Eloro Resources – Recapping the recent drill results at the Iska Iska Property, yielding 129.65g/t AgEq over 300.75 meters

July 30, 2021

Quinton Hennigh, Technical Advisor at Eloro Resources (TSX.V:ELO – OTCQX:ELRRF) joins us to share some more information and answer some of your questions on the drill results released on July 28 from the Iska Iska Polymetallic Project, in Bolivia. We discuss the different metals that encompass the drill results and how each metal contributes to future economics. We also have Quinton provide some parallels to other deposits and operating mines that have this polymetallic mix of metals. We wrap up the interview with a look at the ongoing drill program that includes 3 rigs and where these drills are turning.

Please email us with any follow up questions. Our email addresses are and

Click here to read over the full news release highlighting this round of results.

    Jul 30, 2021 30:20 AM

    It was great getting this Eloro Resources update from Quinton, and having him field some of the recent questions from investors. In particular it was nice to get his thoughts on the polymetallic endowment of this deposit over large widths, why they report in Silver equivalent ounces for investors to have a frame of reference with so many metals involved, and also the importance of the Tin they are finding in their exploration work.

    It will be interesting to follow along with Eloro on future exploration as they continue to release assays from the 3 drill rigs that are turning on the property.

      Jul 30, 2021 30:23 AM

      Bob M. has another solid writeup on Eloro out as well worth reviewing:


      Eloro Delivers Universe Class Results

      Bob Moriarty – Jul 30, 2021

      “I wrote about Eloro about three weeks ago and pretty much covered the story. The Iska Iska project in Southern Bolivia will be a mine. It is far too big and far too rich not to be a mine under any commodity prices.”

      “The company released drill results on July 28th that probably would not qualify as just world class but it would be more accurate to call it universe class results with 300.75 meters of 129.65 g/t Ag eq.”

      “As I did in my last piece a few weeks ago on Eloro I’m going to cheat a little bit and convert the silver eq into grams of gold. The intercept had a value of about $106 USD per tonne and while 2 grams per tonne gold eq would be about $117, it’s close enough for government work to use 2 grams for ease of understanding.”

      “If you cube the 300.75 meters and use a s/g of 2.7 you get just over 54 million tonnes. Factor in the 2.0 grams and the POG right now of $1831 you have a hole showing about 3.5 million ounces of gold and a total value of $6.4 billion. Since 2 grams of gold is worth about 10% more than the 129.65 grams of silver, reduce that to about $5.8 billion for one hole. In every other case I have used this technique of cubing a hole I say that of course that is the very maximum value you could get out of one cube of that grade. In the case of Iska Iska, it’s entirely possible, indeed probable that they will have cubes of that size and that grade.”

      “Sorry folks but the market just doesn’t get it.”

        Jul 30, 2021 30:33 PM

        Eloro Resources Ltd. @EloroResources · 14h – Twitter

        “We are cashed up and have a LOT of drilling to do, likely ~40,000M this year.”

        “Dr. Quinton Hennigh gives an overview of the upcoming catalysts & plan of action for ongoing drilling at Eloro’s Iska Iska Project with @WallStreetSilv”

          Jul 30, 2021 30:50 PM

          Eloro Resources Ltd. @EloroResources – Twitter 7:24 AM · Jul 13, 2021·Hootsuite Inc.

          “This is probably one of the biggest, most significant tin discoveries in a generation.”

          “Quinton Hennigh updates @TaviCosta & @crescatkevin on the latest $ELO multiple hole yield of #silver – #tin polymetallic intercepts.”

    Jul 30, 2021 30:48 AM

    good interview thank you very much. Indeed for ELO, metallurgy will be key point to the market to understand andrealize what potential to give to it. I guess metallurgists will have some headacches to choose the different co_concentrates to produce but will be fun ! monster in the making.

      Jul 30, 2021 30:38 PM

      Thanks for that comment Andsowhat, and yes, agreed that figuring out the metallurgy will be a big piece of the equation, but the good news is that they have a BUNCH of metal all over the place, and Iska Iska looks to be a district scale sized mineral deposit, on par with other prolific Bolivian deposits. It will be interesting to follow along as they continue to explore and do more met test work.

    Jul 30, 2021 30:53 AM

    Congrats BOB M.on 20 years

    Now if we could only get consistent real time Au, Ag & USD KITCO quotes 90% of the time. Unfortunately, it’s probably closer to 40%

      Jul 30, 2021 30:00 AM

      I bet that’s why KER switched a long time ago to the charts that GoldSeek uses.
      By the way, this is GoldSeek’s 26th year. Peter Spina was 15 when he started it.

        Jul 30, 2021 30:03 AM

        Yes, and goldseeks Chris Waltzek is back after a one year + hiatus

      Jul 30, 2021 30:01 AM

      FSXLF – dipped a toe in @ $.78, 30% below where I last sold all of it.

        Jul 30, 2021 30:09 PM

        That is going to be a good entry in Fosterville South Marty.

    Jul 30, 2021 30:26 AM

    Thanks for the interview with QH as I followed him into ELO a year ago. Please ask Quinton to comment on the recent communist takeover of Peru by 44000 votes in a stolen election, and of course Biden did nothing to stop the steal. What does this mean for Condor CNRIF and KUYAF?

      Jul 30, 2021 30:11 AM

      Good question ….. on safe areas…..

      Jul 30, 2021 30:05 PM

      Looks like the congress will be led by the opposition. So maybe not much.

    Jul 30, 2021 30:15 AM

    Golduldate! But first to address Matthew

    Reply to this comment
    On July 28, 2021 at 8:00 am,
    Matthew says:
    It actually hit .495 yesterday where I got an order filled (my average price was under .51, similar to a week ago).
    Eight days ago, you guaranteed .29-.31 for IPT. That’s a level that implies a very bearish turn for the whole sector that currently looks extremely improbable. I definitely would not welcome such a “sale” as I have the mark down to the low .50s.
    Reply to this comment
    On July 28, 2021 at 8:18 am,
    Matthew says:
    This is 100% incorrect lol.. I never guaranteed .29-.30 let’s get that straight. Secondly my call for .46.-.48 came when impact was way above while you kept pumping. That’s facts. Congrats you bought at .51 or whatever number at some point fork shift resistance will hold its like playing poker with odds. My call of going lowers months ago is the real call like it or not. And I don’t harp about it, it’s just you continually go at the Calls me and doc have said in the monthly for sometime and are calls are in regards to a longer monthly trend. We are not looking for small bounces etc. You seem to time everything perfectly she fork is broken your a buyer and when it isn’t you called the bottom conveniently. It doesn’t work that way.

    Everyone in here is scared to call you out not me is what it is we are in a bear market for the miners and until they reverse it’s the same shit.


      Jul 30, 2021 30:10 PM

      Ok, I stand corrected about the guarantee. My memory failed me but it’s easy to see why. Here’s your comment:
      On July 20, 2021 at 8:55 pm,
      Glenfidish says:
      Impact will hit my guaranteed price and probably head down towards .29-.31.
      You did later ditch “probably” and decided to call .29-.31 your stink bid. That IS a noteworthy change since stink bids are used to capture the improbable moves.

      More importantly, your tiresome and obnoxious bravado surfaces most right when you should be a buyer and NOT squawking about lower lows. You were bearish at THE low in March and even at the second major low at the end of March. Here’s what we said on THE day of the low that equaled a 75% retracement of the rise off of the early March low:

      On March 30, 2021 at 12:12 pm,
      Matthew says:
      Larry, I believe the low is days away or less!

      On March 30, 2021 at 2:22 pm,
      Glenfidish says:
      Let me try and understand you Matt! Are saying you believe the final low is days away or less? If so that’s one gutsy call 😬

      On March 30, 2021 at 5:06 pm,
      Matthew says:
      Glen, that’s what I’m saying. Days = less than a week. Remember that I told you 2-3 weeks ago that your plunge had to happen soon or it probably wouldn’t. Well, we’re there. The question is, how low will everything go in the time left?

      On March 30, 2021 at 5:28 pm,
      Glenfidish says:

      I’m going to call you out on your call sorry need to do so. The low is not even close your going to be really surprised.
      — — — — —

      You further embarrassed yourself with this.

      On March 30, 2021 at 3:17 pm,
      Glenfidish says:
      Larry go back to your charts lol! Seriously your telling people to buy gold at this moment?

      Your off by a few days if not a week.


      (Larry NAILED it and you were there to undermine anyone who might have listened to him.)
      — — —

      On March 30, 2021 at 3:26 pm,
      Glenfidish says:
      Ann, charts, dt, Canuck, wolf, Dan from Calgary “ thanks for your kind post the other day”
      B, bonzo, Cory, al, holy, bull, Larry and david and bbc or sorry saturated 🙂 Jerry

      We are headed lower this technician has been calling it like no other. You can choose to fight my direction and go with other side or you can choose to not lose money!

      On March 30, 2021 at 5:20 pm,
      Matthew says:
      Glen, showing your work might give people some confidence in what you’re doing. I for one would never act on the words of a “guru” no matter how good his record might be.

      Btw, Larry has proven that he knows what he’s doing and doesn’t post market calls often because the setups he’s looking for don’t happen often.
      — — — — —

      You have now been bearish at the last THREE best times to buy yet you act like you’ve been right all along. The “candy store” was open for business while you and Doc maintained kept looking for lower prices and STILL have not acknowledged that the low is probably in place. AGAIN.

      You don’t seem to realize that your calls were never the problem. It’s your buzzing around with that attitude. You “had to call me out” as if my opinions were offensive in some way. What’s wrong with you? It should embarrass you that I turned out to be right and that it was YOU who needed to be called out.

      Do yourself a favor and buy the gap fill on Monday if it happens.

      Jul 30, 2021 30:13 PM

      P.s. – You made it look like the second half of your post is something I posted earlier. It’s not and others should know that those are your words.

    Jul 30, 2021 30:23 PM

    ya, more of the same up and down. Equities look very tired but refuse to break but they will. Matt making me increasingly bullish on precious metals, another weekly close higher should do it, in particular if they disconnect from spx slide. Better to wait for the turn even if it means missing the first quarter, as plenty more should be available.

    Jul 30, 2021 30:00 PM

    matt. difference for me is to wait the turn rather than buy ahead of it as you prefer. particularly as I’m currently not empty-handed in the golds. Nibbled at some spx puts yesterday into sept., as a gamble to have some skin in the game.

      Jul 30, 2021 30:15 PM

      Of course, there’s nothing wrong with your approach. The problem for some is that they have a hard time buying after everything takes off, especially if it’s an impressive take-off like we had in 2016. Virtually everyone was left waiting for pullbacks that never came and countless newsletter writers advised doing so.

      The benefit of buying early is enhanced if you want a large position in a tiny company. If you’re buying large miners or a popular ETF, it can make a lot more sense to wait.

    Jul 30, 2021 30:54 PM

    solid advice