Expansion diamond drilling program underway at Eloro Resources' Iska Iska Project, as part of the Preliminary Economic Assessment (PEA) process following the successful completion of the Updated Mineral Resource Estimate (MRE) in late April 2026.
Key Program Objectives:
As previously announced in the Company's press releases dated February 20 and May 7, 2026, the primary objectives of the expansion drilling program are to:
Expand and upgrade the 85.17 million tonnes of Indicated Resources and 945.43 million tonnes of Inferred Resources in the Updated MRE.
Conduct targeted step-out drilling with 50m spacing within the higher-grade core area of the potential starter pit, aiming to further expand the Indicated Resource.
Test the potential down-dip and strike length of known higher-grade Silver-Tin (Ag-Sn)-polymetallic shoots, which remain open laterally and at depth.
Follow up on the successful 2024-2025 step-out drilling program that extended the mineralized envelope down-dip and along approximately 1.4 kilometres of strike length to both the east and west.
Complete a 40,000m diamond drilling program comprising approximately 75 holes, to be executed by Major Drilling Group International Inc. using three drill rigs. The program is expected to be completed during the first quarter of 2027.
Toronto, Ontario--(Newsfile Corp. - July 7, 2026) - Eloro Resources Ltd. (TSX: ELO) (OTCQX: ELRRF) (FSE: P2QM) ("Eloro" or the "Company") is pleased to announce the commencement of its expansion diamond drilling program focused on upgrading and expanding higher grade Silver-Tin (Ag-Sn)-Polymetallic mineralization at its Iska Iska Project in Southern Bolivia. Major Drilling Group International Inc. has mobilized and established two diamond drill rigs on site, with a third rig expected to be added within the next couple of months.
The drilling campaign comprises 40,000m of diamond drilling in approximately 75 holes and follows the Company's recent definition drilling program which intersected mineralization over a strike length of approximately 1.4 kilometres. The initial phase will consist of 35 holes totalling 18,250m, followed by a second phase of approximately 40 holes totalling 21,750m.
Tom Larsen, CEO of Eloro, commented: "We are pleased to commence this important expansion drilling program, which represents another significant milestone in advancing the Iska Iska Project. Following the successful resolution of the recent road blockades through agreements reached between the Bolivian government and labour unions, transportation routes have reopened, allowing the uninterrupted delivery of essential supplies, including diesel fuel, enabling us to proceed with our planned exploration activities."