SubPPT - Eloro Resources Ltd.

TSX-V: ELO
FSE: P2Q
EXPLORING LA VICTORIA PROJECT:
In the heart of Peru’s North Central Mineral Belt
January 2015
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
Certain information contained herein regarding Eloro Resources Ltd., including
management’s assessment of future plans and operations, may constitute forwardlooking statements under applicable securities law and necessarily involve risks,
including but not limited to risks associated with mining exploration, operating costs,
production costs, volatility of share prices, currency fluctuations, imprecision of
resource and reserve estimates, environmental risks and ability to access sufficient
capital from internal and external sources.
As a consequence, actual results may differ materially from those anticipated in any
forward looking statements. Plans, intentions or expectations disclosed in any forwardlooking statements or information should not be read as guarantees of future results or
events, and will not necessarily be accurate indications of whether or when or by
which such results or events will be achieved.
Except as required by law, Eloro Resources Ltd., expressly disclaims any intention and
undertakes no obligation to update any forward looking statements or information as
conditions change.
Any historical mineral resources mentioned are strictly historical in nature and are noncompliant to National Instrument 43-101 mineral resources and mineral reserves
standards, and should therefore not be relied upon. A qualified person has not done
sufficient work to upgrade or classify the historical mineral resources as current National
Instrument NI-43-101 compliant.
2
TSXV: ELO
Eloro Resources is an exploration and
mine development company with a
portfolio of gold and base-metal
properties in Peru and northern and
western Quebec.
The Company is focused on exploring
its recently optioned La Victoria
polymetallic property located in the
North-Central Mineral Belt of Peru.
La Victoria is a royalty-free property,
wholly-owned by Tartisan Resources
Corp. (CSE: TTC), consisting of nine
claims totaling 4,360 hectares. The
property has good infrastructure with
access to road, water and electricity.
La Victoria is located within 50 km of
several producing mines including: La
Arena owned by Rio Alto Mining Ltd.,
Lagunas Norte (Alto Chicama) owned
by Barrick Gold Corporation and
Santa Rosa owned by Compañia
Minera
Aurifera
Santa
Rosa
(COMARSA).
3
EXPERIENCED MANAGEMENT TEAM
Management
Board of Directors
Thomas Larsen
President and CEO
Thomas Larsen
Chairman
Miles Nagamatsu
Chief Financial Officer
Alex Horvath, P.Eng.
Director
Jorge Estepa
Vice President and Secretary-Treasurer
Francis Sauve
Director
Martin Bourgoin, P.Geo.
Executive Vice President
Dusan Berka, P. Eng.
Director
Richard Roy, P. Geo.
Director
4
SHARE STRUCTURE
Exchange/Ticker TSX Venture Exchange/ELO
Frankfurt Stock Exchange/P2Q (WKN A1JKAT)
Shares Issued and 12.05 million (Jan. 28, 2015)
Outstanding
Warrants 0.308 million (exercise price $10.00)
Options 1.168 million
Fully Diluted 13.53 million
Share Price $0.10 (Jan. 28, 2015)
Market Capitalization $1.2 million
5
LA VICTORIA - OPTION
• Definitive Option and Joint Venture
Agreement was signed with Tartisan
Resources Corp. in July 2014.
• Eloro can earn a 50% interest in La
Victoria by expending C$1.5 million
in staged exploration and work
expenditures and by making cash
payments to Tartisan totalling
C$150,000
(C$100,000
already
paid) – all by January 2019.
• Phase 1 exploration expenditure
requirement - C$250,000 by Jan.
2016
• La Victoria is a royalty-free
property, wholly-owned by Tartisan.
• Geological
setting,
similar
to
producing mines in the area,
presents excellent potential for
epithermal precious-metal and
porphyry-style
copper
mineralization.
6
LA VICTORIA - OPTION
 In the heart of the Ancash – La
Libertad mining area in the NorthCentral Mineral Belt of Peru.
 425 km N of Lima, 120 km E of
Trujillo at 3,100 m to 4,200 m
elevation.
 Peru has a stable, responsible
government with an open door to
foreign mining investment.
 Nearly $1 million in exploration
expenditures already incurred by
Tartisan to date.
 Three current target areas:
• San Markito –Victoria (Ag > Au)
• Rufina (Au ≈ Ag)
• Ccori Orcco (Ag, ±Cu)
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GOLD PRODUCERS
NORTH-CENTRAL MINERAL BELT, PERU
Mine
Company
Gold Production 2013 ozs.
Yanacocha
Lagunas Norte
Quiruvilca
Newmont/Buenaventura
Barrick
Southern Peaks
967,575
606,000
763,194 Ag
3,500 ‐ 4,500
3,700 ‐ 4,200
3,800
160 km NNW
50 km NW
50 km NW
Pierina
Barrick
97,000
4,100 ‐ 4,200
135 km SSE
La Arena
Rio Alto
228,800
3,800 – 4,100
50 km NW
Retamas
Parcoy
Santa Rosa
MARSA
Consorcio Minero Horizonte S.A.
COMARSA
193,600
218,240
126,720
2,500 – 3,200
2,600 – 3,000
3,300 ‐ 4,000
60 km E
60 km E
20 km NNW
Poderosa
Cia. Minera Poderosa S.A.
17,600
2,500
75 km NNE
La Virgen
Cia. Minera San Simon S.A.
17,600
3,500 ‐ 3,900
35 km NNW
Patibal
S.M.R.L. El Rosario de Belen
3,520
4,100
15 km NW
Elevation ASL (m)
Distance From La Victoria
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LA VICTORIA CONCESSIONS

La Victoria concessions
held
by
Tartisan’s
Peruvian
subsidiary
Minera Tartisan Peru SAC.

Neighbour
holdings
recently acquired and/or
expanded
by
BHPB,
IAMGOLD and others

Concession in the middle
of Tartisan’s properties
held by local individual.
Remate
IAMGOLD
Peru
BHP
Billito
n
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LA VICTORIA:
EXPLORATION WORK TO DATE

Constructed 10-km long
access
road
to
San
Markito zone

Topographic survey with
geodesic benchmarks

Magnetic survey – 125 line
km

IP survey – 34 line km

Spectral analysis study

Rock
sampling
(600+
samples
submitted
for
multi-element analysis)

Preparation of an NI 43101-compliant technical
report

Good Corporate Social
Responsibility track record
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SAN MARKITO – VICTORIA:
EXPLORATION TARGET

Silicified Chimu sandstones
at contact with Diorite and
QFP intrusives.

Total
of15
NW-trending
structures identified within
1,300 m x 400 m zone:
hydrothermal breccia and
stockwork quartz-iron oxide
veins.

Ag>Au with associated Pb,
As, Sb. Up to 1,814 g Ag/t,
2.273 g Au/t reported in
grab samples.

November 2013, 6 samples
returned up to 259 g Ag/t.
Diorite
Chimu
QFP
11
SAN MARKITO – VICTORIA:
EXPLORATION TARGET
NE
SW
4000m
SED
QFP
QP
IP chargeability target coincident with breccia/stockwork zone at San Markito (L 1425 N shown)
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SAN MARKITO – VICTORIA:
EXPLORATION TARGET

E-W trending
zone with
Ag>Au and associated Cu,
W, Mo (±Pb, As). Located
east of San Markito zone.

Within QFP and Diorite
intrusives
at
or
near
sedimentary contact.

Total of 13 vein structures
identified within 1000 m x
175 m zone.

Grab samples report up to
927 g Ag/t and 4.296 g Au/t.
Diorite
Chimu
QFP
13
RUFINA:
EXPLORATION TARGET

NNE-trending zone
exhibiting Au≈Ag and As
(±Cu, Mo, Sb).

Localized
intrusive.

Total of nine vein structures
identified within 1000 m x
500 m zone.

Up to 46.47 g Au/t and 95.2
g Ag/t reported in grab
samples.
within
Diorite
Diorite
Chimu
QFP
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CCORI ORCCO:
EXPLORATION TARGET
 Ccori Orcco
multi-phase
intrusion similar to Victoria, as
interpreted from magnetic
survey.
 Possible
porphyry-copper
style exploration target.
 Anomalous
Ag
values
associated with intrusive.
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CONCEPTUAL MODELS
RUFINA
SAN
MARKITO
VICTORIA
CCORI
ORCCO
After Corbett, 2007: Cotrols to iow Sulphidation epithermal Au-Ag mineralization
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LA VICTORIA PROJECT:
EXPLORATION STRATEGY
 Eloro option to fund exploration work over the
next four years: Jan. ‘16 - $250,000; Jan. ‘17 $350,000; Jan. ‘18 - $400,000; and Jan. ‘19 $500,000. Total: $1.5 M.
 Tartisan is project operator, overseen by joint
technical committee of Eloro and Tartisan.
 Phase 1: Drill program (min. 1,000 m) to test
San Markito IP target.
 Follow-up exploration phases to test other
known parts of the property area.
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QUEBEC – LAC HENRI

Visible
Gold
Mines
Inc.
announced the discovery in late
2014 of numerous metal-rich
boulders immediately adjacent
to Eloro’s Lac Henri property in
the Otish Mountains area of
north-central Quebec.

KM150
discovery
area
is
immediately adjacent to Lac
Henri.

Visible Gold Mines commenced
winter drilling program Jan. 2015.

Recent discoveries by Visible
Gold Mines have re-awakened
interest in the area (highly
prospective for gold, base metal
and platinum group elements,
diamondiferous kimberlites).
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ELORO’S OTHER
QUEBEC HOLDINGS
Royalty – Val D’Or • Eloro holds a 1.5% NSR on Monarques Resources Inc.’s
Area Properties
wholly-owned Simkar Gold, Tex-Sol, Regcourt, Plator I-V
(including the Simkar
properties and a 0.5% NSR on the Louvicourt property,
Gold Property)
all of which are located in the highly prospective Val
d’Or gold mining camp;
• Simkar is a former gold-producing underground mine;
geologically similar to the Sigma-Lamaque gold deposit
in Val-d’Or;
• Simkar contains NI 43-101 compliant Inferred Resource
of 57,325 ounces of gold (321,210 tonnes @ 4.76 gpt Au)
and Measured and Indicated Resource of 18,265
ounces of gold (110,140 tonnes @ 5.54 gpt Au) using a
3.0 gpt cutoff.
Delta/Eastmain • In the Eastmain Greenstone Belt (James Bay area,
Property
Quebec), 35 km south of Goldcorp’s Eleonore Gold
Project;
• Previous exploration work indicates potential for
economic Cu-Au-Zn-Ag mineralization.
Other Properties • Various early-stage base-metal exploration properties
in La Grande and Eastmain greenstone belts, northern
Quebec, including Summit Gabbre (optioned to Great
Lakes Graphite Inc.).
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ELORO’S GOLDEN OPPORTUNITY

Highly prospective La Victoria Project in the North-Central
Mineral Belt of Peru.

Eloro has an option to earn-in to 50/50 Joint Venture by
funding only $1.5 M in exploration over the next four years.

Geological setting, similar to producing mines in the area,
presents excellent potential for epithermal precious-metal
and porphyry-style copper mineralization.

Peru has a stable, responsible government with an open door
to foreign mining investment and repatriation of those
investments.

Experienced team with the proven ability to acquire, explore
and develop.

Lac Henri property in Quebec is immediately adjacent to
Visible Gold Mines recent discovery of polymetallic boulders

Only 12.05 million Eloro shares issued and outstanding.
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THANK YOU
Eloro Resources Ltd.
20 Adelaide Street East, Suite 200
Toronto, Ontario
CANADA M5C 2T6
Toll Free: +1.800.360.8006
Tel.: +1.416.868.9168
Email: info@elororesoureces.com
Website: www.elororesources.com