Join our daily newsletter At The Bell to receive exclusive market insights
- Inca Minerals (ICG) has started an airborne magnetics-radiometrics survey (AMAGRAD) at its Frewena Group Project in the Northern Territory
- The 25,888 line-kilometre survey will be flown to better define existing iron ore-copper-gold (IOCG) targets and to spot new ones
- Inca deployed the AMAGRAD technique at its Riqueza project in Peru — so the company has experience in dealing with the style of data generated
- Around nine per cent of the survey has already been completed
- It’s expected to be completed in 10 days, with data interpretation to take another three to four weeks
- Inca Minerals is trading 1.89 per cent higher for 5.4 cents
Junior explorer Inca Minerals (ICG) has started an airborne magnetics-radiometrics survey (AMAGRAD) at its Frewena Group Project in the Northern Territory.
Eye in the sky
The 25,888 line-kilometre survey will be flown to better define existing iron ore-copper-gold (IOCG) targets and to spot new ones.
The survey will be flown on lines spaced 50 metres apart with a sensor height of 30 to 40 metres.
The relatively high resolution should give firm indications of any prospective targets.
The Northern Territory Department of Primary Industry and Resources has part-funded the survey to the tune of $100,000 under its Geophysics and Drilling Collaborations Program.
Outlook
Inca successfully deployed the AMAGRAD technique at its Riqueza project in Peru — so the company has experience in dealing with the style of data generated from the survey.
Inca Minerals Managing Director Ross Brown says the company is confident the AMAGRAD survey will generate solid targets.
“AMAGRAD was used to great effect at Riqueza,” Ross said.
“On this occasion we are exploring for tier-one iron-ore, copper and gold deposits which have readily identifiable geophysical signatures,” he added.
Around nine per cent of the survey has already been completed.
It’s expected to be completed in 10 days, with data interpretation to take another three to four weeks.
Inca Minerals is trading 1.89 per cent higher for 5.4 cents at 3:40 pm AEDT.
