Minera Announces Beginning of Permitting Process for Ollachea Gold Project

Minera IRL Limited (TSX:IRL) announced that the Environmental Impact Assessment  has been submitted to the Peruvian authorities and that the permitting process for the Ollachea Gold Project has begun.

As quoted in the press release:

The Ollachea Project Feasibility Study, announced on 29 November 2012, was carried out by international engineering firm AMEC in conjunction with Coffey Mining. The Project involves a 1.1 million tonne per annum underground mine and conventional gold processing plant to produce an average of 113,000 ounces of gold per annum at full capacity.

Minera’s Executive Chairman, Courtney Chamberlain, said:

We have received outstanding support from the Ollachea community with a general assembly unanimously approving the EIA thus fulfilling the first requirement of the permitting process. Our objective is to obtain the development permit in mid 2013.

To view the whole press release, click here.