- Inca Minerals (ICG) finds a large drill target at its Mt Lamb Prospect, located within its Frewena Far East Project in the Northern Territory
- The large target found at Mt Lamb commences around 200 metres below surface
- This find follows the recently completed ground gravity survey across the Frewena Group Projects, as the company prepares for a drilling program
- An airborne magnetics and radiometrics survey is now underway at Frewena Far East, Frewena East and Frewena Frontier
- Just before the market opens this morning, Inca last traded at 12.5 cents per share
Inca Minerals (ICG) has found a large drill target at its Mt Lamb Prospect, located within its Frewena Far East Project in the Northern Territory.
Earlier this month the company completed ground gravity survey at the Frewena Group Projects as it prepares for an upcoming drilling program.
The survey saw a total of 2512 gravity stations over five in-fill grids covering a number of Priority-1 targets at the Frewena Fable, Frewena East and Frewena Far East Projects.
Collectively, the Frewena Group is considered to be highly prospective for large-scale iron oxide copper gold and sedimentary exhalative mineralisation.
This survey has helped refine target definition and proposed drill-hole locations for this pending drilling program.
The initial ground gravity modelling reveals better defined drill targets at the Mt Lamb Prospect, the first of multiple prospects to be modelled for drill targeting at the Frewena Far East Project.
The large target found at Mt Lamb commences around 200 metres below surface.
"This body is 300 metre wide at the top and approximately 1000 metre wide at the base, which is constrained only by the extent of the modelling," the company explained.
A reconnaissance drill-hole has been proposed for the prospect that would intersect the gravity-magnetic target over a down-hole interval of more than 600 metres.
An airborne magnetics and radiometrics survey is now underway at the southern parts of the Frewena Far East Project, the majority of Frewena East and all of the Frewena Frontier Project, with approximately 12 per cent of the survey completed.
Just before the market opens this morning, Inca is sitting at 12.5 cents per share.