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Eloro Resources ($ELO | $ELRRF) CEO Shares Iska Iska Project Origin Story

Nordic Funds Aug 6, 2026

Summary

Eloro Resources' CEO traces the Iska Iska project to New Pacific Metals pioneering Bolivian silver exploration in 2018.

Pan American Silver's backing of New Pacific Metals and Silvercorp's parallel interest signaled that brokers would underwrite Bolivian silver plays.

Dr. Bill Pearson connected Eloro with local geologist Dr. Osvaldo Arce, opening the door to the Iska Iska opportunity.

Eloro first got involved in 2019-2020, betting on a frontier volcano-hosted deposit that had never been proven.

Key points on Pan American Silver

  • The speaker identifies Ross Beatty of Pan American Silver as a backer of New Pacific Metals in the 2018 Bolivian pathfinder effort
  • The speaker treats Pan American Silver's backing as implicit validation of the Bolivian opportunity

Key points on Silvercorp Metals Inc

  • Listed alongside Pan American Silver as another silver producer that backed New Pacific Metals in Bolivia

Key points on New Pacific Metals

  • Described by the speaker as a very successful group that acted as the pathfinder in Bolivia in 2018
  • Backed by Ross Beatty of Pan American Silver and Silvercorp Metals
  • Bankers and brokers were buying into New Pacific Metals' Bolivian play, which drew the speaker's attention
  • The speaker followed New Pacific Metals into Bolivia and used the connection to reach out to Dr. Osvaldo Arce via Dr. Bill Pearson

Key points on Eloro Resources Ltd

  • The speaker first became involved with Eloro in 2019-2020 on the Iska Iska project, which had never been proven at the time
  • The project sits on a volcano in Southern Bolivia, framed by the speaker as risky but where the opportunity was
  • The speaker positioned Eloro's involvement as following the 2018 pathfinder work of New Pacific Metals
  • Momentum from the 2018 pathfinder backing led the speaker to contact Dr. Osvaldo Arce through Dr. Bill Pearson

Ross Beatty's takeaways

  • Top takeaway Identified by the speaker as being from Pan American Silver and as a backer of New Pacific Metals in the 2018 Bolivia pathfinder effort
  • The speaker's positive read on his backing helped validate the Bolivian opportunity