Join our daily newsletter At The Bell to receive exclusive market insights
- Inca Minerals (ICG) has identified multiple tier-1 scale targets at its Frewena Projects in the Northern Territory
- Geophysical data identified at least 11 high-priority iron-oxide-copper-gold-like and sedimentary exhalative targets across Inca’s Frewena Far East, Frewena East and Frewena Fable Projects
- Inca says further independent and in-house interpretations may result in the refinement and re-prioritisation of existing targets
- Further independent interpretations are now underway across the greater Frewena Group Project area
- Inca Minerals last traded at 12 cents on May 21
Inca Minerals (ICG) has identified multiple tier-1 scale targets at its Frewena Projects in the Northern Territory.
Inca’s airborne magnetic-radiometric survey data and Government geophysical, geological and drill hole data was used across Inca’s Frewena Far East, Frewena East and Frewena Fable Projects.
The geophysical data recognised at least 11 high-priority iron-oxide-copper-gold-like (IOCG) and sedimentary exhalative targets across the project.
Many of the identified zones appear to be located on, or close to, crosscut structures which have now been interpreted as tectonic transfer zones. The company says these structures play vital roles in the emplacement and location of tier-1 deposits.
The targets were selected due to their similarity and geophysical likeness to other known deposits in the area.
The company previously reported five IOCG-like targets at Frewena East and Frewena Far East but have now generated six targets along the same regional trend.
Inca says further independent and in-house interpretations may result in the refinement and re-prioritisation of existing targets. The program is expected to be completed within two weeks and may result in generate additional drill-worthy targets.
Further independent interpretations are now underway across the greater Frewena Group Project area, particularly at Frewena Fable and Frewena East.
Inca Minerals last traded at 12 cents on May 21.
