Eloro Resources (TSX.V: ELO) (OTCQX: ELRRF) (FSE: P2QM), an exploration and mine development company with a portfolio of gold and base-metal properties in Bolivia, Peru and Quebec, boasts one of the most potentially significant silver and tin deposits within the Cerro Rico region and has recently looked to expand its addressable deposit through the acquisition of the adjoining Mina Casiterita and Mina Hoyada properties. “Marc Bristow, the CEO of Barrick Gold Corp, told investors during his keynote speech at the Mines & Money London conference that the future of mining no longer lay in the traditional, over-explored jurisdictions of prior years. Rather, the big opportunities over the next decade would come from traditionally overlooked jurisdictions, with Bolivia ranking chief amongst these,” a recent article reads. “Eloro has epitomized the potential success that could be derived from a focus on less traditional jurisdictions. Between 2020 and 2021, Eloro Resources witnessed its stock price rise by over 2,900% – a remarkable outcome resulting from the company’s world-class silver-tin discovery with the near inexhaustible Cerro Rico mining belt. The mines around the Cerro Rico region have gained a near legendary reputation within precious mining circles, having produced approximately 2.1-3 billion ounces of silver over the past 500 years – making it the single richest source of silver in human history… In early 2020, Eloro Resources sought to capitalize on the region’s potential, optioning the Iska Iska project, a 484 square kilometer undeveloped mining tract within the Potosi region – a mere 180 kilometers south of the prolific Cerro Rico deposit.”
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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 99% 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. La Victoria consists of eight mining concessions and eight mining claims encompassing approximately 89 square kilometers. La Victoria has good infrastructure with access to road, water and electricity and is located at an altitude that ranges from 3,150m to 4,400m above sea level. For more information about the company, visit www.EloroResources.com
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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