Caldera Complex
Iska Iska is a major silver-tin polymetallic porphyry-epithermal complex associated with a Miocene collapsed/resurgent caldera, emplaced on Ordovician age rocks with major breccia pipes, dacitic domes and hydrothermal breccias.
The Complex extends along strike in a general NNW-SSE direction for at least 4km, a width of at least 2km and likely extends to a depth of more than 1km. Mineralization age is similar to Cerro Rico de Potosà and other major deposits such as San Vicente, Chorolque, Tasna and Tatasi located in the same geological trend.
Option Agreement
Definitive Option Agreement signed January 6, 2020
- Fully permitted for exploration drill program. Road accessible
- No fixed expenditure requirement
- No royalties on property
Eloro issued the Title Holder 250,000 common shares in February 2020 and as per the Definitive Option Agreement issued a further 250,000 common shares on January 6, 2022 and is required to pay US $10 million to the Title Holder, by July 25, 2025. To date, US $7.2 million has been paid in option payments, leaving a balance of US $2.8 million.
Eloro recently amended the Iska Iska option payment schedule and will pay US$1.15M to title holder by January 6th, 2026. Full details on the amended schedule can be found here.
