- Eloro Resources has recently filed its NI43-101 technical report, designed to complement the release of its initial mining resource estimate (“MRE”) published in August 2023
- Designed to calculate the project’s net smelter value and the respective economic costs of production, an NI 43-101 technical report is a key resource when calculating the economic viability of developing a mining site
- Iska Iska was recently referred to as a ‘giant’ mining system by famed Bolivian geologist, Dr. Osvaldo Arce given the site’s substantial inferred resource deposits
- Relatively high NSR values – and moderate operational costs – have boosted optimism around the deposit’s economic potential
In early October 2019, Eloro Resources (TSX: ELO) (OTCQX: ELRRF) (FSE: P2QM), an exploration and mining company announced that it had signed a Letter of Intent, granting the company the option to acquire up to a 100% interest in the Iska Iska Polymetallic Property, a mineral concession nestled in the midst of Bolivia’s famed Potosi region and home to history’s most prolific silver deposit. Four years later and following an extensive programme of drill work amounting to over 96,000 metres of diamond drilling across 139 individual holes, Eloro Resources has filed its NI 43-101 technical report, in support of the company’s initial mineral resource estimate, published on August 19, 2023 (https://ibn.fm/ZXBkW). Prepared in conjunction with independent mining consultant, Micon International Limit, the NI-43-101 technical report seeks to provide an overview on the overall economic viability related to the potential exploitation and development of the Iska Iska deposit.
With Eloro Resources having uncovered the presence of silver, tin and zinc within the expanses of its 900 hectare site, the company has opted to employ the net smelter return (“NSR”) method to encompass the estimated dollar value which each metal contributes towards the total value of each tonne – a valuation…
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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