We may earn money from our partners when you click a link, complete a form or call a phone number. (Learn More)

At Satori Traders, we applaud Investors who perform due diligence before putting their hard-earned money at risk. We provide Precious metals information for free to help consumers educate themselves. Satori Traders is a fee-only California-registered Investment Advisor. We receive management fees from our clients based on assets under management as detailed in our Investment Management Agreement. We also receive compensation from external companies when we send them referrals. Satori Traders only recommends companies that we have independently researched. The compensation we receive from these companies does not affect our analysis. We would be making the same recommendations without compensation. As a fiduciary and California-registered Investment Advisor, we set very high standards for the companies we associate with or recommend to others. Information that we provide to consumers will not include companies that fail to meet our quality standards. The compensation we receive from external companies may impact how and where those companies appear on our site, including the order in which they appear.

Eloro Resources Ltd stock

Eloro Resources (OTC: ELRRF) is earning-in to a 99% interest in the 9 square kilometer (900 hectares) Iska Iska land package located in Bolivia’s South Mineral Belt.


Some artisanal-scale mining has occurred on the property, but there has been no historic mining of any significance.


The polymetallic mineral deposit at Iska Iska is intact which is unusual. What makes this deposit unique is a protective layer of volcanic rock that prevented both erosion and artisanal mining.


The deposit appears to be very similar to other known polymetallic deposits in this prolific mineral belt. Based on the history of these producing mines, Iska Iska has the potential to host as much as one billion ounces of Silver.


Besides Silver and Gold, the unique deposit at Iska Iska includes tin, zinc, lead, copper, bismuth, and indium. All of these metals have real value and demand for tin and zinc will increase because of their usage in green technologies. Eloro could end up with a very low AISC for Silver and Gold after taking credit for the other metals.


Eloro (TSXV: ELO) has a tight share structure with only 64.3 million fully diluted shares (as of Feb 2021). Management, directors, advisors and significant investors hold 27 million of those shares (as of Feb 2021). 


Dr. Quinton Hennigh serves as technical advisor and senior business advisor for Eloro. He is an economic geologist with 25+ years of experience and an impressive list of mineral discoveries.


Dr. Hennigh's skills are in high demand during the current secular bull market in Silver and Gold. He serves as technical advisor to some of the premier Silver and Gold junior miners including NOVO Resources, Eskay Mining, New Found Gold, and Kuya Silver.


Drill results announced in January 2021 included hole number 15 with 4 oz. Silver/ton over 257 meters (130g/ton ag). This drill hole along with the others, confirmed that the breccia (rock fragments cemented together) at Iska Iska is well mineralized.


Dr. Quinton believes that there may have been more than one mineralizing event in Iska Iska's distant past. That could explain its high-grades and the diversity of the metals present.

Disclaimer: Technical Analysis rating is algorithmically-determined and provided by TradingView based on the security's technical indicators. This rating does not reflect the opinion of Satori Traders LLC and should not be considered a recommendation to buy or sell any security.

Eloro Resources news

   

Bryan V Post is a California-registered Investment Advisor Representative specializing in the Precious metals.

He is the founder and CEO of Satori Traders LLC, a California-registered Investment Advisor.


Bryan has worn numerous hats during his life:

Engineer, Portfolio manager, Precious metals Investor, Technical analyst, Proprietary trader, Swing trader.

Copyright 2021, Satori Traders LLC - Disclaimer