logo-loader

Inca Minerals’ initial holes intersect sulphides at gold, silver and copper project in Peru

Published: 15:20 20 Sep 2013 AEST

no_picture_pai

Inca Minerals (ASX: ICG) has completed drilling three holes to test shallow epithermal targets at the Chanape project in Peru and is waiting on the results.

All three holes intersected altered, sulphide-bearing volcanics and breccia zones.

Chanape is strategically located between Lima and the Toromocho copper, molybdenum, silver porphyry development owned by Chinalco Mining Corp International (HKG: 3668).

The company had generated 43 epithermal and porphyry drill targets have been generated across the within the Phase 1 and Phase 2 surface exploration areas, leading the company to expand its 2013 drilling program.

The remaining holes will be drilled following approval from the Ministerio de Energía y Minas of a modified permit, which is currently well advanced.

Chanape hosts epithermal gold and silver mineralisation to a known vertical depth of approximately 200 metres, with mineralisation most commonly associated with breccia bodies, but now also known to occur in altered intrusive rocks and volcanics.

Adding to the potential of the project, Chanape also hosts copper-molybdenum-silver-gold porphyry mineralisation with drilling earlier in the year intersecting mineralised porphyry below an epithermal gold-silver-bearing breccia body.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

Australian Strategic Materials signs US$600 million LoI

Rowena Smith, CEO and managing director of Australian Strategic Materials Ltd (ASX:ASM, OTC:ASMMF), joins Jonathan Jackson in the Proactive studio to discuss the company’ s Dubbo Project, in Central West New South Wales. This project aims to extract and process critical minerals and rare earth...

8 hours, 49 minutes ago