Eloro Resources Sees Potential in Iska Iska Drilling Results

Eloro Resources Ltd. has reported promising results from its ongoing drilling at the Iska Iska Project in Bolivia. Sphene Capital GmbH has updated its recommendation to "Buy" and raised the target price to CAD 14.10, reflecting higher valuations driven by increased silver and lead prices.

The latest results include substantial drilling intercepts, indicating potential for significant resource expansion. The mineralisation extends further east with no boundaries yet identified. This suggests a robust resource base, supporting scenarios like open-pit or bulk underground mining.

Eloro's reference to a "starter pit" marks a shift toward a mineable unit, hinting at future economic viability studies. This development elevates the project's significance, as it transitions from mere exploration to potential resource evaluation.