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- Inca Minerals (ICG) has received recommendations to drill 14 targets and 21 holes for a total of 11.5 kilometres over its Riqueza Project in Peru
- An independent consultancy assessed previous exploration work and samples to delineate targets which are prospective for various mineralisation styles
- The main targets come from the NE Area, SW Area and the Ajo Orjo Area
- However, the Pampa Corral Area has also been included, with four holes for 2600 metres recommended for drilling
- The ultimate drilling program and recommendation report will be finalised in the next few weeks
- Company shares remain in the grey and are trading for 0.2 cents each
Inca Minerals (ICG) has received recommendations for a number of priority targets to be drilled at its Riqueza Project in Peru.
These recommendations come from an independent consultancy who assessed previously conducted airborne magnetic and radiometric, soil geochemical, mapping and rock chip sampling, and induced polarisation (IP) programs.
A total of 14 individual targets, 21 drill platforms and 21 holes for a total of 11.5 kilometres of drilling have been highlighted across three areas of interest. These include the NE Area, the SW Area and the Ajo Orjo Area, which are said to host highly significant targets.
Specifically, a total of nine holes and 4670 metres is recommended at the NE Area. Targets here are defined by strong IP anomalies, coincident magnetics, geochemistry and 3D inversion models.
Five holes for 2440 metres of drilling is recommended at the SW Area, while four holes for 2600 metres of drilling is recommended at the Pampa Corral Area.
Furthermore, three holes for 1800 metres of drilling is recommended at the Ajo Orjo Area.
These targets demonstrate “compelling,” multi-level coincident geophysical and geochemical anomalism with known mineralisation, alteration and pathfinder halos.
Mineralisation styles include porphyry, skarn, epithermal, carbonate replacement and volcanic-hosted massive sulphide (VMS).
Because the targets are large, each and every one is considered a stand-alone opportunity for the discovery of significant zones of mineralisation.
“As an independent recommendation that is based on thorough and thoughtful examination of exploration data, shareholders and investors may be confident that drilling is fully warranted and de-risked to the extent it can,” Managing Director Ross Brown said.
Inca Minerals is now waiting on a formal and final drill program recommendation report from the consultancy. The program will be finalised over the next few weeks.
Company shares remain in the grey and are trading for 0.2 cents each at 11:53 am AEST.
