Inca story just keeps getting better with strong manto assay results
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
Shares in Inca Minerals (ASX:ICG) could experience another strong run on Tuesday after spiking 40% last week when it announced that further high-grade mineralisation had been identified through assays acquired at its Riqueza project.
Of course investors should be mindful of share price fluctuations as past performance is no guarantee of future performance.
As a backdrop, assay results released last week included a new peak zinc value of 34% at the Humaspunco prospect, and at that stage it had been confirmed that the deposit posted 36 known mineralised veins.
A continuation of strong zinc, silver and lead mineralisation has been identified in extensive mantos at the Humaspanco prospect. Mantos are a flat lying, bedded ore deposit, usually copper, lead, zinc, silver. This terminology is mainly used in South America for a hydrothermal replacement deposit of carbonate beds.
The 33.4% zinc and 540 grams per tonne silver mineralisation peak grade was delineated in mantos (as opposed to veins last week) and this set a new peak in relation to this form of assay. Inca has announced it has now discovered at least 18 mantos at its Riqueza project. Exceptionally high average grades of 12.48% Zn, 261g/t Ag and 10.50% Pb across all samples from 15 of these mantos has now been reported in the Company’s latest exploration program. The Company has also identified another prospect on the project with a new manto being discovered at the Pinta prospect with a peak grade of 10.39% zinc.
Managing Director, Ross Brown, highlighted that vein hosted zinc, silver and lead mineralisation at Riqueza was consistently very high grade and widespread, leading him to speculate that the newly discovered mantos provide every reason to be extremely optimistic about the scale and potential of the project.
It should be noted here that while optimistic, there is still some way to go for ICG on the project and therefore consideration of the stock for your portfolio should be made with a cautious approach and professional financial advice.
On this note, Brown said today, “Manto mineralisation at Humaspunco and Pinta is widespread, including 14 new manto locations identified during the program with the sequence now extending from Humaspunco West to Pinta over an area approximately 2000 metres (east-west) and 800 metres (north-south)”. Providing further promise is the fact that this trend is open ended to the south.
Brown said the latest results confirmed extensive and very high grade mineralisation in both the veins and the mantos at Riqueza, exceptionally pleasing and very compelling in terms of implications for the project’s potential scale.
The following satellite image shows the Humaspunco and Pinta prospects with pale yellow shading, indicating that projected expanse of the upper manto sequence, connecting outcrop occurrences of three manto horizons (thick yellow lines). The pale beige shading shows the projected expanse of the lower manto sequence, connecting outcrop occurrences of a fourth manto horizon (thick beige lines).
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.
