Eloro Resources Ltd. announced that it has completed a metallurgical drill program and commenced a definition drill program on the Iska Iska silver-tin polymetallic project in the Potosi Department of southwestern Bolivia. Three metallurgical drill holes totalling 940m have been completed, two in the higher-grade Polymetallic (Ag-Zn-Pb) Domain Type and a third hole in the higher-grade Tin Polymetallic (Sn-Ag-Pb) Type. These metallurgical holes twinned previous holes drilled which contain representative values of the different domains as outlined in Table 1. Core size is PQ which has a diameter of 85mm (3.35 inches).

The drill core selected for testing from these holes which totals 10,001 tonnes from 657.9m of core has been shipped to Wardell Armstrong International (WAI) in Cornwall for crushing sizing and then the +9.5mm crushed product will be sent to TOMRA GmbH based in Wedel, Germany for cascade ?ore-sorting? tests. The -9.5mm+0.85mm will have heavy liquid analysis performed on two separate size fractions (-9.5mm+5mm and -5mm+0.85mm) to identify the amenability of the finer size fractions to Dense Media Separation ?DMS?.

The -0.85mm un-preconcentrated material and the pre-concentrated products will provide charges for further preliminary economic assessment (?PEA?) level metallurgical testwork at WAI. This work will build on previous metallurgical test work completed as summarized in the Company?s NI 43-101 Technical Report filed on Sedar+. These metallurgical drill holes will also provide a bulk test of mineralization grade relative to the grade of the twinned holes.

The definition diamond drill program consisting of 5,000m will focus on expanding the higher-grade Polymetallic Domain Type inferred mineral resource, which as previously reported contains an inferred mineral resource of 132 million tonnes at 1.11% Zn, 0.50% Pb and 24.3 g Ag/t at a NSR cutoff of USD 25/t. The net NSR value of this higher-grade resource is USD 34.40/t which is 3.75 times the estimated operating cost of USD 9.20/t. DEFINITION DRILL PROGRAM: The definition drill program has been designed to fill-in major gaps in the block model as well as expand the higher-grade zone both along and across strike. As noted by Micon, authors of the NI 43-101 Technical Report detailing the initial mineral resource estimate (?MRE?), the grade areas are also the best drilled. As drill density in the deposit is improved, it is expected that grade will increase due to better sample density.