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25/07/2011

Minera IRL CEO says the economics at $1600 gold price are ‘fantastic’ for the company

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Market: AIM
Sector: General Mining - Gold
EPIC: MIRL
Latest Price: 50.00p  (8.11% Ascending)
52-week High: 84.50p
52-week Low: 42.00p
Market Cap: 75.95M
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Minera IRL
www.minera-irl.com

Minera IRL Limited together with its subsidiaries (the "Group") is a Latin American precious metals mining, development and exploration company.  Managed by a team of experienced mining executives, the Group's business was privately funded from inception in 2000 until listing on the London AIM Market in April 2007.  Minera IRL Limited is currently quoted on the Toronto Stock Exchange (TSX:IRL), AIM London (AIM:MIRL) and the BVL, Lima, Peru (BVL:MIRL) stock exchanges.

The Group operates the Corihuarmi Gold Mine, is exploring the Ollachea Project, both of which are in Peru, and is also undertaking a feasibility study at the Don Nicolas gold project in Patagonia, Argentina.

All RNS Press Releases

RNS Release - Best Exploration Company of the Year in Argentina

29th Sep 2011, 12:00 pm
RNS Number : 1927P
Minera IRL Limited
29 September 2011
 



Immediate Release

29th September 2011

 

 

 

Minera IRL Limited

 

Minera IRL Limited Awarded Best Exploration Company of the Year in Argentina

 

London and Toronto, 29 September 2011: Minera IRL Limited ("Minera IRL" or the "Company"), (TSX:IRL) (AIM:MIRL) (BVL:MIRL) the Latin American focused gold mining company, is pleased to announce that it has been awarded the Best Exploration Company of the Year in Argentina, for its advancement of the Don Nicolas Project, and for new discoveries in the emerging gold district of the Macizo del Deseado in the Santa Cruz Province of Patagonia, Argentina.

 

"This award reflects the continued intense exploration campaigns that have allowed the Don Nicolas Project to move rapidly into the Feasibility phase,  at the same time as advancing the project's Environmental Impact Study due for completion by the end of 2011, and to realistically project the initiation of production for the end of 2012," Enrique Gonzalez, the founder and President of the specialist magazine, Panorama Minero, announced.  The award was presented in Buenos Aires at the ceremony 'A Night of Distinction',  held to celebrate both the 35th Anniversary of the publication, and to present special awards to several business people and mining companies currently operating in Argentina. 

 

"The professionalism of the Minera IRL Patagonia team, and the strong support of the authorities in the Province of Santa Cruz, are ensuring that the development timeline for Don Nicolas remains on track, with the mine becoming

 

the Company's second producing asset ," stated the President of Minera IRL Patagonia, Diego Benavides upon receiving the award at a ceremony hosting the principal authorities of the mining sector in Argentina.

 

For more information please contact:

Minera IRL                                     

Trish Kent, Vice President, Corporate Relations

 

+511 4181230

Collins Stewart (Nominated Adviser & Broker, London)

John Prior

Adam Miller

 

+ 44 (0) 20 7523 8350

finnCap (Co-broker, London)

Geoff Nash (Corporate Finance)

Matthew Robinson (Corporate Finance)

Joanna Weaving (Corporate Broking)

 

+ 44 (0) 20 7600 1658

RBC Europe Ltd (Co-broker, London)

Stephen Foss

Martin Eales

 

+44 (0) 20 7653 4000

Buchanan (Financial PR, London)

Bobby Morse

James Strong

 

+44 (0) 20 7466 5000


 

 

 

Minera IRL Limited is the TSX, AIM and BVL, Lima listed holding company of precious metals mining and exploration companies focused in Latin America.  Minera IRL is led by an experienced senior management team with extensive industry experience, particularly in operating in South America.  The Group operates the Corihuarmi Gold Mine and the emerging Ollachea Gold Project in Peru as well as the Don Nicolas Project in Argentina.

 

 

The Toronto Stock Exchange neither approves nor disapproves the information contained in this News Release.

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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