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Eloro Outlines Polymetallic Zones In James Bay Mine District; Grab Samples Up To 35.7 G/T Gold, 14.6% Copper, 1500 G/T Silver, 15.4 G/T Platinum and 10.5 G/T Palladium With Nickel, Cobalt Credits
TORONTO, ONTARIO -- ELORO RESOURCES LTD. ELO/TSXV is pleased to announce that it has identified a series of polymetallic mineralized zones consisting of gold, silver, copper, nickel, cobalt, platinum and palladium on its 100% owned Summit-Gabbre Property (refer to the appended Figures 1, 2 and 3 for details) within the La Grande Greenstone Belt, in the James Bay Mining District.
Since acquiring the Summit Gabbre property in July 2005, the Company has proceeded with an extensive geological compilation of the area and subsequently outlined several priority targets for field investigation. This ground prospecting and sampling program was carried out during July 2006.
The work revealed a series of sulphide zones, containing disseminated and semi-massive to massive chalcopyrite-pyrite-pyrrhotite stringers and veins, disseminated pyrite-chalcopyrite (up to 20%), and copper staining (malachite, azurite). At least six major showings have now been identified over a 750 meter long by 300 meter wide corridor. Significant 2006 grab sample results for the four main showings include:
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