Minera IRL Ltd recent drilling results at the Ollachea project in the Puno district of southern Peru confirm a substantial new gold discovery.
Since October last year, 26 diamond drill holes have been completed for a total of 8,706 meters of drilling. The results from the last 18 holes, drilled since the first results were announced last November, add a down dip dimension to the central gold zone.
Intersections from recent drilling include 160 meters grading 4.39 grams per ton, 80 meters grading 2.22 g/t and 8 meters grading 23.02 g/t gold.
Executive chairman Courtney Chamberlain commented: “The results of the ongoing drilling program at Ollachea using 2 diamond rigs are very exciting. The central zone is shaping up well. As a result, management is currently developing an expanded work program so that the project can be progressed more aggressively.”