Airborne Geophysical Survey, Patagonia (5184U)
October 18 2010 - 2:00AM
UK Regulatory
TIDMMIRL
RNS Number : 5184U
Minera IRL Limited
18 October 2010
Minera IRL Website Update, Airborne Geophysical Survey,
Patagonia
London, 18 October 2010: Minera IRL Limited ("Minera IRL" or the
"Company"), (IRL.TO) (AIM:MIRL) (BVL:MIRL) the Latin American
focused gold mining, development and exploration company, has
published on its website selected results of the recent airborne
magnetics geophysical survey conducted in Santa Cruz Province,
Patagonia, Argentina.
The geophysical results posted on the website,
www.minera-irl.com, relate to four sizeable project areas,
Escondido, Pan de Azucar, La Paloma and Martinetas. This is part of
a major 4,482.6 line kilometer heliborne, high resolution magnetic
survey which was flown mid- 2010. The processed results highlight
the promising geological prospectivity of the areas and have
identified a number of new targets and extensions to existing
targets. New targets depict similar magnetic signatures to known
mineralization and other prospective structures in the areas
mentioned. Follow up exploration programs, including geological
mapping, surface geochemical sampling and first-phase exploration
drilling are planned to test the results of the geophysically
anomalous areas.
This information will be included in a briefing of analysts
visiting the Company's project area in Patagonia on 18 October
2010.
For more information please contact:
Minera IRL Limited
Trish Kent, Vice President, Corporate Relations +511 4181230
Collins Stewart (Nominated Adviser & Broker, + 44 (0)20 7523
London) 8350
John Prior
Adam Miller
The Equicom Group Inc. (Investor Relations,
Canada)
David Feick
Craig MacPhail +1 403 831 7557
Bankside Consultants (Financial PR, London) + 44 (0)20 7367
8888
Simon Rothschild
Louise Mason
Minera IRL Limited is the AIM traded and TSX and BVL 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.
This press release was reviewed by Donald McIver, VP Exploration
of the Company, MSc Exploration and Economic Geology, a Fellow of
the Australian Institute of Mining and Metallurgy (AUSIMM), who is
the designated Qualified Person for the purposes of National
Instrument 43-101 and has approved the technical information in
this press release.
The Toronto Stock Exchange neither approves nor disapproves the
information contained in this News Release.
Some of the statements contained in this release are
forward-looking statements, such as estimates and statements that
describe the Company's future plans, objectives or goals, including
words to the effect that the Company or management expects a stated
condition or result to occur. Since forward-looking statements
address future events and conditions, by their very nature, they
involve inherent risks and uncertainties.
While these forward-looking statements, and any assumptions upon
which they are based, are made in good faith and reflect our
current judgment regarding the direction of our business, actual
results will almost always vary, sometimes materially, from any
estimates, predictions, projections, assumptions or other future
performance suggestions herein. Except as required by applicable
law or regulation, Minera IRL Limited does not intend to update any
forward-looking statements to conform these statements to actual
results.
Independent Audit Programs
As a means of maintaining compliancy with international
standards pertaining to the minerals industry resource evaluation
procedure, MIRL regularly contracts the services of industry
experts to conduct audits on established QAQC procedures.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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