Eloro Resources Ltd. reports that Visible Gold Mines Inc. has recently announced the discovery of numerous metal-rich boulders immediately adjacent to Eloro's Lac Henri property in the Otish Mountains area of north central Québec.
High-grade gold-, silver-, copper-, and zinc-bearing boulders have been discovered near kilometre-markers KM105, KM107, KM147 and KM150 along provincial Route 167, which has been recently upgraded as part of Québec's "Plan Nord" to develop infrastructure in the province's northern regions.
The KM150 discovery area is immediately adjacent to Eloro's Lac Henri prospect, which comprises 7 contiguous claims along Route 167, from approximately KM150 to KM153 (see Figure below and Eloro website at www.elororesources.com for further information on the Lac Henri prospect). Work carried out in 2007 and 2008 by Icon Industries Limited, under an option agreement with Eloro, shows that strong magnetic response signatures, bounded by regional faults, strike northeast from the boulder field into the Lac Henri claims1,2.
To view the figure accompanying this press release, please visit the following link:
http://media3.marketwire.com/docs/983180.pdf
Route 167 was originally constructed as a haulage road between Chibougamau and the currently inactive Eastmain Gold Mine (kilometre marker KM175). This all-season road was recently upgraded and extended north to facilitate access to Stornoway Diamond Corporation's Renard Project - Québec's first diamond mine. Road construction was completed in October of 2014, at a cost of approximately $350 million dollars.
The upgrade to Route 167 and the recent discoveries by Visible Gold Mines Inc. have re-awakened interest in the area, which remains highly prospective for gold, base-metal and platinum group elements, as well as diamondiferous kimberlites.
Martin Bourgoin (P.Geo.), Executive Vice President Exploration for Eloro, and a qualified person (QP) under National Instrument 43-101, has approved the content of this release.
Source: http://www.elororesources.com/