Riqueza shaping up as epithermal and porphyry system
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 Ltd (ASX:ICG) has received results of geophysical 3D modelling that utilised data from the South32-funded geophysical survey conducted at the Riqueza Project in 2018.
This comes on the back of other exciting developments at the project which is located in Peru.
In July, Inca Minerals received assay results from 22 rock chip channel samples collected during a brief reconnaissance program that was conducted at Riqueza in conjunction with a more detailed expert porphyry/skarn mapping program.
Both programs are part of the Inca-South32 Year-1 exploration campaign.
The assay results as detailed below indicate strong epithermal silver-copper-manganese mineralisation broadly associated with a rhyolite dome and related structures, recently interpreted at Alteration Ridge.
The specific area subject of 3D modelling referred to by management on Monday covers four high priority geophysical targets in the greater Alteration Ridge Area as shown below.
All of these are located within the new Cuncayoc Copper Prospect area and the Huasijaja P-2 target.
Several important magnetic bodies have been identified extending below these surface geophysical targets.
The largest magnetic body identified occurs below the Huasijaja target, and it is approximately 1000 metres long, 400 metres wide and the 500 metres thickness and occurs close to the surface.
Discussing the geological issues at play, Inca’s managing director Ross Brown said, “In the context of intrusive activity, structures created during tensional movement are the most prospective for porphyry emplacement.
“The NE-SW orientation of the recently modelled magnetic bodies is therefore highly encouraging.
‘’It is felt that the newly identified magnetic bodies have a shape and configuration like that of late-stage intrusions and that these are possibly related to the rhyolite dome.
‘’The occurrence of an early-stage rhyolite dome and array of later stage intrusions is entirely consistent with the geological development and internal architecture of epithermal and porphyry systems.’’
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.