08:12 AM EST, 01/23/2025 (MT Newswires) -- Eloro Resources ( ELRRF ) reported Thursday further assays from its definition diamond drilling program in the potential Santa Barbara starter pit area within the Iska Iska silver-tin polymetallic project in Bolivia.

Results include 33 meters grading 1.39% tin within 87 meters grading 0.74% tin as the company opened up a "major tin zone" in the project.

"Our understanding of the immense mineralizing system at Iska Iska continues to advance leading to the very targeted definition drill program which is producing very good results and continuing to expand resource potential," said Osvaldo Arce, Eloro's executive vice president of Latin America and general manager of Eloro's Bolivian subsidiary Minera Tupiza S.R.L.

"Areas with significant tin mineralization occur where mineralizing fluids were deposited through intrusion breccias and injection tourmaline breccias in favorable lithologies and structures forming enriched bodies with significant resource potential," Arce added.

The company said it has completed 5,145.8 meters of diamond drilling in ten holes at the project.

"Our goal continues to be to upgrade and expand the mineral resource at Iska Iska to form the basis for the planned [preliminary economic assessment," said Bill Pearson, Eloro's executive vice president of exploration. "The more we drill, however, the more we expand this remarkable mineralized system which has yet to be completely defined in any dimension."

The company's share price gained 5.6% on Wednesday to $1.13 on the TSX.