Peru - Mine-layer IRL call option golden project Quilavira in Tacna

Mine-layer IRL (MIRL) announced that he has signed an option to buy the Project of golden Exploration of Quilavira, located in Tacna, to Engineering and Technology Miner Metalworker (ITMM), and that it is formed by 5.100 hectares.

ITMM, Peruvian company of exploration and consultancy, acquired the property of the Australian Newcrest in a tender process.

MIRL signed an option contract to acquire 100 % of the property of ITMM, subject to the payment for 50.000 dollars at the moment of the granting of the respective authorization on the part of the Peruvian government.

For it the government will have to publish a supreme decree that is needed when the companies registered abroad think about how to acquire exploration licenses inside 50 kilometers of the international border of Peru.

He added that, before initiating the exploration in this property, there will be necessary the negotiation of a Contract of surface Rights with the local community.

The executive president of MIRL, Courtney Chamberlain, mentioned that Quilavira represents a strategic opportunity of exploration of long term in a highly pilot area:

“At present we are well posicionados in Peru, where our project Ollachea is, and Quilavira agrees with the development of our business interests in chosen districts.”

The principal exploration target in Quilavira corresponds to an alteration of a 1.200 meters approximate area for 300 meters.

The sampling realized by Newcrest identified an area (200 x 200 meters) of anomalous mineralization of gold (more than one gram of gold per ton) inside the part west of the area of alteration, he stood out.

Mine-layer IRL