Inca Minerals identifies Manto mineralisation


Published 01-AUG-2017 15:12 P.M.


3 minute read

Hey! Looks like you have stumbled on the section of our website where we have archived articles from our old business model.

In 2019 the original founding team returned to run Next Investors, we changed our business model to only write about stocks we carefully research and are invested in for the long term.

The below articles were written under our previous business model. We have kept these articles online here for your reference.

Our new mission is to build a high performing ASX micro cap investment portfolio and share our research, analysis and investment strategy with our readers.

Click Here to View Latest Articles

Inca Minerals (ASX:ICG) has received assays and detailed core logging data relating to drill holes RDDH-003, RDDH-004, RDDH-010 and RDDH-011. RDDH-004 is the first hole designed to test the manto sequence at Humaspunco (as well as several of the HV-series of East-West veins).

A manto sequence with a down hole thickness of approximately 15 metres from a depth of circa 11.5 metres has been identified comprising three stronger mineralised zones, including 3.04% zinc, 208 grams per tonne silver, 1.84% lead over 0.5 metres from 11.45 metres, 3.26% zinc, 99.6 grams per tonne silver, 3.05% lead over 1.2 metres from 14.8 metres and 5.66% zinc, 35.7 grams per tonne silver, 1.84% lead over 2.5 metres from 23 metres.

Of course these results should be considered in line with the broader picture and as ICG is an early stage company, investors should seek professional financial advice when considering this stock for their portfolio.

The following diagram indicates the areas where ICG has been drilling, including earlier holes, RDDH-001 and RDDH-02.

RDDH-010 and RDDH-011 were the first holes designed to test the Callancocha Structure that traverses Humaspunco. A broad zone of mineralisation with a down hole thickness of 67.1 metres from a depth of 7.9 metres was identified in RDDH-010 comprising higher grade zones, including 5.59% zinc, 110 grams per tonne silver, 4.98% lead over 0.9 metres from 33.45 metres (RDDH-010) and 3.27% zinc, 38.4 grams per tonne silver, 3.24% lead over 0.6 metres from 97 metres (RDDH-011).

The following diagram is a geological cross-section showing the coverage of holes RDDH-010 and RDDH-011.

Humaspunco cross section

Commenting on the encouraging nature of these developments, ICG’s Managing Director, Mr Ross Brown said, “Recent drilling has confirmed that both the manto and the Callancocha Structure host significant mineralisation, both of which are very substantial mineralised targets”.

He also noted that the manto is recorded along the perimeter of Humaspunco Hill, which covers an area of about 1.2 kilometres by 800 metres. The Callancocha Structure is 800 metres long at Humaspunco, but as demonstrated by recent drilling, it extends several kilometres to the south-west as far as the new Colina Roja Prospect.

Significant Manto and Structure-hosted mineralisation at Humaspunco

Important takeaways from these recent developments are that there is significant manto mineralisation and structure-hosted disseminated-style mineralisation at Humaspunco.

Mineralised intervals from more recent drill holes completed at Humaspunco are listed below.

Rock sampling results

In addition to strong manto mineralisation, RDDH-004 also intersected all targeted veins with the majority hosting zinc-silver-lead mineralisation. The strongest mineralised vein had grades of 4.4% zinc over 3.75 metres with a peak zinc value of 13.1% over 1 metre.

Consequently, the manto at Humaspunco constitutes a very large exploration target that occurs at a shallow depth below the surface over a large projected area defined by Humaspunco Hill.

The second stage of the phase 1 drilling campaign has recently commenced, beginning with RDDH-012. This sub program is designed to continue the process of drill testing targets generated in surface exploration.

Specific target areas include a zone of the intense workings in the north-east corner of Humaspunco. Holes will test several veins and manto occurrences. In addition, the sub program will follow up on earlier drilling results, including manto and Callancocha Structure mineralisation, as well as the high grade vein at Uchpanga.



General Information Only

S3 Consortium Pty Ltd (S3, ‘we’, ‘us’, ‘our’) (CAR No. 433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information and is for informational purposes only. Any advice is general advice only. Any advice contained in this article does not constitute personal advice and S3 has not taken into consideration your personal objectives, financial situation or needs. Please seek your own independent professional advice before making any financial investment decision. Those persons acting upon information contained in this article do so entirely at their own risk.

Conflicts of Interest Notice

S3 and its associated entities may hold investments in companies featured in its articles, including through being paid in the securities of the companies we provide commentary on. We disclose the securities held in relation to a particular company that we provide commentary on. Refer to our Disclosure Policy for information on our self-imposed trading blackouts, hold conditions and de-risking (sell conditions) which seek to mitigate against any potential conflicts of interest.

Publication Notice and Disclaimer

The information contained in this article is current as at the publication date. At the time of publishing, the information contained in this article is based on sources which are available in the public domain that we consider to be reliable, and our own analysis of those sources. The views of the author may not reflect the views of the AFSL holder. Any decision by you to purchase securities in the companies featured in this article should be done so after you have sought your own independent professional advice regarding this information and made your own inquiries as to the validity of any information in this article.

Any forward-looking statements contained in this article are not guarantees or predictions of future performance, and involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, and which may cause actual results or performance of companies featured to differ materially from those expressed in the statements contained in this article. S3 cannot and does not give any assurance that the results or performance expressed or implied by any forward-looking statements contained in this article will actually occur and readers are cautioned not to put undue reliance on forward-looking statements.

This article may include references to our past investing performance. Past performance is not a reliable indicator of our future investing performance.


Discover Small Cap
Biotech Stocks

Join thousands of other Investors following our stock commentary for Free