- Cartier Iron opted to change its name to Cartier Silver in October 2022, part of a wider pivot within its business plan
- The revamped company, which is both a sister company and minority shareholder in Eloro Resources (TSX: ELO), recently optioned 100% of the zinc-silver Los Chorrillos Project, within Bolivia’s Cerro Rico region
- The company, which boasts the same, experienced management team as Eloro Resources’, recently completed their initial capital raise of $3 million
- Proceeds from the capital raise will be used to finance initial exploration at the Los Chorillos site
In October 2022, when Cartier Iron made a dramatic pivot within its business and amended its name to Cartier Silver (CSE: CFE), few would have guessed the impact that the change could have resulted in only a few months down the road. As part of their pivot, Cartier Silver signed a $4.5 million deal to option 100% of the Bolivian-based silver and zinc-focused Los Chorrillos Project, consisting of adjoining sites, La Felicidad as well as the Gonalbert Project (https://ibn.fm/gON7B). Nestled in the foothills of Bolivia’s Pequeño Cerro Rico and a mere 12 kilometers away from sister company, Eloro Resources’ (TSX: ELO) (OTCQX: ELRRF) (FSE: P2QM) silver-tin polymetallic site, Iska iska, La Felicidad is located in the center of a prolific silver mining site.
Backed by the same management team as Eloro Resources, Cartier Silver now seeks to pursue a similar trajectory to that of its sister company, one which saw the latter company’s share price soar by nearly 29-fold between 2020 and 2021. Dr. Osvaldo Arce, renowned as one of Bolivia’s foremost geologists and…
NOTE TO INVESTORS: The latest news and updates relating to ELRRF are available in the company’s newsroom at https://ibn.fm/ELRRF
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