DJ Minera IRL Upgrades Ollachea Gold Resource

Gold miner Minera IRL Ltd. Tuesday said it upgraded its resource estimate for its Ollachea project in Peru following further drilling.


Minera said drilling has defined a 1.1 million troy ounce indicated resource and 500,000 ounces of less certain inferred resources. The upgrade reflects the conversion of resources previously in the inferred category into indicated resources.

The company said it expects to be able to show Ollachea contains more than 2 million ounces of gold with further drilling.

Aluminium, Copper, Crude, Gold, Lead, Natural Gas, Nickel, Silver, Zinc - These are involved in our life to that extent, we can't even dream to live without them.

RECENT ARTICLES

• Company Realizes U.S.$5 Million Gold Sales
• Jewellery Demand Climbs 8% In Spite Of Increasing Gold Prices
• China Gold Prices HK$2.4bn IPO