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Eloro Resources Ltd.

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Summary

Project:

La Victoria

Deposit:La Victoria
Location:Peru
Commodities:Gold-Silver
Date:8/13/2018
Report Code:NI43-101
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resources Definition
Report details:13-8-2018: Eloro Resources Ltd. announces an Exploration/Drilling Update report for its La Victoria deposit at the La Victoria project. Drilling results incl. 1.4m @ 3.71g/t Au from 367m. Toronto, Canada, August 13, 2018 – Eloro Resources Ltd. (TSX-V: ELO
Resources:x
CP/QP:[Overall Report]: Bill Pearson (Internal)
ABSTRACT:Toronto, Canada, August 13, 2018 – Eloro Resources Ltd. (TSX-V: ELO; FSE: P2Q) (“Eloro” or the “Corporation”) is pleased to provide an update on the La Victoria Gold Project in the north-central mineral belt of Peru which it is exploring with its joint venture partner EHR Resources (“EHR”). EHR currently holds a 10% interest through its Peruvian subsidiary and is earning up to a 25% interest in La Victoria. Eloro’s Peruvian subsidiary currently owns a 90% interest in La Victoria. Eloro completed three diamond drill holes totalling 1,242m to test the Rufina East target area. It was decided that the three holes, ERU-10, ERU-11 and ERU-12 provided a sufficient test of the target area where significant gold values had been intersected in surface sampling (see press release June 6, 2018). Table 1 gives significant results from each hole. Figure 1 shows the locations of the drill holes and Figure 2 is a geological cross-section of Holes ERU-11 and ERU-12. Highlights are as follows

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