Dr. Quinton Hennigh Appointed as Technical and Senior Business Advisor for Eloro Resources Ltd.
Dr. Quinton Hennigh Appointed as Technical and Senior Business Advisor for
Eloro Resources Ltd.
Toronto, Canada, June 15, 2020 – Eloro Resources Lt d. (TSX-V: ELO; FSE: P2Q) (“Eloro ” or the
“Corporation ”) is pleased to announce that Dr. Quinton Hennigh has joined Eloro as Technical and Senior
Business Advisor.
Dr. Hennigh is an economic geologist with 25 years of exploration experience, and is a founder and current
Chairman and President of Novo Resources Corp., which is exploring and developing gold projects in the
Pilbara region of Western Australia, including its Beatons Creek, Karratha and Egina gold projects, th e
latter of which is under a joint venture with Japan’s Sumitomo Corporation.
Early in his career, Dr. Hennigh explored for major mining firms including Homestake Mining Company,
Newcrest Mining Ltd and Newmont Mining Corporation. He then joined the junior mining sector in 2007
and has been involved with a number of Canadian lis ted gold companies, including Gold Canyon
Resources Inc., where he led exploration at the Springpole alkaline gold project near Red Lake Ontario, a
5-million-ounce gold asset that was sold in 2015 to First Mining Gold Corp. Dr. Hennigh was also
instrumental in Kirkland Lake Gold’s acquisition of the Fosterville gold mine, which is located in Aus tralia
and was previously owned by Newmarket Gold Inc.
Dr. Hennigh obtained a Ph.D. in Geology/Geochemistry from the Colorado School of Mines in 1996.
“We are delighted to welcome Quinton”, said Eloro Chairman and C.E.O. Mr. Tom Larsen. “Quinton brings
valued knowledge and experience relevant to all asp ects of Eloro’s operations and the capital markets,
which will prove to be greatly beneficial as we wor k toward advancing our highly prospective Iska Iska
project in Bolivia. With his outstanding track record in developing and advancing exploration projects, it is
clearly a benefit for Eloro and its shareholders and I very much look forward to working with him.”
“Iska Iska represents a very large, undrilled silve r-polymetallic target in the prolific Eastern Cordi lleran
metallogenic province of southwestern Bolivia,” sai d Dr. Quinton Hennigh, Eloro’s new Technical and
Senior Business Advisor. “The project is situated approximately 180 km due south of Cerro Rico de Potosí,
the single largest silver deposit on the planet. Like virtually all of the very large silver-polymetallic deposits
of this region, Iska Iska is associated with a larg e, complex, shallowly emplaced magmatic center, in this
case superimposed by a collapsed caldera, or broad volcanic crater. The interplay of high-level metal-rich
magmas with shallow groundwater can result in very robust metal deposits, ones that display hybrid
aspects of deeper level base metal-rich systems such as porphyry deposits combined with shallow high-
grade precious metal epithermal style mineralization. Iska Iska displays such metallogenic characteristics
to a tee. With completion of the recent equity placement, Eloro has sufficient funding to undertake phase
one drilling beginning in a few weeks. I look forwa rd to working with Eloro’s team as we tackle this
remarkable exploration project.”
About Eloro Resources Ltd.
Eloro is an exploration and mine development company with a portfolio of gold and base-metal properties
in Bolivia, Peru and Quebec. Eloro has an option to acquire a 99% interest in the highly prospective Iska
Iska Property, which can be classified as a polymetallic epithermal-porphyry complex, a significant mineral
deposit type in the Potosi Department, in southern Bolivia. Eloro recently commissioned a NI 43-101
Technical Report on Iska Iska, which was completed by Micon International Limited and is available on
20 Adelaide Street East, Suite 200, Toronto, Ontari o CANADA M5C 2T6 Tel.: (416) 868-9168 Fax: (416) 3 61-1333
TSX.V Symbol: ELO www.elororesources.com
Eloro’s website and under its filings on SEDAR. Iska Iska is a road-accessible, royalty-free property. Eloro
also owns an 82% interest in the La Victoria Gold/Silver Project, located in the North-Central Mineral Belt
of Peru some 50 km south of Barrick's Lagunas Norte Gold Mine and Pan American Silver’s La Arena Gold
Mine. La Victoria consists of eight mining concessi ons and eight mining claims encompassing
approximately 89 square kilometres. La Victoria has good infrastructure with access to road, water and
electricity and is located at an altitude that ranges from 3,150 m to 4,400 m above sea level.
For further information please contact either Thoma s G. Larsen, President and CEO or Jorge
Estepa, Vice-President at (416) 868-9168.
Caution regarding Forward-Looking Information
Information in this news release may contain forward-looking information. Statements containing forward
looking information express, as at the date of this news release, the Corporation’s plans, estimates,
forecasts, projections, expectations, or beliefs as to future events or results and are believed to be
reasonable based on information currently available to the Corporation. There can be no assurance that
statements of forward-looking information will prove to be accurate. Actual results and future events could
differ materially from those anticipated in such st atements. Readers should not place undue reliance o n
forward-looking information.
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accepts responsibility for the adequacy or accuracy of this release.