Eloro Resources (TSX.V: ELO) (OTCQX: ELRRF) (FSE: P2QM) has made a US$1.5 million option payment to Empresa Minera Villegas S.R.L., advancing its acquisition of the Iska Iska silver-tin polymetallic project in southern Bolivia. One final cash payment of US$1.15 million remains, due January 6, 2026. Under amended terms, Eloro’s US$10 million option agreement includes a US$1.8 million credit for exploration work on the nearby Mina Casiterita property. To secure full ownership of Mina Casiterita and Mina Hoyada, Eloro must pay US$1.8 million within 12 months of obtaining mining rights and, pending regulatory approvals, issue 200,000 common shares upon property transfer.
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About Eloro Resources Ltd.
Eloro is an exploration and mine-development company with a portfolio of gold and base-metal properties in Bolivia, Peru and Quebec. Eloro has an option to acquire a 100% interest in the highly prospective Iska Iska Property, which can be classified as a polymetallic epithermal-porphyry complex, a significant mineral deposit type in the Potosi Department in southern Bolivia. A recent NI 43-101 technical report on Iska Iska, which was completed by Micon International Limited, is available on Eloro’s website and under its filings on SEDAR. Iska Iska is a road-accessible, royalty-free property. Eloro also owns an 82% interest in the La Victoria Gold/Silver Project, located in the north-central mineral belt of Peru, some 50 kilometers south of the Lagunas Norte Gold Mine and the La Arena Gold Mine. For more information about the company, visit www.EloroResources.com .
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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