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Eloro Resources Ltd.
Summary
| Project: | La Victoria | |
|---|---|---|
| Deposit: | La Victoria | |
| Location: | Peru | |
| Commodities: | Gold-Silver | |
| Date: | 1/16/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 16-1-2018: Eloro Resources Ltd. announces an Exploration/Drilling Update report for its La Victoria deposit at the La Victoria project. Drilling results incl. 3.4m @ 7.31g/t Au from 207m. Toronto, Canada, January 16, 2018 – Eloro Resources Ltd. (TSX-V: EL | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Bill Pearson (Internal) | |
| ABSTRACT: | Toronto, Canada, January 16, 2018 – Eloro Resources Ltd. (TSX-V: ELO; FSE: P2Q) (“Eloro” or the “Corporation”) is pleased to announce that it has completed 2,261m of reconnaissance diamond drilling in 8 holes at the Rufina Target on the La Victoria Au Property in the North-Central Mineral Belt of Peru. Figure 1 is a plan map showing locations of the drill holes and hole traces. Holes ERU-01, -02, -03, -04 and -09 are on a NE-SW cross section approximately 800m long. Holes ERU-06, -07 and -08 are on a parallel cross section 500m long approximately 100m north of the first section. Significant values are shown in Table 1 below. Highlights include (all core lengths): Drill holes ERU-01, -02, -03, -04 and -09 intersected a major gold-bearing low sulphidation epithermal system extending approximately 350m along strike as shown in Figure 2, a geological cross section. This system is characterized by quartz and sulphide veins/veinlets, mineralized hydrothermal breccia and silicification in dioritic rocks that is overprinted by a later more base metal-rich epithermal phase. It is concluded that the initial reconnaissance drilling tested the upper part of an extensive gold-bearing epithermal system. Further drilling at Rufina will be deeper to test for potential high-grade bonanza zones that the model predicts may be from 50 to 300m below | |
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