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Inca Minerals Ltd.
Summary
| Project: | Riqueza | |
|---|---|---|
| Deposit: | Uchpanga | |
| Location: | Peru | |
| Commodities: | Gold-Silver-Copper-Lead-Zinc | |
| Date: | 6/16/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 16-6-2017: Inca Minerals Ltd. announces an Exploration/Drilling Update report for its Uchpanga deposit at the Riqueza project. Drilling results incl. 1m @ 0.01g/t Au, 135g/t Ag, 6139ppm Pb, 9883ppm Zn, 1808ppm Cu from 118m. Inca Minerals Limited (Inca or | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Ross Brown (Internal) | |
| ABSTRACT: | Inca Minerals Limited (Inca or the Company) (ASX code: ICG) has received assays and detailed core logging data of all holes completed at the Riqueza Project’s Uchpanga Prospect: RDDH-006 and RDDH-007 (drilled on platform 20) and RDDH-008 and RDDH-009 (drilled on platform 19). The compilation of drill sections, now possible, has led to the recognition of multiple zones of gold (Au), silver (Ag), zinc (Zn), lead (Pb) and copper (Cu) mineralisation which appear to be parallel to lithology (or stratiform). The sulphides and alteration types are indicative of hydrothermal processes, which may be associated with intrusive activity. This interpretation is consistent with Riqueza’s intrusion-related replacement exploration model and elevates Uchpanga as an Aufocussed part of the larger Riqueza Project area. The Uchpanga Prospect is in the southern third of the Riqueza Project and hosts a line of old workings located along an east-west trending gossan that has a contiguous strike length of approximately 750m. Prior to Inca’s involvement Uchpanga was considered an Ag prospect with associated Zn, Pb and possible Au (unconfirmed) associated with a single vein or dyke structure. The peak Ag grade in pre-Inca sampling is 2,668g/t. During 2016, the Company conducted several surface programs that confirmed very strong silver grades and occurrence of gold at Uchpanga. The largest mine working at Uchpanga, Rita Maria, was inspected and several specimens were sampled. This sampling returned several plus-1g/t Au values and bonanza grade Ag assay results, including peaks: 2.65g/t Au, 920g/t Ag (ASX announcement 2 June 2016) and 3.59g/t Au, 799g/t Ag (ASX announcement 15 August 2016). | |
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