Minera IRL Limited Announces Lifting of Blockade and Resumption of Operations at Corihuarmi Mine
LIMA, PERU--(Marketwired - Sep 9, 2015) - Minera IRL Ltd. ("Minera IRL" or the "Company") (TSX:IRL)(AIM:MIRL)(BVLAC:MIRL) is pleased to announce that the blockade of the Corihuarmi mine has been lifted and operations have resumed. The Company and members of the Atcas Community met last night and successfully resolved the outstanding issues raised by the Community. In the new agreement, the surface use agreement with the Community is extended through 2018 and the Company reaffirmed its commitment to support local businesses and social programs. The loss of production during the temporary occupation is not expected to have a material impact on the operation.
About Minera IRL Limited
Minera IRL Ltd. is an AIM, TSX and BVL listed precious metals mining and exploration company with operations in Latin America. Minera IRL is led by a management team with extensive operating experience in South America. In Peru, the Company operates the Corihuarmi Gold Mine and is advancing its flagship Ollachea Gold Project towards production. For more information, please visit www.minera-irl.com.
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 news release, including information about the Company's financial or operating performance and other statements expressing management's expectations or estimates of future events, performance and exploration and development programs or plans constitute "forward-looking statements". Forward-looking statements often, but not always, are identified by words such as "seek", "believe", "expect", "do not expect", "will", "will not", "intend", "estimate", "anticipate", "plan", "schedule" and similar expressions of a conditional or future oriented nature identify forward-looking statements. Forward-looking statements are, necessarily, based upon a number of estimates and assumptions. While considered by management to be reasonable in the context in which they are made, forward-looking statements are inherently subject to political, legal, regulatory, business and economic risks and competitive uncertainties and contingencies.
The Company cautions readers that forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Minera IRL's actual financial results, future performance and results of exploration and development programs and plans 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.
Forward-looking statements are made as of the date of this news release and Minera IRL assumes no obligation, except as may be required by law, to update or revise them to reflect new events or circumstances. Risks, uncertainties and contingencies and other factors that might cause actual performance to differ from forward-looking statements include, but are not limited to, any failure to obtain or complete project financing for the Ollachea Gold Project (including the Senior Debt Facility), changes in the price of precious metals and commodities, changes in the relative exchange rates of the US dollar against the Peruvian nuevo sol, interest rates, legislative, political, social or economic developments both within the countries in which the Company operates and in general, contests over title to property, the speculative nature of mineral exploration and development, operating or technical difficulties in connection with the Company's development or exploration programs, increasing costs as a result of inflation or scarcity of human resources and input materials or equipment. Known and unknown risks inherent in the mining business include potential uncertainties related to the title of mineral claims, the accuracy of mineral reserve and resource estimates, metallurgical recoveries, capital and operating costs and the future demand for minerals. For additional information, please consult the Company's most recently filed MD&A and Annual Information Form.
Contact
Minera IRL
Eric Olson
COO
+1 (416) 907-7363
Minera IRL
Brad Boland
CFO
+1 (416) 907-7363
Canaccord Genuity Limited
Nominated Adviser & Broker, London
Henry Fitzgerald-O'Connor
+ 44 (0)20 7523 8000
Canaccord Genuity Limited
Nominated Adviser & Broker, London
Oliver Donaldson
+ 44 (0)20 7523 8000
Buchanan
Financial PR, London
Bobby Morse
+44 (0)20 7466 5000
