Overview
Minera IRL is a junior gold company with projects in Peru and Argentina. An operating mine in Peru is currently producing about 40,000 ounces of gold per year, providing substantial funding for the company's exploration and development efforts. The project that appears to have the best potential is Ollachea, an orogenic gold deposit located in Peru. Drilling to date has shown almost 2MM oz Au (Indicated and Inferred). There is potential to expand the deposit considerably. A 1.2Km tunnel to access the deposit is being started now that will enable drilling that was not previously possible due to terrain.
Advanced Projects
- Corihuarmi: Peru, producing ~40Koz Au/yr, US$273 cash cost, 4 yr mine life
- Ollachea: Peru, 1.4MM oz Au indicated, BFS in progress, 2014 planned production start.
- Don Nicolas: IRL's most advanced project in Argentina's Santa Cruz province. BFS in progress. 2013 planned production start.
- Other: Michelle first drilling this year (Sep 2011), property is contiguous with Anglogold's Cerro Vanguardia mine in Santa Cruz.
Share Structure
Outstanding: 119.5 million
Fully Diluted: 137.3 million
Resources
Minera IRL web site
Fact Sheet
Corporate Presentation
Ollachea: Puno Region -
Charts: Daily, Weekly
Videos: Mineros do Ollachea Part 1 - Part 2 - Part 3 - Slide Show - Area Artisanal miners
Images: Michelle Project |
