- Bolivia’s Potosi region has long been one of the world’s most prolific silver deposits, with continuous mining operations taking place over the past 500 years
- Eloro Resources possesses a 99% option agreement on the Iska Iska deposit, a major polymetallic epithermal porphyry complex covering over 900 hectares of land
- Eloro Resources was recently highlighted by renowned mining analyst, Brent Cook during his appearance on the Wall Street Silver podcast
- Eloro’s Iska Iska project was characterized as a polymetallic mining project possessing great potential due to its size as well as the mining team’s technical nous
The discovery of Bolivia’s Potosi silver mine in 1545 was a matter of chance. Don Diego Gualpa, an Andean man recounted the tale to the Spanish viceroy taking charge of the region whilst on his deathbed; Gualpa detailed how, whilst hiking on the mountain in search of a religious monument rumoured to be in the area, he was bowled over by a powerful gust of wind. Upon rising, he noticed that the dirt on his hands was rich in ore. The discovery of the Potosi mine was not the first silver mine found in the Americas, however it was by far the most prolific. During its most active period, Potosi produced almost half of the silver in circulation globally and ultimately accounted for nearly 20 percent of all ‘the known silver produced in the world across 265 years’ (https://ibn.fm/TCAUK). Today’s the Cerro Rico de Potosi remains a world-class silver and tin reserve despite being mined nearly continuously since the sixteenth century and producing a reported 2.5 billion ounces of silver since work first began.
Seeking to channel some of the success enjoyed by its illustrious neighbour, Eloro Resources Ltd. (TSX.V: ELO) (OTCQX: ELRRF) (FSE: P2QM), an exploration and mine development company with a portfolio of gold and base-metal properties in Bolivia, Peru and Quebec has emerged as one of the most promising mining companies in the Americas, boasting access to one of the largest, undeveloped mining tracts within Bolivia’s Potosi region. Having signed a definitive option agreement on Iska Iska to acquire a 99% interest in the project, Eloro plans to undertake an exploration and development projected designed to verify the feasibility of extracting minerals from the territory.
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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