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Eloro Resources Ltd. Retains Micon International to Complete NI 43-101 Technical Report on the Iska Iska Polymetallic Property, Potosi Department, Southern Bolivia
TORONTO, Jan. 27, 2020 (GLOBE NEWSWIRE) -- Eloro Resources Ltd. (TSX-V: ELO; FSE: P2Q) (“Eloro”, or the “Company”) is pleased to announce that it has retained M
About this update from Eloro Resources Ltd.
[{"type":"text","content":" TORONTO, Jan. 27, 2020 (GLOBE NEWSWIRE) -- Eloro Resources Ltd. (TSX-V: ELO; FSE: P2Q) (“Eloro”, or the “Company”) is pleased to announce that it has retained Micon International Limited (“Micon”) to complete a National Instrument (“NI”) 43-101 Technical Report on the Iska Iska polymetallic epithermal project (the “Property”), in the Potosí Department, southern Bolivia, which is under option by Minera Tupiza S.R.L., Eloro’s wholly-owned Bolivian subsidiary. Eloro recently announced the signing of the Definitive Option Agreement on the Property (see Eloro’s press release dated January 8, 2020). “We are very pleased to have the well known firm Micon proceed with the preparation of the NI 43-101 Technical Report on Iska Iska,” stated Tom Larsen, Eloro’s President and CEO. “Mr. Charley Murahwi, P.Geo., Pr. Sci. Nat., FAusIMM, Senior Economic Geologist of Micon, will be travelling to the Property this week to carry out a site visit. Mr. Murahwi has over 35 years of experience in the mining industry, covering mineral exploration, mine development and mining operations. With Micon in Toronto, he is involved in mineral resource estimation and auditing, and in the assessment/evaluation of mineral properties. Since joining Micon in 2008, Charley has undertaken assignments for clients in Canada, USA, Spain, Portugal, Panama, Mexico, West Africa and Australia. Dr. Osvaldo Arce, P.Geo., Eloro’s Chief Geologist and Manager in Bolivia will coordinate the site visit.” About Iska IskaIska Iska pollymetallic 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. The property can be classified as a polymetallic (Ag, Zn, Pb, Au, Cu, Bi, Sn, In) epithermal-porphyry complex. This is an important mineral deposit type in Bolivia. Geological mapping on the property by Eloro has revealed the spatial and temporal zonation of alteration and vein minerals in an area of about 5 square kilometres. The polymetallic mineralization occurs mainly as veins, subsidiary vein swarms, veinlets, stockworks, and disseminations, forming a subvertical vein system in both the stock and the volcanic and sedimentary rocks. Preliminary evaluation work including 42 channel samples in underground and on surface ...