10:35 AM EST, 02/20/2025 (MT Newswires) -- Eloro Resources ( ELRRF ) , down 3.8% on last look, earlier on Thursday said it intersected "significant" tin mineralization at the Iska Iska property in Bolivia.

The company in a statement it highlighted 49.5m grading 0.55% Sn within 91.5m grading 0.34% Sn in its definition drilling program.

Among highlights, it said hole DSB-74, located 100m southeast of discovery hole DSB-72 , contains a second long deeper intersection of 103.5m grading 0.31% Sn including 28.5m grading 0.44% Sn. It noted high grade tin mineralization in Holes DSB-74 and discovery hole DSB-72 occurs as visible coarse-grained high temperature cassiterite which is likely to be amenable to gravity separation. Also, it noted, tin mineralization is hosted in an extensive intrusion breccia unit (TIB) that is approximately 750m long by 450m wide and extends to a depth of at least 700m. Previous wide space reconnaissance drilling has intersected a number of significant Sn intersections in this breccia unit which is very under-drilled.

Eloro said the intrusive breccia is very likely an offshoot or apophysis from a large tin porphyry at depth. It noted the likely top of this tin porphyry is marked by a highly conductive zone that is interpreted as a pyrite-pyrrhotite halo around this porphyry. Similar pyritic halos have been reported from other major tin deposits in the Bolivian Tin Belt.

"With this discovery and expansion of a presumed shallow level apophysis of a tin porphyry at depth, Eloro is in a unique position of having two discernable different deposit styles juxtaposed against one another; a very large silver-zinc-lead dominant system next to a high-grade tin system. While these two systems are likely genetically related, this means that the Company may potentially have two world class deposits on the same property."

The company's shares were last seen down $0.02, to $1.03, on the Toronto Stock Exchange.

Price: 1.01, Change: -0.04, Percent Change: -3.81