TORONTO – Minera IRL Ltd. (TSX:IRL) says it has won Peruvian government approval for its Ollacheau gold mining project.
The company says the country`s Ministry of Mines and Energy has approved an environmental and social impact assessment for the project.
The TSX-listed company focused on gold mining in Latin America had submitted the assessment in December 2012 following three years of studies.
Minera says it now hopes to obtain a construction permit in the first quarter of 2014 and bring the mine into production in 2015.
The Ollachea project in southern Peru was discovered by Minera IRL in late 2008 after acquiring the property from Rio Tinto in 2006.
Minera also operates the Corihuarmi gold mine in Peru as well as the Don Nicolas project in Argentina.