The company drilled a total of 40 holes in the prospect and the results from the 35 holes for a total of 2,386m have intersected gold and silver mineralization in the rhyolite lava dome within 50m of surface.
The results include 6.7m grading at 10.5 gram per ton (g/t) of gold and 19.8 g/t of silver from drill hole CH-D12-015; 6.10m grading at 5.43 g/t gold and 27.6 g/t silver from drill hole CH-D12-018.
The results also include 11.10m grading 5.38 g/t gold and 5.26 g/t silver from drill hole CH-D12-021.
Minera IRL executive chairman Courtney Chamberlain said the qualitative and quantitative results from Choique prospect have shown positive results.
"Only 1.6 kilometres from the planned Don Nicolas plant, the Choique discovery not only shows immediate potential for increasing the resource base and mine life, but also provides great encouragement for more potential discoveries close to Martinetas," Chamberlain said.
The company has also encountered areas with low grade mineralization which it plans to treat in future with heap leach technology.
