Eloro Resources CEO Thomas Larsen tells Proactive the Toronto, Canada-based group is working on closing a bought deal financing for $9.7 million to bolster its Iska Iska Project in Bolivia.
Larsen says the group currently has four drill rigs turning at an average of around 100 meters per drill per day, adding that all holes drilled across the project to date display intervals of alteration and significant mineralization. Larsen says it is on track to produce a mineral resource estimate in the third quarter of 2022.