Total
0
Shares
Inca Minerals (ASX:ICG) competes with global miner for Peru land
Source: Inca Minerals
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Inca Minerals (ICG) are touting a new round of interpretational results at its Frewena Projects in the Northern Territory, highlighting their "outstanding" prospectivity
  • The explorer is looking to determine the Iron Oxide Copper Gold (IOCG) and Sedimentary Exhalative (SEDEX) potential of the Northern Territory situated projects
  • According to Inca, the interpretations have revealed coincident magnetic-gravity models, extending targets to depths over 1.5 kilometres
  • Inca has engaged an IOCG expert and is completing ground gravity programmes in a bid to further refine drill target definition
  • Inca Minerals shares are down 3.03 per cent, trading at 16 cents

Inca Minerals (ICG) said a new round of interpretational results at its Frewena Projects in the Northern Territory highlights their "outstanding" prospectivity.

The results emerge from additional interpretations focussed on the Iron Oxide Copper Gold (IOCG) and Sedimentary Exhalative (SEDEX) potential of the explorer's Frewena projects in the East Tennant region of the Northern Territory.

According to Inca, these interpretations have continued to refine targeting through the integration of various datasets and 2D and 3D modelling, with coincident magnetic-gravity models, extending targets to depths over 1.5 kilometres.

Additionally, one drill hole was found to contain broad sulphide mineralisation.

More broadly, the ASX-lister affirms the seismic data provides strong support to the Iron Oxide Copper Gold and Sedimentary Exhalative potential within the tenements and further highlight the scale and opportunity at Frewena.

To further refine drill target definition, Inca has engaged an IOCG expert to complete core logging of two drill holes within the prospect to develop a better understanding the style of the mineralised system.

Inca said ground gravity programmes are also being designed to refine and better target potential drill sites for further testing.

Inca Minerals shares are down 3.03 per cent, trading at 16 cents at 12:25 pm AEST.

ICG by the numbers
More From The Market Herald
Variscan Mines (ASX:VAR) - - The Market Herald

" Variscan Mines (ASX:VAR) looks to restart drills following zinc finds

Assays from Variscan Mines’ (VAR) Novales-Udias Project in Spain yield potential high-grade zinc mineralisation warranting a near-term follow up drill campaign.
FYI Resources (ASX:FYI) - - The Market Herald

" FYI Resources (ASX:FYI) and Alcoa potential JV to wait another month

FYI Resources (FYI) and Alcoa Australia have extended the exclusive agreement period for a possible high purity alumina (HPA) joint venture.
Lithium Australia’s (ASX:LIT) subsidiary granted patent for cathode powder

" Lithium Australia’s (ASX:LIT) subsidiary granted patent for cathode powder

Lithium Australia’s (LIT) VSPC subsidiary has been granted an Australian patent covering the production of nickel-and-cobalt-free battery cathode powders.
Peak Resources (ASX:PEK) - Managing Director, Bardin Davis - The Market Herald

" Peak Resources (ASX:PEK) shares ascend on mining licence win

Peak Resources (PEK) shares enjoyed a 37 per cent rise after being granted a special mining licence for the Ngualla Rare Earth Project