- Inca Minerals (ICG) set to kick off a maiden drilling program at its Frewena iron oxide copper gold (IOCG) and base metals project in the Northern Territory
- The 20,600-metre reconnaissance program is testing multiple IOCG and sedimentary exhalative targets, with two drill rigs set to carry out the work
- Inca says using two rigs doubles drilling rates and halves program completion times while providing flexibility in target coverage and drill-hole sequencing
- Mobilisation of the first rig is due to commence this week
- ICG shares last traded at 10.5 cents on March 21
Inca Minerals (ICG) is gearing up for a maiden drilling program at its Frewena iron
oxide copper gold (IOCG) and base metals project in the Northern Territory’s East Tennant Province.
Two drill rigs will carry out the deep, 20,600-metre reconnaissance program, with the first to start work in the north of the project terrain at the Mount Lamb area within two to three days.
The company said multiple IOCG and sedimentary exhalative (SEDEX) targets will be drilled at Mount Lamb south-west, Mount Lamb north-east, Desert Creek and Plains.
The second drill rig, which Inca to be ready next week, will probe the Jumping Spider, Roadhouse, Alpaca Hill and South West targets in the southern area of the project. .
Managing Director Ross Brown said the use of two rigs allowed drilling rates to be doubled and program completion times halved.
“(It also) provides flexibility in target coverage and drill-hole sequencing,” he said.
“If strong visible mineralisation is intersected, we have the option to immediately follow up with step-out drilling. The second rig is still available to continue testing the other targets.”
Inca has appointed experienced exploration geologist Dr Emmanuel Wembenyui to supervise the drilling.
With the company’s Mount Isa field base operational, the core logging, cutting, sampling and storage facilities will be installed ahead of receiving the first consignment of core from the Frewena drilling program.
ICG shares last traded at 10.5 cents on March 21.