on The Market Herald (CVE:ELO)
Eloro Resources Ltd Sees Encouraging Drilling Results
Eloro Resources Ltd, evaluated by Sphene Capital GmbH, retains a "Buy" rating with a target price of CAD 18.00. This is based on the promising outcomes from the Iska Iska project in Bolivia, specifically the Santa Barbara Breccia Pipe. Recent drilling results reveal substantial higher-grade silver and tin mineralization close to the surface.
The most noteworthy result, drillhole DSB-96, shows an intersection of 87.10 meters with 73.26 g/t silver and 0.18% tin, and a distinct 17.90-meter interval grading 190.50 g/t silver and 0.45% tin. These figures surpass the previously reported Indicated Mineral Resource grade, highlighting potential for selective higher-grade zone development, offering significant economic potential for the project.
R. H.
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