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Eloro Drills Significant Sulphide Mineralization at the Delta
Property in the James Bay Mining District
 Toronto, Canada, March 26, 2008 - Eloro
Resources Ltd. (TSX-V: ELO) (the "Company" or "Eloro")
is pleased to announce the first assay results from 8 holes of a 14 hole,
3,100 m drill campaign performed on the Company's wholly-owned Delta
Property. The Delta Property is located in the James Bay Mining District,
35 km southwest of Goldcorp's Eleonore Gold Project and 40 km west of
Eastmain Resources Clearwater Gold Deposit.
Drill hole D-07-1 intersected mineralization
below a surface copper showing at 110 m vertical depth and it returned 1.10% copper over 6.15 m and 2.87% copper over 4.35 m, including
10.15% copper over 1.15 m. Drill hole D-07-5, collared 100 m northwest of D-07-1, undercut hole
D-07-1 by 50 m and returned 0.75%
copper over 2.00 m, including a higher grade core containing 1.83% copper over 0.50 m.
Drill hole
D-07-3, located 500 m to the
northeast of D-07-1 and D-07-5 intersected at 140 m vertical depth below
surface, 2.13% zinc and 35.2 g/t
silver over 8.70 m, hosted
within a wider interval of 1.20%
zinc and 27.8 g/t silver over 17.50 m. Assay results are pending for
the remaining 6 holes (D-07-2, D-07-9, D-07-11 through D-07-14). The more
significant assay intervals* are outlined in the following table (follow link
by clicking here to view):
*Assays are pending for D-07-2 and
D-07-9, D-07-11 through D-07-14. There are no significant intersections
in D-07-4 and D-07-6 through D07-8 and D-07-10. A summary of assay
results to date can be accessed on the Eloro website at www.elororesources.com.
The drill core was logged, sampled, bagged, sealed and shipped to Actlabs
Laboratory in Toronto. The sample protocol at the laboratory is to bar
code upon reception, then the entire sample is crushed to a nominal minus
10 mesh (1.7 mm), mechanically split (riffle) to obtain a representative
sample, and then pulverized to at least 95% minus 150 mesh (106 microns).
All samples were analyzed using the Aqua Regia ICP-OES analytical method
to detect subtle trace element haloes as well as target mineralization.
Values measuring greater than 10,000 ppm were re-assayed by fire assay.� Assays are uncut and lengths are
measured along the core axis. QA/QC includes the insertion of blanks,
duplicates, and all assays are traceable to international reference
standards.
The current
drilling campaign tested the extensions of surface copper mineralization
identified by Eloro in 2006 (refer
to Eloro news releases dated October 24, 2006 and January 24, 2007)
and/or sulphide mineralization in historic drill holes, all linked to
ground InfiniTEMTM (electromagnetic) anomalies. The InfiniTEMTM
survey was completed in 2007 by Eloro, wherein a total of 9 highly
conductive anomalies were outlined that are now likely all associated to
sulphides based on the current drilling results. The Company plans more
drilling shortly, once all assays have been received and processed, to
extend the potential mineralization along strike and at depth.
The InfiniTEMTM anomalies
are located within a 1.4 km long Volcanogenic Massive Sulphide (VMS)
sequence of chert-magnetite-sulphide iron formation, altered volcanic
agglomerates, cherts, disseminated and semi-massive chalcopyrite-pyrite
stringers and veins, and disseminated magnetite-pyrite-chalcopyrite,
which was outlined by Eloro in 2006. Eloro's Delta Property VMS sequence
is typical of those hosting major copper-zinc-silver-gold bearing massive
sulphides in the Rouyn-Noranda, Louvicourt and Timmins Mining Camps
located more than 600 km to the south in the Abitibi Belt.
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