TSX-V: ELO
FSE: P2Q
The La Victoria, Lemoyne North and
Delta-Eastmain Gold Projects, Peru and Quebec
Investment Risk Mitigation Through Mine Discovery and Development
CAUTIONARY NOTE REGARDING 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 be achieved.
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-43-101 compliant.
EXPERIENCED MANAGEMENT TEAM
TORONTO AND VAL D’OR OFFICES
Management
Board of Directors
Thomas Larsen CEO
Thomas Larsen Chairman
John Langton, M.Sc. P.Geo. President
Alex Horvath, P.Eng. Director
Jim Steel, MBA P.Geo. Senior VP Mining
Francis Sauve Director
Miles Nagamatsu, C.A. Chief Financial Officer
Dusan Berka, P. Eng. Director
Martin Bourgoin, P.Geo. Executive VP - Exploration
Richard Roy, P. Geo. Director
Jorge Estepa
VP and Corporate Secretary
CAPITAL STRUCTURE
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Exchange/Ticker
TSX Venture Exchange/ELO
Frankfurt Stock Exchange/P2Q (WKN A1JKAT)
Shares Issued and
Outstanding
17.77 million (Jan. 12, 2016)
Warrants
2.433 million
Options
1.35 million
Fully Diluted
21.55 million
Share Price
$0.14 (Jan. 12, 2016)
Market Capitalization
$2.48 million
Eloro Resources Ltd.
• Option to earn 60% of La Victoria Gold/Silver Project by spending C$1.2MM by January 2019.
• La Victoria -10 concessions; 35 km2; 50 km
south of Tahoe Resources La Arena Mine* & 46 km southeast of Barrick Gold Lagunas Norte Mine. *Acquired April 2012 in $1.2 billion cash and shares deal.
• Rufina Sector – Preliminary oxide heap leach gold target; 25.6MM tonnes at >2 g/t. Open to depth and to east under volcanic cover. Oxide grades to 46.4 g/t (west sector). Sulphide grades to 63.8 g/t (east sector) • San Markito Sector – sulphosalt breccia
silver target; preliminary target 12 MM to 15 MM tonnes. Open to depth. Gold grades to 2.72 g/t; silver grades to 1,814 g/t.
• Preliminary pit designs show topography potentially favourable for low-strip operation.
• Strategic plan to turn current small artisanal miner production into large modern production for benefit to all.
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GOLD PRODUCERS
NORTH-CENTRAL MINERAL BELT, PERU
Mine Company Production Gold 2013 ozs.
Elevation ASL
(m) Distance From La Victoria Yanacocha Newmont Mining /Buenaventura 967,575 3,500 - 4,500 160 km NNW Lagunas Norte
(Alto Chicama) Barrick Gold Corporation 606,000 3,700 - 4,200 50 km NW Quiruvilca Southern Peaks Mining LP 763,194 Ag 3,800 50 km NW Pierina Barrick Gold Corporation 97,000 4,100 - 4,200 135 km SSE
La Arena Tahoe Resources Inc
(US$1.5MMM Rio Alto acquisition) 228,800 3,800 – 4,100 50 km NW Retamas MARSA 193,600 2,500 – 3,200 60 km E
Parcoy Consorcio Minero Horizonte S.A. 218,240 2,600 – 3,000 60 km E Santa Rosa COMARSA 126,720 3,300 - 4,000 20 km NNW
Poderosa Cia. Minera Poderosa S.A. 17,600 2,500 75 km NNE La Virgen Cia. Minera San Simon S.A. 17,600 3,500 - 3,900 35 km NNW
LA VICTORIA CONCESSIONS
La Victoria Concessions
held by Tartisan’s
Peruvian subsidiary
Minera Tartisan Peru
SAC.
Neighbouring
concessions acquired
and/or expanded by BHP
Billiton, IAMGOLD among
others.
Concession between La
Victoria East and West
acquired, in concession
registration process.
Pending8
LA VICTORIA:
STRATIGRAPHIC POSITION
Deposit control is a function of lithological unit contacts and intrusive sequences that affect all deposits equally (Bussey & Nelson, 2011; top figure).
Note: South of La Victoria, the Pierina deposit, and Shahuindo, to the North, are hosted by
intrusive breccias crossing the Carhuaz Fm.
La Victoria is on the upthrown side of a major transcurrent fault (Romero & Quispe, undated; bottom figure).
Inset cross-section suggests La Victoria east of the HRFS is in Chimu Fm, above 2000 m
LA VICTORIA:
EXPLORATION WORK TO DATE
Built 10-km access road from Highway 3N to San Markito zone
Concluded topographic survey with geodesic benchmarks
Magnetic survey – 125 line km
IP survey – 34 line km
Spectral analysis study
Rock sampling – 900+ samples submitted for analysis to date
NI 43-101 Technical Report (2011)
Environmental Study & Permitting
Excellent corporate relations with local landowners and stakeholders.
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SEDIMENTARY HOSTED
EXPLORATION TARGETS
Diorite
Chimu
QFP
Chimu Fm (light green)
Chicama Fm (dark green)
15 NW-trending structural
discontinuities identified
within 1,300 m x 400 m zone
of hydrothermal breccia and
quartz/iron-oxide stockwork
veins – Lagunas Norte
lookalike.
Ag>Au with anomalous Pb,
As, Sb. Up to 1,814 ppm Ag
and 2.27 ppm Au from grab
samples.
Detailed mapping planned
including whole rock,
Rufina Pit Preliminary Target
•
2500m drilling planned;
•
190m strike potential zero
strip ratio;
•
Green square area of
continuous surface exposed
mineralization. Average of 18
surface samples 11.1 g/t gold.
Values to 46.4 g/t gold;
•
Phase I drill target 25.6MM
tonnes to road elevation;
LA VICTORIA PROJECT:
DEVELOPMENT STRATEGY
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Rufina East
New Mineralized Zone
•
Rufina, east of Pica fault; road outcrop.
•
Arsenopyrite; sphalerite; chalcopyrite.
Brecciated quartz, argillic alteration,
acid leaching, open space filling, drusy
quartz, brecciated chert. Recent values
63.8 g/t Au; 52.7 g/t Ag; 1.26% Cu
•
Brings value to zero-grade prestrip on
east pit highwall.
LA VICTORIA PROJECT:
DEVELOPMENT STRATEGY
QUEBEC – LEMOYNE NORTH
Lemoyne North Project (57 claims, 29 km2); La Grande Greenstone Belt, James Bay area.
Gold and base-metal
exploration district 100 km northeast of Eleonore Mine.
Hosts numerous gold and base-metal occurrences.
7 untested CARDS* gold targets. Bi-modal volcanic sequence,
syn-volcanic sericitic alteration reminiscent of Doyon/Bousquet deposits of Abitibi Greenstone Belt.
• CARDS (“Computer Aided Resource Detection System”) helps
mineral exploration professionals to identify areas with high probabilities of similarity to known areas of mineralization allowing prioritization of target areas early in the exploration/development process.
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Eastmain Greenstone Belt, James
Bay
area
of
north-western
Quebec.
Emerging gold and base-metal
exploration
district
around
Eleonore Mine (5.0 M oz. Au
Proven and Probable reserves),
Delta-Eastmain project – hosts
numerous
untested,
shallow
InfiniTEM point-anomalies (2008
airborne); favourable geology.
On-strike, 10 km west of Cu-Au
rich Reservoir (C-52 Zone) deposit
(Eastmain Resources).
Highly prospective for gold, VMS
base-metals and Cu-Ni, with
high-grade h
istoric and recent assay
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QUEBEC - DELTA / EASTMAIN
CARDS Au target CARDS Cu target
ELORO’S GOLDEN OPPORTUNITY
Experienced team with track records and ability to acquire, explore,
discover, develop, produce and manage high-merit projects.
Highly prospective gold/silver La Victoria Project in the North-Central
Mineral Belt of Peru.
Option to earn 60% by funding approximately C$1.2 M in exploration
by January 2019.
The last true Property in the Belt to have the size, geology, structural
elements, and archetypal intrusive suite to host a gold/silver deposit
comparable with others in the area.
Peru has a stable, responsible government with an open door to
foreign mining investment and repatriation of those investments.
Lemoyne North and Delta-Eastmain property (Quebec) - in the
emerging Eastmain Greenstone Belt district, near Eleonore Gold Mine,
and noteworthy Reservoir & Eau Clair deposits.
Toll Free: +1.800.360.8006 Tel.: +1.416.868.9168 Email: [email protected] Website: www.elororesources.com 17
Thank you!
• Lemoyne North Exploration Camp (most recent exploration program)
• Note: Patibal Gold Mine centre-right background and Santa Rosa Gold Mine (cleared area) behind Patibal
