- Inca Minerals (ICG) has identified significant mineralisation to the south of its Riqueza Project in Peru
- Inca recently conducted a mapping and sampling program at one of its mining application areas which aimed to extend mineralisation to the south of Riqueza
- Pleasingly, the program also identified two new targets — one of which is prospective for high-grade copper
- While the other target doesn’t host high-grade copper, it’s significant due to the occurrence of a small porphyry intrusion and widespread phyllic alteration
- Following this, Inca Minerals will carry out low-cost mapping and sampling at the targets before drilling begins at Riqueza
- Company shares are up 5.56 per cent and are trading for 5.7 cents
Inca Minerals (ICG) has identified significant mineralisation to the south of its Riqueza Project in Peru.
A mapping and sampling program was recently conducted within Inca’s Ccarhua I mining concession application area. The work is aimed at extending Riqueza’s mineralised system to the south as well as finding new mineralised systems.
Not only did mapping and sampling confirm significant mineralisation at the new mining application area, but it also generated two new targets.
The first new target, known as Cerro Vicuña, hosts copper mineralisation with a peak value of 4.55 per cent copper.
The second target, Cerro Ccarhua, is located 800 metres southeast of Cerro Vicuña. Mapping has identified multiple alteration zones that are associated with iron/manganese-oxide stained breccias and quartz-calcite veins within a sequence of volcanic country rock.
Cerro Ccarhua doesn’t host copper grades as high as those at Cerro Vicuña or at Riqueza, however, Inca considers it to be a strong target due to the occurrence of a small porphyry intrusion and widespread phyllic alteration.
Following this work, Inca Minerals will carry out low-cost mapping and sampling at Cerro Ccarhua and Cerro Vicuña before drilling begins at Riqueza.
This program is planned for December and January to focus on the
known mineralisation and to cover areas that haven’t yet been traversed.
Additional mapping and sampling will also occur in Inca’s uncontested Gutierrez II mining concession application area.
Company shares are up 5.56 per cent and are trading for 5.7 cents at 12:47 pm AEDT.