Hi all, by any measure a great day today. Here's a little more research which I hope should be of interest to everyone invested here.
Long known for it's low-cost gold producing mines such as Barrick Gold's - Lugunas Norte, Peru is also a paradise for junior explorers mindful of their exploration budgets.
Once drilled, the assays must be transferred by road to a laboratory in Lima, some 600 Kms south of the Eloro - La Victoria property.
Due to frequent El Nino weather events along the Pacific coast of South America, roads are often impassable due to flooding & landslides - a nightmare for miners.
However, some enterprising companies have overcome this problem by adopting the traditional method of moving cargo, unique to the Peruvian Andes:
The small but sturdy - Alpaca!
Alpaca with assay packs - 2010 (Photo courtesy of Anglo Ameri-con)
At this years Diggers & Dealers Convention in Kalgoorlie, one rumour doing the rounds among delegates was that Eloro were considering a lease option for a dozen of the said animals, which would include a human guide to prevent any of them inadvertently wandering off into the Amazonian jungle with the valuable assays!
In another development, an EHR Resources spokesman has today revealed the meaning behind the new company name.
He stated that the name 'EHR' was cleverly designed for all stages of the exploration cycle:
Pre drill - Eloro Hopeful Results
Post drill - Eloro Has Resources
JORC compliant - Eloro Huge Reserves
And for the long-term investor - Extra Heavy Returns
Sounds good to me - happy investing everyone!
Disclaimer: The information contained within this post is of a general nature only and should be read in conjunction with the fact that it's 'Al-Pac-a lies' and a complete waste of your day-trading time!!
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BDM Price at posting:
10.5¢ Sentiment: Buy Disclosure: Held
