🕐02.03.15 - 22:27 Uhr
ELORO RESOURCES ANNOUNCES SAMPLE ASSAY RESULTS FROM LA VICTORIA PROPERTY, PERU
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Press Release
For Immediate Release
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Eloro Resources and Tartisan Resources Announce Sample Assay Results Containing
up to 4.1 g/t Gold and 427 g/t Silver Received from the La Victoria Polymetallic
Property, Ancash, Peru.
Toronto, Ontario, March 2nd, 2015.
Eloro Resources Ltd., TSX.V:ELO ("Eloro") and
Tartisan Resources Corp., CSE:TTC ("Tartisan") are pleased to announce 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.
Eloro is earning a 50% interest in the Property from Tartisan by spending C$1.5
million in staged exploration and work expenditures, and paying C$150,000 in cash,
of which C$100,000 has already been paid, on or before January 4, 2019.
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 (< and > 8 mm) and assigned an individual
sample number before shipping to the laboratory.
"The informal minors are helping our exploration efforts", said Tom Larsen, Eloros
CEO, "their adits affording us valuable access to the mineralization and the orientation
of local rock units."
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.
Sample
UTM*
Easting
Northing
Zone
Level
Fraction
Au
Ag
Ag
Cu
Pb
Zn
As
Zone
m
m
g/t
ppm
g/t
ppm
ppm
Ppm
ppm
M001535
18L
172472
9079989
Rufina
2
Coarse
3.5
21.7
1904.2
545.2
252
39858
M001536
18L
172472
9079989
Rufina
2
Fine
4.1
27.5
2635.2
783.2
359
40554
M001537
18L
172586
9079990
Rufina
4
Coarse
2.7
619.4
76
313
8508
M001538
18L
172586
9079990
Rufina
4
Fine
2.2
5.8
1238.5
132.4
408
16570
M001539
18L
172562
9082772
San Markito
-
-
427
4540.1
8330.8
1644
12001
*WGS84 Coordinate Reference System.
Mr.
Luc Pigeon separated each Rufina sample into a fine and coarse fraction (< and
> 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 Tartisans 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 <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
<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.
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About Eloro Resources Ltd.
Eloro Resources is an exploration and mine development company with a portfolio
of gold and base-metal properties in northern and western Quebec.
Eloro has also
been granted an option to acquire a 50% interest in La Victoria property, located
in the North-Central Mineral Belt of Peru.
For further information please contact Jorge Estepa, Vice-President at (416) 868-9168.
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 Companys 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.
Jim Steel MBA P.Geo., a Qualified Person in the context of NI 43-101 has reviewed
and approved the technical content of this news release.
Luc Pigeon B.Sc., M.Sc., P.Geo.
is Tartisan Resources Corp.
Qualified Person and
has reviewed and approved the technical content of this news release.
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