Minera IRL Announces Additional Gold Prospect at Corihuarmi
August 31 2022 - 6:00AM
Minera IRL Announces Additional Gold Prospect at Corihuarmi
Minera IRL Limited (
“Minera”, the
“Company” or
“we”) (BVL:MIRL)
(CSE:MIRL) (FWB:DZX) is pleased to announce that ongoing
geotechnical efforts have identified a new exploration target
located within the concessions of the Company’s producing
Corihuarmi Gold Mine (“
Corihuarmi”).
Corihuarmi started commercial production in 2008
based on an initial feasibility study completed in 2006. With an
original estimated life span of only four years, Corihuarmi
continues to generate significant revenue and cash flow, with
production during 2021 of almost 25,000 ounces of gold from the
project’s 9,830 hectares of mining concessions. Recently, the
Company has focused its exploration efforts on a promising prospect
area named Chantal (“Chantal”), located at the
northwest limit of the current operating area at the mine.
Chantal has been subject to preliminary mapping,
sampling and analysis work, and has produced favorable initial
results. This has triggered the Company’s decision to pursue
additional exploratory activities in this area as part of its plan
to further extend the estimated life of Corihuarmi. The Company
expects to provide more details on these efforts as they
progress.
About Minera IRL Limited
Minera IRL Limited is the CSE, BVL and FWB
listed holding company of Minera IRL S.A. and Compañía Minera Kuri
Kullu S.A., two precious metal mining companies engaged in mining
exploration, development, and operations in Peru, with a primary
focus on gold. Minera is led by an agile and experienced senior
management team with extensive mining industry experience,
particularly in South America. Minera operates the Corihuarmi Gold
Mine located 5,000 meters above sea level in Central Peru while
assessing opportunities to advance its Ollachea Gold Project
located in the Department of Puno, Southern Peru. For more
information, please visit www.minera-irl.com.
On behalf of the Board of Directors of
Minera IRL Limited
Gerardo PerezExecutive Chairman
Diego BenavidesCEO and Director
FOR FURTHER INFORMATION, PLEASE CONTACT:
Minera IRL Limited
Pedro ValdezHead of Investor Relations+51 1 418
– 1230
Susan GabbieManager, Communications+51 1 418 -
1230
No stock exchange, securities commission or
other regulatory authority has approved or disapproved the
information contained in this news release.
Cautionary Statement on Forward-Looking
Information
Certain information in this press release
constitutes “forward-looking statements.” Forward-looking
statements are based on assumptions. While management believes
these assumptions and statements are reasonable in context,
forward-looking statements are inherently subject to political,
legal, regulatory, business, environmental and economic risks and
competitive uncertainties and contingencies. Forward-looking
statements in this press release include those concerning the
Company’s plans to pursue additional exploration activities at
Corihuarmi, its plan to extend the estimated life of Corihuarmi,
its belief that Chantal shows promise and its plan to provide more
details on exploration at Chantal as it progresses. The Company
cautions readers that forward-looking statements involve known and
unknown risks, uncertainties and other factors that may cause
Minera IRL’s actual results and future performance to be materially
different than those expected or estimated future results,
performance or achievements and that forward-looking statements are
not guarantees of future performance, results, or achievements.
Minera IRL assumes no obligation, except as may
be required by law, to update or revise them to reflect new events
or circumstances. Risks, uncertainties and contingencies and other
factors that might cause actual performance to differ from
forward-looking statements include, but are not limited to, Peru’s
ability to continue to contain the COVID-19 crisis, changes in and
access to the capital or precious metals markets, another round of
severe weather, additional labor unrest and changes to legislative,
political, social, health or economic developments both within Peru
and in general.
Minera (LSE:MIRL)
Historical Stock Chart
From Jul 2024 to Aug 2024
Minera (LSE:MIRL)
Historical Stock Chart
From Aug 2023 to Aug 2024