09:50 AM EST - Minera IRL Limited : announced the results of a Feasibility Study for the Don Nicolas Project located in mining friendly Santa Cruz Province, Argentina. The Don Nicolas Project is 100% owned by Minera IRL Patagonia SA, a subsidiary of Minera IRL Limited. Highlights: the Don Nicolas Project is on track to become Minera IRL's second producing mine with commercial gold and silver production targeted to commence in Q4 2013. Based on a gold price of $1,250 U.S. per ounce, NPV @ 5% real of $44.7 million U.S.(pre-tax) and $25.1 million U.S. (post tax); and IRR of 34.6% (pre tax) and 22.8% (post tax). Minera IRL Limited
shares T.IRL are trading even at $1.15.
