Largest zinc-silver-lead target defined by Inca at Riqueza
Shares in Inca Minerals (ASX:ICG) opened nearly 10% higher on Thursday morning after the company released some of its most promising exploration results to date.
It should be noted that share trading patterns should not be used as the basis for an investment as they may or may not be replicated. Those considering this stock should seek independent financial advice.
Recently resumed mapping and sampling at the Riqueza project has resulted in the delineation of rich new forms of mineralisation, resulting in management taking the decision to extend the surface mapping and sampling program to other parts of the Humaspunco Hill. The drilling campaign will include these new targets.
The recent work has resulted in the identification of a large structure, the Callancocha Structure, as being a major new drill target. It is believed to be a feeder zone responsible for much of the Zn-Ag-Pb mineralisation at Humaspunco. It is a large project-scale fault comprising several mineralised veins, up to 5m thick. Importantly, mineralisation associated with it appears to continue unbroken into the adjacent cross-cutting EW veins and mantos.
Another mineralised structure has been recognised that runs perpendicularly to the Callancocha Structure. This fault is probably related to regional folding.
The occurrence of mineralised faults, mineralised breccia-faults and mineralised tension gashes strongly indicate that fluids bearing zinc, silver and lead were pumped into the limestone sequence when the faults were active.
The recent results are very positive says ICG’s Managing Director Ross Brown. “There are more mineralised structures, veins and breccias occurring at the surface at Humaspunco than previously indicated; that mineralisation now appears continuous between the Callancocha Structure and the EW veins and mantos and; that mineralisation is now believed linked to fault activity.
There is an expectation that because of this mineralisation at Humaspunco “we may see even more mineralisation continue at depth than we already see at surface” Mr Brown concludes.
Short-term positions in small, early stage ASX companies,
with high potential and near term price catalysts.
Focusing on resource exploration, early-stage tech, and biotech.
Exceptional opportunities across a broad range of
early-stage growth sectors with strong management.
Seeking 1,000% plus returns across medium to long-term holds.
Longer-term positions in a variety of sectors.
Seeking strong management where traction is established and have entered into a growth phase.
S3 Consortium Pty Ltd (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 only. Any advice is general advice only. Neither your personal objectives, financial situation nor needs have been taken into consideration. Accordingly you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice.
Conflict of Interest Notice
S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.
The information contained in this article is current at the finalised date. The information contained in this article is based on sources reasonably considered to be reliable by S3 Consortium Pty Ltd, and available in the public domain. No “insider information” is ever sourced, disclosed or used by S3 Consortium.