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Inca Minerals Ltd.

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Summary

Project:

Riqueza

Deposit:Humaspunco
Location:Peru
Commodities:Silver-Lead-Zinc
Date:10/2/2017
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resources Definition
Report details:2-10-2017: Inca Minerals Ltd. announces an Exploration/Drilling Update report for its Humaspunco deposit at the Riqueza project. Drilling results incl. 1.2m @ 0.85% Zn, 76g/t Ag, 6.8% Pb from 88.4m. Inca Minerals Limited (Inca or the Company) (ASX code: I
Resources:x
CP/QP:[Overall Report]: Ross Brown (Internal)
ABSTRACT:Inca Minerals Limited (Inca or the Company) (ASX code: ICG) has received assay results for its detailed mapping and channel-sampling program of a large underground mine working located at Humaspunco, Riqueza Project and has also received assay results and detailed core data for drill hole RDDH-015. The very strong grades achieved by the channel sample program of the mine working include: Vein EW HV- 02: Channel 8 (1.75m true width) averaging: 6.12% Zn, 34.6g/t Ag, 2.59% Pb, including peaks 21.71% Zn, 163.0g/t Ag, 12.40% Pb; Channel 9 (0.4m true width): 6.26% Zn, 99.0g/t Ag, 4.30% Pb; and Channel 7 (0.85m true width) averaging: 5.23% Zn, 192.6g/t Ag, 14.77% Pb, including peaks 5.31% Zn, 236.0g/t Ag, 17.21% Pb. Channels 9, 8 and 7 are from exposures of the vein HV-02; NS vein: Channel 1 (1.40m true width) averaging: 3.09% Zn, 54.3g/t Ag, 3.55% Pb; Channel 2 (3.80m true width) averaging: 2.55% Zn, 80.3g/t Ag, 7.79% Pb; Channel 3 (3.50m true width) averaging: 2.75% Zn, 105.4g/t Ag, 8.81% Pb (Figure 1). The Company has also received assays and detailed core logging data for drill hole RDDH-015, the fourth and final hole drilled into the Callancocha Structure in Phase 1 drilling at Humaspunco Prospect. Assay results from RDDH-015 (this announcement – Table 3), RDDH-010 and RDDH-011 (ASX announcement 1 August 2017), and RDDH-012 (ASX announcement 6 September 2017) confirm that the Callancocha Structure hosts zones of high-grade Zn-Ag-Pb mineralisation within pervasive zones of low-grade Zn-Ag-Pb mineralisation

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