| Eloro commences Phase 2 drilling program to test new discoveries at Megastar’s Simkar Gold Property, Val-d’Or (Quebec) |
Toronto (Canada), June 16, 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 commencement of the Phase 2 diamond drilling program at the Simkar Gold Property (the “Property”), hosted in the Abitibi Greenstone Belt, 20 km east of Val-d’Or (Quebec). In light of the positive results from the Phase 1 program, which was completed earlier this spring, Eloro is immediately and aggressively expanding its exploration program at Simkar with a Phase 2 diamond drilling program, totaling 10,000 metres, that will focus on delineating the high-grade intersections encountered in drill holes SK10-12 (9.36 g/t gold over 5.9 metres), SK10-16A (4.61 g/t gold over 4.0 metres), and SK10-13 (20.4 g/t gold over 3.0 metres).
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Eloro Resources Ltd. 16 Jun 2010 - 08:31 |
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