10:15 AM EST - Minera IRL Limited : announced the approval by the Board of Directors for a 1.2-kilometre long exploration drive at its flagship Ollachea Gold Project in Peru. The Board has approved a 1.2-kilometre exploration tunnel which will access the ore body defined in the Ollachea Pre-feasibility study announced in July 2011. The drive will allow exploration drilling from underground along approximately one kilometre of eastern strike extension of the known mineralization which cannot be drilled effectively from surface. A contract has been signed with well known Peruvian underground contractor JJC Contratistas Generales S.A. (JJC) to implement the project. Minera IRL Limited
shares T.IRL are trading even at $1.15.
