Eloro Resources Continues to Expand Higher-Grade Tin and Silver Mineralization in Step-Out Definition Drilling at its Iska Iska Project, Potosi Department, Bolivia

Executive Summary

• Eloro Resources released assay results from the first five definition‑phase diamond drill holes (DSB‑78, 79, 81, 82, 83) totaling 2,871.4 m in the tin‑dominant Santa Barbara starter‑pit area of its Iska Iska project in Bolivia.
• The drill program significantly expanded higher‑grade tin mineralization laterally (≥100 m) and identified extensive high‑grade silver zones above the tin horizon, supporting the construction of an initial open‑pit resource and a forthcoming Preliminary Economic Assessment (PEA).
• Multiple intercepts of economic grade material were reported, e.g., 0.89 % Sn over 16.5 m (DSB‑78), 52.73 g/t Ag over 43.5 m (DSB‑79), and combined 0.39 % Sn + 33.62 g/t Ag over 49.5 m (DSB‑83).

Key Details

• Drill Hole DSB‑78 – 0.40 % Sn over 79.5 m (319.6–399.1 m); high‑grade core of 0.89 % Sn over 16.5 m (366.1–382.6 m). Additional intervals: 38 g/t Ag (7.6–10.6 m), 390.4 g/t Ag (224.35–228.10 m), 51.33 g/t Ag (244.60–249.10 m).
• Drill Hole DSB‑79 – 52.73 g/t Ag over 43.5 m (214.1–257.6 m) with a peak of 401.65 g/t Ag (3 m). Tin zones: 0.43 % Sn (404.6–407.6 m), 0.31 % Sn (418.1–427.1 m), 0.72 % Sn (454.1–458.6 m), etc. Shallow tin‑silver zone 0.21 % Sn + 19.5 g/t Ag over 19.5 m (86.6–106.1 m).
• Drill Hole DSB‑81 – 0.18 % Sn over 57 m (9.6–66.6 m) with higher sections of 0.33 % Sn (9.6–15.6 m) and 0.32 % Sn (44.1–50.1 m). Silver intervals: 48 g/t Ag + 0.23 % Sn (0.75 m) and 55 g/t Ag + 0.75 % Sn (1.5 m).
• Drill Hole DSB‑82 – 0.16 % Sn + 14.19 g/t Ag over 15 m (97.8–112.8 m); deeper tin: 0.23 % Sn over 12 m (472.8–484.8 m). Multiple shallow tin intervals ranging from 0.26 % to 0.48 % Sn.
• Drill Hole DSB‑83 – Composite intercepts: 39.43 g/t Ag (52.3–83.8 m); 51.24 g/t Ag (313.5–339.0 m) with a peak of 69.22 g/t Ag (13.5 m). Combined tin‑silver zone: 0.39 % Sn + 33.62 g/t Ag over 49.5 m (349.5–399.0 m), including 1.10 % Sn over 6 m (390–396 m). Additional tin intervals of 0.22 %–0.23 % Sn and a high‑grade silver zone 87 g/t Ag over 4.5 m (513–517.5 m).
• Overall Program – 2,871.4 m drilled in five holes; three additional holes (1,413.9 m) pending assay results. True width ≈ 80 % of core length; Ag‑equivalent grades calculated using a 30 g/t cutoff and metal price assumptions (Ag $24.14/oz, Sn $13.74/lb, etc.).
• Interpretation – Intersections indicate a continuous overprinting of high‑temperature tin mineralization with lower‑temperature epithermal silver mineralization, suggesting a sizable, laterally extensive tin resource open along strike and down‑dip.
• Management Comments – CEO Tom Larsen highlighted the expansion of higher‑grade tin and silver as foundational for an initial open‑pit resource and future PEA. EVP Dr. Osvaldo Arce emphasized the potential to delineate additional high‑grade resources within a 700 × 400 × 500 m starter‑pit envelope.

Notable Quotes

• Tom Larsen, CEO: “The new drill results are significantly expanding on the existing mineralization in the predominant tin domain, further adding to the solid foundation for building the initial open pit mineral resource.”
• Dr. Osvaldo Arce, EVP Operations Latin America: “The current closer‑spaced definition drill program has both upgraded and expanded the mineralization… highlighting the significant opportunity to outline additional higher‑grade mineral resources presently defined in a 700 m × 400 m × 500 m potential starter pit.”