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- Inca Minerals (ICG) are touting a new round of interpretational results at its Frewena Projects in the Northern Territory, highlighting their “outstanding” prospectivity
- The explorer is looking to determine the Iron Oxide Copper Gold (IOCG) and Sedimentary Exhalative (SEDEX) potential of the Northern Territory situated projects
- According to Inca, the interpretations have revealed coincident magnetic-gravity models, extending targets to depths over 1.5 kilometres
- Inca has engaged an IOCG expert and is completing ground gravity programmes in a bid to further refine drill target definition
- Inca Minerals shares are down 3.03 per cent, trading at 16 cents
Inca Minerals (ICG) said a new round of interpretational results at its Frewena Projects in the Northern Territory highlights their “outstanding” prospectivity.
The results emerge from additional interpretations focussed on the Iron Oxide Copper Gold (IOCG) and Sedimentary Exhalative (SEDEX) potential of the explorer’s Frewena projects in the East Tennant region of the Northern Territory.
According to Inca, these interpretations have continued to refine targeting through the integration of various datasets and 2D and 3D modelling, with coincident magnetic-gravity models, extending targets to depths over 1.5 kilometres.
Additionally, one drill hole was found to contain broad sulphide mineralisation.
More broadly, the ASX-lister affirms the seismic data provides strong support to the Iron Oxide Copper Gold and Sedimentary Exhalative potential within the tenements and further highlight the scale and opportunity at Frewena.
To further refine drill target definition, Inca has engaged an IOCG expert to complete core logging of two drill holes within the prospect to develop a better understanding the style of the mineralised system.
Inca said ground gravity programmes are also being designed to refine and better target potential drill sites for further testing.
Inca Minerals shares are down 3.03 per cent, trading at 16 cents at 12:25 pm AEST.
