Eloro Resources Ltd., (TSX VENTURE:V.ELO) is pleased to announce that the ongoing reconnaissance geological mapping and sampling program has outlined a major new mineralized trend in the Victoria South area of the La Victoria Gold-Silver Project, Ancash Department, in the North-Central Mineral Belt of Peru. This mineralized area appears to be closely associated with the Puca Fault, a major northeast-southwest striking regional fault that is a likely feeder structure for multiple stages of epithermal gold-silver mineralization on the property (Figures 1, 2 and 3). Geologically the style of mineralization is similar to that of Rufina located approximately 1.7 kilometres to the southwest (Figures 1 and 3) and is the likely northern continuation.
Assays from an initial twenty-two rock chip samples returned encouraging results (Figure 2; Table 1):
33.02 grams gold per tonne (g Au/t) over 0.30 metres across a quartz vein with arsenopyrite and pyrite, in intrusive diorite;
8.02 g Au/t over 0.20 metres, in the intersection of a series of low-angle structures;
5.46 g Au/t Au gold across a 0.30-metre-wide quartz vein in altered diorite, with disseminated arsenopyrite and pyrite.
In addition to the higher-grade bonanza-style gold mineralization, significant results were also returned from limited sampling of the host breccia zones including 13.66 g Au/t over 1.10 metres, 2.73 g Au/t over 0.20 metres and 1.10 g Au/t over 0.60 metres. Much of the mineralized breccia is not well exposed and has been heavily oxidized hence trenching will be required to more accurately assess its potential.read more