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Minera IRL Completes Diamond Drill Program at the Corihuarmi Gold Mine and Begins a New Two-Phase Drilling Campaign
LIMA, Peru, Dec. 14, 2022 (GLOBE NEWSWIRE) -- Minera IRL Limited (“Minera”, the “Company” or “we”) (BVL:MIRL) (CSE:MIRL) (FWB:DZX) (OTCQB: MRLLF) is pleased to
About this update from Minera Irl Limited
[{"type":"text","content":" LIMA, Peru, Dec. 14, 2022 (GLOBE NEWSWIRE) -- Minera IRL Limited (“Minera”, the “Company” or “we”) (BVL:MIRL) (CSE:MIRL) (FWB:DZX) (OTCQB: MRLLF) is pleased to report assay results from the final drill holes completed as part of the Diamond Drill (“DDH”) Program started in July 2022 at the Company’s producing Corihuarmi Gold Mine (“Corihuarmi”) located in central Peru. Highlights of the final diamond drill holes include: DDH22-17, 7.70 m of oxides from 35.80 m depth assaying 0.75 grams Au per tonne (“g/t Au”), and 1.30 m of oxides from 64.70 m depth assaying 0.37 g/t Au. DDH22-19, 2.65 m of oxides from 10.35 m depth assaying 0.30 g/t Au. DDH22-23, 1.55 m of oxides from 58.40 m depth assaying 0.34 g/t Au. The average grade mined between January and November 2022 was 0.216 g/t Au, with 19,373 ounces of gold shipped through the end of November. The DDH Program consisted of 23 diamond drill holes within the pits that are currently mined at Corihuarmi, totalling 2,203.50 metres drilled. The objectives and initial results of the DDH Program were previously announced in the Company’s September 14, 2022 press release titled “Minera IRL Announces Initial Infill Drilling Results at the Corihuarmi Gold Mine.” A list of all of the results is available on the Company’s website. Principal intercepts within the final drill holes sampled and assayed are listed below: Drill Hole Location From To Length AU PPM AG PPM DDH22-17 Diana Pit 35.80 43.50 7.70 0.75 3.23 50.60 51.90 1.30 0.22 0.93 64.70 66.00 1.30 0.37 5.41 82.10 83.70 1.60 0.22 2.10 131.90 133.60 1.70 0.23 0.81 DDH22-18 Diana Pit 2.60 3.60 1.00 0.16 5.65 DDH22-19 Cayhua Pit 10.35 13.00 2.65 0.30 2.71 32.25 33.85 1.60 0.29 0.52 37.20 40.20 3.00 0.25 0.69 56.15 58.15 2.00 0.25 0.40 60.60 64.00 3.40 0.24 0.48 DDH22-20 Cayhua Pit 72.90 74.40 1.50 0.22 0.76 117.30 119.10 1.80 0.23 0.75 DDH22-21 Diana Pit 20.20 23.60 3.40 0.20 0.93 DDH22-23 Laura Pit 58.40 59.95 1.55 0.34 0.38 *NB: These are drill hole intersect lengths and do not represent true widths. Two-Phase Long-Hole Drilling Campaign Further to the DDH Program, the Company has recently launched a two-phase long-hole (“LH”) drilling campaign targeting specific areas within the mining concessions that are reported to contain coarse gold mineralization with grades in the range of 0.13 g/t Au to 0.24 g/t Au. This LH drilling campaign has b...