Golden Minerals

Eloro Resources: EHR Resources Earns 10% Interest in La Victoria Gold-Silver Project, Peru

TORONTO, Dec. 20, 2017 (GLOBE NEWSWIRE) -- Eloro Resources Ltd. (TSX-V:ELO) (FSE:P2Q) (“Eloro”) announces that EHR Resources Limited (“EHR”) (ASX:EHX) has completed the requirements to earn a ten (10%) interest (“10% Earn-In”) in Eloro’s La Victoria Gold-Silver Project (“La Victoria”) in the north-central mineral belt of Peru.

In connection with the 10% Earn-In, EHR was required to spend C$2 million on exploration and this expenditure requirement has been satisfied. EHR also holds an option to acquire an additional 15% interest in La Victoria by spending a further C$3 million on exploration at La Victoria by July 31, 2018.

The maiden drilling programme at La Victoria is continuing and Eloro expects to provide an update on recent exploration activities in the near future.

About Eloro Resources Ltd.

Eloro is an exploration and mine development company with a portfolio of gold and base-metal properties in Peru and Quebec. Eloro owns a 90% 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 Tahoe's La Arena Gold Mine. The Property consists of eight mining concessions and eight mining claims encompassing approximately 89 square kilometres. The Property has good infrastructure with access to road, water and electricity and is located at an altitude that ranges from 3,100 m to 4,200 m above sea level.

GET DAILY NEWS FLOW

Sign Up To Receive All Morning
News To Your Email Inbox

Please review our Disclaimer and Privacy Policy before subscribing.

Eloro Resources

Last Trade: C$4.44
Daily Change: -0.03 -0.67
Daily Volume: 137,920
Market Cap: C$267.730M
Eloro Resources’ First Drill Hole at the Iska Iska Project’s Central Breccia Pipe Encounters Multiple Mineralized Intercepts including 196 Grams Silver Equivalent/tonne (g Ag eq/t) over 56.2m and containing 343 g Ag eq/t
Eloro Resources reports 442 grams silver equivalent/tonne (Ag eq/t) over 166m including 1,092 g Ag eq/t (446 g Ag/t, 9.03%Pb and 1.16%Sn) over 56.2m in Continuous Channel Sampling of Santa Barbara Adit, Iska Iska Silver-Tin Polymetallic Project
Eloro Resources Provides Update on Iska Iska Silver-Tin Polymetallic Project, Potosi Department, Southern Bolivia
Eloro Resources Closes C$25 Million Bought Deal Financing
Eloro Resources Announces the Exercise in Full of the Bought Deal Financing Over-Allotment Option by the Underwriters
Eloro Resources Announces Filing of Preliminary Short Form Prospectus
Eloro Resources Announces Upsize to Previously Announced Bought Deal Financing to C$21.75 Million
Eloro Resources Announces C$12,900,000 Bought Deal Financing
Eloro Resources Continues to See Long Intercepts of Polymetallic Mineralization at the Santa Barbara Breccia Pipe, Potosi Department, Southern Bolivia
Eloro Resources Adds Second Rig to Accelerate the Diamond Drill Program at its Iska Iska Property, Potosi Department, Southern Bolivia
Eloro Resources Grants Stock Options
Eloro Resources Intersects 129.6 Grams Silver Equivalent per Tonne over 257.5m in Extensive Silver-Polymetallic Mineralization in Santa Barbara Breccia Pipe, at its Iska Iska Property, Potosi Department, Southern Bolivia

NEWCORE GOLD (TSX.V: NCAU)

Newcore Gold

Newcore Gold is advancing its 100%-owned Enchi Gold Project in Ghana, with a 58,000 metre discovery and resource expansion drill program underway. The project’s 216km2 land package covers 40 kms of Ghana’s prolific Bibiani Shear Zone... LEARN MORE