Currently viewing Global edition

Tin, Eloro shine

The tin price rose and explorers including Eloro Resources were the market movers on drilling results.
Tin, Eloro shine Tin, Eloro shine Tin, Eloro shine Tin, Eloro shine Tin, Eloro shine

Team members at Eloro Resources’ Iska Iska project in Bolivia

Staff reporter

"Tin was the best performer, reaching a fresh six-year high on firm demand and falling inventories," Marex Spectron's Anna Stablum said yesterday from the LME desk, Singapore.

Bolivia-focused Eloro (TSXV: ELO) shone in Toronto, gaining 23.57% to close at a one-year high of C$3.25 on "phenomenal" results from its Iska Iska silver-polymetallic project.

The company reported intersecting 257.5m grading 129.6g/t silver-equivalent at the recently discovered Santa Barbara breccia pipe.

"A whole suit of metals including silver, zinc, lead, copper, tin, indium, bismuth and cadmium are present, exactly the sort of assemblage one would like to see in a prolific 'Potosi-type' deposit," senior technical advisor Dr Quinton Hennigh said.

Other companies to move on exploration results included Talon Metals (TSX: TLO), which gained 10.7% to a 52-week high of 62c on announcing the longest intersection of mixed massive sulphides at its Tamarack nickel project in Minnesota of 21.73m.

Osisko Mining (TSX: OSK) rose just 1.67% on yet more high-grade results from its Windfall project in Quebec, including 10.5m at 108g/t, with the announcement headlined "Osisko Mining Windfall infill drilling: insert superlative here…"

Finally, junior Pucara Gold (TSXV: TORO) halved, falling 50% to a one-year low of 33c, having reported results from 2020 drilling at its Lourdes project in Peru with the best result being 21m at 0.24g/t gold.