MINERA IRL LTD ORD - MRLLF STOCK NEWS

Minera IRL Limited (OTCQB:MRLLF) has announced the assay results from its Two-Phase Long-Hole Drilling Campaign at the Corihuarmi Gold Mine in Peru, initiated in November 2022. Initial results from the campaign reveal promising gold grades, including 20 meters at 0.65 g/t Au from a depth of 5 meters. A total of 53 drill holes, totaling 1,853 meters, were completed, leading to a decision to extend the campaign with an additional 100 drill holes over 3,483 meters. The company aims to confirm the continuity of gold mineralization to support future operations and update its Mineral Resource Estimate. In 2022, the average grade of gold mined was 0.21 g/t Au, with a total of 20,938 ounces of gold shipped, indicating ongoing production capacity at Corihuarmi.

Minera IRL Limited (OTCQB: MRLLF) announced a significant increase in gold shipments from its Corihuarmi Gold Mine, with 1,797 ounces shipped in January 2023, representing a 15% rise from December 2022. The decrease in waste mined by 19.8% aligns with revised planning to lower production costs while increasing gold output in 2023. The company aims to advance its Ollachea Gold Project as it continues operations at Corihuarmi, situated 5,000 meters above sea level in Central Peru. The management team brings extensive mining experience, enhancing operational stability and potential growth.

Minera IRL Limited (OTCQB: MRLLF) announced that its Corihuarmi Gold Mine shipped 20,963 ounces of gold in 2022, surpassing the revised guidance of 20,000 ounces by 5%. A total of 4,558,587 tonnes of mineralized material were mined, averaging 0.21 grams per tonne, containing 31,249 ounces of gold. In Q4 2022, shipments increased to 5,441 ounces, a 5% rise from Q3. The company is led by an experienced team focused on gold mining in Peru and is exploring financing for its Ollachea Gold Project.

Minera IRL Limited has announced the assay results from its final drill holes at the Corihuarmi Gold Mine in Peru. The Diamond Drill Program, initiated in July 2022, yielded notable findings, including DDH22-17 with 7.70 m of oxides assaying 0.75 g/t Au. The average gold grade from January to November 2022 was 0.216 g/t Au, with a total of 19,373 ounces shipped. A two-phase long-hole drilling campaign is underway to enhance gold production and improve operational efficiency. Phase I has begun, comprising 61 holes over 1,680 metres, with Phase II expected to follow in February 2023.

Minera IRL Limited announced a significant increase in gold shipments from its Corihuarmi Gold Mine, with 2,123 ounces shipped in November 2022, up from 1,728 ounces in October and 1,190 ounces in September. For the year-to-date, the total shipped gold has reached 19,373 ounces. Between January and November 2022, the company mined and placed 4,117,650 tonnes of mineralized material on leach pads, averaging 0.216 grams per tonne, yielding 28,654 ounces of gold. This operational update demonstrates Minera's capacity and ongoing production momentum.

Minera IRL Limited announced the successful outcomes of its Annual General Meeting (AGM) on December 5, 2022, in Vancouver. All resolutions were adopted, including the approval of audited financial statements for the year ending December 31, 2021, and the re-election of Directors Gerardo Perez and Santiago Valverde. PKF Littlejohn LLP was appointed as the Company’s auditor for the upcoming year, with the Board authorized to set the auditors’ remuneration. Minera focuses on gold mining and exploration in Peru, operating the Corihuarmi Gold Mine and assessing the Ollachea Gold Project.

Minera IRL Limited (OTCQB: MRLLF) has outlined its 2022 objectives and achievements, focusing on financing its Ollachea Gold Project and increasing public awareness of its operations. The company is exploring alternative financing options, including gold streaming, to ease debt acquisition. Community engagement remains a priority, further supporting local economies. However, Corihuarmi's gold production fell 9% in Q3 2022 due to transportation strikes and rising operational costs. The company aims for a 20,000-ounce gold shipment target in 2022, while boosting its visibility by uplisting to the OTCQB.

Minera IRL Limited has successfully uplisted its ordinary shares from OTC Pink to the OTCQB Venture Market in the U.S. under the ticker symbol MRLLF. This uplisting enhances the company’s trading profile and increases the liquidity of its shares due to eligibility for DTC deposit and withdrawal, facilitating electronic clearing and settlement of trades. The company remains listed on the Bolsa de Valores de Lima, Canadian Securities Exchange, and Frankfurt Stock Exchange, and continues its focus on precious metal mining operations in Peru.