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) 7 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 8 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 9 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 10 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) 12 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 14 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. 15 CONCEPTUAL MODELS RUFINA SAN MARKITO VICTORIA CCORI ORCCO After Corbett, 2007: Cotrols to iow Sulphidation epithermal Au-Ag mineralization 16 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. 17 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). 18 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.). 19 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. 20 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: [email protected] Website: www.elororesources.com
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