Eloro Resources Completes Discounted Bought Deal

Eloro Resources (TSX.V: ELO)

Announced that it has entered into an agreement pursuant to which the Underwriter has agreed to purchase, on a bought deal basis, 1,538,480 units at a price of C$3.25 per Unit for gross proceeds to the Company of C$5,000,060.

This is around a 25% discount to the prevailing price at the time of announcement.  […]  Continue reading

Mining Review Sunday Update 8th May 2022

Mining Review Sunday Update 8th May 2022

Another volatile week for gold, but it fared better than some thought after the half a percent FED rate hike.

Companies in the news this week included, Cabral Gold, Eloro Resources, Fosterville South, Kootenay Silver, and Radisson Mining Resources.

Continue reading

Eloro Resources resource detail by expert geologist

Eloro Resources (TSX.V: ELO)

Expert geologist Quinton Hennigh explains in detail his interpretation of Eloro’s resource at Iska Iska, and then follows that with a superb and easy to follow guide on how to estimate a resource volume from given parameters.

This is well worth listening to, a real education by an expert in his field.  […]  Continue reading

Mining Review Sunday Update 1st May 2022

Mining Review Sunday Update 1st May 2022

Another poor week for gold, back below $1,900 due to anticipation of several FED half percent interest rate hikes, and a strong dollar.

Companies in  the news this week include Calidus Resources, Colonial Coal, Cornish Metals, Eloro Resources, and Neometals.  […]  Continue reading

Eloro Resources Drills 171.57 g Ag eqv over 373m

Eloro Resources (TSX.V: ELO)

Announced assay results from an additional diamond drill hole from its on-going drilling program at the Iska Iska silver-tin polymetallic project in the Potosi Department, southern Bolivia.

Hole DSBU-03, an underground hole drilled due west from the Santa Barbara adit at -50 degrees, has discovered major new depth extensions of the already large Santa Barbara mineralized zones.  […]  Continue reading

Mining Review Sunday Update 6th February 2022

Mining Review Sunday Update 6th February 2022

Gold is oscillating around the US$1,800 level, and has been for some time, and the feeling is it will continue to do so for some time yet, unless some significant news moves it strongly in one direction.

Radisson Mining, Cabral Gold, and Eloro Resources all reported good drill results, and Neometals reported their financials. Continue reading

Eloro Resources Intersect 239.7 g Ag Eq at Iska Iska

Eloro Resources (TSX.V: ELO)

Intersects 239.72 g Ag eq/t (39.58 g Ag/t, 1.04% Pb, 0.26% Cu and 0.20% Sn) over 82.74m in Southern Part of Santa Barbara Target at Iska Iska Silver-Tin Polymetallic Project, Potosi Department, Bolivia.

Includes a higher-grade section of 318.15 g Ag eq/t (53.58 g Ag/t, 1.43 % Pb, 0.32 %Cu and 0.27 % Sn) over 51.09 m. Continue reading

Eloro Resources Restarts Drilling at Iska Iska

Eloro Resources Ltd. (TSX.V: ELO)

Provided an update on its Iska Iska silver-tin polymetallic project in the Potosi Department, southern Bolivia.

By the end of 2021, the Company completed 40,468 metres (m) in 73 drill holes at Iska Iska. Currently there are two surface drill rigs and one underground drill rig on site. Drilling with all rigs recommenced on January 17, 2022. Continue reading