20262 releases
Eloro Resources Completes Option Payments on the Iska Iska Silver-Tin Polymetallic Project, Potosi Department, Bolivia
All option payments to Empresa Minera Villegas SRL have been completed, with a final payment of US$1,150,000 made January 29, 2026, giving Eloro's Bolivian subsidiary Minera Tupiza SRL a 99% joint venture interest, 100% economic participation and full operational control of the Iska Iska silver-tin polymetallic project in Potosí, Bolivia. Eloro also transferred US$1,800,000 into trust, payable to Minera Villegas within 12 months of it obtaining mining rights over the Mina Casiterita and Mina Hoyada areas. Minera Villegas retains 1%.
NewsEloro Resources’ Final Payment to Acquire the Iska Iska Silver-Tin Polymetallic Project, Potosi Department, Bolivia Deferred for One Month
The final payment required for Eloro to earn a 100% interest in the Iska Iska silver-tin polymetallic project in the Potosi Department, southern Bolivia has been deferred by one month to February 6, 2026, by mutual agreement with title holder Empresa Minera Villegas S.R.L., to allow completion of required closing documentation. Eloro states it is funded to complete the payment following a $14 million financing last September and recent warrant exercises.
Acquisition
20251 release
Eloro Resources Intersects Highest Silver Interval to Date at its Iska Iska project, Southern Bolivia with 72 metres grading 294.81 g/t Silver within a broader interval of 180 metres grading 164.74 g/t Silver in Hole DSB-93
Drill hole DSB-93 at the Santa Barbara zone of the Iska Iska project in Potosi Department, southern Bolivia returned 72.00 metres grading 294.81 g/t silver and 0.44% lead from 131.70m, within 180.00m grading 164.74 g/t Ag, 0.74% Pb, 0.72% Zn and 0.16% Sn from 112.20m, plus 28.50m at 0.84 g/t Au, 253.63 g/t Ag, 1.10% Pb and 0.57% Sn. DSB-90 returned 51.00m at 0.24% Sn and 13.50m at 106.32 g/t Ag. The second phase definition program is complete at 8,286.40 metres in 16 holes.
Drill results
20241 release
Eloro Resources Increases Non-Brokered Private Placement Offering to 4,200,000 units for Gross Proceeds of $3,780,000 and Schedules Closing for October 31, 2024
The non-brokered private placement has been increased from up to 3,900,000 units at $0.90 per unit for up to $3,510,000 to 4,200,000 units for gross proceeds of $3,780,000, and is fully subscribed, with closing of the second and final tranche scheduled for October 31, 2024. Each unit comprises one common share and one-half warrant exercisable at C$1.50 for two years from closing. Proceeds are earmarked for exploration and development at the Iska Iska project in Bolivia, general corporate purposes and working capital.
Financing