TORONTO, ONTARIO--(Marketwired - May 5, 2015) - Eloro Resources Ltd. (TSX VENTURE:ELO)(FRANKFURT:P2Q) ("Eloro" or the "Company") is pleased to announce that an initial site visit to the La Victoria Polymetallic Project in Ancash, Peru, has been completed. The site visit inaugurated Eloro's qualified commitment to a CAD$1.5MM investment in exploration and development on the La Victoria Polymetallic Project for a 50% earn-in from the current owner, Tartisan Resources Corp. The visit was hosted by Minera Tartisan SAC General Manager Mr. Luc Pigeon (M.Sc., P.Geo.) and Peruvian geoscientist Mr. Rolando Llacsa, accompanied by Eloro President, Mr. John Langton (M.Sc., P.Geo.) and Eloro Senior VP Mining, Mr. Jim Steel (MBA, P.Geo.).
About Eloro Resources Ltd.
Eloro is an exploration and mine development company with a portfolio of gold and base-metal properties in northern and western Quebec. Eloro has been granted an option to acquire a 50% interest in the La Victoria Polymetallic Property, located in the north-central mineral belt of Peru. The La Victoria Polymetallic Property is free of royalties and comprises nine mining concessions in two adjacent, non-contiguous blocks, encompassing approximately 35 square kilometres. The La Victoria Polymetallic Property is ideally situated with good road access, and nearby water and electricity sources. The Property is situated at altitudes ranging from 3,100 m to 4,300 m.
Information in this news release may contain forward-looking information. Statements containing forward-looking information express, as at the date of this news release, the Company's plans, estimates, forecasts, projections, expectations and beliefs as to future events or results, and are believed to be reasonable, based on information currently available to the Company. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Readers should not place undue reliance on forward-looking information.
Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.
Jim Steel (MBA, P.Geo.), a Qualified Person in the context of National Instrument 43-101, has reviewed and approved the technical content of this news release.