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Inca Minerals Ltd

Inca Minerals identifies 935 hectares of priority targets in Peru

The priority targets cover 15% of the total project area.

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Inca Minerals Ltd (ASX:ICG) has unveiled multiple porphyry and porphyry-skarn targets after the final interpretation of its Greater Riqueza Project geophysics was completed this week.

The company re-emerged from a trading halt today to report 22 prioritised targets had been defined with the interpretation work of its Peruvian project.

READ: Inca Minerals confirms strong zinc, silver and lead mineralisation in Manto channel-sampling

The Western Australian company said more than 60 magnetic and radiometric anomalies had also been identified, along with more than 20 intrusive stocks.

Yanacollpa porphyry and porphyry-skarn target-centre was upped in size and now hosts three adjoining targets declared of the highest priority.

Palcacandha porphyry target-centre doubled in size, now hosting five highest priority targets.

Tayapampa porphyry-skarn target-centre also increase, to host two adjoining priority targets.

All six Riqueza prospect areas — Humaspunco, Pinta, Uchpanga, Colina Roja, Pampa Corral and Alternation Ridge — host either defined targets, anomalies and interpreted intrusive stocks.

Next steps

Inca managing director Mr Ross Brown said: “This detailed and independent interpretation for the geophysics data of Riqueza reveals the full potential of the project area.

“With known porphyries, skarns and mines north, south, east and west, we now have nearly two dozen porphyry and porphyryskarns targets to test. It is an extremely compelling result.”

Forty-one per cent of the targets are the highest rated category, forming a part of the 24.31 linear kilometre and 935 hectare area deemed to be the priority targets.

The company reported: “In terms of shape and configuration, the targets are consistent with that of geophysical signatures of porphyry and porphyry-skarn systems.”

This is 15% of the project area.

Quick facts: Inca Minerals Ltd

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Market Cap: $9.4 m
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