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Minera IRL Ltd.
Summary
| Project: | Ollachea | |
|---|---|---|
| Deposit: | Minapampa | |
| Location: | Peru | |
| Commodities: | Gold | |
| Date: | 11/28/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 28-11-2016: Minera IRL Ltd. announces an Exploration/Drilling Update report for its Minapampa deposit at the Ollachea project. Drilling results incl. 18m @ 4.07g/t Au from 122m. LIMA, PERU - (Marketwired – Nov.28, 2016) - Minera IRL Limited ('Minera IRL' | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Andrew Fowler (Mining Plus Consulting Pty Ltd.) | |
| ABSTRACT: | LIMA, PERU - (Marketwired – Nov.28, 2016) - Minera IRL Limited ('Minera IRL' or the 'Company') (BVL:MIRL) is pleased to announce the conclusion of its 2016 Minapampa Far East drill program on the down-plunge extension of the Minapampa mineralization of its Ollachea flagship gold project in Puno, Southern Peru. The results announced today are from 2793 m (13 drill holes) of drilling conducted in 2016 and assays are currently pending from an additional 2628 m (10 drill holes) of diamond drilling at Ollachea. Mr. Francis O’Kelly, Chairman, comments “The conclusion of the drilling program is an important step forward to accomplish the conditions precedent for the Cofide loan. The drilling, which intersected mineralization in all 24 holes, demonstrates the extension of the mineralized zone to the East of the main orebody. Concurrent with the program was additional drilling to secure fresh sulfide samples for metallurgical testing which will be incorporated in the ongoing detailed process engineering design.” The following table details all mineralized intercepts from all drill hole results received since the initiation of the drill program on Aug. 11, 2016. Previously reported drill holes “DDH13-T01”, “DDH13-T03” and “DDH13-T04” are also in the Minapampa Far East zone and so are included here for completeness. Mineralized intercepts are defined as composites whose length-weighted mean grade is greater than 1 g/t gold. In one case, an intercept. | |
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