Overview
Minera IRL is a junior gold company with projects in Peru and Argentina. An operating mine in Peru is currently producing about 30,000 ounces of gold per year, providing substantial funding for the company's exploration and development efforts. The project with the best potential is Ollachea, an orogenic gold deposit located in Peru. Drilling to date has shown over 2.5MM oz Au (MI&I). There is potential to expand the deposit considerably. The company is driving a 1.2 Km tunnel to access the deposit, enabling deeper drilling that has not been possible due to terrain.
Advanced Projects
- Corihuarmi: Peru, producing ~30Koz Au/yr, US$383 cash cost, 4 year mine life
- Ollachea: Peru, 2.5MM oz Au (MI&I), BFS in progress, 2014 planned production start.
- Don Nicolas: IRL's most advanced project of several that they hold in Argentina's Santa Cruz province. BFS complete. Financing in progress. 2013 planned production start.
Share Structure
Outstanding: 119.5 million
Fully Diluted: 137.3 million
Resources
Minera IRL web site
Fact Sheet
Corporate Presentation
Ollachea: Puno Region - Site - Mine Plan - PFS numbers - Schedule - Magnetics
Charts: Daily - Weekly
Videos: Mineros do Ollachea Part 1 - Part 2 - Part 3 - Slide Show - Area Artisanal miners
Images: Michelle Project - Total Production Plan
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