Eloro Resources Ltd. (TSXV: ELO) has named Peter Marrone, a shareholder of Eloro, to serve as an independent advisor to provide support and strategic advice to management on matters of project advancement and business development in relation to its Iska Iska project.
Peter Marrone is Executive Chairman of Yamana Gold Inc., which he founded in 2003 and which recently announced that it is to be acquired by Gold Fields Limited, a combination that creates a world-class, globally diversified company with regional relevance across premier, rules-based mining jurisdictions that is underpinned by low cost, long life mines.
Mr Marrone has a long track record of successful mining start-ups and investments with more than 35 years of mining, business and capital markets experience. Mr Marrone also currently sits on the board of directors, and is one of the founders, of Aris Gold Corporation which holds one of the best portfolios of producing and development stage assets in Colombia.
He has also been the head of investment banking at a major Canadian investment bank and before that practised law in Toronto with a strong focus on corporate law, securities law and international transactions.
“I am extremely pleased to welcome Mr. Peter Marrone as a Senior Corporate Advisor,” said Eloro Chairman and CEO, Tom Larsen, said..
“Peter brings valued knowledge and experience that will be helpful to our management in relation to all aspects of Eloro’s operations, capital markets efforts and strategic avenues for development and realisation of significant value from our highly prospective Iska Iska tin-silver polymetallic project in Bolivia.
“With his proven success as the founder of companies and his outstanding track record in developing and advancing exploration projects, and realising value from strategic efforts, it is clearly a benefit for Eloro and its shareholders and I very much look forward to working with him.”
Mr Marrone said Iska Iska should be developed in time as a world class tin-silver deposit with large scale production, all of which coincides with a time when tin in particular is in high demand and silver is a necessary component for decarbonisation.
“The tin market is intriguing to me. It is poised for what appears to be a clear upward path for demand and price. Eloro has built a very strong management team that is continuing to rapidly advance Iska Iska with major milestones, including the inaugural National Instrument 43-101 mineral resource expected in Q3 2022.
“As a shareholder, I have become impressed with the project and management. Informally, I have been consulted from time to time by management and I look forward to continuing to provide strategic advice to management and to CEO Tom Larsen and Executive VP Exploration Dr. Bill Pearson, P.Geo., in particular. Interestingly, Bill has known me for many years and has an impressive resume of quality geological discoveries that now includes Iska Iska which is likely the crowning glory of an illustrious career.
“Simply put, Iska Iska is a world-class project and I look forward to helping management to increase value for Eloro shareholders.”
For further information please visit: https://www.elororesources.com/