logo-loader
viewInca Minerals Ltd

Inca Minerals hits high gold grades in Peru as potential grows

au_south_america350_561c7dd787e94.jpg

Inca Minerals (ASX:ICG) has detected gold grades as high as 18.2g/t in an open-ended vein of the company’s Chanape porphyry project in Peru.

Another sample marked a grade of 13.7g/t gold, helping revise the interpretation of the Chujcula vein which has returned a 3-metre intersection grading 10.83g/t gold, including 2 metres at 15.8g/t gold from 288 metres downhole.

The latest batch of assays followed up first-pass exploration at Chujcula where 3 metres of material has been found at 10.83g/t gold, 17.10g/t silver, 0.28% copper and 0.44% zinc from 287 metres. This sample contained 2 metres at 15.8g/t gold from 288 metres and 22.2g/t silver from 287 metres.

Another hole at Chujcula has returned grades of 3.41g/t gold, 26.0g/t silver and 0.31% copper at 97 metres.

Chujcula occurs in close juxtaposition to a broadly mineralised breccia and appears to be structurally related to it, while deriving its metal payload from melts associated with the underlying quartz monzonite/monzodiorite porphyry.

Preliminary 3D projections at Chanape have suggested a high sulphide zone may represent a strike and depth extension of Chujcula. If so, Chujcula would extend over 260 metres vertically, be open-ended at depth and be open-ended in the east-west direction.

Earlier this week, the discovery of a second porphyry at Chanape cemented the porphyry bona fides of the project. commensurately enhancing its exploration potential and value.

The multi-porphyry nature of Chanape geology reinforces its likeness to the 2.15-million-tonne Toromocho porphyry mine located only 30 kilometres to the northeast.

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong.

Quick facts: Inca Minerals Ltd

Price: 0.002 AUD

ASX:ICG
Market: ASX
Market Cap: $8.32 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Cellmid makes key retail collaborations and continues to kick strategic goals

Cellmid Limited (ASX:CDY) chief executive officer and managing director Maria Halasz updates Proactive on a number of recent key announcements, including a new collaboration with a major retail chain in Europe, a new agreement to sell Evolis in 400 Priceline pharmacies and signing up with the...

26 minutes ago

2 min read