Eloro Resources Ltd. announced the inaugural mineral resource estimate (MRE) for the Iska Iska silver-tin polymetallic project in the Potosi Department of southwestern Bolivia. Highlights: Total in situ metal estimated to be 298 million ounces Ag, 4.09 million tonnes Zn, 1.74 million tonnes Pb and 130,000 tonnes Sn totaling 1.15 billion ounces silver equivalent. Due to the multi-metal nature of the deposit, the resources are reported using Net Smelter Return (NSR) cut-off values which are as follows: Polymetallic (Zn-Pb-Ag) domain = USD 9.20/t for open pit (OP) and USD 34.00/t for underground (UG) mining; Tin (Sn-Ag-Pb) domain = USD 6.00/t for OP mining.

Costs have been significantly reduced due to the major impact of the positive "ore-sorting" tests. Potentially open pittable inferred mineral resource in Polymetallic Domain (Zn-Pb-Ag) of 541 million tonnes at 0.69% Zn, 0.28% Pb and 13.6 g Ag/t for an NSR value of USD 20.32/t at a cutoff of USD 9.20/t. Includes higher grade near surface inferred mineral resource of 132 million tonnes at 1.11% Zn, 0.50% Pb and 24.3 g Ag/t for an NSR value of USD 34.50 at an NSR cutoff of USD 25/t. Potentially open pittable inferred mineral resource in the Tin Domain of 110 million tonnes at 0.12% Sn, 0.14% Pb and 14.2 g Ag/t for an NSR value of USD 12.22/t at an NSR cutoff of USD 6.00 per tonne. Potential underground inferred mineral resource in the Polymetallic Domain of 19 million tonnes at 1.88% Zn, 0.36% Pb and 18.8 g Ag/t with an NSR value of USD 42.23 at a cutoff grade of USD 34.40.

Total inferred mineral resource, 97% of which is potentially open pittable, is 670 million tonnes at an NSR of $19.62. Potential open pit is 1.4km in diameter, extends to a maximum depth of 750m below the Santa Barbara hill and has a stripping ratio of 1:1. Resource estimate is based on 139 diamond drill holes totaling 96,386m. All holes intersected significant reportable mineralization and the deposit is open in all directions.