Don Nicolas EIA Permitting (4228D)
May 16 2012 - 2:01AM
UK Regulatory
TIDMMIRL
RNS Number : 4228D
Minera IRL Limited
16 May 2012
For immediate release 16 May 2012
Minera IRL Commences Permitting on Don Nicolas Project
London and Toronto, 16 May 2012: Minera IRL Limited ("Minera
IRL" or the "Company"), (TSX:IRL) (AIM:MIRL) (BVL:MIRL) the Latin
America gold mining company, is pleased to announce commencement of
the permitting process for the Don Nicolas Projectlocated in the
mining friendly Santa Cruz Province, Argentina.
Highlights:
-- Environmental Impact Assessment (EIA) completed by consultants Ausenco Vector
-- EIA presented to the Secretary of Mining, Santa Cruz
Province, Argentina, commencing the permitting process
-- Permitting expected to take approximately 6 months
-- Reiterate confidence in the feasibility study (announced in
February 2012) stating an objective of bringing Don Nicolas into
production in late 2013
"The completion of the EIA and commencement of permitting marks
another significant milestone in the development of the Don Nicolas
Project in Patagonia." said Courtney Chamberlain, Executive
Chairman of Minera IRL. "We continue to receive outstanding support
from the authorities in Santa Cruz and are confident that the
permitting process will proceed expeditiously. The future Don
Nicolas Mine promises to be an attractive investment with
considerable upside potential in a number of areas. We remain
confident that we will have our first gold pour from Don Nicolas in
late 2013."
For more information please contact:
Minera IRL
Trish Kent, Vice President, Corporate Relations +511 418 1230
Canaccord Genuity Limited (Nomad & Broker,
London)
John Prior +44 (0) 20 7523
Adam Miller 8350
finnCap (Co-broker, London)
Geoff Nash (Corporate Finance)
Matthew Robinson (Corporate Finance) +44 (0) 20 7600
Joanna Weaving (Corporate Broking) 1658
RBC Europe Ltd (Co-broker, London)
Stephen Foss +44 (0)20 7653
Martin Eales 4000
Buchanan (Financial PR, London)
Bobby Morse +44 (0)20 7466
James Strong 5000
Minera IRL Limited is the AIM traded, 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
operating in South America. The Group operates the Corihuarmi Gold
Mine and the advanced gold projects Ollachea in Peru and Don
Nicolas in Argentina. For more information, please visit
www.minera-irl.com.
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.
Competent Persons Statement
The preparation of the technical information contained herein
was supervised and reviewed by Courtney Chamberlain, Executive
Chairman of the Company, BSc and MSc Metallurgical Engineering, a
Fellow of the Australian Institute of Mining and Metallurgy
(AUSIMM) and Donald McIver, VP Exploration of the Company, MSc
Exploration and Economic Geology, a Fellow of the Australian
Institute of Mining and Metallurgy (AUSIMM), who are recognized as
Qualified Persons for the purposes of National Instrument 43-101,
and who have reviewed and approved the technical information in
this press release.
Quality Assurance and Quality Control Procedures Disclosure
The Company has implemented and maintains a Minera IRL quality
assurance/quality control (QA/QC) protocol on its projects to
ensure best industry practice in sampling and analysis of
exploration and resource definition samples. The insertion of field
duplicates, certified standards and blank samples into the sample
stream form part of the MIRL procedure (these act as an independent
check on contamination, precision and accuracy in the analytical
laboratory).
Assay results are reported once rigorous QAQC procedures have
been approved.
Independent Audit Programs
Towards maintaining compliancy with international standards as
they pertain to the minerals industry resource evaluation and
estimation procedure, MIRL regularly contracts the services of
industry experts to conduct detailed audits of established QAQC
procedures.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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