Ann: Response to ASX Price and Volume Query, page-5

Eloro punters not overly impressed with no update either it seems - down to 83 cents.

Eloro is dual listed Canada & Germany. The Germans seem to be the only ones to get any sort of update on Feb 20th! No mention of EHX though.

https://www.goldseiten.de/artikel/3...a-Gold~Silber-Projekt-Exploration-Update.html

Google translation of most of it as follows::

This is a corporate update on the work of the exploration program and exploration drilling in progress at the La Victoria Gold / Silver Project in Ancash, Peru. 18 holes are planned; 9 are completed and one is in progress. Figure 1 shows the current state of drilling of the program​

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This picture shows the surface projections of the holes. Yellow holes are completed; Green holes are planned for the next phase of drilling, and at the time of this update, the white hole is in progress. Red lines are artisanal tunnels on the surface. The completed wells have confirmed the presence of an altered low sulphidation epithermal system. Sample nodal points, through their gold values, structures, and alterations, indicate what the topmost levels of this system are and allow the exploration team to head for the "boiling zone", where typically the highest gold values are found in an epithermal system.​

By analyzing the nodal points of the completed wells associated with mineralization events from a buried source, we know that the "boiling zone" must be at a height of less than 3,130 m. For this reason, the hole ERU-06 (white line, in progress) was planned. It is a 65-degree hole that will traverse the entire western portion of the Rufina Mineralization Zone at 3,097 meters above sea level to 2,587 meters above sea level. This hole will also pass under or near four different vein structures mined by the small mining companies.​

The alignments of all holes are mapped in real time as the well is drilled and after the well has been drilled. All structures that are intersected in each hole are known exactly in their orientation. This shows that the technical know-how in the field of well management is very high.​

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Eloro has been granted approval for new drill holes for drill holes 10 and 11 (see Figure 1) for deep wells in the Rufina area as well as for exploratory drilling in Ccori Orcco and La Victoria for initial drilling tests. Since this is only an amendment to a current approval, no new approvals are required. Approvals for these new platform sites are expected to be received in March.​

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At the same time, a new application for environmental approval, which will enable drilling in Victoria, Victoria South and San Markito with San Markito South, and which includes exploration success in the Ccori Orcco sector, is well underway. Recognized environmental consultants accompany the process. This Environmental Permit (Category II) allows the creation of 100 platforms, each with three holes. This approval is expected to be received in July 2018.​

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Fortunately they didn't mention the war - I just did but I think I got away with it okay!!​

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https://www.google.com.au/search?q=...kACXkQ_AUICigB#imgrc=ICQeoeJQFS7I-M:[/BCOLOR]​

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