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Minera IRL Ltd.
Summary
| Project: | Corihuarmi Mine | |
|---|---|---|
| Deposit: | Corihuarmi Mine | |
| Location: | Peru | |
| Commodities: | Gold | |
| Date: | 7/4/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 4-7-2018: Minera IRL Ltd. announces a Resource Estimation report for its Corihuarmi Mine deposit at the Corihuarmi Mine project. Updated Mineral resource estimate and reserve estimate at project. Mining Plus was commissioned by Minera IRL Limited (MIRL) t | |
| Resources: | (Reserve, P+P): 8.742Mt @ 0.28g/t for 77.7Koz Au | |
| CP/QP: | [Resources]: J. Limaylla A. Fowler (Mining Plus Consulting Pty Ltd.) | |
| ABSTRACT: | Mining Plus was commissioned by Minera IRL Limited (MIRL) to complete a Technical Report in accordance with NI 43-101 for their operating Corihuarmi Mine in Peru. This Technical Report is an update on the Technical Report written by Coffey (2010) and the effective date is May 2nd, 2018. Corihuarmi (the Property) is located in the high Andes of Central Peru, straddling the regions of Lima, Junín and Huancavelica approximately 160 km southeast of Peru’s capital city, Lima. The Property is formed of 14 concessions totalling approximately 9830 hectares. These concessions include 6 mining concessions held in the names of Minera Andes Exploration (Minandex) and 7 mining concession and 1 beneficiation concession held by MIRL. There are eight mine zones (open-pits) at the Property; Laura, Cayhua, Cayhua Norte, Diana, Diana Ampliación, Susan, Scree Slope, Ampliación Scree Slope. An agreement between MIRL and Minandex states that Minandex maintain a variable Net Smelter Return (NSR) for production from within mining concessions TUPE 2, TUPE 3 and TUPE 5. Gold production from the Property is also subject to an NSR payment to the Peruvian government which varies according to total sales. All concessions are in good legal standing and Mining Plus is not aware of any pending litigation or legal issues relating to the Property. | |
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