ELO Eloro Resources Ltd

Eloro Resources Ltd. (TSX VENTURE:ELO)(FRANKFURT:P2Q) ("Eloro", or the
"Company") is pleased to announce it has signed a Definitive Option and Joint
Venture Agreement (the "Agreement") with Tartisan Resources Corp.
("Tartisan")(CSE:TTC), granting Eloro an option to acquire a 50% interest in La
Victoria property ("La Victoria" or the "Property"), consisting of 9 mineral
concessions totalling 43.6 km2, the details of which were previously announced
by Eloro on February 14, 2014. The Property is held by a Peruvian-based Tartisan
subsidiary and is located in Huandoval District, Pallasca Province, Ancash
Department, in the North-Central Mineral Belt of Peru.


The Agreement

Under the terms of the Agreement, Eloro can earn a 50% interest in the Property,
at the Company's option, by expending C$1.5 million in staged exploration and
work expenditures on the Property and making cash payments to Tartisan totalling
C$150,000, of which C$50,000 has been made - all over a 4-year period.


The Definitive Agreement is subject to any required approval from the TSX
Venture Exchange and the Canadian Securities Exchange. 


La Victoria Property, Peru

La Victoria is a royalty-free property, wholly-owned by Tartisan, consisting of
nine claims totalling 4,360 hectares in size and located in northern Ancash
Department, Peru. The property has good infrastructure with access to road,
water and electricity. It is located at an altitude that ranges 3,100 m to 4,200
m above sea level.


La Victoria is located within 50 km of several producing mines including: La
Arena owned by Rio Alto Mining Ltd., Lagunas Norte (Alto Chicama) owned by
Barrick Gold Corporation and Santa Rosa owned by Compania Minera Aurifera Santa
Rosa (COMARSA).


The Property has seen over US$800,000 spent to date by Tartisan in connection
with exploration and infrastructure development. This exploration work includes:
topographic, ground magnetic and Induced Polarization geophysical surveys; over
600 samples taken for Geochemistry; construction of access roads; and,
completion of a National Instrument 43-101-compliant Technical Report(1)
(available under Tartisan's filings on SEDAR at www.sedar.com). The property has
numerous historical adits and surface workings.


The NI 43-101 Technical Report concludes that La Victoria possesses excellent
potential for finding high-grade oxide and sulphide epithermal Au-Ag vein
systems and low-grade, large-tonnage, disseminated Cu-Au-Ag (porphyry-type)
mineralization.


About Eloro Resources Ltd.

Eloro Resources is an exploration and mine development company with a portfolio
of gold and base-metal properties in Peru and northern and western Quebec. The
Company recently entered into an agreement granting it an option to acquire a
50% interest in La Victoria property, located in the North-Central Mineral Belt
of Peru.


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 Company'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 Company. 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 Services Provider (as that term is defined
in the policies of the TSXV) accepts responsibility for the adequacy or accuracy
of this release.


(1) NI 43-101 Technical Report on the Victoria Ag, Au, Cu, Mo, Pb, Zn, W
Polymetallic Property, Ancash, Peru, by Luc Pigeon, B.Sc., M.Sc., P. Geo. (June
2, 2011)


FOR FURTHER INFORMATION PLEASE CONTACT: 
Eloro Resources Ltd.
Thomas G. Larsen
President and CEO
(416) 868-9168


Eloro Resources Ltd.
Jorge Estepa
Vice-President
(416) 868-9168

Eloro Resources (TSXV:ELO)
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부터 5월(5) 2024 으로 6월(6) 2024

Eloro Resources (TSXV:ELO)
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부터 6월(6) 2023 으로 6월(6) 2024