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  • Pages
  • Editions
01 Cover
02 Welcome Letter / Sections
03 Article & Interview Directory
04 Section 1: Introduction
05 Introduction to Mining in Ontario
06 Government of Ontario Interview
07 Ontario Mining Association (OMA) Interview
08 Canadian Institute of Mining, Metallurgy and Petroleum (CIM) Interview
09 Navigating Uncertainty
10 Ormston List Frawley LLP Interview
11 PDAC Interview
12 Section 2: Production and Development in Ontario
13 Production in Ontario
14 Map of Ontario Mines
15 Newmont Interview
16 Barrick Gold Interview
17 Wesdome Gold Mines Interview
18 Alamos Gold Interview
19 Evolution Mining Interview
20 A New Wave of Ontario Gold Mines
21 Argonaut Gold Interview
22 Equinox Gold Interview
23 Industry Thoughts: Production and Development in Ontario
24 Section 3: Mining Finance
25 Mining Finance and Investment
26 Insights from the Toronto Stock Exchange
27 PearTree Securities Interview
28 Triple Flag Interview
29 Red Cloud Securities Interview
30 IBK Capital Interview
31 Stifel Interview
32 Roth Canada Interview
33 Industry Thoughts: Mining Finance Trends
34 Section 4: Toronto's Global Reach
35 Toronto’s Global Reach
36 Toronto's Global Reach Map
37 Rupert Resources Interview
38 Eloro Resources Interview
39 Industry Thoughts: Global Operations Based in Ontario
40 Eyes on Latin America
41 Torex Gold Resources Interview
42 Minera Alamos Interview
43 Sable Resources Interview
44 Section 5: Junior Exploration
45 Junior Exploration
46 Great Bear Resources Interview
47 Exploring Across Canada
48 O3 Mining Interview
49 Purepoint Uranium Group Interview
50 ALX Resources Interview
51 Industry Thoughts: Gold Juniors Have Their Say
52 Gold Juniors Replacing Depleting Resources
53 Moneta Gold Interview
54 Goldshore Resources Interview
55 Galleon Gold Interview
56 Element79 Gold Interview
57 Signature Resources Interview
58 Section 6: ESG and the Battery Materials Supply Chain
59 Transition Metals on the Rise
60 Conquest Resources Interview
61 Generation Mining Interview
62 Inventus Mining Interview
63 Noble Mineral Exploration Interview
64 The Move to Combat Climate Change Gathers Pace
65 Insights from Onyen Corporation
66 Thorn Associates Interview
67 Leading the Charge
68 Electra Battery Materials Interview
69 Frontier Lithium Interview
70 Industry Thoughts: Entering The Transition Economy
71 The Battery Material Supply Chain
72 ION Energy Interview
73 Clean Air Metals Interview
74 Section 7: Services, Technology and Innovation
75 Engineering, Construction & Consultancies
76 Ausenco Interview
77 Cementation Americas Interview
78 PCL Construction Interview
79 Redpath Mining Interview
80 Technological Advancements & Innovation
81 Industry Thoughts: Canadian Associations
82 EY Interview
83 Maestro Digital Mine Interview
84 Centric Mining Systems Interview
85 Industry Thoughts: OEMs Have Their Say
86 Drone Delivery Canada Interview
87 Sofvie Interview
88 Novamera Interview
89 Industry Thoughts: Paving the Way for ESG Reporting
90 Section 8: Company Profiles
91 Wesdome Company Profile
92 ION Energy Company Profile
93 PearTree Securities Company Profile
94 Ormston List Frawley Company Profile
95 Maestro Digital Mine Company Profile
96 Sofvie Company Profile
97 Credits

Tom Larsen, CEO,

Bill Pearson, Executive Vice President of Exploration,

ELORO RESOURCES

"The Bolivian mining industry is still in a place where they need outside expertise and that is where we are fortunate to be accepted in the country."

Can you provide some highlights from Eloro Resources’ operations over the past few years?

TL: Prior to our involvement at Iska Iska, our focus was La Victoria, a gold bearing low sulphidation epithermal system in North Central Peru. Notwithstanding the mineral potential of this system, it has been an arduous permitting process. We continue to work towards an official land rental agreement with the Pallasca community.

When did you close the Iska Iska deal?

TL: Eloro has until January 6th of 2024 to acquire a 99% interest in the project.

BP: We commenced our first drill program underground in September 2020 and have completed approximately 40,000 m to date. In November 2020, we discovered the presence of breccia pipes on site. These tend to occur in clusters and are typical of larger systems. Noting this, we followed that with a key drill result in late January of 257.5 m @ 126.8 oz Ag eq/t. To date, we have drilled 65 holes, and all have been mineralized. Our exploration success has allowed us to raise over C$30 million in equity the first quarter of 2021, which has funded our drill program to date. The company has no debt outstanding. Year round drilling with great infrastructure has helped with cost control. Our current focus is to bring out an inaugural 43-101 mineral resource report, but with continuously finding more mineralization, we will probably have it by Q2 2022.

Eloro is listed on various stock exchanges. How does each of the company’s listings compare to the TSX-V?

TL: Our main trading volumes are on the TSX-V and will likely continue to be that way in the near future. Our OTCQX gives Eloro more exposure to the US market, but has low trading volumes. Eloro has a solid European investor following, but also with relatively small volumes on our Frankfurt listing. One of the key milestones for 2022 is a maiden resource report and meeting the listing requirements of the TSX.

Can you elaborate on the Iska Iska project’s connectivity in terms of water and road access?

BP: One of the great aspects of the Iska Iska project is the location. Its proximity to Tupiza, a major mining town located 48 km north, provides an exceptional exploration base, but also is distanced enough to not infringe on the community. Roads are well maintained and water for drilling has not been an issue with the Tupiza river being close by. High voltage power is just 25 km away.

One of the next steps is an engineering review of the project and we have already had an initial site review. Can you speak to Bolivia as a mining destination?

TL: From our time in country, we have had no issues and continue to be extremely pleased with the reception we have received by the local community and the larger government bodies. Since Luis Arce came into office as president in 2020, we have not seen radical changes in any type of official mining code, but rather key incentives to encourage industrial and mining growth, such as the elimination of VAT when importing equipment. One advantage we possess is that we are dealing with a private owner, and we are working with two top Bolivian law firms who have been through many regimes. The Bolivian mining industry is still in a place where they need outside expertise and that is where we are fortunate to be accepted in the country.

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Industry Thoughts: Global Operations Based in Ontario