Eloro Resources Ltd. Outlines Two Major New Target Areas at the La Victoria Gold/Silver Property, Ancash, Peru
Eloro Resources Ltd. Outlines Two Major New Target Areas at the
La Victoria Gold/Silver Property, Ancash, Peru
Toronto, Canada, April 25, 2017 – Eloro Resources Ltd. (TSX-V: ELO; FSE: P2Q; “Eloro”) is pleased
to announce further results from its on-going geological mapping and sampling program at its La Victoria
Gold/Silver Property (the “Property”) in Huandoval District, Pallasca Province, Ancash Department, Peru.
As shown in Figure 1, this work has outlined two major new target areas in the north -central part of the
Property known as Ccori Orcco. Target 1 is located approximately 1.5km east of San Markito while
Target 2 is approximately 500m south of Target 1 and 1.5km east of Rufina (Figure 1). Figure 2 is a
composite cross section for the San Markito-Ccori Orcco-Rufina areas showing the potential extent of the
epithermal systems.
Both target areas in Ccori Orcco are at least 200m wide and extend for approximately 1 km along strike
parallel to major NW -SE and NE -SW structures in the area. Mineralization is associated with
hydrothermal ( argillic and silicic ) and supergene alteration in hydrothermal breccias associated with
quartz feldspar porphyries (“QFP”). Preliminary sampling has been carried out in the area; results are
pending.
Reinterpretation of historical Induced Polarization (“IP”) data in the San Markito area show s a stro ng
chargeability anomaly that coincides with the Ag -Au showings in mineralized breccias (Figure 1). The
anomaly extends for at least 1250m North -South at depths from about 50 m to more than 200m, the
maximum depth reached with the array that was used for the survey. The anomaly extends as far south
as the last IP line. It is thus open to the South as well as to greater depth. The shape of th e anomaly
suggests elongation in a north or north -northwest direction, parallel to important structures that have
been mapped at San Markito.
Tom Larsen, President and CEO of Eloro commented: “We have now outlined five major target areas at
La Victoria. Two of these areas, Rufina and San Markito, are nearing final permit approval for diamond
drilling which is expected to commence in June. Extension of the IP surveys to cover the new target
areas in Ccori Orcco is planned to commence at the end of May as well as continuation of the successful
mapping and sampling program. Reconnaissance work including a detailed magnetic survey will also be
carried out on the new southern claim block.”
Dr. Bill Pearson, Chief Technical Advisor for Eloro, added: ”It is evident that there are multiple low to
intermediate sulphidation epithermal systems on the La Victoria project. These systems appear to be
controlled by major NW-SE trending faults with mineralization typically occurring at intersections of these
faults with NE-SW trending structures as well as along intrusive -sedimentary contacts. The identification
of QFP intrusives in the Ccori Orcco area is very positive as these intrusives are associated wi th major
gold deposits elsewhere in the belt.”
About Eloro Resources Ltd.
Eloro is an exploration and mine development company which holds a 100% undivided interest in the La
Victoria Gold/Silver Project, located in the prolific North -Central Mineral Belt of Peru. T he La Victoria
Gold/Silver Project covers 80.4 square kilometres and is within 50 km of several large, low -cost
producing gold mines, with three producers visible from the property. Infrastructure in the area is good
with access to road, water, and electri city and is located at an altitude that ranges from 3,100m to
4,200m above sea level. Eloro also holds a portfolio of gold and base -metal properties in northern and
western Quebec. For additional technical information on the La Victoria Project, the reader is referred to
20 Adelaide Street East, Suite 200, Toronto, Ontario CANADA M5C 2T6 Tel.: (416) 868 -9168 Fax: (416) 361 -1333
TSX.V Symbol: ELO www.elororesources.com
the NI 43 -101 Technical Report on the La Victoria Au -Ag Property, Ancash, Peru filed under the
Company’s profile on SEDAR (www.sedar.com).
For further information please contact Jorge Estepa, Vice-President of Eloro Resources Ltd. at
(416) 868-9168
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
forward-looking statements will prove to be accurate. Actual results and future events c ould differ
materially from those anticipated in such statements. Readers should not place undue reliance on
forward-looking information.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the
TSXV) accepts responsibility for the adequacy or accuracy of this release.
Jim Steel MBA , P.Geo., a Qualified Person in the context of NI 43 -101 has reviewed and approved the
technical content of this news release.
Figure 1 - Geological Plan Map of La Victoria Property showing Locations of Major Target Areas
Figure 2 - La Victoria Property Composite Cross Section showing Preliminary Geological Model
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