Eloro hires Major Drilling for Iska Iska drill program

Executive Summary

• Eloro Resources Ltd. has initiated a 40,000-metre drill program at its Iska Iska silver-tin polymetallic project in the Potosi Department of Bolivia.
• The company has contracted Major Drilling Group International Inc. to execute the program, with two rigs currently mobilized and a third expected to join in the coming weeks.
• The drilling aims to enhance the resource footprint through infill drilling in the Santa Barbara corridor and exploration of five other mineralized zones, supporting future economic studies.

Key Details

• Drill Program Scope: Initial program totaling 40,000 metres.
• Contractor: Major Drilling Group International Inc.
• Equipment Mobilization: Two drill rigs are currently being mobilized; a third rig is expected to be added in the coming weeks.
• Drilling Objectives:
  • Complete 50 m and 25 m infill drill hole spacings in the Santa Barbara corridor.
  • Drill five other mineralized zones at Iska Iska to enhance the resource footprint for economic studies.
  • Drill other prospective targets within the perimeter of the Iska Iska Caldera.
• Strategic Context: CEO Thomas Larsen noted renewed optimism in Bolivia following general elections and policy changes attractive to the mining sector, with Iska Iska being Major Drilling's first project in the country.
• Company Profile: Eloro holds a 99% joint venture interest and 100% economic participation in the Iska Iska property via Minera Tupiza SRL. The property is described as a polymetallic epithermal-porphyry complex, road-accessible, and royalty-free.

Notable Quotes

• Dr. Osvaldo Arce, Executive Vice-President, Operations, Latin America: "With Major Drilling now engaged, the company will be able to complete a sufficient amount of 50 m and 25 m infill drill hole spacings in the Santa Barbara corridor and to drill the other five mineralized zones at Iska Iska to enhance the resource footprint for our economic studies and also drill other prospective targets within the perimeter of the Iska Iska Caldera."
• Thomas Larsen, Chief Executive Officer: "We welcome Major Drilling resuming operations in Bolivia to service our drilling requirements, with Iska Iska as their first project. Since the general elections that were held in Bolivia last fall, there are demonstrations of renewed optimism, encouraged by policy changes under way in the country, which are attractive to the mining sector."