The playbook — silver · October 7, 2026
Eloro steps out at Iska Iska and widens its silver-tin system
Three step-out holes push three separate zones outward; the best hole, still in progress, cut 87 metres of 73 g/t silver.
Eloro Resources drilled three step-out holes at Iska Iska, its silver-tin project in Potosi Department, southern Bolivia, and all three hit. The headline hole, DSB-96, cut 87.10 metres grading 73.26 grams of silver per tonne — about two and a third ounces of silver in every tonne of rock — plus 0.18% tin, and inside that a near-surface 17.90 metres at 190.50 g/t silver and 0.45% tin. A second hole, DSB-94, returned 42.0 metres at 38.98 g/t silver, and a third, DSB-95, hit a thin 6.0 metres carrying 1.15 g/t gold, 8.07% zinc and 1.23% lead.
This is expansion drilling in a deposit that already carries an inferred resource, not a greenfield punt. The gram-metre math — grade multiplied by width, the rough measure of how much metal a hole found — puts DSB-96 at roughly 6,400 silver-gram-metres, strong by any standard, though still below the camp’s own best historic holes. The three holes genuinely push the system outward. DSB-96 steps out 70 metres south of prior hole DSB-61, with its mineralized interval sitting between about 35 and 110 metres below surface. DSB-94 steps out 78 metres northwest of DSB-87, with its headline intercept running approximately 248 to 290 metres below surface; DSB-95 steps out 91 metres northwest of DHK-31, with its headline intercept sitting approximately 112 to 117 metres below surface. These are separate collars, not a fan from one hole. True width is disclosed at roughly 80% of core length, and the QA/QC program — the sample-checking that keeps assays honest — is described in detail. The reward hasn’t shown in the stock: ELO slipped 4.3% over three months while junior silver peers gained 3.0% and silver itself eased 1.6%, a run to about 2.15 that rolled over.
What to watch: the rest of the Phase 1 assays, with the roughly 10,000-metre program due to finish by year-end 2026, and a Preliminary Economic Assessment the company has guided for Q4 2026. The honest caveats: DSB-96, the best hole, is incomplete — it was suspended for about 45 days over technical and logistic issues, so these are partial numbers. True width is one blanket 80% ratio, not hole-by-hole. No cut-off grade is stated, so the interval edges can’t be independently rebuilt. DSB-95’s high gold-zinc grades come in thin pockets, not continuity. And the QP, Dr. Osvaldo Arce, is an Eloro executive, not independent of the issuer.