CORPORATE PRESENTATION - TSXV ELO | FSE P2Q OTCQX: ELRRF - Eloro ...
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TSXV ELO | FSE P2Q CORPORATE PRESENTATION
OTCQX: ELRRF
January 20|211
Forward Looking Statements
Certain information contained herein regarding Eloro Resources Ltd., including management’s assessment of
future plans and operations, may constitute forward-looking statements under applicable securities law and
necessarily involve risks, including but not limited to risks associated with mining exploration, operating costs,
production costs, volatility of share prices, currency fluctuations, imprecision of resource and reserve estimates,
environmental risks and ability to access sufficient capital from internal and external sources.
As a consequence, actual results may differ materially from those anticipated in any forward looking statements.
Plans, intentions or expectations disclosed in any forward-looking statements or information should not be read as
guarantees of future results or events, and will not necessarily be accurate indications of whether or when or by
which such results or events will beachieved.
Except as required by law, Eloro Resources Ltd., expressly disclaims any intention and undertakes no obligation to
update any forward looking statements or information as conditions change.
Any historical mineral resources mentioned are strictly historical in nature and are non-compliant to National
Instrument 43-101 mineral resources and mineral reserves standards, and should therefore not be relied upon.
A qualified person has not done sufficient work to upgrade or classify the historical mineral resources as current
National Instrument NI-43-101compliant.
|2
ELORO Capital Structure
TSX- V:ELO
Exchange Frankfurt: P2Q (WKN A1JKAT)
OTCQX:ELRRF
Shares Issued and
52.0 million
Outstanding (Jan 25,2021)
Warrants
6.5 million
($0.50 to $2.00 on exercise)
Options
4.6 million
($0.40 to $0.87 on exercise)
0.25 million
Property Option
Fully Diluted 63.3 million
Share Price CDN $2.63
(Jan 25, 2021)
Market Share Capitalization CDN$136.8 million
*CDNcurrency
Management, Directors, Advisors & 27 M
Significant Holders
|3
ELORO Experienced Team
Management Team Technical Advisors
THOMAS LARSEN B.A. BILL PEARSON Ph.D., P.Geo.
Chairman andCEO Chief Technical Advisor
MILES NAGAMATSU C.P.A., C.A. QUINTON HENNIGH Ph.D, Geology/Geochemistry
Chief FinancialOfficer Senior Technical Advisor
JORGE ESTEPAB.A. HARRY BURGESS P.Eng
V.P.,Secretary-Treasurer Mining Engineer
CHRIS HOLDEN CFA
V.P., Corporate Development GRAHAM SPEIRS P.Eng.
Technical Advisor
OSVALDO ARCE Ph.D., P.Geo. Corporate Advisory Board
General Manager, Minera Tupiza S.R.L.
QUINTON HENNIGH Ph.D, Geology/Geochemistry
JIMENA MORAN B.A.
Senior Business Advisor
Executive Assistant
DOUG BACHE B. Math
Board of Directors Corporate Advisor
THOMAS LARSEN B.A.
Chairman andCEO Independent Technical Advisor Micon Int’l Ltd.
FRANCIS SAUVE
ALEXANDER HORVATH P.Eng. CHARLIE MURAHWI MSc., CP. Geo.,
Senior Economic Geologist
DUSAN BERKA P.Eng.
RICHARD STONE C.I.M.
|4
TSXV ELO | FSE P2Q OTCQX: ELRRF
ISKA ISKA Bolivia
Top Tier large-scale deposits of gold, silver, iron ore, zinc, tin, lead and lithium.
These include: Cerro Rico de Potosi, Silver Sand, San Bartolomé, Pulacayo,
San Cristobal, San Vicente, Chorolque, Tasna, Choroma and Siete Suyos.
Rich history of mining and prospectivity is excellent. Limited exploration in the early
2000’s has now provided the opportunity of finding Tier 1 assets.
Modern mining laws and a supportive political environment
• New mining minister Ramiro Villavicencio has a technical history in mining
having worked for Sumitomo
• National Lithium Company (Gabino Gonzales – General Manager) has openly
expressed an objective to reactivate and industrialize lithium
• January 8th, 2021 Vice-minister of Mining:
“We are open to attracting investment wherever it comes from”
• Mining accounted for approx. 28% of Bolivia’s exports or $2.2 billion in 2017.
|6
DECARBONIZATION Metals for a Low Carbon Future
Source: MIT, Rio Tinto Source: World Bank Group
Renewable energy needs to increase from 14% to 44% of energy market in
order to meet Paris Agreement for 2050 (IEA)
|7
OPPORTUNITY In Bolivia
Bolivia has world class famous CERRO RICO
large scale deposits of gold, Cerro Rico de Potosí is the world’s
silver, iron ore, zinc, tin, lead and largest silver deposit and has been
lithium. mined since the sixteenth century,
producing approx. 2.1 billion ounces
POTOSI (2018) and is still producing today.
Silver from the mines of Potosi, still
a by-word in Spanish for incalculable
wealth, which supercharged Europe’s After 500 years of metal extraction,
economy in the early modern era. this deposit still contains a world-class
silver and tin reserve (> 500 million
tonnes grading ~ 100 g/t Ag and
0.2% Sn; Bernstein, M., 1989).
* Source: National Instrument 43-101
|8
ISKA ISKA Porvenir Concession
The Iska Iska Porvenir
Concession is a road
accessible, royalty-free
property, (wholly-owned by the
Title Holder).
It is located 48 km north of
Tupiza city, in the Sud Chichas
Province of the Department of
Potosi
It covers an area of 900 Ha.
(9 km2)
Sur Chichas
Province, Potosi
Bolivia
|9
ISKA ISKA Social & Community Engagement
A historical mining region that Eloro
Resources is committed to supporting.
• Supplies to the community during
Covid-19.
• Sponsorship of school and sports
No artisanal miners on the property with the
closest community being Tupiza 48 km away.
Environmental study and community
discussions currently underway.
Committed to Bolivian and local work force:
• On-site team is 100% Bolivian
• Actively training recent graduate
geologists and technical staff through our
intern program
| 10MINERAL DEPOSITS Bolivia a Prolific Mining Country
Dr. Osvaldo Arce, P.Geo., President
of the Bolivian Geological Society
(2010-2017), a highly recognized
Bolivian geologist and a key member
of the Eloro team, prepared a
comprehensive textbook on the
metalliferous ore deposits of Bolivia.
Iska Iska is in the SW part of the
Eastern Cordillera which hosts a
number of major polymetallic mines
and mineral deposits.
Cerro Rico de Potosi Comibol
Silver Sand New Pacific Metals
Silver Sand
San Bartolome Argentum Investments
Pulacayo Silver Elephant San Bartolome
San Cristobal Sumitomo Corp.
San Vicente Pan American Silver
| 11ISKA ISKA Property Geology & Mineralization
Iska Iska is a major silver
polymetallic porphyry-
epithermal complex
associated with a Miocene
possibly collapsed/resurgent
caldera, emplaced on
Ordovician age rocks that
consist of the Iska Iska
granodioritic stock, five
dacitic domes, igneous
hydrothermal breccias,
quartz porphyries, dikes,
and dacitic flows.
Preliminary
Geological
Mineralization age is Map Iska Iska
similar to Cerro Rico de
Potosí and other systems
such as Chorolque, Tasna
and Choroma, located in the
same geological trend.
| 12View of Main Area of Iska Iska
View of the Topography of the Iska Iska Main Area Looking North.
Property is readily accessible by road.
Underground workings provide excellent access for underground drilling
| 13ISKA ISKA Geology & Mineralization
Hydrothermal mineralization has a Metallic minerals include pyrite,
widespread silver polymetallic galena, sphalerite, complex silver-rich
signature (Ag, Au, Zn, Pb, Bi, W, phases, argentite electrum, native gold,
Sn) and is usually telescoped being chalcopyrite and cassiterite. Gangue
spatially related to epizonal minerals are quartz, kaolinite,
intrusions. arsenopyrite, pyrrhotite, marcasite,
sericite, and siderite.
Mineralization occurs as groups The main potentially economically
of veins, vein swarms, veinlets, exploitable metals are silver, gold,
stockworks, disseminations and zinc and lead. Potential byproducts are
breccias. bismuth, copper and indium.
| 14DUE DILIGENCE Results
The channel sampling program LEAD
confirmed extensive and significant
silver- polymetallic mineralization Lead (Pb) values range between
0.41 - 16.95% Pb
(see detailed table in Appendix) as
(49% of channel samples)
follows:
SILVER COPPER
Silver (Ag) values range between Copper (Cu) values range between
35.5 - 694 g/t Ag 0.1 - >1%
(46% of channel samples) (22% of channel samples)
GOLD BISMUTH
Gold (Au) values range between Bismuth (Bi) values range between
0.31 - 28.6 g/t Au 967 - 7,380 ppm Bi
(42% of channel samples) (22% of channel samples)
ZINC INDIUM
Zinc (Zn) values range between Indium (In) values range between
1.05 - 16.95% Zn 10.35 - >500 ppm In
(37% of channel samples) (34% of channel samples)
| 15NI 43-101 TECHNICAL REPORT
Independent technical report by Micon International
“Micon” filed on SEDAR on April 29, 2020
Report supports Eloro’s planned exploration program
at the Iska Iska polymetallic epithermal-porphyry project
Proximity of the Project to world class deposits
confirms the favourable geological setting. Optimal place
Channel sample: 2.90m @ 12.35g/t Au;
to explore is in the vicinity of an operating mine 57.40g/t Ag; 1.86% Zn; 1.44% Pb
Further exploration of the Iska Iska property is merited
based on the promising reconnaissance sampling
results verified by Micon
Deposit if developed is amenable to both open pit and
bulk underground mining
Two-phase US $1.04M exploration program including Strongly oxidized, sericitized and argillized
3,500 metres of diamond drilling recommended granodiorite with extensive brecciation and
disseminated sulphides
| 16Mineralogical Domains Defined In Synchrotron Study
Synchrotron mineral
cluster analysis by
Western University on
due diligence samples
identified four major
mineralogical domains.
These domains are
related and represent a
single mineralized
system.
Domains are likely
related to a telescoped
porphyry-epithermal
style of mineralization.
| 17ISKA ISKA TABLE 1: Synchrotron Mineralogical Analysis
Domain No. Grade Range of Main Metals Main Minerals Characteristics
Spls Au g/t Ag g/t Zn% Pb% Bi ppm In ppm Cu% Sn% Py Mc Sph Gn Apy Sd Agt
Quartz,
0.32 - 8.99 - 0.3 - 0.25 - 23.7- 4.72 - 0.02 - 0.01 - muscovite,
15.50 362 2.15 9.53 5,860 ˃500 ˃1 ˃0.05 sulphides (pyrite),
1 31 (39% (48% (51.6% (51.6% (67.7% (˃64.5% (74.1% (51.6% major major major major n.d. minor n.d. low gold, low
of total of total of total of total of total of total of total of total silver, high
spls) spls) spls) spls) spls) spls) spls) spls) bismuth and low
indium
Galena, pyrite,
0.02 - 204 - 0.39 - 0.15 - 30.70 - 46.40 - 0.05 -Initial Diamond Drilling Program Huayra Kasa
ISKA ISKA
Huayra Kasa Breccia
Pipe discovered in
November 2020 just
east of UG workings.
Two major breccia pipe
targets identified to the
west of the UG workings.
High grade Au-Bi zone
outlined underground
| 19Discovery of Second Major Pipe-
ISKA ISKA Santa Barbara Pipe
Drill Hole DHK-14 drilled
at -10 degrees to the SW
of Huayra Kasa workings
intersected almost 180m
of silicified & mineralized
breccia in the Santa
Barbara Breccia Pipe.
Hole ended in well-
mineralized breccia once
the drill reached its depth
capacity and only
penetrated approximately
50% of the breccia pipe.
Channel sampling at NW
end of Santa Barbara adit
returned 0.32 g Au/t,
26.90 g Ag/t, 1.16% Pb,
28.5 g In/t and > 500ppm
Sn along margin of pipe.
Santa Barbara Breccia Pipe is ~400m in diameter
| 20ISKA ISKA Santa Barbara Breccia Pipe
Highlights from recent drilling results:
• 129.60 g Ag eq/t over 257.5m (29.53g Ag/t,
0.078g Au/t, 1.45%Zn, 0.59%Pb, 0.080%Cu,
0.056%Sn, 0.0022%In, 0.0064%Bi and
0.0083%Cd) from 0.0m to 257.5m in hole DHK-15,
the deepest of the three holes reported within the
SBBP;
• 79.00 g Ag eq/t over 121.33m (21.77g Ag/t,
0.034g Au/t, 0.35%Zn, 0.23%Pb, 0.18%Cu,
0.056%Sn, 0.0011%In, 0.004%Bi and 0.0055%Cd)
from 0.0m to 121.33m in Hole DHK-14 within the
SBBP;
• 74.16 g Ag eq/t over 40.88m (33.43g Ag/t, 0.032g
Au/t, 0.04%Zn, 0.33%Pb, 0.13%Cu, 0.045%Sn,
0.0010%In and 0.0012%Bi) from 30.40m to 71.28m
in Hole DHK-13 which is within the approximately
100m wide mineralized envelope that surrounds
the breccia pipe. Santa Barbara Breccia Pipe
Hole DHK-15 231-237m
| 21Geological Cross Section of Major
ISKA ISKA Breccia Pipes
Hole DSB-01 intersected 195m of
mineralized breccia in SBBP &
83m in CGP.
Hole DSB-02 intersected 216m of
mineralized breccia in SBBP &
332m of mineralized breccia with
porphyritic fragments in CGP.
Last 10 m in this hole contained a
5m long intersection of massive
sulphides - system is open at
depth.
Hole DSB-03 intersected 430m of
mineralized breccia in SSBP
including 50m of massive
sulphide from 302m to 352m.
SBBP.
| 22ISKA ISKA Massive Scale of Breccia Pipes
Drilling has confirmed a 400m wide diameter for the
Santa Barbara Breccia Pipe with a further 100m
mineralized envelope around the pipe for a total
effective mineralized diameter of 600m
Adjacent Central Breccia Pipe to the south has a
surface dimension of 400m by 700m
Hole DHK-02 intersected mineralized breccia in the
CBP to a depth of 475m below surface where it is
completely open.
It appears likely that the Santa Barbara and Central
Breccia Pipes may merge at depth.
Widespread tin mineralization suggests that we are
getting closer to the magnetic source.
Deeper holes are planned in both the SBBP and CBP
to further confirm the full extent of the pipes and to test
for mineralization at depth. Massive Sulphide
DSB-03 316-320m
| 23ISKA ISKA Major Suite of Metals
Hole DHK-15, the deepest hole in SBBP with assays
back, gives us our first picture of the true potential of
the Iska Iska system.
A whole suit of metals including Ag, Zn, Pb, Cu, Sn, In,
Bi and Cd are present, exactly the sort of assemblage
one would like to see in a prolific “Potosi-type”
deposit.
It appears we have an entirely preserved mineralizing
system of this type with lots of room to host a major
deposit.
Early indication of large size comes from hole DSB-02
which tells us that both the large SBBP and even larger
CBP appear to be strongly mineralized.
In just a few short months of drilling we have been able
to confirm that Iska Iska has the right metal-
assemblage, strong Ag-polymetallic grades and very
large size. Massive sulphide at bottom
of DSB-02 632m
| 24Potosi-like Metal Contents &
ISKA ISKA
Environment
Mineralization at Iska Iska defines a massive
porphyry-epithermal system hosted mainly in large
magmatic-hydrothermal breccia pipes, along with
Tertiary dacitic domes and Ordovician quartz
sandstone sequences.
This is a new geological environment for
polymetallic deposition in the southern Bolivian
Andes.
Regionally, in terms of metal contents Iska Iska is
comparable with neighbouring world-class
polymetallic systems including Cerro Rico de
Potosi, San Vicente, Chorolque and Tatasi.
These systems all of which have similar geological
environments, with the notable exception of the
large and remarkable mineralized breccia pipes at
Iska Iska.
Typical Central Breccia
DSB-02 570-577m
| 25DEPOSIT MODEL Conceptual
Silver Sand
Iska Iska is at a
comparable
stratigraphic level to
Cerro Rico de Potosi
| 26BOLIVIA Recently Acquired Properties
Nine additional properties
(known as mining areas under
Bolivian law), covering a total of
311.75 km, recently acquired in
Iska Iska area
Properties are located on
property Aster anomalies with a
similar hydrothermal operation
signature to that of Iska Iska.
Targets on these properties
include:
- Polymetallic Ag, Pb, Zn
- Polymetallic Ag, Au, Pb, Zn
- Sn, W, Base metals
| 27BOLIVIA Next Steps…
Eloro is proceeding with an aggressive
Diamond Drilling Exploration Program
Huayra Kasa Pipe and two other major Deeper drilling in progress to test
Breccia Pipes discovered in First phase breccia pipes at depth
UG/surface diamond drilling program
On January 5th, 2021 Eloro Resources Preliminary metallurgical tests to
closed CDN $6.3 million bought deal commence shortly
financing
Second phase of surface diamond drilling of Gradient IP survey to look for deeper
2 recently discovered major breccia pipes, porphyry Sn-Cu-Bi mineralization
Santa Barbara & Central now in progress
Ground magnetic and IP surveys to evaluate Objective is to outline a National
other potential breccia pipe targets for drill- Instrument 43-101 mineral resource in
testing Santa Barbara and Central Breccia pipes
STAY TUNED! | 28TSXV ELO | FSEP2Q
TCQX: ELRRF
PERUEXPERIENCED TEAM
Management Team Technical Advisors
THOMAS LARSEN B.A. BILL PEARSON Ph.D., P.Geo.
Chairman andCEO
Chief Technical Advisor
MILES NAGAMATSU C.P.A., C.A.
QUINTON HENNIGH Ph.D, Geology/Geochemistry
Chief FinancialOfficer
Senior Technical Advisor
JORGE ESTEPAB.A.
GRAHAM SPEIRS P.Eng.
V.P.,Secretary-Treasurer
Technical Advisor
LUC PIGEON
JAMES STEEL MBA, P.Geo.
General Manager, Cia Minera Eloro PeruS.A.C.
Senior CorporateAdvisor
OSVALDO ARCE Ph.D., P.Geo.
HARRY BURGESS P.Eng
General Manager, Minera Tupiza S.R.L.
Mining Engineer
JIMENA MORAN B.A.
Executive Assistant
Board of Directors Corporate Advisory Board
THOMAS LARSEN QUINTON HENNIGH Ph.D, Geology/Geochemistry
Chairman andCEO Senior Business Advisor
FRANCIS SAUVE
DOUG BACHE B. Math
ALEXANDER HORVATH P.Eng.
Corporate Advisor
DUSAN BERKA P.Eng.
CHRIS HOLDEN CFA
RICHARD STONE C.I.M. Corporate Advisor |4Large Newly Explored Opportunity in
LAVICTORIA
the North-Central Mineral Belt
GOLD SILVER
Situated near world-class, low-cost
gold producers Pan American Silver
Corp (PAAS) & Barrick Gold Corp
16 concessions, 8,930 ha (89.3 km2)
Low Sulphidation Epithermal Deposits
Four Principal Mineralized Zones:
San Markito, Rufina, Victoria-
Victoria South, and Ccori Orcco
Peruvian Andes at elevations that
vary from 3,000 m to 4,500 m above
sea level
The property is located 12 hour
drive from Lima
The nearest road-accessible towns
from La Victoria are Huandoval,
Pallasca and Cabana.
| 31LA VICTORIA In Elephant Country
North-Central TANTAHUATAY
1.5M ozAu
Mineral Belt, Peru YANACOCHA
40 MozAu
VOLCANIC - HOSTED
Deposits in TertiaryVolcanics
Yanacocha, Cerro SHAHUINDO
2.5M ozAu
Colorado, Tantahuatay,
La Zanja, Minas Conga, LAGUNAS LAARENA
NORTE 1.6M ozAu
El Galeno, Michiquillay 10 MozAu
QUIRLUVILCA LAVIRGEN
Cu-Au-Ag Au-Ag
SANTAROSA
Au-Ag
SEDIMENTARY - HOSTED
Deposits in Jurassicand
Mine inOperation
Cretaceous Sediments
Mining Project
Lagunas Norte, Quiruvilca,
La VictoriaProject
La Arena, La Virgen,
Shahuindo, Santa Rosa, 20km
Patibal, Magistral, Retamas 50km
100km
Source: Life of Mine Reserves and
Resources from company reports.
| 32LA VICTORIA Adjacent Ownership
NEWMONT
Reserves of 68.5 MM oz Auand
Resources of 47.7 MM oz
BARRICK
Reserves of 85.95 MM oz Au and
Resources of 106.5 MM oz
ANGLO AMERICAN
A major integrated mining
company with PGM, Cu, Ni
and Diamonds
FRESNILLO
Reserves of 9.4 MM oz Au and
Resources of 18.87 MM oz
Source: Company Websites and Annual Reports
| 33LAVICTORIA Geological Plan Map showing Locations
of Major Target Areas
Rock types,
alteration style and SAN MARKITO
mineralization PUCA FAULT
similar to
producing gold CCORI ORCCO
mines in Northern VICTORIA
Peru Gold Belt Campanario
Fault
Chonta
Fault
Epithermal occurs in
gold- silver
VICTORIASOUTH
mineralization
structures
associated with
RUFINA
dioritic intrusives
Tocanga
Fault
4 Major target
areas have been
outlined for
drilling: Rufina,
Victoria-Victoria
South, SanMarkito
and Ccori Orcco
| 34Successful First Reconnaissance
LAVICTORIA
Drilling at Rufina Target
Significant results include
(all core lengths)
3.46 g Au/t over 7.4mincluding
7.31 g Au/t over 3.4m and
2.73 g Au/t over 1.5m in Hole ERU-02
2.10 g Au/t over 4.5mincluding
4.31 g Au/t over 1.6m and
2.73 g Au/t over 1.5m in HoleERU-04
1.86 g Au/t over 3.0mincluding
4.31g Au/t over 1.0m in Hole ERU-01
2.83 g Au/t over 1.0m in HoleERU-03
1.92 g Au/t over 1.40m over1.4m
in Hole ERU-09A
0.66 g Au/t over 5.0mincluding
8.67 g Au/t over 0.4m inHole
ERU-09A
0.35 g Au/t over 19.5m inHole
ERU-04
| 35LAVICTORIA Major Epithermal Au-Ag System
Epithermal Au-Ag Mineralization at La
Victoria Extends over 1.5 km Vertically
LITHOLOGY ALTERATION STRUCTURE
Looking to the East
| 36ELORO Plans for 2021
Carry out a 2,000 m diamond drilling Continue with CSR program
program to test targets at San Markito in communities in project area
Trenching and sampling to explore Obtain detailed ASTER survey
extensive IP chargeability anomaly to aid in target evaluation
Carry out preliminary evaluation of
Southern Block which has a similar
geological setting to San Markito
| 37WHY INVEST IN ELORO?
In the Peruvian Gold Belt Large UnexploredLand-holding
82% owned asset in a stable, Eloro is a publicly-traded Canadian
mining-friendly jurisdiction, junior amongst majors (Barrick,
within sight of world-class, Tahoe) with a large land position
low-cost producing gold mines in a jurisdiction of some of the lowest
cost gold mines globally
Experienced Management
Strong management and Tight Capital Structure
technical team working diligently Small float with attractive market
to uncover the value of the capitalization
La Victoria Gold/Silver Project
Strong FinancialBacking
Exceptional Leverage
Ability to raise capital, strong
La Victoria exploration is highly shareholder support and
leveraged to rising gold and financial backing
silver prices
| 38LA VICTORIA Historical Acquisitions
LAARENA &SHAHUINDO
GOLD DEPOSITS
are 50 km north of Acquired for
LAVICTORIA $1.3 BILLION CAD
$4/share equiv. (CDN)
PIERINADEPOSIT
is 135km south of Acquired for
LAVICTORIA $1 BILLION CAD
AREQUIPA $30/share equiv. (CDN)
RESOURCES
| 39TSXV ELO | FSEP2Q
TCQX: ELRRF
CANADA OFFICE PERU OFFICE
20 Adelaide Street East, Suite 200 Jiron Botoneros278,
Toronto,Ontario, Canada M5C 2T6 Santiago de Surco,
Lima, Peru
Toll Free: 1 800360-8006
Tel: 1 416868-9168 Tel: +51 986 651-325
TOMLARSEN LUC PIGEON
CEO GeneralManager,
Cia Minera Eloro PeruS.A.C.
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