08:27 AM EDT, 04/30/2025 (MT Newswires) -- Eloro Resources ( ELRRF ) on Wednesday said it is readying a 4,300-meter drilling program at its Iska Iska silver-tin polymetallic project in Bolivia to further define a potential open-pit mine on the property.

The drilling will test the limits of a potential pit for the Santa Barbara deposit on the site which has high-grade tin mineralization below a zone of silver ore, the company said. The results from the drilling program will be included in a preliminary economic analysis (PEA) for the project Eloro expects to complete in the coming months.

"We are excited to commence our 2025 phase 1 drill campaign at Iska Iska. We are well-funded to undertake an aggressive drill program on and around Santa Barbara zone to further assess its true size potential with the objective of delivering an updated mineral resource to support the PEA in the coming months," Chief Executive Tom Larsen said in a release.

Eloro shares closed up $0.02 to $0.94 Tuesday on the Toronto Stock Exchange,