Highlights of the Phase 1 final drill holes include:
- TLS23-52, 25.00 m of oxides from 10.00 m depth assaying 0.599 grams Au per tonne (“g/t Au”).
- TLSU23-18, zero to 20.00 m depth of oxides assaying 0.536 g/t Au.
- TLSU23-01, zero to 3.00 m depth of oxides assaying 0.508 g/t Au.
- TLS23-36, 15.00 m of oxides from 10.00 m depth assaying 0.504 g/t Au.
- TLAD23-30, 25.00 m of oxides from 10.00 m depth assaying 0.364 g/t Au.
Gold mineralization at Corihuarmi is mined by open pit methods. The average grade of the mineralized material placed on the leach pads between January and
About Phase 1 of the LH Drilling Campaign
The LH Drilling Campaign was started in
Phase I of the LH Drilling Campaign initially comprised 53 drill holes completed between
To date, a total of 156 drill holes measuring 5,422 metres have been completed, sampled, and assayed as part of Phase I of the LH Drilling Campaign. Principal intercepts of the final set of drill holes are summarized as follows:
Drill Hole | Location | From (m.) | To (m.) | Length (m.) | g/t Au | g/t Ag |
TLAD23-01 | 0.00 | 35.00 | 35.00 | 0.136 | 0.627 | |
TLAD23-02 | 10.00 | 35.00 | 25.00 | 0.152 | 0.720 | |
TLAD23-03 | 0.00 | 30.00 | 30.00 | 0.155 | 0.462 | |
TLAD23-05 | 20.00 | 30.00 | 10.00 | 0.306 | 0.230 | |
TLAD23-24 | 20.00 | 25.00 | 5.00 | 0.128 | 0.400 | |
TLAD23-30 | 10.00 | 35.00 | 25.00 | 0.364 | 0.400 | |
TLAD23-32 | 0.00 | 5.00 | 5.00 | 0.153 | 0.300 | |
TLSU23-01 | 0.00 | 3.00 | 3.00 | 0.508 | 0.475 | |
TLSU23-03 | 8.00 | 25.00 | 17.00 | 0.113 | 0.597 | |
TLSU23-05 | 22.00 | 30.00 | 8.00 | 0.146 | 0.272 | |
TLSU23-07 | 3.00 | 20.00 | 17.00 | 0.150 | 0.362 | |
TLSU23-14 | 0.00 | 10.00 | 10.00 | 0.151 | 0.475 | |
TLSU23-18 | 0.00 | 20.00 | 20.00 | 0.536 | 0.265 | |
TLS23-28 | 0.00 | 10.00 | 10.00 | 0.192 | 0.173 | |
TLS23-29 | 0.00 | 17.00 | 17.00 | 0.151 | 0.299 | |
20.00 | 30.00 | 10.00 | 0.214 | 0.245 | ||
TLS23-32 | 0.00 | 10.00 | 10.00 | 0.169 | 0.503 | |
TLS23-36 | 10.00 | 25.00 | 15.00 | 0.504 | 1.095 | |
TLS23-45 | 0.00 | 14.00 | 14.00 | 0.135 | 0.189 | |
TLS23-48 | 15.00 | 33.00 | 18.00 | 0.282 | 0.217 | |
TLS23-49 | 15.00 | 35.00 | 20.00 | 0.347 | 0.320 | |
TLS23-40 | 0.00 | 10.00 | 10.00 | 0.160 | 0.195 | |
TLS23-50 | 30.00 | 34.00 | 4.00 | 0.309 | 0.538 | |
TLS23-51 | 0.00 | 21.00 | 21.00 | 0.232 | 0.321 | |
TLS23-52 | 10.00 | 35.00 | 25.00 | 0.599 | 0.268 | |
TLS23-54 | 0.00 | 15.00 | 15.00 | 0.280 | 0.175 | |
TLSS23-01 | Scree Slope | 0.00 | 25.00 | 25.00 | 0.157 | 0.252 |
TLSS23-04 | Scree Slope | 0.00 | 15.00 | 15.00 | 0.305 | 0.312 |
*NB: These are drill hole intersect lengths and do not represent true widths.
Phase II of the LH Drilling Campaign commenced in the last week of
Qualified Person
About
On behalf of the Board of Directors of
Executive Chairman
CEO and Director
FOR FURTHER INFORMATION, PLEASE CONTACT:
Head of Investor Relations
+51 1 418 – 1230
Manager, Communications
+51 1 418 - 1230
No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained in this news release.
Cautionary Statement on Forward-Looking Information
Certain information in this press release constitutes “forward-looking statements.” Forward-looking statements are based on assumptions. While management believes these assumptions and statements are reasonable in context, forward-looking statements are inherently subject to political, legal, regulatory, business, environmental and economic risks and competitive uncertainties and contingencies. Forward-looking statements in this press release include those concerning the Company’s expectations that the LH drilling campaign can confirm continuity of mineralization at Corihuarmi and support a new mineral resource estimate, the timing, number and location of the drill holes planned for Phase II and the Company’s intent to release further results as the drill campaign advances. The Company cautions readers that forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Minera IRL’s actual results and future performance to be materially different than those expected or estimated future results, performance or achievements and that forward-looking statements are not guarantees of future performance, results, or achievements.
© OMX, source