MIRL.L Regulatory News (MIRL)

18 Mar 2008 07:01

Minera IRL Limited18 March 2008 Minera IRL Limited - Press Release First Gold Pour, Corihuarmi Mine, Peru London: 18 March 2008. Minera IRL Limited ("MIRL" or "the Company") is pleasedto announce that the first gold has been poured at its 100 per cent. ownedCorihuarmi Mine located in Central Peru. This achieves the Company's target tobegin gold production during the first quarter of 2008, only nine months afterthe start of construction. The first pour contains an estimated 1,600 ounces offine gold. MIRL Chairman, Courtney Chamberlain, reporting from site, comments "The start-upof the Corihuarmi operation represents a key milestone in our objective to builda new, mid-tier gold mining company. Bringing Corihuarmi into production onschedule represents the culmination of over five years of work on this projectand is a credit to our fine team. Early indications are that we are exceedingthe predicted ore reserve grade and the metallurgical response has beenexcellent." The Company's gold production is completely unhedged and so it is wellpositioned to take advantage of current record gold prices. For more information contact:Minera IRLCourtney Chamberlain, Executive Chairman or +61 (0)408 888 803Trish Kent, Manager, Corporate Relations +51 1 4181230 Arbuthnot Securities (Nomad & Broker, London) + 44 (0)20 7012 2000Paul VanstoneInna Vassina Bankside Consultants (Financial PR, London) + 44 (0)20 7367 8888Simon RothschildLouise Mason Credibolsa (Broker, Lima) + 55 13132900Christian Chocano Synergy Asociados (Public Relations, Lima) + 511 446 2055/446 1832Magaly Villena + 511 9400 8101Jorge Leon + 551 9837 5186 Minera IRL Limited ("MIRL") is the holding company of a precious metals miningcompany focused on the Andean Cordillera of South America. MIRL is led by anexperienced senior management team with extensive industry experience,particularly in operating in South America. The Group has acquired and advanceda portfolio of projects. This information is provided by RNS The company news service from the London Stock Exchange