Eloro Resources Begins Exploration at La Victoria Gold-Silver Project

Eloro Resources (TSXV:ELO) has commenced a follow up surface exploration program at the La Victoria gold-silver project in Peru. The company recently reached an agreement to acquire 100 percent of the La Victoria property.
As quoted in the press release:

The exploration program will focus particularly on the Rufina West Oxide Gold Zone, a low sulphidation epithermal target where there is extensive artisanal mining activity and the adjacent Rufina East Sulphide Zone in the southern part of the property, Previous sampling by Eloro has indicated the presence of significant high grade gold and silver values in these areas (see press releases October 8, 2015 and August 12, 2015). Work to be completed includes a 14km Induced Polarization Survey, geological mapping and lithogeochemical sampling. Eloro has retained noted Andean epithermal gold expert Dr. Osvaldo Arce Burgoa to conduct the mapping and targeted sampling program.

Eloro president and CEO, Tom Larsen, said:

This followup exploration program, which is being overseen by Chief Technical Advisor to Eloro, Dr. Bill Pearson, P.Geo., will focus on better defining the nature and extent of the extensive epithermal gold-silver mineralization on the property and refining targets for the planned drill program later this summer. Previous work indicates that the epithermal system is exposed across approximately 5 km with a vertical extent exposed of at least 500 to 600m.

Click here for the full press release.