MiningNewsBreaks – Eloro Resources Ltd. (TSX.V: ELO) (OTCQX: ELRRF) (FSE: P2QM) Eyes Potential Extension of Overall Deposit at Iska Iska, Adjoining Properties

Eloro Resources (TSX.V: ELO) (OTCQX: ELRRF) (FSE: P2QM), an exploration and mine development company, is focused on its key Bolivian property Iska Iska. “Iska Iska is located in the prolific Potosi region of Southern Bolivia, an area renowned for its world-class silver and tin deposits. It is located a mere 180 kilometers south of the Cerro Rico deposit, which is widely acknowledged as one of the world’s most prolific silver deposits, having produced over 2.5 billion silver ounces since the sixteenth century and still producing today… Eloro commenced the inaugural drill program at the Iska Iska site in September 2020 and, since then, has drilled over 120 holes and 85,000 meters within the property. These initial discoveries in late 2020 convinced the company of the site’s relative potential,” a recent article reads. “CEO Thomas Larsen further revealed [during an interview with Commodity TV] that Eloro Resources was acquiring the Mina Casiterita and Mina Hoyada properties that adjoin the existing Iska Iska deposit toward the property’s western and south-western boundaries. These two properties have the same mineral characteristics as that of Iska Iska, allowing a potential extension of the overall deposit but, just as importantly, easier access to the potential tin deposit below. Larsen explained that artisanal mining in the 1960s had revealed the Mina Casiterita property to contain significant amounts of tin.”

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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 99% 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 km south of Barrick’s Lagunas Norte Gold Mine and Pan American Silver’s La Arena Gold Mine. La Victoria consists of eight mining concessions and eight mining claims encompassing approximately 89 square kilometers. La Victoria has good infrastructure with access to road, water and electricity and is located at an altitude that ranges from 3,150m to 4,400m above sea level. 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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