Eloro Resources Ltd. (TSX: ELO) has obtained high-grade assay results from the last eight diamond drill holes from the definition drill programme at Santa Barbara in the Iska Iska silver-tin polymetallic project in the Potosi Department, southern Bolivia.
Two of these drill holes (DSB-45 and DSB-47) filled in gaps in previous drilling of the High-Grade Zone. The remaining six holes (DSB-44. DSB-48, DSB-49, DSB-50, DSB-51 and DSB-52) tested the potential south-south-eastern extension of the High-Grade Zone at Santa Barbara.
The company completed 84,495m of drilling in 122 holes to complete the definition drill program in the Santa Barbara target area.
“These latest results, which complete the Santa Barbara definition diamond drill programme, have significantly expanded the potential open pittable resource across the valley of the Iska Iska Caldera,” CEO, Tom Larsen, said.
“Micon International Limited will be updating the deposit’s inaugural mineral resource model to incorporate these new results. Our geological technical team is working closely with Micon to ensure all required information is completed. As recently reported additional metallurgical testing is being carried out.”
Santa Barbara Definition Drilling
Hole DSB-47 was drilled to test the area immediately southwest of the Santa Barbara Breccia Pipe (SBBP) and returned a 321m long intersection with a number of higher-grade intervals as follows:
- 114g Ag eq/t (9.90g Ag/t, 0.12 g Au/t, 0.96% Zn, and 0.68% Pb) over 320.97m from 59.40m to 380.37m, including higher-grade portions of:
- 232.30 g Ag eq/t (29.86g Ag/t, 0.22 g Au/t, 0.63% Zn, 2.18% Pb, 0.30% Cu and 0.10% Sn) over 32.02m from 60.90m to 92.92m
- 147.06 g Ag eq/t (5.41g Ag/t, 1.90% Zn and 0.90% Pb) over 10.66m from 133.89m to 144.55m
- 184.83 g Ag eq/t (36.83g Ag/t, 1.81% Zn and 1.13% Pb) over 23.82m from 170.30m to 194.12m
- 243.09 g Ag eq/t (4.48g Ag/t, 0.95 g Au/t, 2.02% Zn and 0.81% Pb) over 13.68m from 218.45m to 232.13m and
- 249.06g Ag eq/t (18.48g Ag/t, 0.10 g Au/t, 2.34% Zn, 1.74% Pb and 0.11% Sn) over 24.30m from 285.25m to 309.55m
Six holes (DSB-44. DSB-48, DSB-49, DSB-50, DSB-51 and DSB-52) tested the potential south-south-eastern extension of the High-Grade Zone at Santa Barbara. All these holes, which were drilled at an azimuth of 2250 with a dip of -600, tested and confirmed an additional 300m of potential strike length to the south-southeast.
Collectively, these holes intersected many significant intersections within altered and mineralized dacite porphyry, dacite and dacitic breccia.
The most significant holes are the most southernmost three, DSB-50, DSB-51 and DSB-52, which each returned well mineralized intersections over 100m in core length as follows:
- 86.67g Ag eq/t (13.57g Ag/t, 0.99% Zn and 0.41% Pb) over 105.42m including 193.50 g Ag eq/t (15.34g Ag/t, 3.22% Zn and 0.17% Pb) over 10.57m (DSB-50)
- 103.03g Ag eq/t (5.18g Ag/t, 1.72% Zn and 0.21% Pb) over 143.06m including 175.06 g Ag eq/t (9.39g Ag/t, 2.96% Zn and 0.35% Pb) over 49.87m (DSB-51)
- 123.28g Ag eq/t (7.46g Ag/t, 0.14 g Au/t, 1.85% Zn and 0.26% Pb) over 119.77m including 306.28 g Ag eq/t (18.03g Ag/t, 0.45g Au/t, 4.55% Zn and 0.47% Pb) over 28.79m (DSB-52)
Drill holes in the south-south-eastern extension of the Santa Barbara Deposit are notably Zn-rich returning some of the highest Zn values intersected thus far. These three holes expand the strike extent of the Santa Barbara High-Grade Zone to more than 1,100m significantly expanding the potential open pittable resource. The High-Grade zone is now 800m across and is open along strike to the south-southeast.
In addition to the results cited above, all six holes drilled in the southeasternmost part of the target area returned numerous additional reportable intersections.
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