Marjolaine Showing
| SAMPLE NO. | Cu % | Ag G/T |
| 95587 | 8.3 | 14.4 |
| 95588 | 3.9 | 14.0 |
| 95589 | 11.8 | 456.0 |
Summit No. 4 Showing
| SAMPLE NO. | Cu % | Ag G/T | Ni % | Co % |
| 95554 | 4.0 | 74.2 | 0.02 | Trace |
| 95555 | 14.6 | 22.2 | Trace | Trace |
| 95557 | 0.6 | 112.0 | 0.8 | 0.6 |
| 95560 | 0.1 | 52.6 | Trace | Trace |
| 95561 | 0.6 | 28.0 | Trace | Trace |
| 95562 | 6.6 | 368.0 | Trace | Trace |
| 95563 | 0.7 | 7.5 | Trace | Trace |
Cartouche Showing
| SAMPLE NO. | Au G/T | Cu % | Ag G/T | Pt G/T | Pd G/T |
| 95578 | 35.7 | 0.4 | 1,500.0 | 15.4 | 10.5 |
| 95579 | 1.6 | 0.1 | 768.0 | 0.3 | 0.2 |
| 95580 | 14.6 | 0.1 | 1,060.0 | 1.5 | 2.0 |
| 95581 | 0.1 | 0.1 | 28.4 | Trace | Trace |
Jameson Showing
| SAMPLE NO. | Cu % | Ag G/T | Co % |
| 95598 | 1.30 | 17.4 | 1.30 |
| 95705 | 1.84 | 22.8 | 1.84 |
As a result of these positive results, Eloro has added (via map staking) 71 new claims. The Summit Gabbre Property has now increased from 10.7 to 47 km˛ (Figure 1). Although still at an early exploration stage, these significant results have prompted Eloro to further investigate the higher grade mineralization at Summit Gabbre. Eloro is developing a geological/exploration model incorporating magnetic highs, iron formations, mafic to ultramafic intrusive rocks, and mineralization rich in copper, gold, silver, platinum and palladium, with minor nickel and cobalt (Figures 2 and 3). Priority targets generated will be drill tested in Q4-2006.
In addition to the work at Summit-Gabbre, Eloro has completed similar prospecting programs as that conducted on the Summit Gabbre property on three mineral properties located along the Eastmain archean aged volcano sedimentary belt. While final assay results are still pending, the Company has proceeded to mobilize heavy equipment to its 100% owned Delta property in order to better expose a surface mineralized zone, through mechanical stripping work. Results will be released when available.
About Eloro Resources Ltd.Eloro Resources Ltd. is a junior exploration company focused on discovering and developing precious and base metal quality resources in the James Bay District of northern Quebec and the Timmins Camp of northern Ontario. Eloro currently has 19 gold-copper-silver and uranium properties covering 320 km2 in the La Grande and Eastmain Greenstone Belts, proximal to Goldcorp’s Eleonore Gold Prospect. Eloro has recently signed a Letter of Agreement with Cambior Inc. allowing Cambior to earn a 50% interest in the Lemoyne North, Sakami East and Taďga claim blocks, by spending C$ 2 million in exploration work on or before June 30, 2010.
Hurdman ProjectIn the Timmins Camp, Eloro is currently exploring the 66 km2 zinc-silver-gold Hurdman Property, where the Company has recently announced significant assay results from its Winter 2006 drill program, including 3.70% zinc and 7.71 g/t silver over 11.6 meters core length (ELO-06-01); 2.09% zinc and 40.00 g/t silver over 11.3 meters core length (ELO-06-04); 2.48% zinc and 10.4 g/t silver over 7.9 meters core length (ELO-06-07); 5.22% zinc and 28.02 g/t silver over 7.90 meters core length (ELO-06-08); 4.99% zinc, 26.57 g/t silver over 7.30 meters core length and 49 g/t gold over a 0.5 meters core length (ELO-06- 12).
The technical content of this press release have been reviewed by Martin Bourgoin, P. Geo., Executive Vice-President, Exploration of Eloro, and the Company’s Qualified Person under the guidelines of National Instrument 43-101.
For further information please contact Thomas G. Larsen, President and CEO or Jorge Estepa, Vice-President: (416) 868-9168
Statements in this release that are not historical facts are “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Readers are cautioned that any such statements are not guarantees of future performance, and that actual developments or results, may vary materially from those in these “forward-looking statements. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
