| Eloro Discovers Two New Mineralized Zones As it Completes Winter Diamond Drilling Program at the Simkar Gold Project; additional drilling planned to follow higher grade gold intervals |
Toronto (Canada), May 27, 2010 – Eloro Resources Ltd. (TSX-V: ELO; FSE: P2Q) (“Eloro” or the “Company”) and Megastar Development Corp. (TSX-V: MDV; FSE: M5Q) are pleased to announce the discovery of two new mineralized zones and the successful intersection of over 80% of the intended gold-bearing targets. These drilling results further indicate that the gold mineralized structures are continuous over significant distances at the Simkar Gold Project (“Simkar” or the “Property”) located in the prolific Abitibi Greenstone Belt, 20 km east of Val-d’Or (Quebec). Simkar consists of two contiguous mining concessions totalling 226 hectares, and is wholly-owned by Megastar, under option to Eloro. Phase 1 of the Simkar drilling program totalled 6,125m in 17 holes. The table below provides highlights of the results obtained from the drilling program – holes SK-10-12 through SD-10-17 were previously issued on March 25, 2010.
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Eloro Resources Ltd. 27 May 2010 - 14:45 |
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