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Last C$0.15 CAD
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As of 2:29 PM 04/16/15 All times are local (Market data is delayed by at least 15 minutes).

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eloro resources ltd (ELO) Details

Eloro Resources Ltd. explores and develops gold and base metal properties in Canada. It also explores for copper and zinc deposits. The company owns a 50% interest in the Simkar Gold Project, which consists of 225.63 hectares and is located in Val d’Or, Quebec; and a 50% interest in the Louvicourt project that comprises 11 claims and is located in Louvicourt Township, Quebec. It also has interests in the Summit-Gabbre property that covers an area of 5,109 hectares and is located in the La Grande Greenstone Belt, north-western Quebec. The company is headquartered in Toronto, Canada.

eloro resources ltd (ELO) Top Compensated Officers

Chief Executive Officer, President and Chairm...
Total Annual Compensation: C$60.0K
Chief Financial Officer
Total Annual Compensation: C$48.0K
Compensation as of Fiscal Year 2014.

eloro resources ltd (ELO) Key Developments

Eloro Resources and Tartisan Resources Announce Sample Assay Results from the La Victoria Polymetallic Property, Ancash, Peru

Eloro Resources Ltd. and Tartisan Resources Corp. announced assay results from three grab samples collected from the Rufina and San Markito mineralized zones at the La Victoria polymetallic (Au, Ag, Cu, Pb, Zn) property (the Property), Huandoval District, Pallasca Province, Ancash Department, Peru. Samples were acquired from two locations within the Rufina and one location within the San Markito zones. All the samples were collected from informal minor stockpiles and contain both mineralized rock and altered wall-rock. Each Rufina sample was separated into a fine and coarse fraction (less than and greater than 8 mm) and assigned an individual sample number before shipping to the laboratory. The Rufina zone samples contain up to 4.1 grams per metric ton (g/t) gold (Au) and average (n=3) 3.3 g/t Au and (n=4) 14.4 g/t silver (Ag). The Level 2 samples display a significant Ag enrichment compared to the Level 4 ones which correlates well with the sulphur (S) content. The Level 2 Fine fraction is significantly enriched in Au compared the coarse fraction from the same level. The Rufina zone samples are also characterized by elevated arsenic (As) contents reaching up to 4.0554% As and averaging (n=4) 2.6373% As. Copper (Cu) concentrations reach up to 0.26352 % Cu and average (n=4) 0.15993% Cu. The San Markito zone sample contains 427 g/t Ag and less than 0.9 g/t Au. It is also characterized by anomalous copper (0.45101% Cu), lead (0.83308% Pb), zinc (0.1644% Zn), arsenic (0.12001% As) and antimony (0.40911% Sb) concentrations. Mr. Luc Pigeon separated each Rufina sample into a fine and coarse fraction (less than and greater than 8mm) and assigned individual sample numbers. The samples are representative of the mineralized rock from Rufina and San Markito zones. The samples were picked-up by the laboratory at Tartisan's Lima office. No QA/QC samples were added to the sample chain because of the limited sampling carried out. The samples were crushed, split and one kg was pulverized to 20 0 mesh particules. A 50 g sub-sample sample of every sample was fire-assayed with a gravimetric finish, with 41 trace elements analysed by ICP-ES/ICP-MS preceded by four-acid digestion. The pulp of sample M001539, with original assays of less than 0.9 g/t gold and 427 g/t silver, was duplicated by the laboratory for quality control purposes and returned a consistent assay of less than 0.9 g/t Au and 428 g/t Ag. Every sample were prepared in Peru and assayed by Bureau Veritas Commodities Canada Ltd. in Vancouver, Canada. Tartisan has engaged a consultant in Lima, Peru to oversee environmental permitting; as such documents are required prior to mechanized exploration work such as trenching, diamond-drilling and bulk sampling. Eloro and Tartisan are jointly planning a detailed exploration program for the La Victoria Property, for inclusion within the environmental permit application, delivery of which is expected within three months of submission. In the interim, Eloro and Tartisan will continue to carry out exploration work for which an environmental permit is not required, including detailed geological mapping and sampling at the Rufina and San Markito mineralized zones.

Eloro Resources Ltd., Special/Extraordinary Shareholders Meeting, Jan 22, 2015

Eloro Resources Ltd., Special/Extraordinary Shareholders Meeting, Jan 22, 2015., at 13:00 US Eastern Standard Time. Location: Suite 200, 20 Adelaide Street East. Agenda: To consider the proposal of shares-for-debt transactions; to approve the creation of a control person, which is proposed to result from the issuance of shares of the Corporation to Cartier Iron Corporation to settle outstanding debts owed by the Corporation to Cartier Iron Corporation; to approve the issuance of shares of the Corporation to certain related parties who are officers and directors of the Corporation to settle outstanding loans owed to the related parties by the Corporation; and to transact such further or other business as may properly come before the Meeting or any adjournment thereof.

Eloro Resources Ltd. Reports on Discovery of Polymetallic Boulders by Visible Gold Mines in Lac Henri Area

Eloro Resources Ltd. reported that Visible Gold Mines Inc. has announced the discovery of numerous metal-rich boulders immediately adjacent to Eloro's Lac Henri property in the Otish Mountains area of north central Quebec. High-grade gold-, silver-, copper-, and zinc-bearing boulders have been discovered near kilometre-markers KM105, KM107, KM147 and KM150 along provincial Route 167, which has been recently upgraded as part of Quebec's "Plan Nord" to develop infrastructure in the province's northern regions. The KM150 discovery area is immediately adjacent to Eloro's Lac Henri prospect, which comprises 7 contiguous claims along Route 167, from approximately KM150 to KM153. Route 167 was originally constructed as a haulage road between Chibougamau and the currently inactive Eastmain Gold Mine (kilometre marker KM175). This all-season road was recently upgraded and extended north to facilitate access to Stornoway Diamond Corporation's Renard Project - Quebec's first diamond mine. Road construction was completed in October of 2014, at a cost of approximately $350 million dollars. The upgrade to Route 167 and the recent discoveries by Visible Gold Mines Inc. have re-awakened interest in the area, which remains highly prospective for gold, base-metal and platinum group elements, as well as diamondiferous kimberlites.


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