Eloro Resources Intersects 122.25g AgEq/t at Iska Iska

Eloro Resources Intersects 188.64 g Ag eq/t In Deep Underground Hole In Bolivia

Eloro Resources Ltd. (TSXV: ELO) has released more high-grade assay results from eight additional diamond drill holes from its on-going drilling programme at the Iska Iska silver-tin polymetallic project in the Potosi Department, southern Bolivia.

Six of these holes (DSB-35 and DSB-37 to DSB-41) tested the south-south eastern extension of the high-grade feeder zone at Santa Barbara while METSBUG-03 is a metallurgical hole drilled from the Santa Barbara adit underground drill bay. Hole DM2-01 is a reconnaissance drill hole near the Mina 2 adit in the southeast part of the property.

To-date, the company has completed 84,495m in 122 drill holes at Iska Iska which completes the definition drill programme in the Santa Barbara target area.

 “Now that the reconnaissance drill holes just released, DSB-38, -39 and -40, are adding a further 500 meters of mineralized strike length, these latest results should add substantial tonnage to our resource model,” CEO, Tom Larsen, said.

“Infill drilling at a later date should further upgrade and expand the higher metal value zonations that have become characteristic of the Iska Iska system.

“Given the guidance of our geophysics, if one were to draw a line from Huayra Kasa in the north of the Iska Iska Caldera southwest to Mina Casiterita one can reasonably assume up to a 3 kilometre potential strike length of mineralization given the magnetic data to date,” added Mr. Larsen.

“The current strike length, width and depth of the Santa Barbara complex, which is still open in all directions, is pointing to the strong possibility that Iska Iska will become a giant ‘bonanza style’ Bolivian polymetallic discovery.”

Dr. Bill Pearson, P.Geo. Eloro’s Executive Vice President, Exploration, said the on-strike extension of this zone to the south-southeast is now confirmed for an additional 500m for a total strike length of 1,500m.

“Geophysical data indicates potential for a further 500m strike length to 2,000m which has been initially tested by the final drill holes in our 2022 program for which results are pending. The width of the Santa Barbara mineralized zone is now up to 1,000m across strike with a depth of at least 800m. The mineralized zone remains open in ALL directions as well as at depth. With completion of our planned drilling programme, we are now focussed on working with Micon International to complete the inaugural mineral resource estimate.”

For further information please visit: http://www.elororesources.com/

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