LA VICTORIA PROPERTY, PERU
Eloro is focused on exploring its wholly-owned La Victoria gold/silver property located in the North-Central Mineral Belt of Peru. Consisting of approximately 80 square kilometres, La Victoria sits on the western slopes of the Peruvian Andes at elevations that vary from 3000m to 4500m above sea level.
La Victoria is located within 50 km of several producing mines including: La Arena, owned by Tahoe Resources, Lagunas Norte (Alto Chicama) owned by Barrick Gold Corporation and Santa Rosa owned by Compañia Minera Aurifera Santa Rosa (COMARSA).
The geological setting at La Victoria exhibits the same rock types, alteration style, and mineralization as several of the world-class gold mines in the Northern Peru Mineralized Belt. La Victoria has never been drilled, yet major mineralized targets, with very prospective results from Eloro surface sampling, and artisan mining have been known since the 1970s.
On September 7, 2016, Eloro announced that it had completed a National Instrument 43-101 Technical Report on La Victoria.
On March 3, 2017, Eloro and ASX-listed Cott Oil and Gas announced a $5 Million Option Agreement for a 25% interest in La Victoria. The earn-in completion date for Cott to earn this 25% interest is July 31, 2018.
Eloro is also in the final planning stages to commence a drill program with four target areas already identified.
Further information on La Victoria can be found in the Corporate Presentation.