- Inca Minerals (ICG) has completed an initial soil sampling program at the Frewena East Project in the Northern Territory
- Previous work at the project saw the company identify a discrete circular anomaly that has been named the Roadhouse Target
- The aim of this program was to evaluate the potential of various iron-oxide copper-gold and sedimentary exhaustive mineral deposit targets
- All up, 45 soil samples and seven rock chip samples were taken from Roadhouse and samples have been submitted to the laboratory for analysis
- Inca has ended the day 1.10 per cent in the green with shares trading at 9.2 cents
Inca Minerals (ICG) has completed an initial soil sampling program at the Frewena East Project in the Northern Territory.
It lies 800 metres west of Middle Island Resources’ (MDI) Crosswinds Prospect which has returned up to 76.2 per cent copper.
Previous work at Frewena East saw Inca identify a discrete circular anomaly that has been named the Roadhouse Target.
Middle Island’s Crosswind Prospect lies on the western portion of Roadhouse and Inca believes they are associated.
The aim of this soil sampling program was to evaluate the potential of various iron-oxide copper-gold (IOCG) and sedimentary exhaustive mineral deposit (SEDEX) targets.
All up, 45 soil samples and seven rock chip samples were taken from Roadhouse and samples have been submitted to the laboratory for analysis.
“The Frewena Project is located in the heart of an exciting new exploration frontier in the East Tennant IOCG field, where we believe the potential for tier-one IOCG/SEDEX discoveries below the Georgina Basin cover is very high,” Managing Director Ross Brown commented.
“The potential of this area has been validated by the recent Middle Island copper discovery at Crosswinds and we are looking forward to receiving the results of our first field sampling program which we believes will provide us with further insights into the significant exploration potential of this area,” he added.
Inca has ended the day 1.10 per cent in the green with shares trading at 9.2 cents in a $34.49 million market cap.