Peter Marrone Appointed to the Position of Senior Corporate Advisor to Eloro Resources Ltd.
Peter Marrone Appointed to the Position of Senior Corporate Advisor to Eloro
Resources Ltd.
Toronto, Canada, June 6, 2022 – Eloro Resources Ltd. (TSX-V: ELO; OTCQX: ELRRF; FSE: P2QM)
(“Eloro” or the “Corporation”) is pleased to announce that Mr. Peter Marrone, a shareholder of Eloro, has
agreed to serve as an independent advisor to provide support and strategic advice to management on
matters of project advancement and business development in relation to its Iska Iska project.
Peter Marrone is Executive Chairman of Yamana Gold Inc., which he founded in 2003 and which recently
announced that it is to be acquired by Gold Fields Limited, a combination that creates a world-class,
globally diversified company with regional relevance across premier, rules-based mining jurisdictions that
is underpinned by low cost, long life mines. Mr. Marrone has a long track record of successful mining start-
ups and investments with more than 35 years of mining, business and capital markets experience. Mr.
Marrone also currently sits on the board of directors, and is one of the founders, of Aris Gold Corporation
which holds one of the best portfolios of producing and development stage assets in Colombia. Mr. Marrone
has also been the head of investment banking at a major Canadian investment bank and before that
practised law in Toronto with a strong focus on corporate law, securities law and international transactions.
“I am extremely pleased to welcome Mr. Peter Ma rrone as a Senior Corporate Advisor”, said Eloro
Chairman and C.E.O. Mr. Tom Larsen. “Peter brings valued knowledge and experience that will be helpful
to our management in relation to all aspects of Elor o’s operations, capital markets efforts and strategic
avenues for development and realization of significant value from our highly prospective Iska Iska tin-silver
polymetallic project in Bolivia. With his proven su ccess as the founder of companies and his outstanding
track record in developing and advancing exploration projects, and realizing value from strategic efforts, it
is clearly a benefit for Eloro and its shareholders and I very much look forward to working with him.”
Peter Marrone commented: “I am impressed with t he size and scale of Iska Iska which should be
developed in time as a world class tin-silver deposit with large scale production, all of which coincides with
a time when tin in particular is in high demand and silver is a necessary component for
decarbonization. The tin market is intriguing to me. It is poised for what appears to be a clear upward path
for demand and price. Eloro has built a very strong management team that is continuing to rapidly
advance Iska Iska with major milestones, includi ng the inaugural National Instrument 43-101 mineral
resource expected in Q3 2022. As a shareholder , I have become impressed with the project and
management. Informally, I have been consulted from time to time by management and I look forward to
continuing to provide strategic advice to m anagement and to CEO Tom Larsen and Executive VP
Exploration Dr. Bill Pearson, P.Geo., in particular. Interestingly, Bill has known me for many years and has
an impressive resume of quality geological discoverie s that now includes Iska Iska which is likely the
crowning glory of an illustrious career. Simply put, Iska Iska is a world-class project and I look forward to
helping management to increase value for Eloro shareholders.”
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 epi thermal-porphyry complex, a significant mineral
deposit type in the Potosi Department, in southern Bo livia. A NI 43-101 Technical Report on Iska Iska,
which was completed by Micon International Limited, is available on 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
20 Adelaide Street East, Suite 200, Toronto, Ontario CANADA M5C 2T6 Tel.: (416) 868-9168
TSX.V Symbol: ELO www.elororesources.com
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 concessions 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 Thomas G. Larsen, Chairman and CEO or Jorge
Estepa, Vice-President at (416) 868-9168.
Information in this news release may contain forward-lo oking 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 could differ materially from those anticipated in such statements. Readers should not
place undue reliance on forward-looking information.
Neither the TSXV nor its Regulation Servic es Provider (as that term is defined in the policies of the TSXV) accepts
responsibility for the adequacy or accuracy of this release.