10:00 AM EST - Minera IRL Limited : announced the results of its Prefeasibility Study for the Ollachea Project, Peru. The Ollachea Project is 100% owned by Minera IRL SA subsidiary Minera Kuri Kullu SA. The study was carried out by international engineering firm AMEC. Highlights: Using a gold price of $1,100 U.S. per ounce, NPV @ 7% real of $226 million U.S. (pre-tax) and $133 million U.S. (post tax); and IRR of 28.1% (pre tax) and 20.5% (post tax). Probable Mineral Reserves of 9.5 million tonnes grading 3.65g/t gold containing 1.1 million ounces. Minera IRL Limited
shares T.IRL are trading even at $1.20.
