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Inca Minerals raising funds for porphyry drilling in Peru

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Inca Minerals (ASX:ICG) is raising capital, with the ASX granting the company a trading halt.

Inca's shares are currently in pre-open.

Highlights from the company's Chanape project in Peru include: 55 metres at 2.3% copper, 0.6g/t gold and 42.9g/t silver from close to surface.

Mineralisation provides nexus between upper epithermal Au-Ag-Cu mineralisation and lower porphyry Cu-Mo-Ag mineralisation.

Extensive target area provides upside for large scale porphyry system.

New permit set to deliver 22,500 metre drilling capacity.

The halt will be in place until the opening of trade on Monday 28th July 2014, or earlier if an announcement is made to the market.

 

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Quick facts: Inca Minerals Ltd

Price: 0.0025 AUD

ASX:ICG
Market: ASX
Market Cap: $7.85 m
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