Mining Company Uncovers Excellent 330Moz Silver Potential at Bolivia Project
Eloro Resources Ltd. (ELO:TSX; ELRRF:OTCQX; P2QM:FSE) announced that it has fulfilled all option payments to Empresa Minera Villegas SRL (Minera Villegas) to finalize the option held by its Bolivian subsidiary, Minera Tupiza SRL (Minera Tupiza), to acquire a 99% joint venture interest in the Iska Iska silver-tin polymetallic project in Potosí, Bolivia, according to a January 29 release.
Eloro said it made the final payment of US$1,150,000 the same day and, as per an addendum to the option agreement, transferred US$1,800,000 into a trust account for payment to Minera Villegas within 12 months after Minera Villegas secures the mining rights over the Mina Casiterita and Mina Hoyada mining areas.
