Archive for the ‘Gold Exploration’ Category
Minera IRL has purchased Quilavira Gold Exploration Project
The Project Quilavira Gold Exploration, located in Tacna, Mining Metallurgical Engineering and Technology (ITMM), which consists of 5.100 hectares.
ITMM, Peruvian exploration company and consulting firm, acquired ownership of Australia’s Newcrest in a bidding process.
MIRL signed an option agreement to acquire 100 percent ownership of ITMM, subject to payment of $ 50.000 at the time of granting the relevant authorization by the Peruvian government.
For this the government should publish a supreme decree is required when companies registered abroad seeking to acquire exploration licenses within 50 miles of the international border of Peru.
He said before starting the exploration on this property will require the negotiation of a Surface Rights Agreement with the local community.
MIRL’s chief executive, Courtney Chamberlain, said Quilavira represents a strategic opportunity for long-term exploration of highly prospective area.
“Today we are well positioned in Peru, where our Ollachea project, and Quilavira consistent with the development of our business interests in selected districts,” he said.
The main purpose of exploration Quilavira corresponds to a change in an area of ??approximately 1.200 meters by 300 meters.
Sampling by Newcrest identified an area (200 x 200 meters) of anomalous gold mineralization (more than one gram of gold per tonne) in the western part of the alteration zone, he said.