Scandium Canada Ltd. press release
Eloro Resources Reports the Longest and Highest-Grade Tin Intersection Obtained thus far in Drilling at its Iska Iska Project, Potosí Department, Bolivia with 213.00 Metres Grading 0.51% Tin (Sn)
TSXV - TSX Venture Exchange · Scandium · Rare Earth Elements · Gold · Canada
Highlights :
DSB-87, an infill hole drilled 150m southeast of discovery hole DSB-72, intersected 213.00m grading 0.51% Sn and 25.46 g/t Ag within a broader interval of 241.50m grading 0.47% Sn and 23.17 g/t Ag , beginning at 26.10m, including 1.18% Sn over 34.50m , beginning at 62.10m. This is the longest and highest-grade tin intersection obtained thus far in drilling at Iska Iska. Hole DSB-87 also includes higher-grade sections of: 238.40 g/t Ag and 1.55% Sn over 4.50m , beginning at 150.60m, and 0.64% Zn over 54.00m , beginning at 267.60m.
DSB-80, a step-out hole collared 75m southwest of hole DSB-76, intersected several higher-grade silver, tin, gold and zinc intervals: 53.10g/t Ag over 15.00m , beginning at 340.50m 30 g/t Ag over 9.00m , beginning at 445.50m, 34.50 g/t Ag over 10.50m , beginning at 460.50m, 0.30% Sn and 3.01 g/t Au over 0.75m beginning at 516.00m, 1.44% Zn over 6.00m beginning at 231.00m and 41.13 g/t Ag and 2.36% Zn over 6.00m beginning at 250.50m.
Hole DSB-84 , a step-out hole 50m southwest of hole DSB-35, intersected higher-grade tin and silver intervals, including: 31.62 g/t Ag over 16.50m , beginning at 109.00m, including 108.80 g/t Ag over 3.00m , beginning at 109.00m 34.85 g/t Ag over 3.00m , beginning at 122.50m 67.70 g/t Ag and 0.21% Sn over 4.50m beginning at 214.00m.
DSB-85 , a step-out hole drilled 125m southwest of hole DSB-79 intersected a number of higher-grade tin and silver intervals: 38.26 g/t Ag over 22.50m , beginning at 58.50m, including 65.60 g/t Ag over 10.50m , beginning at 58.50m 68.36 g/t Ag over 10.50m , beginning at 136.50m 198.08 g/t Ag over 9.00m , beginning at 166.50m 92.40 g/t Ag and 0.22% Sn over 6.00m , beginning at 186.00m 0.79% Sn over 3.00m , beginning at 196.50m 80.32 g/t Ag and 0.29% Sn over 7.50m , beginning 307.50m 0.38% Sn over 4.50m , beginning at 379.50m 0.20% Sn over 30m , beginning at 399.00m, including 1.45% Sn over 1.50m , beginning at 399.00m and 0.36% Sn over 4.50m , beginning at 417.00m.
DSB-86, a step-out hole drilled 50m northeast of hole DSB-47, intersected a very long zinc and lead interval grading 0.81% Zn and 0.80% Pb over 241.50m , beginning at 102.70m, including a higher section grading 1.56% Zn and 0.98% Pb over 100.50m , beginning at 242.20m. It also included 52.80 g/t Ag and 1.30% Pb over 7.50m , beginning at 192.70m. Further downhole it intersected 0.85% Zn over 105.00m , beginning at 344.20m and 81.00 g/t Ag over 6.00m , beginning at 497.95m.
_Note: __True width is approximately 80% of core length. _
Results from the new definition drill program have further expanded the footprint of a large multi-phase hydrothermal system in the potential starter pit at Iska Iska with dimensions having increased to approximately 800m by 500m by 500m deep. The current results have increased dimensions by 100m by 100m along and across strike, compared with those previously reported.
TORONTO, Sept. 16, 2025 (GLOBE NEWSWIRE) -- Eloro Resources Ltd. (TSX: ELO; OTCQX: ELRRF; FSE: P2QM) (“Eloro”, or the “Company”) is pleased to announce further assay results from five (5) drillholes (DSB-80, DSB-84, DSB-85, DSB-86 and DSB-87) of the second phase definition diamond drilling program. Four of these holes are located in the Polymetallic Domain (DSB-80, DSB-84, DSB-85 and DSB-86) and one is in the Tin Domain (DSB-87), in the potential Santa Barbara starter pit area. These results have further expanded the footprint of a large multi-phase hydrothermal system in the potential starter pit with dimensions having now increased to approximately 800m by 500m by 500m deep (see Figure 1). The current results have increased dimensions by 100m by 100m along and across strike, compared with those previously reported (see Eloro’s Press Release dated August 6, 2025). To date, a total of 6,242m of diamond drilling in twelve (12) holes has been completed in the current definition drilling phase. A total of 2,346m was completed in the five (5) holes reported, with assays pending for the remaining two holes totalling 1,025m.
Figure 1 shows the location of drill holes reported, Table 1 lists significant assay results and Table 2 lists drill hole coordinates.
Tom Larsen, Eloro’s CEO commented: “We are pleased with the steady progress of our drilling operations at Iska Iska, a crucial step toward advancing the project. The scale and potential of this system continue to impress us with long higher-grade intercepts, including 213.00m grading 0.51% tin and 25.46 g/t silver in both the Tin-Silver and Polymetallic Domains. These results underscore the importance of this phase of drilling in unlocking additional value for our shareholders. Notably, the Santa Barbara Zone remains open laterally and downdip, presenting significant opportunities for further infill and step-out drilling to expand and upgrade the mineral resources for the planned PEA.”
Dr. Osvaldo Arce, P.Geo., Executive Vice President Operations, Latin America for Eloro added: "The dynamic nature of hydrothermal events seen in the drill core at Iska Iska is very encouraging, particularly the vein-breccia and intrusion-breccia which are typical of high-grade porphyry-tin and polymetallic deposits of the Bolivian Tin Belt district. The hydrothermal system shows strong scale and complexity, and interpretation of drill core is vectoring us towards a system with potentially significant tin-polymetallic endowment. The current closer-spaced definition drill program has both upgraded and expanded the mineralization with significant higher-grade tin, silver and polymetallic zones which are still open laterally and at depth in the potential starter pit area at Santa Barbara zone. In addition, holes DSB-80, DSB-84 and DSB-85 intersected mineralization in areas that were previously modeled as waste within the resource model, due to lack of drilling. The mineralization encountered in DSB-86 (polymetallic) and DSB-87 (tin predominant) is very encouraging. Hole DSB-86 targeted the enriched epithermal mineralization in the eastern part of the system, and hole DSB-87 targeted a prominent intrusion breccia vein-breccia zone within the southwestern >0.30% tin zone. We are optimistic that additional drilling will further delineate the mineralized zone and potentially confirm larger extensions both laterally and at depth of both the tin and polymetallic system at Iska Iska."
Definition Drill Program, Santa Barbara Potential Starter Pit Area
Drillholes DSB-80, DSB-86 and DSB-87 were drilled in the southeastern margin of the Potential Starter Pit Area, and holes DSB-84 and DSB-85 were drilled in the southwestern margin of the Pit area.
DSB-80 , a step-out hole collared 75m southwest of hole DSB-76, intersected several higher-grade silver, tin, gold and zinc intervals:
53.10g/t Ag over 15.00m beginning at 340.50m, 58.00 g/t Ag over 1.50m beginning at 430.50m, 30 g/t Ag over 9.00m beginning at 445.50m, 34.50 g/t Ag over 10.50m beginning at 460.50m, 38 g/t Ag over 1.50m beginning at 480.00m, 3.01 g/t Au and 0.30% Sn over 0.75m beginning at 516.00m, and 30.75 g/t Ag and 0.88% Zn over 3.00m beginning at 532.50m.
This hole also intersected: 0.39% Sn and 28 g/t Ag over 0.75m beginning at 91.50m, 30.50 g/t Ag over 3.00m beginning at 210.00m, 1.44% Zn over 6.00m beginning at 231.00m and 41.13 g/t Ag and 2.36% Zn over 6.00m beginning at 250.50m.
DSB-84 , a step-out hole 50m southwest of hole DSB-35, intersected a number of higher-grade tin and silver zones including:
31.62 g/t Ag over 16.50m beginning at 109.00m including 108.80 g/t Ag over 3.00m beginning at 109.00m, 34.85 g/t Ag over 3.00m beginning at 122.50m, 0.49% Sn over 1.50m beginning at 50.50m and 76.30 g/t Ag and 0.44% Sn over 1.50m beginning at 86.50m.
Further downhole, DSB-84 intersected: 30.70 g/t Ag over 1.50m , beginning at 160.75m, 67.70 g/t Ag and 0.21% Sn over 4.50m , beginning at 214.00m and 39.00 g/t Ag and 0.30% Sn over 1.50m , beginning at 227.50m.
DSB-85 , a step-out hole drilled 125m southwest of hole DSB-79 intersected a number of higher-grade tin and silver intervals:
38.26 g/t Ag over 22.50m beginning at 58.50m including 65.60 g/t Ag over 10.50m beginning at 58.50m, 32.51 g/t Ag and 0.14% Sn over 10.50m beginning at 39.00m, 29.73 g/t Ag and 0.22% Sn over 6.00m beginning at 91.50m, 68.36 g/t Ag over 10.50m beginning at 136.50m. 198.08 g/t Ag over 9.00m beginning at 166.50m. 92.40 g/t Ag and 0.22% Sn over 6.00m beginning at 186.00m. 0.79% Sn over 3.00m beginning at 196.50m. 20.97 g/t Ag and 0.25% Sn over 4.50m beginning at 240.00m. 80.32 g/t Ag and 0.29% Sn over 7.50m beginning 307.50m. 0.45% Sn over 1.50m beginning at 334.50m. 18.20 g/t Ag and 0.29% Sn over 3.00m beginning at 339.00m, 0.38% Sn over 4.50m beginning at 379.50m. 0.20% Sn over 30m beginning at 399.00m including 1.45% Sn over 1.50m beginning at 399.00m. 0.36% Sn over 4.50m beginning at 417.00m.
DSB-86 , a step-out hole drilled 50m northeast of hole DSB-47, intersected 0.81% Zn and 0.80% Pb over 241.50m , beginning at 102.70m, including a higher section grading 1.56% Zn and 0.98% Pb over 100.50m , beginning at 242.20m. It also included 52.80 g/t Ag and 1.30% Pb over 7.50m , beginning at 192.70m. Further downhole it intersected 0.85% Zn over 105.00m , beginning at 344.20m and 81.00 g/t Ag over 6.00m , beginning at 497.95m.
DSB-87, an infill hole drilled 150m southeast of discovery hole DSB-72, intersected a higher-grade tin zone grading 0.47% Sn and 23.17 g/t Ag over 241.50m , beginning at 26.10m, including a higher-grade section of 0.51% Sn and 25.46 g/t Ag over 213.00m , beginning at 26.10m, 1.18% Sn over 34.50m , beginning at 62.10m, 238.40 g/t Ag and 1.55% Sn over 4.50m , beginning at 150.60m. Further downhole, it intersected 0.64% Zn over 54.00m , beginning at 267.60m.
Figure 1: Location Map of Definition Diamond Drill Holes, Santa Barbara zone, Iska Iska. The yellow circles highlight the location of holes DSB-80, DSB-84, DSB-85, DSB-86 and DSB-87 referred to in this release.
Table 1: Definition Diamond Drill Results as of September 1, 2025, Santa Barbara, Iska, Iska.
| SANTA BARBARA DEFINITION DIAMOND DRILL RESULTS | | | | | | | | | | Hole No. | From (m) | To (m) | Length (m) | Ag | Zn | Pb | Sn | Ag eq. | | | | | | g/t | % | % | % | g/t | | DSB-80 | 34.50 | 36.00 | 1.50 | 25.00 | 0.00 | 0.02 | 0.02 | 26.23 | | | 91.50 | 92.25 | 0.75 | 28.00 | 0.04 | 0.60 | 0.39 | 114.33 | | | 102.00 | 112.50 | 10.50 | 3.71 | 0.55 | 0.34 | 0.05 | 39.17 | | | 138.00 | 139.50 | 1.50 | 24.00 | 0.70 | 0.07 | 0.08 | 61.07 | | | 145.50 | 154.50 | 9.00 | 21.17 | 0.02 | 0.06 | 0.09 | 37.88 | | | 169.50 | 174.00 | 4.50 | 16.00 | 0.03 | 0.15 | 0.11 | 39.19 | | | 210.00 | 213.00 | 3.00 | 30.50 | 0.72 | 0.14 | 0.05 | 63.64 | | | 231.00 | 237.00 | 6.00 | 11.75 | 1.44 | 0.08 | 0.05 | 70.62 | | | 240.00 | 241.50 | 1.50 | 4.00 | 1.26 | 0.05 | 0.00 | 47.40 | | | 250.50 | 256.50 | 6.00 | 41.13 | 2.36 | 0.47 | 0.02 | 130.67 | | | 340.50 | 355.50 | 15.00 | 53.10 | 0.17 | 0.14 | 0.02 | 60.28 | | | 373.50 | 382.50 | 9.00 | 21.67 | 0.06 | 0.03 | 0.02 | 26.34 | | | 390.00 | 394.50 | 4.50 | 22.33 | 0.03 | 0.01 | 0.02 | 25.31 | | | 402.00 | 403.50 | 1.50 | 20.00 | 0.02 | 0.10 | 0.02 | 23.56 | | | 409.50 | 411.00 | 1.50 | 22.00 | 0.45 | 0.14 | 0.02 | 40.96 | | | 417.00 | 424.50 | 7.50 | 23.40 | 0.30 | 0.08 | 0.02 | 37.00 | | | 430.50 | 432.00 | 1.50 | 58.00 | 0.20 | 0.06 | 0.03 | 64.40 | | | 441.00 | 442.50 | 1.50 | 20.00 | 0.15 | 0.03 | 0.01 | 24.37 | | | 445.50 | 454.50 | 9.00 | 30.00 | 0.06 | 0.03 | 0.06 | 40.79 | | | 460.50 | 471.00 | 10.50 | 34.50 | 0.05 | 0.06 | 0.15 | 61.93 | | | 475.50 | 476.25 | 0.75 | 16.00 | 0.05 | 0.03 | 0.07 | 30.65 | | | 480.00 | 481.50 | 1.50 | 38.00 | 0.15 | 0.07 | 0.13 | 64.62 | | | 489.00 | 490.50 | 1.50 | 4.00 | 0.04 | 0.02 | 0.12 | 29.27 | | | 516.00 | 516.75 | 0.75 | 21.00 | 0.27 | 0.10 | 0.30 | 87.81 | | | 532.50 | 535.50 | 3.00 | 30.75 | 0.88 | 0.21 | 0.18 | 96.73 | | | 546.00 | 551.30 | 5.30 | 1.57 | 0.07 | 0.02 | 0.11 | 25.19 | | DSB-84 | 50.50 | 52.00 | 1.50 | 16.40 | 0.00 | 0.00 | 0.49 | 110.55 | | | 67.00 | 73.00 | 6.00 | 25.75 | 0.00 | 0.01 | 0.04 | 30.27 | | | 86.50 | 88.00 | 1.50 | 76.30 | 0.00 | 0.11 | 0.44 | 154.95 | | | 109.00 | 125.50 | 16.50 | 31.62 | 0.00 | 0.01 | 0.02 | 31.65 | | Incl. | 109.00 | 112.00 | 3.00 | 108.80 | 0.00 | 0.03 | 0.03 | 101.70 | | Incl. | 122.50 | 125.50 | 3.00 | 34.85 | 0.00 | 0.00 | 0.02 | 34.52 | | | 160.75 | 162.25 | 1.50 | 30.70 | 0.00 | 0.02 | 0.09 | 45.43 | | | 214.00 | 218.50 | 4.50 | 67.70 | 0.00 | 0.01 | 0.21 | 99.98 | | | 224.50 | 226.00 | 1.50 | 15.00 | 0.00 | 0.00 | 0.14 | 40.41 | | | 227.50 | 229.00 | 1.50 | 39.00 | 0.00 | 0.00 | 0.30 | 92.75 | | | 232.00 | 238.00 | 6.00 | 18.70 | 0.00 | 0.01 | 0.08 | 31.36 | | | 260.50 | 265.00 | 4.50 | 14.90 | 0.00 | 0.06 | 0.11 | 36.53 |
| Hole No. | From (m) | To (m) | Length (m) | Ag | Zn | Pb | Sn | Ag eq. | | | | | | g/t | % | % | % | g/t | | DSB-85 | 39.00 | 49.50 | 10.50 | 32.51 | 0.00 | 0.00 | 0.14 | 56.38 | | | 58.50 | 81.00 | 22.50 | 38.26 | 0.00 | 0.02 | 0.06 | 45.01 | | Incl. | 58.50 | 69.00 | 10.50 | 65.60 | 0.00 | 0.01 | 0.08 | 73.70 | | | 91.50 | 97.50 | 6.00 | 29.73 | 0.00 | 0.07 | 0.22 | 71.05 | | | 136.50 | 147.00 | 10.50 | 68.36 | 0.00 | 0.13 | 0.08 | 78.02 | | | 166.50 | 175.50 | 9.00 | 198.08 | 0.00 | 0.01 | 0.04 | 181.50 | | | 186.00 | 192.00 | 6.00 | 92.40 | 0.00 | 0.03 | 0.22 | 125.32 | | | 196.50 | 199.50 | 3.00 | 1.10 | 0.00 | 0.00 | 0.79 | 154.74 | | | 205.50 | 229.50 | 24.00 | 20.93 | 0.00 | 0.01 | 0.05 | 28.57 | | | 240.00 | 244.50 | 4.50 | 20.97 | 0.00 | 0.06 | 0.25 | 68.71 | | | 283.50 | 285.00 | 1.50 | 25.50 | 0.00 | 0.00 | 0.01 | 23.83 | | | 298.50 | 331.50 | 33.00 | 43.81 | 0.00 | 0.02 | 0.12 | 63.37 | | Incl. | 307.50 | 315.00 | 7.50 | 80.32 | 0.00 | 0.06 | 0.29 | 128.29 | | | 334.50 | 336.00 | 1.50 | 5.50 | 0.00 | 0.06 | 0.45 | 94.66 | | | 339.00 | 342.00 | 3.00 | 18.20 | 0.00 | 0.00 | 0.29 | 73.18 | | | 372.00 | 373.50 | 1.50 | 0.30 | 0.00 | 0.00 | 0.15 | 29.77 | | | 379.50 | 384.00 | 4.50 | 4.27 | 0.00 | 0.02 | 0.38 | 79.07 | | | 390.00 | 391.50 | 1.50 | 1.20 | 0.00 | 0.00 | 0.16 | 32.57 | | | 399.00 | 429.00 | 30.00 | 9.31 | 0.00 | 0.03 | 0.20 | 48.96 | | Incl. | 399.00 | 400.50 | 1.50 | 4.30 | 0.00 | 0.05 | 1.45 | 286.84 | | Incl. | 417.00 | 421.50 | 4.50 | 13.88 | 0.00 | 0.09 | 0.36 | 84.94 | | DSB-86 | 66.70 | 102.70 | 36.00 | 0.58 | 0.60 | 0.13 | 0.02 | 27.01 | | | 102.70 | 344.20 | 241.50 | 11.95 | 0.81 | 0.80 | 0.06 | 66.70 | | Incl. | 135.70 | 144.70 | 9.00 | 0.58 | 0.89 | 0.56 | 0.04 | 49.90 | | Incl. | 144.70 | 192.70 | 48.00 | 5.13 | 0.19 | 0.50 | 0.03 | 27.84 | | Incl. | 192.70 | 200.20 | 7.50 | 52.80 | 0.01 | 1.30 | 0.04 | 82.70 | | Incl. | 200.20 | 242.20 | 42.00 | 9.96 | 0.40 | 0.81 | 0.04 | 48.01 | | Incl. | 242.20 | 342.70 | 100.50 | 14.16 | 1.56 | 0.98 | 0.08 | 102.80 | | | 344.20 | 449.20 | 105.00 | 7.23 | 0.85 | 0.27 | 0.06 | 53.15 | | | 459.70 | 473.95 | 14.25 | 7.26 | 0.49 | 0.05 | 0.15 | 52.56 | | | 497.95 | 503.95 | 6.00 | 81.00 | 0.05 | 0.06 | 0.06 | 85.52 | | DSB-87 | 5.10 | 9.60 | 4.50 | 46.90 | 0.01 | 0.16 | 0.05 | 53.85 | | | 26.10 | 267.60 | 241.50 | 23.17 | 0.10 | 0.13 | 0.47 | 117.97 | | Incl. | 26.10 | 239.10 | 213.00 | 25.46 | 0.02 | 0.11 | 0.51 | 125.71 | | Incl. | 62.10 | 96.60 | 34.50 | 7.03 | 0.00 | 0.04 | 1.18 | 237.05 | | Incl. | 150.60 | 155.10 | 4.50 | 238.40 | 0.00 | 0.32 | 1.55 | 518.89 | | Incl. | 155.10 | 239.10 | 84.00 | 40.13 | 0.05 | 0.22 | 0.34 | 108.74 | | Incl. | 239.10 | 263.10 | 24.00 | 5.96 | 0.72 | 0.32 | 0.08 | 51.27 | | Incl. | 263.10 | 267.60 | 4.50 | 6.53 | 0.59 | 0.12 | 0.41 | 107.39 | | | 267.60 | 321.60 | 54.00 | 7.91 | 0.64 | 0.19 | 0.06 | 43.92 | | Incl. | 272.10 | 321.60 | 49.50 | 8.41 | 0.67 | 0.20 | 0.06 | 46.32 | | | 371.10 | 383.10 | 12.00 | 33.88 | 0.06 | 0.03 | 0.06 | 43.84 |
Note: True width is approximately 80% of core length. Silver equivalent (Ag eq) grades are calculated using 3-year average metal prices of Ag = US$24.14/oz, Zn = US$1.36/lb , Pb = 0.98/lb and Sn = US$13.74/lb, and preliminary metallurgical recoveries of Ag = 88%, Zn = 87%, Pb= 80% and Sn = 50%. In selecting intervals, a cutoff grade of 30 g Ag eq/t has been used. Lower grade material may be included in intersections where geological continuity is warranted.
Table 2: Summary of Diamond Drill Hole Coordinates for Drill Holes Completed at Iska Iska as of September 1, 2025
| Hole No. | Type | Collar Easting | Collar Northing | Elevation | Azimuth | Angle | Hole length (m) | | DSB-80 | P | 205173 | 7655978 | 4279 | 225° | -85° | 551.3 | | DSB-84 | P | 204955 | 7655973 | 4370 | 225° | -85° | 410.3 | | DSB-85 | P | 204989 | 7655939 | 4359 | 225° | -85° | 452.3 | | DSB-86 | P | 205413 | 7656137 | 4205 | 225° | -60° | 515.6 | | DSB-87 | P | 205213 | 7656049 | 4295 | 225° | -85° | 416.5 | | | | | | | | Subtotal | 2,346 |
Qualified Person (“QP”)
Dr. Osvaldo Arce, P.Geo. Executive Vice President, Latin America for Eloro and General Manager of Eloro’s Bolivian subsidiary, Minera Tupiza S.R.L, and a Qualified Person (“QP”) as defined by National Instrument (“NI”) 43-101 has reviewed and approved the technical content of this news release. Dr. Arce has supervised all field work carried out at Iska Iska.
Eloro utilized both ALS and AHK for drill core analyses, both of whom are major international accredited laboratories. Drill samples sent to ALS were prepared in both ALS Bolivia Ltda’s preparation facility in Oruro, Bolivia and the preparation facility operated by AHK in Tupiza with pulps sent to the main ALS Global laboratory in Lima for analysis. Eloro employs an industry standard QA/QC program with standards, blanks and duplicates inserted into each batch of samples analyzed with selected check samples sent to a separate accredited laboratory.
Drill core samples sent to AHK Laboratories were prepared in a preparation facility installed and managed by AHK in Tupiza with pulps sent to the AHK laboratory in Lima, Peru. Check samples between ALS and AHK are regularly done as a QA/QC check. AHK is following the same analytical protocols used as with ALS and with the same QA/QC protocols.
About Iska Iska
The Iska Iska silver-tin polymetallic project is a road accessible, royalty-free property, wholly controlled by the Title Holder, Empresa Minera Villegas S.R.L. and is located 48 km north of Tupiza city, in the Sud Chichas Province of the Department of Potosi in southern Bolivia. Eloro has an option to earn a 100% interest in Iska Iska.
Iska Iska is a major silver-tin polymetallic porphyry-epithermal complex associated with a Miocene possibly collapsed/resurgent caldera, emplaced on Ordovician age rocks with major breccia pipes, dacitic domes and hydrothermal breccias. The caldera is 1.6km by 1.8km in dimension with a vertical extent of at least 1km. Mineralization age is similar to Cerro Rico de Potosí and other major deposits such as San Vicente, Chorolque, Tasna and Tatasi, all located along the same overall geological trend.
Eloro began underground diamond drilling from the Huayra Kasa underground workings at Iska Iska on September 13, 2020. On November 18, 2020, Eloro announced the discovery of a significant breccia pipe with extensive silver polymetallic mineralization just east of the Huayra Kasa underground workings and a high-grade gold-bismuth zone in the underground workings. On November 24, 2020, Eloro announced the discovery of the Santa Barbara Breccia Pipe (SBBP) approximately 150m southwest of the Huayra Kasa underground workings.
Subsequently, on January 26, 2021, Eloro announced significant results from the first drilling at the SBBP including the discovery hole from 0.0m to 257.5m. Subsequent drilling has confirmed the presence of significant values of Ag-Sn polymetallic mineralization in the SBBP and the adjacent Central Breccia Pipe (CBP). A substantive mineralized envelope which is open along strike and down-dip extends around both major breccia pipes. Continuous channel sampling along the walls of the Santa Barbara Adit located to the east of SBBP returned average grades of 164.96 g Ag/t, 0.46%Sn, 3.46% Pb and 0.14% Cu over 166m including 446 g Ag/t, 9.03% Pb and 1.16% Sn over 56.19m. The west end of the adit intersects the end of the SBBP.