| Eloro Updates James Bay Mining District Properties |
TORONTO, ONTARIO--(Marketwire - June 15, 2007) - ELORO RESOURCES LTD. ("Eloro" or the "Company") (TSX VENTURE:ELO) is pleased to provide an update on the progress at a number of the Company's properties in the James Bay Mining District of northern Quebec.
Lemoyne North, Sakami East and Taiga Properties
Eloro has received a technical report dated May 2007 from IAMGOLD Corporation ("IAMGOLD"), formerly Cambior Inc. ("Cambior"), summarizing their 2006-2007 exploration programs on Eloro's LeMoyne North and Sakami properties (the "Properties"). The Properties, in addition to the Taiga property, also located in the La Grande Greenstone Belt, were optioned to Cambior in June 2006, prior to IAMGOLD's November 2006 acquisition of Cambior. Under the terms of the option agreement, exploration expenses of C$290,000 were incurred as part of the Year 1 work expenditure requirements.
 Read news release |
Eloro Resources Ltd. 18 Jun 2007 - 13:19 |
|
| |
|
