posted in:

Eloro completes latest phase of drilling at flagship simkar gold project

Thursday, Nov 29, 2012

Eloro Resources Ltd. (TSX VENTURE:ELO)(FRANKFURT:P2Q) ("Eloro", or the "Company") is pleased to announce the completion of the latest phase of drilling on its Simkar Gold Project (the "Property" or the "Project"), which comprises two contiguous mining concessions (2.26 km2) and eleven mineral claims (1.77 km2) in the prolific Val-d'Or Gold Mining Camp, 20 km east of Val-d'Or.

Since optioning the Simkar Property in 2009, Eloro has completed 22,159 m of drilling on the Project and has identified two new mineralized zones below the historic workings and two near-surface zones in a diorite unit south of the historic workings.

The latest phase of drilling on the Project comprised ten (10) new holes totalling 3,244 metres (Table 1) and continued to test the projected extensions of mineralized zones defined by Eloro's previous drilling on the Property; specifically the "South-East Zone" (holes SK12-20 to SK12-25), and the "New Zone" (holes SK12-26 to SK12-29). All of the latest holes reached their intended targets.

Initial logging of the core has been completed, and the collection, preparation and assaying of core samples is on-going. To date, 149 samples have been submitted to ALS Chemex Laboratories in Val-d'Or, QC with analytical results pending. Initial examination of the South-East Zone drill core shows weak mineralization at shallow depths, hosted in the targeted diorite intrusion. Drill core from the New Zone shows disseminated to massive pyrite (+/- pyrrhotite) mineralization at the projected location of the zone.

Source: Marketwire

posted in:

Other Mining News

Ivanhoe Mines' drilling program extends depths of rich zinc and copper zones at the Kipushi Mine in D.R. Congo 16-04-2014
Vorkutaugol to commission 11 new coal faces across its mines in 2014 16-04-2014
Vanstar updates on Liam drilling 15-04-2014
Lakeland Resources Inc. acquires 5 new uranium properties in the Athabasca Basin 14-04-2014
Comstock Mining provides update 11-04-2014
Sierra Mining Limited announces registration of scheme booklet 11-04-2014
Silver Standard provides first quarter 2014 operational results 11-04-2014
Rye Patch updates net Smelter Return royalty on rochester mine 11-04-2014
CanAlaska Uranium Ltd. - strongly anomalous radon results received from MPVC NW Manitoba project 11-04-2014
Platts and commercial partner MVS expand iron ore value analytics platform 11-04-2014

Advertisers