- Inca Minerals (ICG) confirms a high-priority target at the Roadhouse Prospect, located on the Frewena East Project in the Northern Territory
- According to the company, there is a very close overlap between the target and the Roadhouse Prospect
- Inca will now complete a ground gravity survey at the prospect, which is expected to commence over the company days
- On the market today, Inca was up 7.14 per cent and trading at 10.5 cents per share
Inca Minerals (ICG) has confirmed a target at the Roadhouse Prospect, located on the Frewena East Project in the Northern Territory.
Target RP-FE-01 has been confirmed as a high priority target, and, according to the company, closely overlap between the target and the Roadhouse Prospect.
Notably, the target also extends the nearby Newcrest Mining (NCM) and Middle Island Resources (MDI) tenements to the south.
Roadhouse is about 7.5 kilometres across and includes semi-coincident magnetic-high and gravity-high anomalies.
Inca will now complete a ground gravity survey at the prospect, which will be part of the larger gravity survey program over the Frewena Project.
The gravity survey is scheduled to commence in the coming days but could be delayed due to COVID-19 restrictions.
Additionally, at Inca’s Riqueza in Peru the first hole of the drilling program has now been completed.
Notably, there is evidence of a possible porphyry system in proximity.
On the market today, Inca was up 7.14 per cent and trading at 10.5 cents per share at 12:08 pm AEST.