- Inca Minerals (ICG) prepares for drilling program at Frewena Group Project after it completes ground gravity survey
- The ground gravity survey included a total of over 2500 survey stations at five grids
- Processing of gravity data and integration of results with the existing database is underway to refine the drill hole design and priorities
- Inca is planning to drill the area in the fourth quarter of this year, with drill companies currently being shortlisted and drill approvals are being finalised
- On the market close for the day, Inca is in the grey and trading at 10.5 cents per share
Inca Minerals (ICG) has prepared for drilling as it completes ground gravity survey at the Frewena Group Project in Northern Territory.
A total of 2513 gravity stations were surveyed over five in-fill grids covering a number of priority one targets at the Frewena Fable, Frewena East and Frewena Far East projects.
Processing of gravity data and integration of results with the existing database is underway to refine the drill hole design and priorities.
The Frewena Group is considered to be highly prospective for large-scale iron oxide copper gold and sedimentary exhilarative mineralisation.
Inca is planning to drill the area in the fourth quarter of this year, with drill companies currently being shortlisted and drill approvals are being finalised.
The initial targets being drilled include Mount Lamb, Jumping Spider and Roadhouse.
Additionally, to further strengthen its East Tennant portfolio, the company is pleased to have submitted two new exploration licence applications.
On the market close for the day, Inca is in the grey and trading at 10.5 cents per share.