Total
0
Shares
Inca Minerals (ASX:ICG) - Managing Director, Ross Brown - The Market Herald
Managing Director, Ross Brown
Source: Inca Minerals
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Inca Minerals (ICG) has intersected up to 9.65 per cent copper from the Ningaloo Prospect at the Jean Elson Project in the Northern Territory
  • The company has received results from a recent rock chip sampling program completed across the Camel Creek and Mt Cornish South prospects
  • Overall, up to 9.65 per cent copper, 3.21g/t gold, 2.92g/t silver and 957 parts per million bismuth was encountered
  • The results have aided in the discovery of new mineralised veins and extended the previously identified quartz-hematite veins
  • Inca will now undertake a 30,000 line kilometre airborne magnetic-radiometric survey over the entire Jean Elson Project with work beginning in September
  • Shares in Inca are up 3.33 per cent on the market and are trading at 15.5 cents

Inca Minerals (ICG) has intersected up to 9.65 per cent copper from the Ningaloo Prospect at the Jean Elson Project in the Northern Territory.

The company has received results from a recent rock chip sampling program completed across the Camel Creek and Mt Cornish South prospects.

Of the 45 samples collected, peak assays were 3.21g/t gold and 1.89 per cent copper.

Additionally, Inca identified a 70-metre wide zone with periodic host rock and veining which included strong copper results peaking at 9.65 per cent.

Elevated bismuth and silver was also returned, with up to 957 parts per million (ppm) bismuth and 2.92g/t silver encountered.

The results have aided in the discovery of new mineralised veins and extended the previously identified quartz-hematite veins.

Copper mineralisation is now present over a 1.25-kilometre wide zone that remains open in all directions.

Inca will now undertake a 30,000 line kilometre airborne magnetic-radiometric survey over the entire Jean Elson Project with work set to be co-funded by the Northern Territory Government.

The company has also received permits to begin drilling at the Riqueza Project in Peru after COVID-19 caused travel and work restrictions.

Shares in Inca are up 3.33 per cent on the market and are trading at 15.5 cents at 12:25 am AEST.

ICG by the numbers
More From The Market Herald
Gold Mountain (ASX:GMN) - CEO, Tim Cameron (centre) - The Market Herald

" Gold Mountain (ASX:GMN) finds three more drill targets at Mt Wipi

Gold Mountain (GMN) has identified more prospective drill targets at the Mt Wipi Project in Papua New Guinea.
eMetals (ASX:EMT) intersects high-grade gold at Twin Hills

" eMetals (ASX:EMT) intersects high-grade gold at Twin Hills

eMetals (EMT) has received results from drilling at the Twin Hills Project in Western Australia.
Zuleika Gold (ASX:ZAG) completes drilling at Credo

" Zuleika Gold (ASX:ZAG) completes drilling at Credo

Zuleika Gold (ZAG) has completed its 27-hole reverse circulation (RC) drilling program at the Credo Project in Western Australia.
Silver Mines (ASX:SVL) hits 1826g/t silver at Bowdens

" Silver Mines (ASX:SVL) hits 1826g/t silver at Bowdens

Silver Mines (SVL) has intersected up to 1825 grams of silver per tonne (g/t) from the Bowdens Silver Project in New South Wales