Eloro Resources Ltd. (TSX-V: ELO; OTCQX: ELRRF; FSE:
P2QM) (“Eloro”, or the “Company”) is pleased to announce
assay results from eight (8) additional diamond drill holes from
its on-going drilling program 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-southeastern 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 program in the Santa
Barbara target area as shown in Figure 1. Tables 1, 2, 3, 4 and 5
list significant assay results for the drill holes reported. Prices
used for calculating Ag equivalent grades are as outlined in
Eloro’s July 21, 2022 press release. Table 6 summarizes drill holes
completed with assays pending.
Tom Larsen, CEO of Eloro, said: “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. 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 commented: “We continue to obtain promising
results from our drilling on the High-Grade Feeder Zone at Santa
Barbara. 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 program, we
are now focussed on working with Micon International to complete
the inaugural mineral resource estimate.”
Santa Barbara High Grade Feeder Zone
Extension Definition Drilling
Six holes (DSB-35, DSB-37 to DSB-41) tested the
south-southeastern extension of the high-grade feeder zone at Santa
Barbara.
Holes DSB-38, DSB-39 and DSB-40 were drilled on
an approximately 1km long section across the central part of the
caldera valley approximately 500m south-southeast of the
underground drill bay in the Santa Barbara adit as shown in Figure
1. The three holes were all drilled at an azimuth of 2250 with a
dip of -600. Collectively, these holes intersected many significant
intersections within altered and mineralized dacite including:
Highlights Hole DSB-38
- 542.75g
Ag eq/t (330.95g Ag/t, 0.85% Zn and 5.20% Pb) over 7.55m
from 186.75m to 194.30.
- 129.92g
Ag eq/t (18.63g Ag/t, 1.81% Zn and 0.36% Pb) over 31.92m
from 365.26m to 397.18m including:
- 204.13g
Ag eq/t (34.18g Ag/t, 2.71% Zn and 0.63% Pb) over 10.54m
from 377.50m to 388.04m.
- 285.65g
Ag eq/t (137.00g Ag/t, 0.29% Zn and 4.17% Pb) over 4.65m
from 412.35m to 417.00m.
- 143.52g
Ag eq/t (26.09 g Ag/t, 1.64% Zn and 0.88% Pb) over 16.69m
from 423.16m to 439.85m.
- 269.56g
Ag eq/t (52.63g Ag/t, 3.02% Zn and 1.82% Pb) over 58.58m
from 463.95m to 522.53m including:
- 462.04g
Ag eq/t (75.05g Ag/t, 5.87% Zn and 2.55% Pb) over 23.80m
from 463.95m to 487.75m.
- 101.74g
Ag eq/t (10.59g Ag/t, 0.16 gAu/t, 1.23% Zn and 0.28% Pb) over
74.07m from 627.38m to 701.45m including:
- 255.53g
Ag eq/t (31.83g Ag/t, 0.59 g Au/t, 2.73% Zn and 0.64% Pb) over
17.24m from 658.41m to 675.65m.
- 205.14g
Ag eq/t (12.28g Ag/t, 3.05% Zn and 0.85% Pb) over 12.14m
from 746.76m to 758.90m.
- 94.46g
Ag eq/t (12.84g Ag/t, 1.15% Zn and 0.32% Pb) over 12.07m
from 807.30m to 819.37m.
-
41% of this 851.5m long drill
hole contains reportable intersections averaging 133.99g Ag
eq/t.
Highlights Hole DSB-39
- 93.08g
Ag eq/t (5.22g Ag/t, 1.48% Zn and 0.33% Pb) over 16.99m
from 157.95m to 174.94m.
- 111.70g
Ag eq/t (4.85g Ag/t, 0.32 g Au/t, 1.22% Zn and 0.15% Pb) over
19.54m from 277.60m to 297.14m.
- 123.89g
Ag eq/t (6.80g Ag/t, 2.0% Zn and 0.24% Pb) over 10.44m
from 425.62m to 436.06m.
- 72.40g
Ag eq/t (9.38g Ag/t, 0.83% Zn and 0.82% Pb) over 28.58m
from 517.82m to 546.40m including a higher-grade section of:
- 107.35g
Ag eq/t (15.47g Ag/t, 1.18% Zn and 0.82% Pb) over 9.00m
from 535.90m to 544.90m.
- 142.44g
Ag eq/t (20.17g Ag/t, 0.78 g Au/t, 0.70% Zn and 0.38% Pb) over
6.17m from 829.45m to 835.62m.
-
24% of this 857.4 m long hole
contained reportable intersections which collectively averaged
84.39 g Ag eq/t.
Highlights Hole DSB-40
- 91.96g
Ag eq/t (4.71g Ag/t, 1.37% Zn and 0.15% Pb) over 193.96m
from 239.81m to 433.77m with higher-grade portions of:
- 147.94g
Ag eq/t (4.56g Ag/t, 2.48% Zn and 0.29% Pb) over 19.86m
from 294.34m to 314.20m.
- 218.05g
Ag eq/t (14.33g Ag/t, 0.14 g Au/t, 3.35% Zn and 0.33% Pb) over
11.21m from 390.77m to 401.98m.
- 144.05g
Ag eq/t (9.10g Ag/t, 0.19 g Au/t, 2.03% Zn and 0.32% Pb) over
8.95m from 460.50m to 469.45m.
- 74.06g
Ag eq/t (7.30g Ag/t, 0.09 g Au/t, 0.71% Zn and 0.06% Pb) over
90.22m from 477.04m to 567.26m with a higher-grade portion
of:
- 157.98g
Ag eq/t (12.23g Ag/t, 0.21 g Au/t, 1.92% Zn and 0.14% Pb) over
19.50m from 513.15m to 532.65m.
- 191.50g
Ag eq/t (16.77g Ag/t, 0.11 g Au/t, 0.40% Zn, 0.45% Pb and 0.33% Sn)
over 18.13m from 647.42m to 665.55m.
-
35% of this 1,052.4m long hole
contained reportable intersections which collectively averaged
92.11g Ag eq/t.
Holes DSB-37 and DSB-41 were collared on
sections 100m and 300m northwest, respectively, of the DSB-38 to
-40 section as shown in Figure 1. Highlights from these holes which
intersected altered and mineralized dacite are as follows:
Highlights DSB-37
- 108.54g
Ag eq/t (46.67g Ag/t, 0.21% Pb and 0.12% Sn) over 16.11m
from 0.00m to 16.11m.
- 55.24g
Ag eq/t (3.95g Ag/t, 0.78% Zn and 0.17% Pb) over 74.72m
from 223.25m to 297.97m including higher-grade sections grading:
- 95.69g
Ag eq/t (4.83g Ag/t, 1.43% Zn and 0.31% Pb) over 4.50m
from 246.90m to 251.40m.
- 232.58g
Ag eq/t (43.41g Ag/t, 2.88% Zn and 1.15% Pb) over 2.97m
from 287.31m to 290.28m.
- 212.76g
Ag eq/t (38.92g Ag/t, 1.37% Zn, 2.03% Pb and 0.08% Sn) over
18.30m from 316.35m to 334.65m.
- 345.39g
Ag eq/t (36.06g Ag/t, 0.15g Au/t, 2.83% Zn, 0.93% Pb and 0.32% Sn)
over 12.12m from 446.61m to 458.73m.
- 214.76g
Ag eq/t (24.87g Ag/t, 0.36g Au/t, 1.60% Zn, 0.24% Pb and 0.17% Sn)
over 7.65m from 499.66m to 507.31m.
- 75.16g
Ag eq/t (7.95g Ag/t, 0.11g Au/t, 0.76% Zn and 0.20% Pb) over
63.65m from 549.90m to 613.55m including higher-grade
sections grading:
- 422.12g
Ag eq/t (60.29g Ag/t, 0.40g Au/t, 4.27% Zn and 2.39% Pb) over
3.02m from 600.12m to 603.14m.
- 195.47g
Ag eq/t (15.77g Ag/t, 0.15g Au/t, 1.89% Zn, 0.94% Pb and 0.10% Sn)
over 4.37m from 609.18m to 613.55m.
-
38% of this 917.4m long drill
hole contains reportable intersections averaging 90.54g Ag
eq/t.
Highlights DSB-41
- 119.70g
Ag eq/t (20.22g Ag/t, 0.14g Au/t, 1.31% Zn and 0.54% Pb) over
46.73m from 340.11m to 386.84m.
- 64.69g
Ag eq/t (2.88g Ag/t, 1.05% Zn and 0.14% Pb) over 40.78m
from 429.22m to 470.00m with a higher-grade portion of:
- 100.53g
Ag eq/t (4.82g Ag/t, 1.62% Zn and 0.26% Pb) over 12.07m
from 445.88m to 457.95m.
- 124.30 g
Ag eq/t (33.73g Ag/t, 1.03% Zn and 0.93% Pb) over 16.41m
from 562.11m to 578.52m.
- 102.27g
Ag eq/t (12.76g Ag/t, 1.15% Zn and 0.27% Pb) over 19.61m
from 609.97m to 629.58m.
- 145.52g
Ag eq/t (15.52g Ag/t, 0.11gAu/t, 1.54% Zn, 0.36% Pb and 0.07% Sn)
over 71.39m from 650.36m to 721.75m including a
higher-grade portion of:
- 261.83g
Ag eq/t (26.12g Ag/t, 0.09g Au/t, 2.78% Zn, 0.56% Pb and 0.17% Sn)
over 15.24m from 699.28m to 714.52m.
-
29% of this 829.4m long hole
contained reportable intersections which collectively averaged
114.16g Ag eq/t.
Santa Barbara Southwest Extension
Drilling
Hole DSB-35 was drilled to test
the potential southwest extension of the Santa Barbara High Grade
Feeder Zone shown in Figure 1. Sn grades are notably elevated in
this area. This hole was collared approximately 300m west-northwest
of the underground drill bay in the Santa Barbara adit and was
drilled at an azimuth of 2250 with a dip of -600. This hole
intersected several significant intersections including:
- 89.43g
Ag eq/t (5.63g Ag/t, and 0.20% Sn) over 104.86m from 0.00m
to 104.86m with higher-grade portions of:
- 203.86g
Ag eq/t (5.42g Ag/t, 0.14 g Au/t, and 0.47% Sn) over 8.69m
from 7.72m to 16.41m.
- 383.23 g
Ag eq/t (5.66g Ag/t, 0.06 g Au/t, and 0.95% Sn) over 4.44m
from 38.69m to 43.13m.
- 153.09g
Ag eq/t (2.40g Ag/t and 0.37% Sn) over 7.66m from 95.70m
to 103.36m.
- 112.97g
Ag eq/t (13.80g Ag/t, 0.40 g Au/t and 0.15% Sn) over
13.70m from 330.70m to 344.40m.
- 195.29g
Ag eq/t (26.32g Ag/t, 0.32 g Au/t, 0.30% Cu and 0.24% Sn) over
14.47m from 577.37m to 591.84m.
- 58.22g
Ag eq/t (2.40g Ag/t, 0.14% Cu and 0.07% Sn) over 46.64m
from 677.00m to 723.64m including:
- 135.97g
Ag eq/t (6.81g Ag/t, 0.37% Cu and 0.18% Sn) over 6.22m
from 691.75m to 697.97m.
Santa Barbara Metallurgical
Drilling
METSBUG-03 is the third
metallurgical drill hole collared from the underground drill bay on
the Santa Barbara adit. The hole was drilled at an azimuth of 2700
and a dip of -350 to a length of 707.8m. Significant results are as
follows:
- 122.25g
Ag eq/t (17.77g Ag/t, 0.30% Zn, 0.33% Pb, 0.10% Cu and 0.16% Sn)
over 210.74m from 0.00m to 210.74m with higher-grade
portions of:
- 272.90g
Ag eq/t (100.21g Ag/t, 0.37% Pb, 0.17% Cu and 0.16% Sn) over
16.57m from 101.69 to 118.26m.
- 199.68g
Ag eq/t (51.11g Ag/t and 0.34% Sn) over 13.11m from 171.89
to 185.00m.
- 240.31g
Ag eq/t (1.00g Ag/t and 0.61% Sn) over 11.99m from 280.87m
to 292.86m.
- 252.83g
Ag eq/t (6.89g Ag/t and 0.62% Sn) over 10.51m from 325.76m
to 336.27m.
- 397.04 g
Ag eq/t (17.32g Ag/t, 0.67g Au/t, 0.10% Pb, 0.44% Cu and 0.68% Sn)
over 32.00m from 489.05m to 521.05m including:
- 881.48g
Ag eq/t (33.42g Ag/t, 1.43g Au/t, 0.28% Pb, 0.60% Cu and 1.65% Sn)
over 9.15m from 489.05m to 498.20m; and
- 501.04g
Ag eq/t (16.08g Ag/t, 0.68g Au/t, 1.03% Cu and 0.77% Sn) over
5.83m from 489.05m to 498.20m.
- 99.87g
Ag eq/t (3.76g Ag/t, 0.68g Au/t, 0.29% Cu and 0.09% Sn) over
30.76m from 531.79m to 562.55m.
- 195.59g
Ag eq/t (6.56g Ag/t, 0.68g Au/t, 0.61% Cu and 0.13% Sn) over
9.43m from 553.12m to 562.55m.
- 371.47g
Ag eq/t (28.44g Ag/t, 0.37g Au/t, 0.74% Cu and 0.52% Sn) over
36.32m from 574.62m to 610.94m with a higher-grade portion
of:
- 583.25g
Ag eq/t (44.82g Ag/t, 0.56g Au/t, 0.12% Pb, 1.18% Cu and 0.82%
Sn) over 21.05m from 585.27m to
606.32m.
- 135.62g
Ag eq/t (7.25g Ag/t, 0.22% Cu and 0.22% Sn) over 25.85m
from 635.28m to 661.13m.
- 97.90g
Ag eq/t (6.61g Ag/t, 0.10g Au/t, 0.15% Cu and 0.15% Sn) over
16.83m from 670.17m to 687.00m.
-
64% of this 707.8m long drill
hole contains reportable intersections averaging 164.32 g
Ag eq/t.
Reconnaissance Drilling Mina 2
Area
Hole DM2-01 is a reconnaissance
drill hole collared in the Mina 2 area in the southeastern part of
the property. This hole returned several significant short
intersections along a structure in the Ordovician basement
metasediments as follows:
- 103.60g
Ag eq/t (10.30g Ag/t, 0.23g Au/t, 0.95% Zn and 0.34% Pb) over
1.50m from 0.00m to 1.50m.
- 328.17g
Ag eq/t (17.90g Ag/t, 2.49g Au/t, 0.43% Zn, 0.18% Pb and 0.14% Sn)
over 1.53m from 398.54m to 400.07m.
- 88.51g
Ag eq/t (10.74g Ag/t and 1.40% Zn) over 3.06m from 847.57m
to 850.63m.
Sampling of the underground workings at Mina 1,
Mina 2, Mina 3 and Mina 4 (Figure 1) has been completed with
results pending. Geological mapping is also being carried out in
the area to develop a better understanding of the structural
controls on mineralization before carrying out further drilling in
this target area.
Figure 1 – Geological Plan Map showing
Drilling in Santa Barbara Area with Holes referred to in this
release highlighted.
Table 1: Significant Results, Surface
Diamond Drilling, Santa Barbara Resource Definition High Grade
Feeder Zone Extension as at November 29, 2022.
|
SANTA BARBARA RESOURCE DEFINITION - HIGH GRADE FEEDER ZONE
EXTENSION |
|
SURFACE DIAMOND DRILLING |
|
Hole No. |
From (m) |
To (m) |
Length (m) |
Ag |
Au |
Zn |
Pb |
Cu |
Sn |
Bi |
Cd |
Ag eq |
|
g/t |
g/t |
% |
% |
% |
% |
% |
% |
g/t |
|
DSB-38 |
0.00 |
54.42 |
54.42 |
8.37 |
0.03 |
0.04 |
0.20 |
0.01 |
0.05 |
0.002 |
0.001 |
41.69 |
|
|
80.60 |
92.92 |
12.32 |
15.90 |
0.01 |
0.21 |
1.42 |
0.09 |
0.00 |
0.002 |
0.015 |
85.40 |
|
|
166.21 |
169.27 |
3.06 |
3.01 |
0.19 |
0.66 |
0.07 |
0.00 |
0.00 |
0.001 |
0.001 |
56.77 |
|
|
186.75 |
194.30 |
7.55 |
330.95 |
0.01 |
0.85 |
5.20 |
0.02 |
0.01 |
0.001 |
0.001 |
542.75 |
|
|
265.32 |
268.30 |
2.98 |
6.41 |
0.01 |
0.94 |
0.18 |
0.00 |
0.01 |
0.001 |
0.002 |
62.96 |
|
|
275.84 |
287.88 |
12.04 |
29.90 |
0.01 |
0.23 |
0.92 |
0.00 |
0.01 |
0.001 |
0.001 |
76.10 |
|
|
307.67 |
313.68 |
6.01 |
9.92 |
0.01 |
1.30 |
0.29 |
0.01 |
0.00 |
0.001 |
0.005 |
87.62 |
|
|
323.00 |
326.00 |
3.00 |
9.50 |
0.01 |
1.03 |
0.16 |
0.02 |
0.01 |
0.001 |
0.004 |
74.03 |
|
|
357.85 |
360.76 |
2.91 |
2.02 |
0.01 |
1.08 |
0.07 |
0.01 |
0.01 |
0.001 |
0.004 |
61.44 |
|
|
365.26 |
397.18 |
31.92 |
18.63 |
0.01 |
1.81 |
0.36 |
0.02 |
0.02 |
0.003 |
0.008 |
129.92 |
|
Incl. |
377.50 |
388.04 |
10.54 |
34.18 |
0.01 |
2.71 |
0.63 |
0.03 |
0.03 |
0.008 |
0.012 |
204.13 |
|
|
412.35 |
417.00 |
4.65 |
137.00 |
0.01 |
0.29 |
4.17 |
0.00 |
0.00 |
0.001 |
0.001 |
285.65 |
|
|
423.16 |
439.85 |
16.69 |
26.09 |
0.01 |
1.64 |
0.88 |
0.02 |
0.02 |
0.001 |
0.005 |
143.52 |
|
|
463.95 |
522.53 |
58.58 |
52.63 |
0.01 |
3.02 |
1.82 |
0.03 |
0.01 |
0.002 |
0.013 |
269.56 |
|
Incl. |
463.95 |
487.75 |
23.80 |
75.05 |
0.02 |
5.87 |
2.55 |
0.04 |
0.02 |
0.003 |
0.027 |
462.04 |
|
|
561.68 |
563.14 |
1.46 |
7.00 |
0.01 |
0.86 |
0.35 |
0.01 |
0.01 |
0.001 |
0.003 |
64.84 |
|
|
571.90 |
573.40 |
1.50 |
17.00 |
0.16 |
1.80 |
0.44 |
0.03 |
0.02 |
0.001 |
0.007 |
143.59 |
|
|
577.58 |
579.17 |
1.59 |
10.00 |
0.05 |
3.35 |
0.30 |
0.01 |
0.01 |
0.001 |
0.017 |
196.91 |
|
|
590.73 |
616.80 |
26.07 |
3.32 |
0.01 |
0.97 |
0.14 |
0.01 |
0.01 |
0.001 |
0.004 |
62.34 |
|
|
627.38 |
701.45 |
74.07 |
10.59 |
0.16 |
1.23 |
0.28 |
0.01 |
0.01 |
0.003 |
0.004 |
101.64 |
|
Incl. |
658.41 |
675.65 |
17.24 |
31.83 |
0.59 |
2.73 |
0.64 |
0.03 |
0.03 |
0.006 |
0.009 |
255.53 |
|
|
725.46 |
728.55 |
3.09 |
1.51 |
0.10 |
0.72 |
0.15 |
0.01 |
0.01 |
0.001 |
0.002 |
54.04 |
|
|
746.76 |
758.90 |
12.14 |
12.28 |
0.09 |
3.05 |
0.85 |
0.01 |
0.01 |
0.002 |
0.010 |
205.14 |
|
|
773.94 |
775.57 |
1.63 |
4.00 |
0.02 |
1.00 |
0.11 |
0.00 |
0.01 |
0.001 |
0.004 |
62.45 |
|
|
807.30 |
819.37 |
12.07 |
12.84 |
0.07 |
1.15 |
0.32 |
0.01 |
0.02 |
0.001 |
0.005 |
94.46 |
|
|
822.40 |
823.92 |
1.52 |
9.00 |
0.01 |
0.81 |
0.32 |
0.01 |
0.01 |
0.004 |
0.003 |
67.26 |
|
|
840.53 |
842.01 |
1.48 |
6.00 |
0.02 |
1.81 |
0.23 |
0.01 |
0.08 |
0.001 |
0.006 |
137.25 |
|
Hole No. |
From (m) |
To (m) |
Length (m) |
Ag |
Au |
Zn |
Pb |
Cu |
Sn |
Bi |
Cd |
Ag eq |
|
g/t |
g/t |
% |
% |
% |
% |
% |
% |
g/t |
|
DSB-39 |
0.00 |
16.58 |
16.58 |
13.80 |
0.02 |
0.00 |
0.07 |
0.00 |
0.08 |
0.001 |
0.001 |
49.42 |
|
|
30.29 |
51.10 |
20.81 |
8.95 |
0.03 |
0.01 |
0.12 |
0.01 |
0.09 |
0.001 |
0.001 |
52.00 |
|
|
100.25 |
103.27 |
3.02 |
24.25 |
0.04 |
2.42 |
0.84 |
0.01 |
0.01 |
0.001 |
0.025 |
181.78 |
|
|
116.80 |
138.27 |
21.47 |
1.80 |
0.01 |
0.97 |
0.09 |
0.00 |
0.01 |
0.001 |
0.002 |
56.38 |
|
|
147.37 |
148.78 |
1.41 |
2.00 |
0.01 |
1.14 |
0.13 |
0.01 |
0.01 |
0.001 |
0.001 |
66.48 |
|
|
157.95 |
174.94 |
16.99 |
5.22 |
0.01 |
1.48 |
0.33 |
0.01 |
0.00 |
0.001 |
0.005 |
93.08 |
|
|
192.37 |
193.93 |
1.56 |
4.00 |
0.01 |
1.47 |
0.19 |
0.02 |
0.01 |
0.001 |
0.004 |
88.06 |
|
|
214.50 |
217.51 |
3.01 |
1.50 |
0.01 |
0.81 |
0.15 |
0.01 |
0.01 |
0.001 |
0.001 |
52.29 |
|
|
224.98 |
230.97 |
5.99 |
7.93 |
0.07 |
1.45 |
0.30 |
0.02 |
0.01 |
0.021 |
0.004 |
107.01 |
|
|
237.07 |
240.05 |
2.98 |
3.75 |
0.01 |
1.31 |
0.22 |
0.02 |
0.02 |
0.001 |
0.004 |
84.37 |
|
|
277.60 |
297.14 |
19.54 |
4.85 |
0.32 |
1.22 |
0.15 |
0.01 |
0.01 |
0.042 |
0.004 |
111.70 |
|
|
307.55 |
309.06 |
1.51 |
3.00 |
0.01 |
1.11 |
0.14 |
0.00 |
0.01 |
0.001 |
0.001 |
66.62 |
|
|
371.23 |
372.73 |
1.50 |
4.00 |
0.01 |
1.21 |
0.16 |
0.01 |
0.00 |
0.001 |
0.005 |
70.62 |
|
|
395.57 |
401.71 |
6.14 |
3.67 |
0.01 |
1.56 |
0.29 |
0.01 |
0.01 |
0.001 |
0.005 |
96.80 |
|
|
406.31 |
410.75 |
4.44 |
2.65 |
0.42 |
0.73 |
0.10 |
0.01 |
0.01 |
0.001 |
0.002 |
86.17 |
|
|
425.62 |
436.06 |
10.44 |
6.80 |
0.01 |
2.06 |
0.24 |
0.01 |
0.01 |
0.001 |
0.007 |
123.89 |
|
|
446.60 |
455.65 |
9.05 |
4.30 |
0.01 |
1.05 |
0.17 |
0.00 |
0.01 |
0.001 |
0.005 |
66.52 |
|
|
466.36 |
469.55 |
3.19 |
2.00 |
0.01 |
1.28 |
0.24 |
0.01 |
0.00 |
0.001 |
0.006 |
76.62 |
|
|
499.93 |
505.90 |
5.97 |
38.37 |
0.03 |
2.75 |
1.89 |
0.01 |
0.01 |
0.002 |
0.013 |
243.32 |
|
|
517.82 |
546.40 |
28.58 |
9.38 |
0.01 |
0.83 |
0.51 |
0.01 |
0.01 |
0.001 |
0.004 |
72.40 |
|
Incl. |
535.90 |
544.90 |
9.00 |
15.47 |
0.02 |
1.18 |
0.82 |
0.01 |
0.01 |
0.001 |
0.005 |
107.35 |
|
|
604.98 |
611.16 |
6.18 |
5.04 |
0.13 |
0.65 |
0.14 |
0.01 |
0.01 |
0.001 |
0.001 |
59.73 |
|
|
615.55 |
618.62 |
3.07 |
4.51 |
0.01 |
0.69 |
0.13 |
0.02 |
0.01 |
0.001 |
0.004 |
50.51 |
|
|
657.58 |
665.08 |
7.50 |
4.41 |
0.26 |
0.98 |
0.10 |
0.01 |
0.02 |
0.002 |
0.002 |
89.90 |
|
|
671.10 |
672.61 |
1.51 |
17.00 |
0.35 |
0.11 |
0.35 |
0.01 |
0.01 |
0.003 |
0.001 |
72.69 |
|
|
745.06 |
747.93 |
2.87 |
42.45 |
0.12 |
1.40 |
1.32 |
0.01 |
0.03 |
0.001 |
0.005 |
176.37 |
|
|
812.52 |
814.01 |
1.49 |
6.00 |
0.30 |
0.74 |
0.22 |
0.00 |
0.00 |
0.006 |
0.002 |
79.01 |
|
|
829.45 |
835.62 |
6.17 |
20.17 |
0.78 |
0.70 |
0.38 |
0.02 |
0.01 |
0.005 |
0.003 |
142.44 |
|
Hole No. |
From (m) |
To (m) |
Length (m) |
Ag |
Au |
Zn |
Pb |
Cu |
Sn |
Bi |
Cd |
Ag eq |
|
g/t |
g/t |
% |
% |
% |
% |
% |
% |
g/t |
|
DSB-40 |
93.28 |
94.83 |
1.55 |
3.00 |
0.06 |
0.99 |
1.09 |
0.04 |
0.14 |
0.002 |
0.003 |
148.59 |
|
|
129.93 |
135.75 |
5.82 |
0.88 |
0.01 |
0.95 |
0.02 |
0.01 |
0.01 |
0.001 |
0.001 |
54.10 |
|
|
143.10 |
144.55 |
1.45 |
2.00 |
0.39 |
0.72 |
0.19 |
0.08 |
0.02 |
0.019 |
0.001 |
100.65 |
|
|
150.60 |
153.67 |
3.07 |
3.01 |
0.03 |
0.76 |
0.21 |
0.07 |
0.03 |
0.011 |
0.001 |
71.86 |
|
|
190.05 |
191.60 |
1.55 |
6.00 |
0.01 |
1.88 |
0.59 |
0.02 |
0.01 |
0.003 |
0.008 |
124.47 |
|
|
209.65 |
215.77 |
6.12 |
3.75 |
0.02 |
1.88 |
0.16 |
0.01 |
0.01 |
0.010 |
0.007 |
111.96 |
|
|
224.88 |
226.53 |
1.65 |
0.50 |
0.94 |
0.73 |
0.06 |
0.01 |
0.01 |
0.005 |
0.001 |
129.01 |
|
|
239.81 |
433.77 |
193.96 |
4.71 |
0.07 |
1.37 |
0.15 |
0.02 |
0.01 |
0.004 |
0.004 |
91.96 |
|
Incl. |
294.34 |
314.20 |
19.86 |
4.56 |
0.03 |
2.48 |
0.29 |
0.02 |
0.01 |
0.003 |
0.007 |
147.94 |
|
Incl. |
390.77 |
401.98 |
11.21 |
14.33 |
0.14 |
3.35 |
0.33 |
0.01 |
0.03 |
0.002 |
0.012 |
218.05 |
|
|
445.80 |
452.87 |
7.07 |
3.02 |
0.40 |
0.58 |
0.03 |
0.01 |
0.01 |
0.002 |
0.001 |
73.78 |
|
|
460.50 |
469.45 |
8.95 |
9.10 |
0.19 |
2.03 |
0.32 |
0.01 |
0.01 |
0.004 |
0.006 |
144.05 |
|
|
477.04 |
567.26 |
90.22 |
7.30 |
0.09 |
0.71 |
0.06 |
0.03 |
0.04 |
0.003 |
0.003 |
74.06 |
|
Incl. |
513.15 |
532.65 |
19.50 |
12.23 |
0.21 |
1.92 |
0.14 |
0.05 |
0.05 |
0.001 |
0.010 |
157.98 |
|
|
603.50 |
606.45 |
2.95 |
8.93 |
0.10 |
0.36 |
0.07 |
0.03 |
0.06 |
0.001 |
0.001 |
63.47 |
|
|
612.56 |
614.14 |
1.58 |
7.00 |
0.07 |
2.34 |
0.03 |
0.01 |
0.02 |
0.001 |
0.001 |
136.96 |
|
|
617.22 |
618.75 |
1.53 |
11.00 |
0.04 |
0.75 |
0.40 |
0.03 |
0.03 |
0.001 |
0.003 |
77.51 |
|
|
629.40 |
630.90 |
1.50 |
4.00 |
0.01 |
0.87 |
0.23 |
0.00 |
0.02 |
0.001 |
0.003 |
61.57 |
|
|
647.42 |
665.55 |
18.13 |
16.77 |
0.11 |
0.40 |
0.45 |
0.01 |
0.33 |
0.003 |
0.002 |
191.50 |
|
|
676.10 |
679.12 |
3.02 |
12.02 |
0.52 |
0.31 |
0.05 |
0.01 |
0.01 |
0.004 |
0.001 |
83.41 |
|
|
685.05 |
686.58 |
1.53 |
41.00 |
0.08 |
0.07 |
0.04 |
0.01 |
0.01 |
0.021 |
0.001 |
61.00 |
|
|
694.04 |
695.52 |
1.48 |
6.00 |
0.04 |
0.82 |
0.07 |
0.01 |
0.01 |
0.002 |
0.004 |
56.30 |
|
|
748.30 |
749.79 |
1.49 |
5.00 |
0.03 |
1.34 |
0.10 |
0.01 |
0.01 |
0.001 |
0.008 |
82.61 |
|
|
763.41 |
766.47 |
3.06 |
4.00 |
0.04 |
0.83 |
0.04 |
0.04 |
0.01 |
0.001 |
0.004 |
58.81 |
|
|
769.50 |
771.00 |
1.50 |
5.00 |
0.36 |
0.33 |
0.01 |
0.07 |
0.02 |
0.001 |
0.001 |
67.55 |
|
|
819.27 |
822.34 |
3.07 |
0.76 |
0.46 |
0.07 |
0.01 |
0.03 |
0.01 |
0.037 |
0.001 |
59.09 |
|
|
1040.67 |
1043.70 |
3.03 |
0.50 |
0.65 |
0.01 |
0.00 |
0.02 |
0.01 |
0.029 |
0.001 |
70.78 |
Note: True width of the
mineralization is not known at the present time, but based on the
current understanding of the relationship between drill
orientation/inclination and the mineralization within the breccia
pipes and the host rocks such as sandstones and dacites, it is
estimated that true width ranges between 70% and 90% of the down
hole interval length but this will be confirmed by further drilling
and geological modelling.
Chemical symbols: Ag= silver, Au = gold, Zn =
zinc, Pb = lead, Cu = copper, Sn = tin, Bi = bismuth, Cd = cadmium
and g Ag eq/t = grams silver equivalent per tonne. Quantities are
given in percent (%) for Zn, Pb Cu, Sn, Bi and Cd and in grams per
tonne (g/t) for Ag, Au and Ag eq.
Metal prices and conversion factors used for
calculation of g Ag eq/t (grams Ag per grams x metal ratio) are as
follows: (Prices updated as of July 21, 2022, to more accurately
reflect current metal prices):
|
Element |
Price $US (per kg) |
Ratio to Ag |
|
Ag |
$607.00 |
1.0000 |
|
Sn |
$23.55 |
0.0589 |
|
Zn |
$2.98 |
0.0046 |
|
Pb |
$1.92 |
0.0032 |
|
Au |
$54,932.80 |
79.7221 |
|
Cu |
$7.00 |
0.0134 |
|
Bi |
$12.76 |
0.0177 |
|
Cd |
$5.50 |
0.0076 |
In calculating the intersections reported in
this press release a sample cutoff of 30 g Ag eq/t was used with
generally a maximum dilution of 3 continuous samples below cutoff
included within a mineralized section unless more dilution is
justified geologically.
The equivalent grade calculations are based on
the stated metal prices and are provided for comparative purposes
only, due to the polymetallic nature of the deposit. Metallurgical
tests are in progress by Blue Coast Ltd. to establish levels of
recovery for each element reported but currently the potential
recovery for each element has not yet been established. While there
is no assurance that all or any of the reported concentrations of
metals will be recoverable, Bolivia has a long history of
successfully mining and processing similar polymetallic deposits
which is well documented in the landmark volume “Yacimientos
Metaliferos de Bolivia” by Dr. Osvaldo R. Arce Burgoa, P.Geo.
Table 2: Significant Results, Surface
Diamond Drilling, Santa Barbara Resource Definition High Grade
Feeder Zone Extension as at November 29, 2022.
|
SANTA BARBARA RESOURCE DEFINITION - HIGH GRADE FEEDER ZONE
EXTENSION |
|
SURFACE DIAMOND DRILLING |
|
Hole No. |
From (m) |
To (m) |
Length (m) |
Ag |
Au |
Zn |
Pb |
Cu |
Sn |
Bi |
Cd |
Ag eq |
|
g/t |
g/t |
% |
% |
% |
% |
% |
% |
g/t |
|
DSB-37 |
0.00 |
16.11 |
16.11 |
46.67 |
0.07 |
0.01 |
0.21 |
0.00 |
0.12 |
0.004 |
0.001 |
108.54 |
|
|
62.32 |
63.87 |
1.55 |
8.00 |
0.05 |
0.08 |
0.51 |
0.14 |
0.02 |
0.014 |
0.003 |
57.89 |
|
|
83.49 |
86.58 |
3.09 |
5.04 |
0.04 |
1.25 |
0.41 |
0.00 |
0.01 |
0.001 |
0.079 |
93.33 |
|
|
92.61 |
109.36 |
16.75 |
1.31 |
0.01 |
0.72 |
0.13 |
0.00 |
0.01 |
0.001 |
0.003 |
45.09 |
|
|
115.34 |
133.38 |
18.04 |
1.50 |
0.01 |
0.83 |
0.15 |
0.00 |
0.00 |
0.001 |
0.002 |
50.06 |
|
|
141.00 |
147.04 |
6.04 |
1.82 |
0.11 |
0.68 |
0.11 |
0.00 |
0.01 |
0.001 |
0.002 |
52.58 |
|
|
154.51 |
188.95 |
34.44 |
3.70 |
0.02 |
0.99 |
0.20 |
0.02 |
0.01 |
0.001 |
0.004 |
64.98 |
|
|
200.85 |
209.73 |
8.88 |
2.42 |
0.05 |
0.61 |
0.12 |
0.01 |
0.01 |
0.001 |
0.001 |
47.34 |
|
|
223.25 |
297.97 |
74.72 |
3.95 |
0.04 |
0.79 |
0.17 |
0.01 |
0.01 |
0.001 |
0.003 |
55.24 |
|
Incl. |
246.90 |
251.40 |
4.50 |
4.83 |
0.05 |
1.43 |
0.31 |
0.02 |
0.01 |
0.001 |
0.005 |
95.69 |
|
Incl. |
287.31 |
290.28 |
2.97 |
43.41 |
0.02 |
2.88 |
1.15 |
0.01 |
0.02 |
0.001 |
0.015 |
232.58 |
|
|
316.35 |
334.65 |
18.30 |
38.92 |
0.07 |
1.37 |
2.03 |
0.01 |
0.08 |
0.011 |
0.007 |
212.76 |
|
|
345.59 |
353.03 |
7.44 |
4.50 |
0.03 |
1.43 |
0.36 |
0.01 |
0.03 |
0.037 |
0.008 |
108.86 |
|
|
362.73 |
370.34 |
7.61 |
4.61 |
0.03 |
0.77 |
0.59 |
0.01 |
0.03 |
0.003 |
0.004 |
74.67 |
|
|
394.54 |
396.18 |
1.64 |
14.30 |
0.02 |
1.46 |
1.12 |
0.00 |
0.01 |
0.001 |
0.008 |
128.32 |
|
|
411.58 |
419.33 |
7.75 |
4.69 |
0.06 |
1.21 |
0.18 |
0.00 |
0.02 |
0.001 |
0.006 |
83.09 |
|
|
429.84 |
432.93 |
3.09 |
2.78 |
0.51 |
0.19 |
0.05 |
0.00 |
0.01 |
0.001 |
0.001 |
63.45 |
|
|
446.61 |
458.73 |
12.12 |
36.06 |
0.15 |
2.83 |
0.93 |
0.02 |
0.32 |
0.003 |
0.013 |
345.39 |
|
|
463.28 |
464.83 |
1.55 |
39.20 |
0.03 |
1.26 |
0.54 |
0.02 |
0.03 |
0.003 |
0.007 |
135.22 |
|
|
472.36 |
489.15 |
16.79 |
15.12 |
0.05 |
0.84 |
0.24 |
0.01 |
0.03 |
0.006 |
0.003 |
83.02 |
|
|
499.66 |
507.31 |
7.65 |
24.87 |
0.36 |
1.60 |
0.24 |
0.02 |
0.17 |
0.007 |
0.011 |
214.76 |
|
|
517.98 |
530.04 |
12.06 |
7.41 |
0.17 |
1.18 |
0.03 |
0.01 |
0.03 |
0.002 |
0.006 |
93.82 |
|
|
532.96 |
534.49 |
1.53 |
4.20 |
0.16 |
0.69 |
0.01 |
0.01 |
0.02 |
0.004 |
0.003 |
63.33 |
|
|
543.78 |
545.20 |
1.42 |
8.70 |
0.36 |
1.17 |
0.06 |
0.02 |
0.02 |
0.003 |
0.008 |
112.85 |
|
|
549.90 |
613.55 |
63.65 |
7.95 |
0.11 |
0.76 |
0.20 |
0.01 |
0.03 |
0.010 |
0.003 |
75.16 |
|
Incl. |
600.12 |
603.14 |
3.02 |
60.29 |
0.40 |
4.27 |
2.39 |
0.01 |
0.03 |
0.115 |
0.018 |
422.12 |
|
Incl. |
609.18 |
613.55 |
4.37 |
15.77 |
0.15 |
1.89 |
0.94 |
0.01 |
0.10 |
0.023 |
0.004 |
195.47 |
|
|
630.09 |
633.13 |
3.04 |
6.14 |
0.20 |
1.34 |
0.16 |
0.00 |
0.13 |
0.001 |
0.006 |
146.32 |
|
|
737.31 |
738.82 |
1.51 |
31.80 |
0.04 |
0.99 |
0.83 |
0.01 |
0.02 |
0.001 |
0.006 |
121.22 |
|
|
741.84 |
743.37 |
1.53 |
5.00 |
0.02 |
1.69 |
0.22 |
0.02 |
0.02 |
0.002 |
0.006 |
106.48 |
|
|
767.56 |
770.56 |
3.00 |
6.83 |
0.06 |
3.92 |
1.18 |
0.00 |
0.27 |
0.001 |
0.018 |
348.56 |
|
|
823.60 |
825.14 |
1.54 |
9.20 |
0.08 |
0.55 |
0.22 |
0.03 |
0.12 |
0.003 |
0.003 |
102.40 |
|
Hole No. |
From (m) |
To (m) |
Length (m) |
Ag |
Au |
Zn |
Pb |
Cu |
Sn |
Bi |
Cd |
Ag eq |
|
g/t |
g/t |
% |
% |
% |
% |
% |
% |
g/t |
|
DSB-41 |
35.80 |
38.80 |
3.00 |
0.30 |
0.60 |
0.35 |
0.01 |
0.01 |
0.00 |
0.072 |
0.001 |
90.17 |
|
|
72.09 |
75.09 |
3.00 |
73.12 |
0.20 |
2.02 |
4.23 |
0.01 |
0.01 |
0.004 |
0.005 |
330.57 |
|
|
242.14 |
245.16 |
3.02 |
2.59 |
0.01 |
1.49 |
0.14 |
0.00 |
0.00 |
0.001 |
0.006 |
83.73 |
|
|
270.74 |
272.21 |
1.47 |
1.80 |
0.01 |
1.12 |
0.05 |
0.00 |
0.01 |
0.001 |
0.007 |
63.32 |
|
|
284.26 |
285.76 |
1.50 |
5.60 |
0.20 |
0.96 |
0.29 |
0.00 |
0.01 |
0.133 |
0.003 |
112.74 |
|
|
297.89 |
317.55 |
19.66 |
1.14 |
0.01 |
0.91 |
0.06 |
0.00 |
0.01 |
0.001 |
0.003 |
51.78 |
|
|
340.11 |
386.84 |
46.73 |
20.22 |
0.14 |
1.31 |
0.54 |
0.01 |
0.01 |
0.006 |
0.005 |
119.70 |
|
|
409.48 |
414.02 |
4.54 |
14.69 |
0.23 |
1.07 |
0.36 |
0.00 |
0.01 |
0.001 |
0.003 |
104.01 |
|
|
429.22 |
470.00 |
40.78 |
2.88 |
0.01 |
1.05 |
0.14 |
0.01 |
0.01 |
0.001 |
0.003 |
64.69 |
|
Incl. |
445.88 |
457.95 |
12.07 |
4.82 |
0.01 |
1.62 |
0.26 |
0.01 |
0.01 |
0.001 |
0.005 |
100.53 |
|
|
516.78 |
518.36 |
1.58 |
95.30 |
0.10 |
5.52 |
2.66 |
0.03 |
0.04 |
0.139 |
0.034 |
509.44 |
|
|
537.90 |
540.90 |
3.00 |
34.60 |
0.01 |
2.20 |
1.27 |
0.01 |
0.02 |
0.005 |
0.011 |
193.77 |
|
|
554.52 |
557.55 |
3.03 |
12.76 |
0.01 |
0.62 |
0.30 |
0.00 |
0.02 |
0.015 |
0.002 |
63.32 |
|
|
562.11 |
578.52 |
16.41 |
33.73 |
0.01 |
1.03 |
0.93 |
0.01 |
0.02 |
0.001 |
0.003 |
124.30 |
|
|
609.97 |
629.58 |
19.61 |
12.76 |
0.02 |
1.15 |
0.27 |
0.01 |
0.05 |
0.003 |
0.004 |
102.27 |
|
|
650.36 |
721.75 |
71.39 |
15.52 |
0.11 |
1.54 |
0.36 |
0.01 |
0.07 |
0.013 |
0.006 |
145.52 |
|
Incl. |
699.28 |
714.52 |
15.24 |
26.12 |
0.09 |
2.78 |
0.56 |
0.00 |
0.17 |
0.029 |
0.011 |
261.83 |
|
|
733.64 |
738.26 |
4.62 |
6.42 |
0.31 |
0.49 |
0.22 |
0.01 |
0.01 |
0.017 |
0.001 |
74.69 |
|
|
751.89 |
753.40 |
1.51 |
0.30 |
0.59 |
0.08 |
0.03 |
0.02 |
0.00 |
0.003 |
0.001 |
62.56 |
See Note Table 1
Table 3: Significant Results, Surface
Diamond Drilling, Santa Barbara Resource Southwest Extension as at
November 29, 2022.
|
SANTA BARBARA RESOURCE DEFINITION - SOUTHWEST
EXTENSION |
|
SURFACE DIAMOND DRILLING |
|
Hole No. |
From (m) |
To (m) |
Length (m) |
Ag |
Au |
Zn |
Pb |
Cu |
Sn |
Bi |
Cd |
Ag eq |
|
g/t |
g/t |
% |
% |
% |
% |
% |
% |
g/t |
|
DSB-35 |
0.00 |
104.86 |
104.86 |
5.63 |
0.04 |
0.00 |
0.01 |
0.00 |
0.20 |
0.005 |
0.001 |
89.43 |
|
Incl. |
7.72 |
16.41 |
8.69 |
5.42 |
0.14 |
0.00 |
0.01 |
0.00 |
0.47 |
0.002 |
0.001 |
203.86 |
|
Incl. |
38.69 |
43.13 |
4.44 |
5.66 |
0.06 |
0.00 |
0.02 |
0.01 |
0.95 |
0.002 |
0.001 |
383.23 |
|
Incl. |
95.70 |
103.36 |
7.66 |
2.40 |
0.02 |
0.00 |
0.02 |
0.00 |
0.37 |
0.029 |
0.001 |
153.09 |
|
|
176.26 |
177.76 |
1.50 |
4.00 |
0.02 |
0.00 |
0.00 |
0.00 |
0.12 |
0.003 |
0.001 |
53.46 |
|
|
204.86 |
207.88 |
3.02 |
62.11 |
0.38 |
0.00 |
0.06 |
0.01 |
0.27 |
0.021 |
0.001 |
209.03 |
|
|
330.70 |
344.40 |
13.70 |
13.80 |
0.40 |
0.00 |
0.02 |
0.01 |
0.15 |
0.010 |
0.001 |
112.97 |
|
|
410.07 |
416.09 |
6.02 |
4.00 |
0.07 |
0.00 |
0.00 |
0.03 |
0.09 |
0.004 |
0.001 |
48.58 |
|
|
428.13 |
435.53 |
7.40 |
12.03 |
0.07 |
0.00 |
0.02 |
0.00 |
0.08 |
0.006 |
0.001 |
51.29 |
|
|
442.78 |
444.33 |
1.55 |
2.00 |
0.27 |
0.00 |
0.01 |
0.01 |
0.08 |
0.008 |
0.001 |
59.06 |
|
|
448.71 |
450.26 |
1.55 |
19.00 |
0.07 |
0.00 |
0.01 |
0.00 |
0.10 |
0.002 |
0.001 |
63.67 |
|
|
507.29 |
511.74 |
4.45 |
28.66 |
0.14 |
0.00 |
0.01 |
0.05 |
0.02 |
0.007 |
0.001 |
56.62 |
|
|
535.70 |
538.71 |
3.01 |
10.49 |
0.17 |
0.00 |
0.01 |
0.10 |
0.06 |
0.014 |
0.001 |
66.01 |
|
|
557.50 |
558.90 |
1.40 |
3.00 |
0.46 |
0.00 |
0.00 |
0.04 |
0.02 |
0.010 |
0.001 |
59.46 |
|
|
577.37 |
591.84 |
14.47 |
26.32 |
0.32 |
0.01 |
0.01 |
0.30 |
0.24 |
0.063 |
0.001 |
195.29 |
|
|
600.83 |
608.98 |
8.15 |
65.95 |
0.03 |
0.00 |
0.04 |
0.40 |
0.02 |
0.003 |
0.001 |
125.97 |
|
|
611.95 |
613.65 |
1.70 |
1.00 |
0.02 |
0.00 |
0.02 |
0.46 |
0.01 |
0.001 |
0.001 |
61.56 |
|
|
616.68 |
618.17 |
1.49 |
59.00 |
0.01 |
0.00 |
0.00 |
0.00 |
0.01 |
0.006 |
0.001 |
65.65 |
|
|
625.72 |
628.65 |
2.93 |
4.09 |
0.20 |
0.00 |
0.00 |
0.05 |
0.06 |
0.011 |
0.001 |
51.68 |
|
|
633.16 |
634.66 |
1.50 |
3.00 |
0.03 |
0.00 |
0.00 |
0.10 |
0.11 |
0.018 |
0.001 |
64.58 |
|
|
655.82 |
657.33 |
1.51 |
2.00 |
0.06 |
0.00 |
0.00 |
0.08 |
0.09 |
0.017 |
0.001 |
53.81 |
|
|
677.00 |
723.64 |
46.64 |
2.40 |
0.05 |
0.01 |
0.01 |
0.14 |
0.07 |
0.035 |
0.001 |
58.22 |
|
Incl. |
691.75 |
697.97 |
6.22 |
6.81 |
0.07 |
0.01 |
0.07 |
0.37 |
0.18 |
0.040 |
0.001 |
135.97 |
|
|
734.19 |
737.22 |
3.03 |
3.00 |
0.04 |
0.92 |
0.03 |
0.05 |
0.05 |
0.009 |
0.002 |
79.78 |
|
|
746.14 |
749.20 |
3.06 |
8.92 |
0.07 |
0.01 |
0.01 |
0.24 |
0.22 |
0.066 |
0.001 |
140.84 |
|
|
756.83 |
758.40 |
1.57 |
7.00 |
0.04 |
0.01 |
0.01 |
0.22 |
0.11 |
0.056 |
0.001 |
91.40 |
|
|
771.88 |
774.86 |
2.98 |
3.99 |
0.01 |
0.00 |
0.00 |
0.15 |
0.05 |
0.052 |
0.001 |
51.62 |
|
|
784.01 |
785.50 |
1.49 |
8.00 |
0.06 |
0.04 |
0.02 |
0.22 |
0.19 |
0.077 |
0.001 |
130.33 |
|
|
791.48 |
794.58 |
3.10 |
5.87 |
0.05 |
0.01 |
0.00 |
0.27 |
0.04 |
0.166 |
0.001 |
91.04 |
|
|
803.62 |
805.13 |
1.51 |
4.00 |
0.05 |
0.03 |
0.01 |
0.33 |
0.03 |
0.223 |
0.001 |
107.80 |
|
|
812.82 |
814.31 |
1.49 |
2.00 |
0.01 |
0.05 |
0.01 |
0.34 |
0.02 |
0.031 |
0.001 |
59.75 |
|
|
818.85 |
821.88 |
3.03 |
1.50 |
0.06 |
0.01 |
0.00 |
0.20 |
0.02 |
0.093 |
0.001 |
56.36 |
|
|
826.38 |
827.94 |
1.56 |
6.00 |
0.04 |
0.01 |
0.00 |
0.63 |
0.02 |
0.092 |
0.001 |
111.02 |
|
|
840.02 |
846.40 |
6.38 |
5.94 |
0.14 |
0.02 |
0.01 |
0.32 |
0.02 |
0.140 |
0.001 |
94.09 |
|
|
857.05 |
858.57 |
1.52 |
5.00 |
0.04 |
0.38 |
0.01 |
0.13 |
0.08 |
0.003 |
0.001 |
72.04 |
|
|
890.25 |
891.79 |
1.54 |
3.00 |
0.05 |
0.18 |
0.00 |
0.50 |
0.02 |
0.014 |
0.001 |
85.53 |
|
|
914.45 |
915.95 |
1.50 |
3.00 |
0.01 |
0.01 |
0.00 |
0.46 |
0.01 |
0.066 |
0.001 |
74.12 |
|
|
938.52 |
940.03 |
1.51 |
4.00 |
0.01 |
0.03 |
0.01 |
0.40 |
0.03 |
0.075 |
0.001 |
79.63 |
|
|
961.17 |
962.64 |
1.47 |
0.30 |
0.84 |
0.00 |
0.00 |
0.02 |
0.00 |
0.001 |
0.001 |
80.47 |
|
|
979.20 |
983.65 |
4.45 |
3.65 |
0.11 |
0.06 |
0.00 |
0.30 |
0.02 |
0.046 |
0.001 |
70.44 |
|
|
1028.91 |
1030.43 |
1.52 |
1.00 |
0.47 |
0.00 |
0.00 |
0.15 |
0.01 |
0.022 |
0.001 |
70.66 |
See Note Table 1
Table 4: Significant Results, Underground
Diamond Drilling for Metallurgical Testing, Santa Barbara Target
Area as at November 29, 2022.
|
SANTA BARBARA RESOURCE METALLURGICAL DRILLING |
|
UNDERGROUND DIAMOND DRILLING |
|
Hole No. |
From (m) |
To (m) |
Length (m) |
Ag |
Au |
Zn |
Pb |
Cu |
Sn |
Bi |
Cd |
Ag eq |
|
g/t |
g/t |
% |
% |
% |
% |
% |
% |
g/t |
|
METSBUG-03 |
0.00 |
210.74 |
210.74 |
17.77 |
0.04 |
0.30 |
0.33 |
0.10 |
0.16 |
0.007 |
0.003 |
122.25 |
|
Incl. |
101.69 |
118.26 |
16.57 |
100.21 |
0.04 |
0.02 |
0.37 |
0.17 |
0.34 |
0.026 |
0.001 |
272.90 |
|
Incl. |
171.89 |
185.00 |
13.11 |
51.11 |
0.02 |
0.00 |
0.08 |
0.03 |
0.34 |
0.043 |
0.001 |
199.68 |
|
|
244.94 |
259.85 |
14.91 |
2.90 |
0.03 |
0.00 |
0.05 |
0.00 |
0.23 |
0.001 |
0.001 |
95.72 |
|
|
280.87 |
292.86 |
11.99 |
1.00 |
0.01 |
0.00 |
0.01 |
0.01 |
0.61 |
0.001 |
0.001 |
240.31 |
|
|
325.76 |
336.27 |
10.51 |
6.89 |
0.02 |
0.00 |
0.05 |
0.01 |
0.62 |
0.001 |
0.001 |
252.83 |
|
|
406.30 |
448.65 |
42.35 |
22.55 |
0.12 |
0.00 |
0.04 |
0.00 |
0.04 |
0.003 |
0.001 |
51.55 |
|
|
489.05 |
521.05 |
32.00 |
17.32 |
0.67 |
0.00 |
0.10 |
0.44 |
0.68 |
0.010 |
0.001 |
397.04 |
|
Incl. |
489.05 |
498.20 |
9.15 |
33.42 |
1.43 |
0.01 |
0.28 |
0.60 |
1.65 |
0.011 |
0.001 |
881.48 |
|
Incl. |
515.22 |
521.05 |
5.83 |
16.08 |
0.68 |
0.01 |
0.02 |
1.03 |
0.77 |
0.029 |
0.001 |
501.04 |
|
|
531.79 |
562.55 |
30.76 |
3.49 |
0.29 |
0.00 |
0.01 |
0.29 |
0.09 |
0.010 |
0.001 |
99.87 |
|
Incl. |
553.12 |
562.55 |
9.43 |
6.56 |
0.68 |
0.00 |
0.02 |
0.61 |
0.13 |
0.023 |
0.001 |
195.59 |
|
|
574.62 |
610.94 |
36.32 |
28.44 |
0.37 |
0.06 |
0.08 |
0.74 |
0.52 |
0.078 |
0.001 |
371.47 |
|
Incl. |
585.27 |
606.32 |
21.05 |
44.82 |
0.56 |
0.08 |
0.12 |
1.18 |
0.82 |
0.125 |
0.001 |
583.25 |
|
|
635.28 |
661.13 |
25.85 |
7.25 |
0.09 |
0.03 |
0.04 |
0.22 |
0.22 |
0.034 |
0.001 |
135.62 |
|
|
670.17 |
687.00 |
16.83 |
6.61 |
0.10 |
0.02 |
0.02 |
0.15 |
0.15 |
0.024 |
0.001 |
97.90 |
|
|
700.58 |
702.05 |
1.47 |
4.00 |
0.09 |
0.02 |
0.01 |
0.25 |
0.11 |
0.036 |
0.001 |
92.79 |
See Note Table 1
Table 5: Significant Results,
Reconnaissance Diamond Drilling, Mina 2 Area as at November 29,
2022.
|
RECONNAISSANCE DRILLING MINA 2 AREA |
|
SURFACE DIAMOND DRILLING |
|
Hole No. |
From (m) |
To (m) |
Length (m) |
Ag |
Au |
Zn |
Pb |
Cu |
Sn |
Bi |
Cd |
Ag eq |
|
g/t |
g/t |
% |
% |
% |
% |
% |
% |
g/t |
|
DM2-01 |
0.00 |
1.50 |
1.50 |
10.30 |
0.23 |
0.95 |
0.34 |
0.01 |
0.01 |
0.040 |
0.002 |
103.60 |
|
|
294.76 |
297.76 |
3.00 |
2.75 |
0.01 |
0.27 |
0.08 |
0.01 |
0.06 |
0.001 |
0.001 |
45.60 |
|
|
398.54 |
400.07 |
1.53 |
17.90 |
2.49 |
0.43 |
0.18 |
0.02 |
0.14 |
0.006 |
0.001 |
328.17 |
|
|
448.95 |
450.40 |
1.45 |
3.30 |
0.08 |
0.08 |
0.05 |
0.20 |
0.00 |
0.001 |
0.001 |
40.93 |
|
|
592.80 |
594.30 |
1.50 |
32.00 |
0.01 |
0.02 |
0.01 |
0.04 |
0.03 |
0.001 |
0.001 |
49.39 |
|
|
847.57 |
850.63 |
3.06 |
10.74 |
0.01 |
1.40 |
0.08 |
0.01 |
0.01 |
0.001 |
0.006 |
88.51 |
See Note Table 1
Table 6: Summary of Diamond Drill Holes
Completed with Assays Pending at Iska Iska from November 29, 2022
press release
|
SUMMARY DIAMOND DRILLING ISKA ISKA |
|
Hole No. |
Type |
Collar Easting |
Collar Northing |
Elev. |
Azimuth |
Angle |
Hole Length (m) |
|
Surface Drilling Santa Barbara Resource Definition
South-Southeast Extension |
|
DSB-42 |
S |
205577 |
7656316 |
4156 |
225° |
-65° |
845.4 |
|
DSB-43 |
S |
205153 |
7656041 |
4304 |
225° |
-55° |
833.1 |
|
DSB-44 |
S |
205611 |
7655625 |
4076 |
225° |
-60° |
964.1 |
|
DSB-45 |
S |
205263 |
7656426 |
4240 |
225° |
-60° |
836.4 |
|
DSB-46 |
S |
205682 |
7655554 |
4061 |
225° |
-60° |
820.9 |
|
DSB-47 |
S |
205370 |
7656108 |
4227 |
225° |
-60° |
1,001.4 |
|
DSB-48 |
S |
205752 |
7655483 |
4054 |
225° |
-60° |
821.4 |
|
DSB-49 |
S |
205894 |
7655911 |
4017 |
225° |
-60° |
830.4 |
|
DSB-50 |
S |
205965 |
7655841 |
4016 |
225° |
-55° |
854.4 |
|
DSB-51 |
S |
205894 |
7655628 |
4028 |
225° |
-60° |
803.4 |
|
DSB-52 |
S |
205965 |
7655558 |
4002 |
225° |
-60° |
824.4 |
|
|
|
|
|
|
|
Subtotal |
9,435.3 |
|
Surface Drilling Santa Barbara Resource Definition
Northeast Extension |
|
DHK-26 |
S |
205703 |
7656455 |
4177 |
225° |
-65° |
929.4 |
|
DHK-27 |
S |
205528 |
7656226 |
4154 |
270° |
-45° |
860.0 |
|
DHK-28 |
S |
205599 |
7656477 |
4152 |
225° |
-65° |
968.0 |
|
DHK-29 |
S |
205487 |
7656488 |
4158 |
225° |
-70° |
827.6 |
|
DHK-30 |
S |
205495 |
7656653 |
4110 |
225° |
-65° |
815.4 |
|
|
|
|
|
|
|
Subtotal |
4,400.4 |
|
|
TOTAL |
13,835.7 |
S = Surface UG=Underground; collar coordinates
in meters; azimuth and dip in degrees. Total drilling completed
since the start of the program on September 20, 2020 to the
completion of the Santa Barbara definition drill program on
November 27, 2022 is 84,495m in 122 drill
holes (32 underground drill holes and 90 surface drill
holes).
Qualified Person
Dr. Osvaldo Arce, P. Geo., General Manager of
Eloro’s Bolivian subsidiary, Minera Tupiza S.R.L., and a Qualified
Person in the context of NI 43-101, has reviewed and approved the
technical content of this news release. Dr. Bill Pearson, P.Geo.,
Executive Vice President Exploration Eloro, and who has more than
45 years of worldwide mining exploration experience, including
extensive work in South America, manages the overall technical
program, working closely with Dr. Osvaldo Arce, P.Geo. Dr. Quinton
Hennigh, P.Geo., Senior Technical Advisor to Eloro and Independent
Technical Advisor, Mr. Charley Murahwi P. Geo., FAusIMM of Micon
are regularly consulted on technical aspects of the project.
Eloro is utilizing both ALS and AHK for drill
core analysis, both of whom are major international accredited
laboratories. Drill samples sent to ALS are prepared in both
ALS Bolivia Ltda’s preparation facility in Oruro, Bolivia and
the preparation facility operated by AHK in Tupiza with pulps sent
to the main ALS Global laboratory in Lima for analysis. More
recently Eloro has had ALS send pulps to their laboratory at Galway
in Ireland. Eloro employs an industry standard QA/QC program with
standards, blanks and duplicates inserted into each batch of
samples analyzed with selected check samples sent to a separate
accredited laboratory.
Drill core samples sent to AHK Laboratories are
prepared in a preparation facility installed and managed by AHK in
Tupiza with pulps sent to the AHK laboratory in Lima, Peru. Au and
Sn analysis on these samples is done by ALS Bolivia Ltda in Lima.
Check samples between ALS and AHK are regularly done as a QA/QC
check. AHK is following the same analytical protocols used as with
ALS and with the same QA/QC protocols. Turnaround time continues to
improve, as laboratories return to more normal staffing levels.
About Iska Iska
Iska Iska silver-tin polymetallic project is a
road accessible, royalty-free property, wholly controlled by the
Title Holder, Empresa Minera Villegas S.R.L. and is located 48 km
north of Tupiza city, in the Sud Chichas Province of the Department
of Potosi in southern Bolivia. Eloro has an option to earn a 99%
interest in Iska Iska.
Iska Iska is a major silver-tin polymetallic
porphyry-epithermal complex associated with a Miocene possibly
collapsed/resurgent caldera, emplaced on Ordovician age rocks with
major breccia pipes, dacitic domes and hydrothermal breccias. The
caldera is 1.6km by 1.8km in dimension with a vertical extent of at
least 1km. Mineralization age is similar to Cerro Rico de Potosí
and other major deposits such as San Vicente, Chorolque, Tasna and
Tatasi located in the same geological trend.
Eloro began underground diamond drilling from
the Huayra Kasa underground workings at Iska Iska on September 13,
2020. On November 18, 2020, Eloro announced the discovery of a
significant breccia pipe with extensive silver polymetallic
mineralization just east of the Huayra Kasa underground workings
and a high-grade gold-bismuth zone in the underground workings. On
November 24, 2020, Eloro announced the discovery of the SBBP
approximately 150m southwest of the Huayra Kasa underground
workings.
Subsequently, on January 26, 2021, Eloro
announced significant results from the first drilling at the SBBP
including the discovery hole DHK-15 which returned 129.60 g Ag eq/t
over 257.5m (29.53g Ag/t, 0.078g Au/t, 1.45%Zn, 0.59%Pb, 0.080%Cu,
0.056%Sn, 0.0022%In and 0.0064% Bi from 0.0m to 257.5m). Subsequent
drilling has confirmed significant values of Ag-Sn polymetallic
mineralization in the SBBP and the adjacent CBP. A substantive
mineralized envelope which is open along strike and down-dip
extends around both major breccia pipes. Continuous channel
sampling of the Santa Barbara Adit located to the east of SBBP
returned 442 g Ag eq/t (164.96 g Ag/t, 0.46%Sn, 3.46% Pb and 0.14%
Cu) over 166m including 1,092 g Ag eq/t (446 g Ag/t, 9.03% Pb and
1.16% Sn) over 56.19m. The west end of the adit intersects the end
of the SBBP.
Since the initial discovery hole, Eloro has
released a number of significant drill results in the SBBP and the
surrounding mineralized envelope which along with geophysical data
has defined an extensive target zone. In its September 20, 2022
press release, the Company reported that new downhole geophysical
data has significantly extended the strike length of the high-grade
feeder zone at Santa Barbara a further 250m along strike to the
south-southeast from existing drilling. The 3D inverse magnetic
model which correlates very strongly with the conductive zone
suggests that the high-grade feeder zone may extend across the
entire caldera for as much as a further 1 km along strike for a
total potential strike length of at least 2 km. As reported, the
definition drill program has been modified to sectionally drill
this potential extension with the intention of defining a major
open pittable deposit in the valley of the caldera. As a result,
the estimated completion date for the maiden National Instrument
43-101 mineral resource has been pushed back to the end of Q1
2023.
On November 22, 2022, Eloro announced the
acquisition of the Mina Casiterita and Mina Hoyada properties
covering 14.75 km2 southwest and west of Iska Iska. These
properties connect with the TUP-3 and TUP-6 claims previously
staked by Eloro. Eloro has also staked additional land in the area.
Following the acquisition, the total land package in the Iska Iska
area to be controlled by Eloro will total 1,935 quadrants covering
483.75 km2.
Artisanal mining in the 1960’s identified high
grade tin (Sn) veins on the Mina Casiterita property that are
hosted in an intrusive dacite. Production from 1962 to 1964 is
reported by the Departamento Nacional de Geología in Bolivia to be
69.85 tonnes grading 50.60% Sn.
Recently completed magnetic surveys by Eloro has
outlined an extensive, near surface, magnetic intrusive body on the
Mina Casiterita property immediately southwest of Iska Iska. This
intrusive hosts the previously mined high-grade tin veins and is
very likely the continuation of the porphyry tin intrusion
projected to be below the epithermal Ag-Sn-Zn-Pb mineralization at
Iska Iska.
The Porco adit from which previously reported
channel sampling returned 103m grading 521 g Ag eq/t (including g
117g Ag/t, 1.44 g Au/t, 0.54% Cu and 0.66% Sn) in altered basement
sediments, is located near the northeast part of the magnetic
anomaly, attesting to the potential strength and high-grade nature
of the mineralized system in the area.
Drilling is planned on Mina Casiterita in Q1
2023 with geological mapping, sampling and geophysical surveys now
in progress on the full land package across the Iska Iska
region.
About Eloro Resources Ltd.
Eloro is an exploration and mine development
company with a portfolio of gold and base-metal properties in
Bolivia, Peru and Quebec. Eloro has an option to acquire a 99%
interest in the highly prospective Iska Iska Property, which can be
classified as a polymetallic epithermal-porphyry complex, a
significant mineral deposit type in the Potosi Department, in
southern Bolivia. A recent NI 43-101 Technical Report on Iska Iska,
which was completed by Micon International Limited, is available on
Eloro’s website and under its filings on SEDAR. Iska Iska is a
road-accessible, royalty-free property. Eloro also owns an 82%
interest in the La Victoria Gold/Silver Project, located in the
North-Central Mineral Belt of Peru some 50 km south of Barrick’s
Lagunas Norte Gold Mine and Pan American Silver’s La Arena Gold
Mine.
For further information please contact
either Thomas G. Larsen, Chairman and CEO or Jorge Estepa,
Vice-President at (416) 868-9168.
Information in this news release may contain
forward-looking information. Statements containing forward-looking
information express, as at the date of this news release, the
Company’s plans, estimates, forecasts, projections, expectations,
or beliefs as to future events or results and are believed to be
reasonable based on information currently available to the Company.
There can be no assurance that forward-looking statements will
prove to be accurate. Actual results and future events could differ
materially from those anticipated in such statements. Readers
should not place undue reliance on forward-looking information.
Neither the TSXV nor its Regulation Services
Provider (as that term is defined in the policies of the TSXV)
accepts responsibility for the adequacy or accuracy of this
release.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/9af7dc7b-aaa9-44ff-9a2f-5cc4b50068c6
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