’s Senior Strategic Metallurgist Mike Hallewell, C.Eng., a qualified person (“QP”) as defined by National Instrument 43-101 (“NI 43-101”) in consultation with Micon International Limited Principal Metallurgist Richard Gowans, P.Eng., an independent QP. Among the highlights, the company reported that preliminary tests at TOMRA in Germany indicate the mineralization at Iska Iska is amenable to “ore-sorting” with removal of at least 40% of the waste in the polymetallic domain and up to 80% in the tin domain, which would substantially increase concentrator feed grades as well as reduce future operating costs and significantly lower the cut off grades (“COG”) for the pending mineral resource estimate (“MRE”). “These positive metallurgical tests, particularly the ‘ore-sorting’ tests at TOMRA, have a major positive impact on the potential future production at Iska Iska,” said Tom Larsen, CEO of Eloro. “For this reason, and in consultation with our independent consultants, Micon International, we deferred completion of the inaugural MRE until these tests were completed and the results could be fully incorporated into the final MRE, which is now expected to be released in latter August.”
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About Eloro Resources Ltd.
Eloro is an exploration and mine development company with a portfolio of gold and base-metal properties in Bolivia, Peru and Quebec. Eloro has an option to acquire a 100% interest in the highly prospective Iska Iska Property, which can be classified as a polymetallic epithermal-porphyry complex, a significant mineral deposit type in the Potosi Department in southern Bolivia. A recent NI 43-101 Technical Report on Iska Iska, which was completed by Micon International Limited, is available on Eloro’s website and under its filings on SEDAR. Iska Iska is a road-accessible, royalty-free property. Eloro also owns an 82% interest in the La Victoria Gold/Silver Project, located in the North-Central Mineral Belt of Peru some 50 km south of Barrick’s Lagunas Norte Gold Mine and Pan American Silver’s La Arena Gold Mine.
NOTE TO INVESTORS: The latest news and updates relating to ELRRF are available in the company’s newsroom at https://ibn.fm/ELRRF
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