Commenting on this high-grade result, senior technical advisor Dr. Quinton Hennigh said this drill hole “gives us our first picture of the true potential of the Iska Iska system.”
“A whole suit of metals including Ag, Zn, Pb, Cu, Sn, In, Bi and Cd are present, exactly the sort of assemblage one would like to see in a prolific ‘Potosi-type’ deposit,” Dr. Hennigh added.
While assay results are still pending, the three surface holes testing deeper parts of the SBBP discovery intersected significant mineralized breccia.
“Regionally, in terms of metal contents, Iska Iska is comparable with neighboring world-class polymetallic systems including Cerro Rico de Potosi, San Vicente, Chorolque and Tatasi, all of which have similar geological environments, with the notable exception of the large and remarkable mineralized breccia pipes at Iska Iska,” said Dr. Osvaldo Arce, general manager of Eloro’s Bolivian subsidiary.
Following release of the drill results, shares of Eloro Resources jumped to an all-time high of C$3.15 on Tuesday. The company has a market capitalization of C$137.1 million.
