Eloro Resources (TSX: ELO) (OTCQX: ELRRF) (FSE: P2QM), an exploration and mine development company with a portfolio of gold and base-metal properties in Bolivia, Peru and Quebec, recently commenced trading on the Toronto Stock Exchange (“TSX”). “The upgrade [from the TSX Venture Exchange] in its stock listing marks the latest feat for Eloro Resources, with the company having announced earlier in January that it had concluded its fully underwritten primary share placement, raising total gross proceeds of C$10,919,570. At the time, the company revealed that the net proceeds derived from the offering would be destined toward exploration and development purposes at the company’s ongoing mining project in Bolivia as well as for general working capital purposes. Since commencing its inaugural drill program at the Iska Iska site in September 2020, Eloro Resources has completed a cumulative 84,495 meters of drilling across 122 holes at Iska Iska, with the company anticipating the publication of the initial estimates by the end of March 2023,” a recent article reads. “Following the company’s uplisting to the Toronto Stock Exchange main board, successful capital exercise, and benefiting from exponential demand growth for both silver and tin as a result of the ongoing global transition toward renewable energy sources, Eloro Resources looks well placed to capitalize on any forthcoming resources discoveries in the coming months.”
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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. Through its Bolivian subsidiary, Eloro has an option to acquire a 100% 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.
NOTE TO INVESTORS: The latest news and updates relating to ELRRF are available in the company’s newsroom at https://ibn.fm/ELRRF
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