Minera IRL LTD, die Goldader der Insider
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Alle grossen Investoren, die mit wenig Einsatz hohe Renditen erzielen sind bereits drin.
Ich nehme auch an, dass der letzte Report vom Aktio när sich mit genau dieser Aktie beschäftigt, die Randdaten die im frei zugänglichen Bereich zu lesen sind passen zumindest genau.
Die Unternehmenspräsentation ist hier zu finden, allein die sagt schon viel aus: http://www.minera-irl.com/Portals/1/pdfs/Lima%20Pres%20English.pdf
Dazu noch diese Pressemitteilung: http://in.reuters.com/article/...sUtilitiesNews/idINN1221404920100412
Der aktuelle Goldpreis und seine positiven Aussichten tun ihr übriges zum Steigen der Aktie.
Ab April wird sie dann auch im TSX gelistet, alles nur positve Aussichten.
Ich denke wer hier nicht einsteigt wird sich hinterher ärgern.
In dem Sinne erhoffe ich mir hier weitere beiträge von Interessenten und Investierten!
15.09.2010 | 13:03 Uhr | Rohstoff-Welt.de
Das peruanische Goldunternehmen Minera IRL Limited hat bei seinem Escondido Projekt im südamerikanischen Patagonien ein neues Gold- und Silbervorkommen entdeckt. Es liegt direkt neben der Calandria Sur Entdeckung von Mariana Resource Ltd. Ein erstes Bohrprogramm hat in 10 von 11 Fällen vererzte Brekzien gefunden, hier die besten Abschnitte:
• 25.38 m mit 1,45 g/t Au und 9,62 g/t Ag, darunter 13,75 m mit 2,39 g/t Au und 14,56 g/t Ag
• 100,0 m mit 1,19 g/t Au und 7,77 g/t Ag, darunter 48,00 m mit 1,71 g/t Au und 9,18 g/t Ag
• 120,4 m mit 0,65 g/t Au und 5,70 g/t Ag, darunter 14,70 m mit 1,30 g/t Au und 11,86 g/t Ag sowie 8,40 m mit 2,45 g/t Au und 8,31 g/t Ag
Courtney Chamberlain von Minera zeigte sich begeistert: "Wir sind sehr erfreut über die Ergebnisse der ersten Bohrung bei Escondido, die uns bedeutende oberflächennahe Abschnitte einer Gold- und Silbervererzung mit einer Streichlänge von über 600 m gebracht hat." Noch dieses Jahr soll ein größeres Bohrprogramm stattfinden.
quelle:http://www.rohstoff-welt.de/news/...-in-Gold-und-Silber-in-Patagonien
6.08.2010 08:01
Minera IRL Announces Second Quarter Financial Results
LONDON, UNITED KINGDOM -- (Marketwire) -- 08/16/10 -- Minera IRL Limited ("Minera IRL" or the "Company"), (TSX: IRL)(AIM: MIRL)(BVLAC: MIRL) the Latin American focused gold mining, development and exploration company, is pleased to announce its unaudited interim results for the 3-month period ended June 30, 2010 and its interim results for the six months ended June 30, 2010. All amounts are reported in US dollars.
Highlights for the quarter ended June 30, 2010 included:
-- Gold production above budget at 8,098 ounces (15,169 ounces for 6 months
to June 30, 2010) breites Grinsen
-- Sales revenue of US$10.0 million (US$18.3 million for 6 months to June
30, 2010) breites Grinsen
-- Average sales price US$1,201 per ounce in the second quarter Cool
-- Corihuarmi cash operating cost of US$365 per ounce (US$396 for the 6
months to June 30, 2010) breites Grinsen
-- EBITDA of US$3.9 million (Q2 2009 US$1.7 million) breites Grinsen
-- Profit before tax of US$3.0 million (Q2 2009 US$557,000) breites Grinsen breites Grinsen
-- Profit after tax of US$1.6 million (Q2 2009 US$234,000) breites Grinsen breites Grinsen
-- Cash balance of US$6.6 million at June 30, 2010 (June 30, 2009: US$ 5.1
million) breites Grinsen breites Grinsen
-- Rapid advancement on Ollachea Project Pre-Feasibility Study
-- Don Nicolas Feasibility Study progressing well
-- Extensive airborne geophysical survey carried out over Patagonia
exploration projects
-- Acquisition of new exploration project, Killincho, in southern Peru
-- $20 million debt facility put in place with Macquarie Bank
"Financial performance for the three months to June 30, 2010 was above expectations. Driven by above budget gold production at our Corihuarmi Gold Mine and a continuing strong gold price." stated Courtney Chamberlain Minera IRL Limited Executive Chairman. "The Pre-Feasibility Study at the Minapampa Zone, Ollachea Project in Peru and Feasibility Study on the Don Nicolas Project in Argentina are progressing well with two drill rigs carrying out in-fill drilling on each project. On the exploration front, we have completed a large airborne geophysical survey in Patagonia to better define and prioritize exploration targets including the new zone in Escondido. In Peru, early stage exploration commenced on the new Killincho Project."
This announcement is available from the Company's web site, www.minera-irl.com.
Minera IRL Limited is the AIM traded and TSX and BVL listed holding company of precious metals mining and exploration companies focused in Latin America. Minera IRL is led by an experienced senior management team with extensive industry experience, particularly in operating in South America. The Group operates the Corihuarmi Gold Mine and the emerging Ollachea Gold Project in Peru as well as the Don Nicolas Project in Argentina.
This press release was reviewed by Donald McIver, VP Exploration of the Company, MSc Exploration and Economic Geology, a Fellow of the Australian Institute of Mining and Metallurgy (AUSIMM), who is the designated Qualified Person for the purposes of National Instrument 43-101 and has approved the technical information in this press release.
Some of the statements contained in this release are forward-looking statements, such as estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties.
While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggestions herein. Except as required by applicable law or regulation, Minera IRL Limited does not intend to update any forward-looking statements to conform these statements to actual results.
Chairman's Statement
A high level of activity continued within the Minera IRL Group during the June quarter of 2010. Excellent results were achieved from our Corihuarmi Gold Mine, good progress has been made on the Pre-Feasibility Study on the Ollachea Project and the Feasibility Study on the Don Nicolas Project and there have been encouraging results from exploration in Peru and Argentina. Cool
The financial performance for the three months to 30 June 2010 was above expectations and an improvement on both the comparative second quarter of 2009 and the first quarter of 2010. Gold sales were a solid US$10.0 million on the back of a continuing strong gold price, with spot sales averaging US$1,201 per ounce. Gross profit was US$5.3 million and EBITDA US$3.9 million. Profit before tax was US$3.0 million and profit after tax was US$1.6 million. Each of these financial figures is significantly better than both the corresponding period in 2009 and the first quarter of 2010. The cash balance at the end of the quarter was US$6.6 million. breites Grinsen
Our Corihuarmi Gold Mine continues to perform very well with gold production of 8,098 ounces, approximately 10% above budget, bringing production for the first six months to 15,169 ounces. Mining activities were largely concentrated on the Susan outcrop. Cash operating costs averaged US$365 per ounce for the quarter thus reducing the average cash operating costs for the first six months to US$396 per ounce.
At the Ollachea Project in southern Peru, the Pre-Feasibility Study has made excellent progress and remains on schedule for completion during the first half of 2011. Infill drilling in the core Minapampa Zone with 2 rigs continued throughout the period with 32 of the 40 holes completed to date. This drilling is required to raise the resource confidence level to Measured and Indicated categories compliant with NI43-101 standards. Progress was also made on other aspects of the Pre-Feasibility Study including planning for an exploration tunnel into the deposit, metallurgical test-work, geotechnical evaluations and information gathering for the environmental baseline report. Drilling will revert to the new Concurayoc discovery, approximately 500 meters west of the Minapampa Zone, when the infill program is completed.
In Patagonia, good progress has been made on the Don Nicolas Feasibility Study, due for completion in 2011. Two drill rigs completed the infill and stepout drilling in late July on the Sulfuro Vein, one of the two principal deposits at Don Nicolas. This is to be followed by infill drilling on the Martinetas deposit. Other aspects of the Study, such as more metallurgical testing, geotechnical studies and a hydrology program are in progress.
Exploration continued at a number of projects. In the large tenement package in the Deseado Massif in Patagonia, a 4,500 line kilometer helicopter-borne magnetic and radiometric survey has been undertaken to fine tune existing exploration targets and locate new ones. Highly encouraging rock chip analysis and geophysical anomalies have identified drill targets on the 700 meter long outcropping breccia zone at Escondido, contiguous to Mariana Resources Las Calandrias discovery. Scout drilling commenced at the end of July. Good progress was also made in better understanding the undrilled 1.3 kilometer vein at Pan de Azucar with further confirmatory elevated gold outcrop samples obtained. In addition, a 300 meter long, gold anomalous, breccia envelope has been identified around the southern portion of the vein.
Results of a 12 hole, 4,856 meter reverse circulation drilling program were announced in July 2010 for the Bethania porphyry gold project, which is situated approximately 10 kilometers from Corihuarmi. Extensive intersections of low grade gold, copper and molybdenum mineralization were identified in six of the holes which provide substantial encouragement to continue exploring this large alteration zone. A new exploration project in southern Peru, known as Killincho, was acquired, and exploration commenced within a known gold producing area.
The planned drilling was completed at the La Falda Project in Chile and targeted geophysical IP anomalies and auriferous banded quartz veins considered to be associated with a gold porphyry system. Encouraging gold mineralization was encountered deeper in a number of holes which may link to a substantial, largely untested magnetic anomaly. However, further testing is beyond the current funding capacity of Minera IRL. As a result, the agreement with Catalina Resources was extended to 30 September 2010 to allow time to seek another party for the next phase of exploration.
Following the successful listing of Minera IRL on the Canadian TSX in April 2010, the Company sought to issue a tranche of equity to generate liquidity in the Canadian markets and to bolster working capital. However, deteriorating market conditions resulted in the suspension of this process in favour of a US$20 million debt facility provided by Macquarie Bank. These funds are to be used to advance rapidly the Ollachea and Don Nicolas projects toward development.
In closing, I would like to extend my appreciation to our outstanding team and to our loyal shareholders. BIN ICH EINER VON lecker Together, I believe we continue to build toward a bright and prosperous future.
Courtney Chamberlain
Executive Chairman
Minera IRL Limited 12 August 2010
© 2010 MarketWire
Der komplette Report unter http://www.finanznachrichten.de/nachrichten-2010-08/17700865…
Minera IRL Announces New Gold/Silver Discovery at its Escondido Project, Patagonia
LONDON, UNITED KINGDOM -- (Marketwire) -- 09/15/10 -- Minera IRL Limited ("Minera IRL" or the "Company"), (TSX: IRL)(AIM: MIRL)(BVL: MIRL) the Latin American focused gold mining, development and exploration company, is pleased to announce a new gold/silver discovery at its Escondido Project in Patagonia.
The exploration target is the extension onto the Minera IRL Escondido exploration license of neighboring Mariana Resource Ltd's (Mariana) Calandria Sur discovery. Minera IRL earlier announced a gold and silver anomalous outcropping breccia occurrence that has been mapped on surface for some 700 meters, generally over 100 meters wide, striking south east from the Mariana southern lease boundary.
Assay results from the first pass scout drilling program into the Northern Breccia Zone at Escondido have now been received. Ten of the eleven holes into the target area have intersected substantial zones of mineralized breccia. Best intersections are:
- E-D10-02 25.38 meters averaging 1.45 g/t gold and 9.62 g/t silver,
including 13.75 meters grading 2.39 g/t gold and 14.56 g/t
silver
- E-D10-03 100.0 meters averaging 1.19 g/t gold and 7.77 g/t silver,
including 48.00 meters grading 1.71 g/t gold and 9.18 g/t
silver
- E-D10-07 120.40 meters averaging 0.65 g/t gold and 5.70 g/t silver,
including 14.70 meters grading 1.30 g/t gold and 11.86 g/t
silver and 8.40 meters grading 2.45 g/t gold and 8.31 g/t
silver
"We are very excited with the results of this first round of drilling at Escondido which has demonstrated substantial, near surface intersections of gold/silver mineralization with a strike length exceeding 600 meters." stated Courtney Chamberlain Minera IRL Limited Executive Chairman. "This indicates the potential for a bulk tonnage development opportunity".
"While the Mariana team discovered this precious metal mineralized system, the Minera IRL drilling is a credit to our exploration team and represents a significant discovery on our ground. It has only been 6 months since work commenced on Escondido and the exploration program has advanced rapidly including geological mapping, surface geochemical sampling, geophysical investigations and scout drilling. The combined strike length of the Escondido/Calandria Sur mineralized breccia system controlled by the two companies now exceeds one kilometer."
Planning is under way for an expanded drilling program at Escondido before the end of 2010. In addition, pathfinder metallurgical testwork will be undertaken shortly.
Disseminated gold-silver breccia-hosted mineralization at Escondido is genetically related to a series of rhyolitic flow-dome feeder dykes. The rhyolite domes intrude a sequence of gently dipping volcaniclastic units which are also mineralized around the contact margins of the breccias.
Exploration has begun to utilize the recently acquired high-resolution helicopter borne magnetic-radiometric data, together with ASTER data, to identify additional areas on the property comparable to that of the explored northern breccia trend. The information is helping vector the Minera IRL Patagonia exploration team into the most potentially prospective parts of the rhyolitic dome complex developed on this tenement, for follow up geological mapping and possible geophysical IP work to define other targets for drill testing in the coming months.
A summary of the assay intersections is tabulated below.
--------------------------------------------------
Core Length
Hole From (m) To (m) (m) Gold g/t Silver g/t
--------------------------------------------------
E-D10-01 55.0 87.0 32.0 0.72 6.23
Including 57.0 72.55 15.55 1.08 10.88
--------------------------------------------------
E-D10-02 51.62 77.00 25.38 1.45 9.62
Including 55.25 69.0 13.75 2.39 14.56
--------------------------------------------------
E-D10-03 0 100.0 100.0 1.19 7.77
Including 52.0 100.0 48.0 1.71 9.18
--------------------------------------------------
E-D10-04 0 75.0 75.0 0.39 2.46
Including 7.55 24.0 16.45 0.95 2.61
--------------------------------------------------
E-D10-05 NSA(i)
--------------------------------------------------
E-D10-06 12.50 24.00 11.50 0.83 4.45
--------------------------------------------------
E-D10-07 7.3 127.7 120.4 0.65 5.70
Including 7.3 22.0 14.7 1.30 11.86
And 42.0 50.4 8.4 2.45 8.31
And 67.2 74.4 7.2 0.97 11.63
--------------------------------------------------
E-D10-09 0.18 25.5 25.32 0.75 8.73
Including 0.18 14.26 14.08 1.09 12.19
--------------------------------------------------
E-D10-10 43.80 49.40 5.60 0.77
69.00 90.25 21.25 0.46 6.43
And 3.09
--------------------------------------------------
E-D10-13 57.00 83.00 26.00 0.97 7.91
Including 72.00 83.00 11.00 1.32 10.34
--------------------------------------------------
E-D10-15 21.00 26.00 5.00 0.57 0.46
--------------------------------------------------
(i)NSA=No Significant Assay
Minera IRL's lease coverage in the Deseado Massif, the geological formation in Patagonia which is emerging as a major precious metals area, totals some 2,700 square kilometers, the third largest lease holding in the region. Minera IRL Patagonia is advancing other exploration projects, such as Pan de Azucar, where scout drilling is planned to commence in October.
Additional information, including plans, sections and detailed assay logs, is available from the Company's web site, www.minera-irl.com.
Minera IRL Limited is the AIM traded and TSX and BVL listed holding company of precious metals mining and exploration companies focused in Latin America. Minera IRL is led by an experienced senior management team with extensive industry experience, particularly in operating in South America. The Group operates the Corihuarmi Gold Mine and the emerging Ollachea Gold Project in Peru as well as the Don Nicolas Project in Argentina.
This press release was reviewed by Donald McIver, VP Exploration of the Company, MSc Exploration and Economic Geology, a Fellow of the Australian Institute of Mining and Metallurgy (AUSIMM), who is the designated Qualified Person for the purposes of National Instrument 43-101 and has approved the technical information in this press release.
Some of the statements contained in this release are forward-looking statements, such as estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties.
While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggestions herein. Except as required by applicable law or regulation, Minera IRL Limited does not intend to update any forward-looking statements to conform these statements to actual results.
Quality Assurance and Quality Control Procedures Disclosure
The Company has implemented a MIRL quality assurance/quality control (QA/QC) protocol on the Escondido Project to ensure best industry practice in sampling and analysis of exploration rock-chip samples, as well as D/d core samples. The insertion of field duplicates, certified standards and blank samples into the sample stream form part of the MIRL procedure (these act as an independent check on precision and accuracy in the analytical laboratory).
MIRL field personnel collect and track samples which are then security sealed and dispatched via specially contracted commercial transport to ALS Patagonia S.A. (ALS) Laboratories, Mendoza, Argentina for analysis. The ALS internal quality control system complies with the requirements for International Standards ISO 9001:2000 and ISO 17025: 1999.
ALS has no relationship or interest in MIRL or any of their projects.
The targeted mineralized structure is drilled by diamond drilling. The HQ drill core is logged, photographed and then split with one-half sent for analysis whilst the other half is stored at the project core-shed facility.
IRL exploration drill-core samples are analyzed by conventional 50g Fire Assay for gold (Au.AA24). Analytical gold responses above 10g/t are re-assayed applying the gravimetric process (Au-GRA22). Silver, as well as 35 additional elements, are analyzed by the ME-ICP41 process. Analytical accuracy and precision in the laboratory are monitored by the analysis of reagent blanks, reference material and replicate samples.
Assay results are reported once rigorous QAQC procedures have been approved.
Independent Audit Programs
MIRL, as a means of maintaining compliancy with international standards pertaining to the minerals industry resource evaluation procedure, regularly contracts the services of industry experts to conduct audits of established QAQC procedures.
During January 2009, Ph.D. Barry Smee conducted an audit on the Minera IRL quality control and core and blast-hole sampling protocol.
During January 2010, Dr. Smee followed up with a review of quality control data, the mine laboratory and reverse circulation wet sampling protocol.
During July 2010, Dr. Barry Smee conducted a quality assurance review of the Minera IRL Patagonia Core Sampling and QAQC protocol on its Don Nicolas Project.
Dr. Barry Smee is a geologist and geochemist, a member in good standing of the Association of Professional Engineers and Geoscientists of British Columbia and a full member of the Association of Exploration Geochemists. He has been practicing his profession for 40 years in Canada and abroad. He is a Qualified Person as defined under NI 43-101.
The Toronto Stock Exchange neither approves nor disapproves the information contained in this News Release.
Contacts:
Minera IRL Limited
Trish Kent
Vice President, Corporate Relations
+511 4181230
Collins Stewart (Nominated Adviser&Broker, London)
John Prior/Adam Miller
+ 44 (0)20 7523 8350
The Equicom Group Inc. (Investor Relations, Canada)
David Feick
+1 403 831 7557
The Equicom Group Inc. (Investor Relations, Canada)
Craig MacPhail
+1 416 815 0700 ext 290
Bankside Consultants (Financial PR, London)
Simon Rothschild/Louise Mason
+ 44 (0)20 7367 8888
© 2010 MarketWire
aber diesmal haben sie recht. kaufen und zurücklehnen. viel erfolg alllen investierten
Der Aktionär nr 37/10 S 32
Hohe Goldreserven - niedriger Preis
Anfang des 16. Jahrhunderts setzten die Spanier bei ihren Eroberungszügen in Südamerika alles daran, das sagenumwobene El Dorado, das Goldland im Norden Südamerikas, zu finden - ohne Erfolg. Erfolgreicher agieren knapp 500 Jahre später die Engländer, genauer gesagt die Manager der auf der Kanalinsel Jersey ansässigen Gesellschaft Minera IRL (WKN A0M P6A).
Das Unternehmen fördert bereits Gold in seiner Mine Corihuarmi. Und das mit Erfolg: Im ersten Halbjahr steigerte Minera die Produktion auf 15.169 Unzen, zu Cash-Kosten von nur noch 396 Dollar pro Unze. Der Umsatz kletterte um 37 Prozent auf 18,3 Millionen Dollar, während der Gewinn von 0,5 auf 1,8 Millionen Dollar mehr als verdreifacht werden konnte. Die Firma kommt dabei ihrem Ziel immer näher, in Corihuarmi jährlich 33.000 Unzen zu fördern.
Das Beste kommt noch
Die Corihuarmi-Mine dürfte allerdings bald von der argentinischen Produktionsstätte Don Nicolas in den Schatten gestellt werden. Dort soll ab 2012 mit der Förderung der 360.000 Unzen begonnen werden. Prunkstück Mineras ist die Liegenschaft Ollachea, die über Reserven von mehr als einer Million Unzen Gold verfügen dürfte. Minera erwartet, hier ab 2014 mit der Produktion zu beginnen. Jährlich will man dann 117.00 Unzen zu Kosten von weniger als 400 Dollar fördern. Darüber hinaus besitzt Minera IRL in Südamerika noch weitere vielversprechende Liegenschaften, die in den nächsten Jahren erschlossen werden sollen. In dieser Woche erfreute Minera seine Anteilseigner mit der Meldung, im argentinischen Escondido ein neues Gold- und Silbervorkommen entdeckt zu haben. Konzernchef Courtney Charles zeigte sich sehr erfreut: "Wir sind sehr erfreut über die Ergebnisse der ersten Bohrung bei Escondido, die uns bedeutende oberflächennahe Abschnitte einer Gold- und Silbervererzung mit einer Streichlänge von über 600 Meter gebracht hat."
Namhafte Großaktionäre
An eine goldene Zukunft für Minera IRL glauben offenbar auch zahlreiche namhafte Großaktionäre. So hält der weltgrößte Vermögensverwalter Blackrock derzeit mit 14 Prozent den zweitgrößten Anteil an dem Unternehmen (größter Anteilseigner ist der peruanische Staat mit 30 Prozent). Ebenfalls mit von der Partie sind JPMorgan oder die mit Minenunternehmen sehr erfahrene australische Großbank Macquarie.
Goldperle zum Schnäppchenpreis
Die Minera-Aktie, die dank der Meldung des Goldfundes in Escondido und des anziehenden Goldpreises jüngst aus ihrem Dornröschenschlaf erwacht ist, ist derzeit nur mit einem 2010er-KGV von 15 bewertet - viel zu wenig für einen profitablen Goldproduzenten, der noch über immenses Potenzial verfügt.
http://www.londonstockexchange.com/exchange/news/...=20100920SN000595
20 Sep 2010 - 07:00
TIDMMIRL
RNS Number : 9305S
Minera IRL Limited
20 September 2010
?
Minera IRL Update on Pan de Azucar Gold Exploration Project, Santa Cruz,
Patagonia
London, 20 September 2010: Minera IRL Limited ("Minera IRL" or the "Company"),
(TSX:IRL) (AIM:MIRL) (BVL:MIRL) the Latin American focused gold mining,
development and exploration company, is pleased to announce an update on the Pan
de Azucar Gold Project in Patagonia, Argentina.
"Pan de Azucar represents a high quality gold exploration project." stated
Courtney Chamberlain Minera IRL Limited Executive Chairman. "This recently
mapped fertile quartz vein structure with bonanza surface gold assays, up to 54
g/t from rock chip sampling, is supported by new high-resolution heliborne
magnetic-radiometric data. We now have a compelling target for the first round
of drilling which is scheduled to commence in mid-October."
Pan de Azucar represents a low-sulphidation epithermal vein system that outcrops
over a strike length of approximately 1.3 kilometers. Surface rock chip
sampling has returned numerous elevated gold values of up to 54g/t. The main
quartz-lode structure, up to 3 meters wide, is surrounded by a gold-silver
anomalous stockwork halo up to 35 meters thick.
Results from a recent heliborne geophysical survey clearly define a strong
northeast trending magnetic low anomaly associated with the outcropping vein
structure. This signature is consistent with other well-known epithermal vein
systems in the region.
Pan de Azucar is one of three known epithermal vein exploration projects, with a
total outcrop exceeding 9 kilometers in length, located within Minera IRL's
larger Chispas package of leases in Santa Cruz Province, Argentina. The
projects are situated within the geologically important Deseado Massif, an
emerging world-class epithermal vein province which hosts the Cerro Vanguardia,
Cerro Negro and Cerro Moro epithermal vein fields.
Minera IRL Patagonia holds exploration licenses over some 2,700 square
kilometers of prospective ground in the Deseado Massif which includes the
Company's Don Nicolas Project, currently undergoing a feasibility study, and the
recently announced Escondido discovery.
Additional information, including plans, surface assays and the magnetic
geophysical map, is available from the Company's web site, www.minera-irl.com.
http://www.finanznachrichten.de/...ten-aktien/minera-irl.asp#18006301
Wann findet das Baby endlich mehr Beachtung ???
Ich erwarte aber noch mehr, da ein extrem aussichtsreiches gebiet noch gar nicht eingepreist ist.
thread-anfang und viel erfolg uns beiden .-
Fundamental und hinsichtlich der Aussichten ist alles im Lot!
nochmal von heute der aktionär...ja, ich weiß:D
§
Zur News-Übersicht
11:15 Uhr
§
Minera IRL: Erfreuliche Erkenntnisse
Thorsten Küfner
Der Goldproduzent Minera IRL konnte seine Anteilseigner erneut mit guten Nachrichten erfreuen. Das Unternehmen gab bekannt, in einem der zahlreichen sich in der Entwicklung befindlichen Goldprojekte eine ergiebige Quarzader mit beträchtlichen Goldeinschlüssen entdeckt zu haben.
Bei Minera IRL läuft es derzeit wirklich rund: Erst in der vergangenen Woche konnte der Konzern vermelden, in dem Escondido-Vorkommen in Argentinien auf Gold und Silber gestoßen zu sein. Nun kann das auf Jersey ansässige Unternehmen erneut seine Aktionäre mit einer positiven Meldung erfreuen.
Positives Update zu Pan de Azucar
In dem argentinischen Projekt Pan de Azucar hat Minera IRL sehr positive Erkenntnisse erhalten. Demnach hat eine luftgestützte radiometrische Bodenvermessung eine sehr ergiebige Quarzader mit beträchtlichen Goldeinschlüssen von bis zu 54 Gramm pro Tonne aufgezeigt. Die ersten Bohrungen in dem Vorkommen sind für Mitte Oktober geplant. Pan de Azucar ist Teil eines Epithermaladernsystems. Es ist eines von drei Epithermalader-Explorationsprojekten Mineras in der argentinischen Provinz Santa Cruz.
Aktie bleibt heiß
Die Aktie von Minera IRL, dem Tipp des Tages vom 16.09. und der Spezialreport-Aktie aus "Kurz vor der Entdeckung - Südamerikas beste Goldaktie für 0,70 Euro", bleibt für mutige Anleger weiterhin ein Kauf. Das Unternehmen produziert bereits profitabel Gold in einer Mine und hat zahlreiche sehr vielversprechende Projekte in der Pipeline. Nicht umsonst haben sich unter anderem der weltgrößte Vermögensverwalter Blackrock (14 Prozent), JPMorgan und die australische Macquarie Group bereits positioniert. Das erste Kursziel lautet weiterhin 1,20 Euro, der Stoppkurs sollte auf 0,69 Euro nachgezogen werden.
Aktien-Reports
http://www.deraktionaer.de/xist4c/web/...se_id_261__dId_12573249_.htm
Minera IRL interview transcript with Courtney Chamberlain, Executive Chairman
http://www.proactiveinvestors.com.au/companies/...hairman--10373.html
Minera IRL Announces Significant Resource Upgrade, Ollachea Project, Peru
JUN 14, 2011 - 02:00 ET
LONDON, UNITED KINGDOM and TORONTO, ONTARIO--(Marketwire - June 14, 2011) - Minera IRL Limited ("Minera IRL" or the "Company"), (TSX:IRL)(AIM:MIRL)(BVLAC:MIRL) the Latin American focused gold mining, development and exploration company, is pleased to announce a significant resource upgrade at the contiguous Minapampa and Minapampa East Zones, Ollachea Project, Southern Peru.
Highlights:
Total Indicated Resource in the contiguous Minapampa and Minapampa East zones has been increased to 10.7 million tonnes grading 4.0g/t gold containing 1.4 million ounces, an increase of almost 20% in this category. An additional inventory of 3.3 million tonnes at a grade of 3.0g/t gold containing 0.3 million ounces remains in the Inferred category
Included within the above resource envelope, the higher grade core Indicated Resource has increased to 4.8 million tonnes grading 5.5g/t gold containing 0.8 million ounces
This upgrade largely reflects the positive in-fill drilling at Minapampa East where 0.2 million ounces at a grade of 3.9g/t gold was elevated to the Indicated category
The updated Indicated Resource will be used to establish Minable Reserves in the Pre-feasibility Study scheduled for completion in July
Drilling is continuing at the Concurayoc zone, approximately 300 meters to the west of Minapampa, where a maiden resource estimate is scheduled for release in the third quarter
"The in-fill drilling at Minapampa East has been most encouraging demonstrating strong continuity of the lenses at significantly higher grades than expected." said Courtney Chamberlain, Executive Chairman of Minera IRL. "We now have a robust resource over a strike of 900 meters in the Indicated Category containing 1.4 million ounces which is the basis for the Pre-feasibility study which is nearing completion. Taking into account the Concurayoc zone, where drilling is continuing, we are confident that our global resource inventory will exceed 2 million ounces in the near future. Beyond this, exploration upside is excellent with gold mineralization open-ended along strike in both directions as well as down-dip. Much of this will be explored by drilling from the planned underground exploration drive."
This update supersedes the Ollachea resource announcement of November 2010. Subsequent in-fill drilling at Minapampa East has resulted in the contained ounces in the Indicated category increasing by nearly 20% to 1.4 million ounces. In the process both tonnage and grade has increased. This increase was also assisted by an increase in the dry in-situ bulk density from 2.80 tonnes per cubic meter to 2.83 tonnes per cubic meter.
Indicated Mineral Resource applying a 2.0g/t gold cut-off
Zone Metric tonnes Grade – g/t gold Contained ounces
(Millions) (Millions)
Minapampa 9.3 4.0 1.2
Minapampa East 1.4 3.9 0.2
Total 10.7 4.0 1.4
Inferred Mineral Resource applying a 2.0g/t gold cut-off
Zone Metric tonnes Grade – g/t gold Contained ounces
(Millions) (Millions)
Minapampa 2.4 3.0 0.2
Minapampa East 0.9 3.0 0.1
Total 3.3 3.0 0.3
Included within the above resource envelope, the higher grade core Indicated Resource, using a 3.5g/t gold cut-off, has increased to 4.8 million tonnes grading 5.5g/t gold containing 0.8 million ounces.
This Canadian National Instrument NI43-101 compliant resource estimate was carried out by consultancy Coffey Mining over the Minapampa Zone and a contiguous strike extension known as Minapampa East. The estimate was based upon 88 diamond drill holes for 31,980 meters at Minapampa and 32 diamond drill holes for 14,424 meters at Minapampa East, for a combined 120 drill holes totalling 46,404 meters. The resource estimates apply a 2g/t gold bottom cut and top cutting as appropriate for each of the seven discrete gold-mineralized horizons, or "lenses" that have been defined to date.
Several of the most easterly holes drilled at Minapampa East, beyond which steep terrain precludes further drilling from surface, returned strong gold intersections including DDH11-148 with 7 meters grading 20.7g/t gold and DDH11-152 with 3 meters grading 27.2g/t gold. This augers well for future exploration of the eastern extension of the deposit from the planned underground exploration drive.
Resource Estimate Authorship and Methodology
The mineral resource estimate was prepared by Mr Doug Corley, Member of the Australian Institute of Geoscientists, Associate Resource Geologist in Resource Modelling with Coffey Mining Pty Ltd.
On the basis of the confidence levels of the key criteria that were considered during the resource estimation, the mineral resource estimates provided in this press release have been classified and reported in accordance with CIM guidelines and National Instrument NI.43-101.
The upgraded Ollachea resource estimate was based on 120 Minera Kuri Kullu S.A. (a subsidiary of Minera IRL) diamond drill holes totalling some 46,404 meters.
Minera Kuri Kullu senior exploration geologists and Minera IRL senior resource staff worked together in expediting representative 3-D geological-grade wireframe models defining the principal mineralized lenses at a lower cut of 1 g/t gold. The resulting in-situ geological-grade model, depicting the seven principal mineralized horizons discovered at Ollachea to date, was subsequently provided to Coffey Mining as a "guide" interpretation of the main mineralized components of the Ollachea orogenic gold deposit.
Prior to this, Mr Doug Corley conducted a field visit to the project site where he had the opportunity to interact with project geologists and related staff and to study the geology and associated mineralization in order to become familiar with the geological demeanour as well as continuity of grade distribution inherent to the Ollachea deposit.
Resource estimation methodology included completion using Ordinary Kriging for gold. The estimation was constrained within mineralized interpretations that were created with the assistance of the Minera Kuri Kullu and Minera IRL geological staff. The seven potentially economic gold mineralized domains were interpreted using closely spaced north-south oriented, vertical transversal sections based on a combination of detailed geological observations and gold grade information.
Competent Persons Statement
The preparation of the technical information contained herein was supervised by Donald McIver, VP Exploration of the Company, MSc Exploration and Economic Geology, a Fellow of the Australian Institute of Mining and Metallurgy (AUSIMM), who is recognized as a Qualified Person for the purposes of National Instrument 43-101, and who has reviewed and approved the technical information in this press release.
Minera IRL Limited is the TSX, AIM and BVL, Lima listed holding company of precious metals mining and exploration companies focused in Latin America. Minera IRL is led by an experienced senior management team with extensive industry experience, particularly in operating in South America. The Group operates the Corihuarmi Gold Mine and the emerging Ollachea Gold Project in Peru as well as the Don Nicolas Project in Argentina.
Some of the statements contained in this release are forward-looking statements, such as estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties.
While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggestions herein. Except as required by applicable law or regulation, Minera IRL Limited does not intend to update any forward-looking statements to conform these statements to actual results.
Quality Assurance and Quality Control Procedures Disclosure
The Company has implemented and maintains a Minera IRL quality assurance/quality control (QA/QC) protocol on the Ollachea Project to ensure best industry practice in sampling and analysis of exploration and resource drill core samples. The insertion of field duplicates, certified standards and blank samples into the sample stream form part of the MIRL procedure (these act as an independent check on contamination, precision and accuracy in the analytical laboratory).
Assay results are reported once rigorous QAQC procedures have been approved.
Independent Audit Programs
Towards maintaining compliancy with international standards as they pertain to the minerals industry resource evaluation and estimation procedure, MIRL regularly contracts the services of industry experts to conduct detailed audits of established QAQC procedures.
The Toronto Stock Exchange neither approves nor disapproves the information contained in this News Release.
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Minera IRL Announces Disclosure Update
| The Company's current mineral resource inventory, consistent with the previously reported resource statements, is as follows: | |||||||||
| Project | Measured | Indicated | Inferred | ||||||
| Tonnes (kt) | Grade (g/t gold) | Gold (koz) | Tonnes (kt) | Grade (g/t gold) | Gold (koz) | Tonnes (kt) | Grade (g/t gold) | Gold (koz) | |
| Corhuarmi | 3,964 | 0.51 | 65 | 8 | 0.32 | 0.1 | 3,765 | 0.45 | 55 |
| Ollachea | - | - | - | 10,700 | 4.0 | 1,378 | 3,300 | 3.0 | 326 |
| Don Nicolas | 260 | 9.0 | 75 | 871 | 5.39 | 157 | 1,290 | 4.48 | 185 |
| Total | 4,224 | 1.03 | 140 | 11,579 | 4.12 | 1,535 | 8,355 | 2.11 | 566 |
| Note: |
- Corihuarmi & Ollachea Mineral Resource prepared by Coffey Mining Pty Ltd. For calculation parameters refer to NI 43-101 Technical reports on SEDAR. Ollachea Mineral Resource as at June 14, 2011
- Don Nicolas Mineral Resource as at April 1, 2010 prepared by Runge Limited and Coffey Mining Pty Ltd. For calculation parameters refer to NI 43-101 Technical report on SEDAR.
- Corihuarmi Mineral Resource based on Mineral Resource as at 31 December 2009 less 2010 depletion. Corihuarmi inferred Resource is based on scree deposit as at 28 February 2010.
Competent Persons Statement
The preparation of the technical information contained herein was supervised by Donald McIver, VP Exploration of the Company, MSc Exploration and Economic Geology, a Fellow of the Australian Institute of Mining and Metallurgy (AUSIMM), who is recognized as a Qualified Person for the purposes of National Instrument 43-101, and who has reviewed and approved the technical information in this press release.
Minera IRL Limited is the TSX, AIM and BVL, Lima listed holding company of precious metals mining and exploration companies focused in Latin America. Minera IRL is led by an experienced senior management team with extensive industry experience, particularly in operating in South America. The Group operates the Corihuarmi Gold Mine and the emerging Ollachea Gold Project in Peru as well as the Don Nicolas Project in Argentina.
Some of the statements contained in this release may be forward-looking statements, such as statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties.
While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggestions herein. Except as required by applicable law, Minera IRL Limited does not intend to update any forward-looking statements to conform these statements to actual results.
The Toronto Stock Exchange neither approves nor disapproves the information contained in this News Release.
Minera IRL
Trish Kent
Vice President, Corporate Relations
+511 4181230
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| Hole | Intercept | Assay – g/t | Gold | |||||
| Zone | Type | Number | From | To | Meters | Au | Ag | Equivalent |
| g/t* | ||||||||
| NW | Vein | E-D10-026 | 89.30 | 90.00 | 0.70 | 136 | 157 | 139 |
| NW | Bulk | E-D11-052 | 24.80 | 41.00 | 16.20 | 2.05 | 7.4 | 2.20 |
| including | 38.35 | 40.30 | 1.95 | 10.0 | 14.4 | 10.3 | ||
| NW | Bulk | E-D11-053 | 38.95 | 58.60 | 19.65 | 2.43 | 10.4 | 2.64 |
| including | 38.95 | 41.50 | 2.55 | 9.55 | 51.6 | 10.6 | ||
| NW | Bulk | E-D11-055 | 42.80 | 67.00 | 24.20 | 1.16 | 6.1 | 1.28 |
| Including | 48.80 | 54.10 | 5.30 | 2.48 | 8.1 | 2.64 | ||
| NW | Bulk | E-D11-057 | 28.40 | 72.00 | 43.60 | 0.84 | 6.8 | 0.98 |
| SE | Vein | E-D11-036 | 68.70 | 78.90 | 10.20 | 0.17 | 76.1 | 1.69 |
| SE | Vein | E-D11-037 | 54.00 | 58.20 | 4.20 | 1.63 | 663 | 14.9 |
| Including | 56.00 | 56.55 | 0.55 | 4.16 | 1,250 | 29.2 | ||
| SE | Vein | E-D11-039 | 37.60 | 41.00 | 3.40 | 0.71 | 193 | 4.57 |
| Including | 40.00 | 41.00 | 1.00 | 1.19 | 509 | 11.4 | ||
| SE | Bulk | E-D11-058 | 130.00 | 146.00 | 16.00 | 0.28 | 63.7 | 1.55 |
| *Gold equivalent grade is calculated by dividing the silver value by 50 and adding this to the gold value. |
Additional information on Escondido, including plans and drill sections as well as the extended geophysical images, can be found on the Minera IRL website.
In addition, Minera IRL continues to advance the Don Nicolas feasibility study and is actively exploring a number of highly promising grass roots precious metal prospects that are also located within the company's 2,700 square kilometre lease holding in Patagonia.
Competent Persons Statement
The preparation of the technical information contained herein was supervised by Donald McIver, VP Exploration of the Company, MSc Exploration and Economic Geology, a Fellow of the Australian Institute of Mining and Metallurgy (AUSIMM), who is recognized as a Qualified Person for the purposes of National Instrument 43-101, and who has reviewed and approved the technical information in this press release.
Minera IRL Limited is the AIM traded and TSX and BVL listed holding company of precious metals mining and exploration companies focused in Latin America. Minera IRL is led by an experienced senior management team with extensive industry experience, particularly in operating in South America. The Group operates the Corihuarmi Gold Mine and the emerging Ollachea Gold Project in Peru as well as the advanced Don Nicolas Project in Argentina. For more information, please visit www.minera-irl.com.
Some of the statements contained in this release are forward-looking statements, such as estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties.
While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggestions herein. Except as required by applicable law or regulation, Minera IRL Limited does not intend to update any forward-looking statements to conform these statements to actual results.
Quality Assurance and Quality Control Procedures Disclosure
The Company has implemented and maintains a Minera IRL quality assurance/quality control (QA/QC) protocol on its projects to ensure best industry practice in sampling and analysis of exploration and resource definition samples. The insertion of field duplicates, certified standards and blank samples into the sample stream form part of the MIRL procedure (these act as an independent check on contamination, precision and accuracy in the analytical laboratory).
Assay results are reported once rigorous QAQC procedures have been approved.
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| Parameter | Units | Key performance indicator | |||
| Mine life | Years | 9 | |||
| Tonnes | Mt | 9.5 | |||
| Grade | g/t Au | 3.65 | |||
| Contained ounces | Moz | 1.11 | |||
| Metallurgical extraction | % | 91.3 | |||
| Ounces produced | Moz | 1.01 | |||
| Pre-production capital cost | $M | 170 | |||
| Life-of-Mine cash operating cost | $/t | 46.7 | |||
| Life-of-Mine cash operating cost | $/oz | 436 | |||
| Gold price assumption | $/oz | 1,100 | |||
| Pre-tax | Post-tax | ||||
| Project cash flow | $M | 419 | 280 | ||
| NPV at 5% real | $M | 271 | 167 | ||
| NPV at 7% real | $M | 226 | 133 | ||
| NPV at 10% real | $M | 170 | 91 | ||
| IRR (real) | % | 28.1 | 20.5 | ||
| Note: | |||||
| 1. | $ represents US dollars | ||||
| 2. | Costs are in 2Q 2011 $. | ||||
| 3. | NPV as at commence of construction. | ||||
| 4. | Post tax is before Workers' Participation Profit of 8% and Corporate Income Tax of 30%. |
The Canadian National Instrument 43-101 documentation will be filed within the 45 day compliance period.
Based upon these positive results, the Company is embarking upon a Bankable Feasibility Study. This is expected to be completed during the second half of 2012. Consideration is currently being given to commencing a 1.3 kilometre long exploration tunnel into the orebody. This will facilitate underground exploration drilling of approximately one kilometre of eastern strike of the mineralization not conducive to drilling from surface due to steep mountain terrain. The most easterly holes drilled from surface intersected high grade gold mineralization giving the Company strong encouragement for drilling success from underground in this eastern zone. A maiden Inferred Resource at the Concurayoc Zone, approximately 500 meters west of Minapampa, is scheduled to be released to the market later in the third quarter.
Competent Persons Statement
The preparation of the technical information contained herein was supervised by Courtney Chamberlain, Executive Chairman, BSc and MSc Metallurgical Engineering, a Fellow of the Australian Institute of Mining and Metallurgy (AUSIMM), who is recognized as a Qualified Person for the purposes of National Instrument 43-101, and who has reviewed and approved the technical information in this press release. Also by Donald McIver, VP Exploration of the Company, MSc Exploration and Economic Geology, a Fellow of the Australian Institute of Mining and Metallurgy (AUSIMM), who is recognized as a Qualified Person for the purposes of National Instrument 43-101, and who has reviewed and approved the resource information in this press release.
Minera IRL Limited is the AIM traded and TSX and BVL listed holding company of precious metals mining and exploration companies focused in Latin America. Minera IRL is led by an experienced senior management team with extensive industry experience, particularly in operating in South America. The Group operates the Corihuarmi Gold Mine and the emerging Ollachea Gold Project in Peru as well as the advanced Don Nicolas Project in Argentina. For more information, please visit www.minera-irl.com.
Some of the statements contained in this release are forward-looking statements, such as estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties.
While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggestions herein. Except as required by applicable law or regulation, Minera IRL Limited does not intend to update any forward-looking statements to conform these statements to actual results.
Quality Assurance and Quality Control Procedures Disclosure
The Company has implemented and maintains a Minera IRL quality assurance/quality control (QA/QC) protocol on its projects to ensure best industry practice in sampling and analysis of exploration and resource definition samples. The insertion of field duplicates, certified standards and blank samples into the sample stream form part of the MIRL procedure (these act as an independent check on contamination, precision and accuracy in the analytical laboratory).
Assay results are reported once rigorous QAQC procedures have been approved.
Independent Audit Programs
Towards maintaining compliancy with international standards as they pertain to the minerals industry resource evaluation and estimation procedure, MIRL regularly contracts the services of industry experts to conduct detailed audits of established QAQC procedures.
The Toronto Stock Exchange neither approves nor disapproves the information contained in this News Release.
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Minera IRL Announces Community Endorsement, Ollachea Project, Peru
JUL 21, 2011 - 02:00 ET
LONDON, UNITED KINGDOM and TORONTO, ONTARIO--(Marketwire - July 21, 2011) - Minera IRL Limited ("Minera IRL" or the "Company"), (TSX:IRL)(AIM:MIRL)(BVLAC:MIRL) the Latin American gold mining company, is pleased to announce that an Ollachea general assembly meeting has fully endorsed the progression of the Ollachea Project. This follows the announcement by the Company of a positive Pre-feasibility Study on the Ollachea Gold Project to develop an integrated underground mine and treatment facility to produce over 100,000 oz per annum of gold.
"I am delighted to advise that we have overwhelming support from the community for our project," commented Courtney Chamberlain, Executive Chairman. "This endorsement is a result of almost 5 years of working with our partner, the Community of Ollachea, and reflects firstly, their belief in the benefits of socially and environmentally responsible mining development and secondly, the efforts of our outstanding community relations team led by Dr Diego Benavides. The resolution by community members of Ollachea endorses the orderly progression of the project through to production, including the development of an exploration tunnel."
Minera IRL, through its 100% owned subsidiary Minera Kuri Kullu (MKK), has implemented many community health, education and sustainable development programmes. MKK implemented the first Agreement in Peru in negotiation with the community of Ollachea whereby they will become a 5% equity participant in MKK upon achieving commercial production. As a result, the community is an active partner which will also benefit from the commercial success of the project.
With the completion of the Pre-feasibility Study, the Company will now progress to the Bankable Feasibility Study. Permitting from the Peruvian authorities has been received for a 1.3km exploration drive to access the orebody and final planning for the initiation is underway. This will allow for exploration of the approximately 1km of eastern strike extent of the mineralization by underground diamond drilling.
The Letter of Endorsement of the Ollachea Project from the Community of Ollachea can be found on the Company's website www.minera-irl.com.
Minera IRL Limited is the AIM traded and TSX and BVL listed holding company of precious metals mining and exploration companies focused in Latin America. Minera IRL is led by an experienced senior management team with extensive industry experience, particularly in operating in South America. The Group operates the Corihuarmi Gold Mine and the emerging Ollachea Gold Project in Peru as well as the advanced Don Nicolas Project in Argentina. For more information, please visit www.minera-irl.com.
Some of the statements contained in this release are forward-looking statements, such as estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties.
While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggestions herein. Except as required by applicable law or regulation, Minera IRL Limited does not intend to update any forward-looking statements to conform these statements to actual results.
The Toronto Stock Exchange neither approves nor disapproves the information contained in this News Release.
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| Ollachea, July 17 2011 | |
| Dr. Diego Benavides | |
| President of Minera Kuri Kullu S.A. | |
| Honorary Community Member of Ollachea |
Convinced that mining operations can contribute to the sustainable economic development of the areas in which they are carried out, the Community of Ollachea ratifies it's support of Minera Kuri Kullu, subsidiary of Minera IRL, and to continue working together as partners in the social, environmental and mining development of Ollachea.
Ollachea is a community in the province of Carabaya, in the Puno region, in southern Peru. Four years ago, a Surface Land Usage Contract and an Artisanal Mining Exploitation Contract were signed between the Community of Ollachea and Minera Kuri Kullu, thereby beginning a strategic partnership to bring more employment opportunities, direct income, development of social programs to the community in general, and technical assistance in order to formalize the working and environmental practices of the local artisanal miners.
The Community of Ollachea aspires to increase and improve development opportunities for it's inhabitants, particularly its youth, through the multiple possibilities that represent the beginning of production of a mining project. We salute the progress of the exploration and the beginning of the Feasibility Stage of Minera Kuri Kullu's Ollachea Gold Project.
In a General Community Assembly, on the 17th of this month, the Community of Ollachea were informed of and are backing, the development of the mining exploration tunnel that will allow Minera Kuri Kullu to confirm resources in order to then move towards the production phase of a future mine.
During the Assembly, the Community and the Company also agreed to back the development and improvement of local technical capacities and to promote the generation of service companies capable of being integrated into the activities required for the execution of the project's feasibility.
In Ollachea we recognize our growth potential and the opportunity we have today of becoming a model Peruvian community supporting investment and working in partnership with a mining company.
Signed by the President of the Campesino Community of Ollachea, Edwin Tito Checmapuco
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Minera IRL Limited Company Structure
Minera IRL Limited together with its subsidiaries (the "Group") is a Latin American precious metals mining, development and exploration company. Managed by a team of experienced mining executives, the Group's business was privately funded from inception in 2000 until listing on the London AIM Market in April 2007. Minera IRL Limited is currently quoted on the Toronto Stock Exchange (TSX:IRL), London AIM (AIM:MIRL) and Lima, Peru (BVL:MIRL) stock exchanges.
The Group operates the Corihuarmi Gold Mine, is in prefeasibility stage at its Ollachea proyect (both in Peru) and is undertaking a feasibility study in the Don Nicolas gold project in Patagonia, Argentina.
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Hier steck ein ware Goldmine Aus Siver und Gold die Reserven sind gewaltig und schaut euch mal wer da alles investiert ist,
viel spaß und vor allen viel Glück 
sind unter anderen die geringe Produktionskosten und vor allem was jetzt noch alles kommt ;-)
Highlights:
Total Indicated Resource in the contiguous Minapampa and Minapampa East zones has been increased to 10.7 million tonnes grading 4.0g/t gold containing 1.4 million ounces, an increase of almost 20% in this category. An additional inventory of 3.3 million tonnes at a grade of 3.0g/t gold containing 0.3 million ounces remains in the Inferred category