- Inca Minerals (ICG) begins its maiden drill program at the Frewena iron oxide copper-gold (IOCG) and base metals project in the Northern Territory
- Drill rig one has begun drilling at the Mount Lamb South West Target to test a strong, coincident magnetic-gravity anomaly
- Further, a second rig has begun drilling at the Roadhouse Target to test a gravity anomaly on a southwest-northeast-trending structure
- Work at both targets with begin with reverse circulation drilling before moving on to diamond core and tail drilling
- Shares in Inca are steady on the market and are trading at 15 cents
Inca Minerals (ICG) has begun its maiden drill program at the Frewena iron oxide copper-gold (IOCG) and base metals project in the Northern Territory.
Drill rig one has begun drilling hole MLSWDDP003 at the Mount Lamb South West Target which has a planned depth of one kilometre to test a strong, coincident magnetic-gravity anomaly on the structure.
Reverse circulation (RC) pre-collars will be drilled before diamond core drilling is completed to the planned depth.
A second rig has begun drilling hole RHDDP001 at Inca’s Roadhouse Target which also has a planned depth of one kilometre to test a gravity anomaly on a southwest-northeast-trending structure.
This structure occurs in the vicinity of Middle Island’s (MDI) Crosswinds target, which hosts known copper mineralisation, and along strike of the Mount Lamb Target.
Four RC holes will be drilled with diamond tails to follow.
Composite sampling is also being completed of the Georgina Basin lithologies to collect geochemical information to aid in further exploration vectoring and to assess the phosphate potential within the geological formations.
Shares in Inca were steady on the market and were trading at 15 cents at 11:20 am AEDT.