Inca Minerals hits multiple copper intersections at Chanape

THE DRILL SERGEANT: Inca Minerals (ASX: ICG) has received assay results for the third deep hole to be drilled at the company’s Chanape project in Peru.

The drilling has encountered four broad zones of mineralisation, averaging between 0.58 per cent copper equivalent (CuEq) and 0.43 per cent CuEq, forming a contiguous down-hole section of 177 metres from 770 metres.

Inca clarified this composite section includes down-hole intersections greater than one per cent CuEq over 62m between 770m and 1,047m.

These zones of mineralisation are contained within a broader zone of mineralisation with a down-hole intersection of 283m at 0.32 per cent copper, 6.73 grams per tonne silver and 83ppm molybdenum [0.41 per cent CuEq] from 764m.

Intersections include:

97m down-hole interval at 0.46 per cent copper, 9.48g/t silver , 106ppm molybdenum [0.58 per cent CuEq], from 770m, including:

11m interval at 1.39 per cent copper, 29.93g/t silver and 263ppm molybdenum [1.76 per cent CuEq] from 770m;

7m interval at 1.17 per cent copper and 24.47/t silver [1.4 per cent CuEq] from 809m; and

8m interval at 0.94 per cent copper, 16.98g/t silver and 286ppm molybdenum [1.19 per cent CuEq] from 837m.

30m down-hole interval at 0.93 per cent copper, 18.72g/t silver, [1.11 per cent CuEq] from 886m;

24m down-hole interval at 0.37 per cent copper, 6.5g/t silver, [0.43 per cent CuEq] from 970m; and

26m down-hole interval at 0.5 per cent copper, 10.88g/t silver, [0.60 per cent CuEq] from 1,021m, including:

6m down-hole interval at 1.18 per cent copper, 25.37g/t silver, [1.42 per cent CuEq] from 1,040m.

Anomalous metre intervals (individual samples) returned:

770m-771m at 2.98 per cent copper;

773m-774m at 1.38 per cent copper, 21.4g/t silver, 450ppm molybdenum [1.73 per cent CuEq];

774m-775m at 1.28 per cent copper, 23.7g/t silver, 464ppm molybdenum [1.65 per cent CuEq];

775m-776m at 1.37 per cent copper, 28g/t silver, 258ppm molybdenum , 0.22g/t gold [1.83 per cent CuEq];

812m-813m at 4.96 per cent copper;

838m-839m at 4.01 per cent copper, 900ppm molybdenum [4.3 per cent CuEq]; and

890m-891m at 2.44 per cent copper.

 

The favourable topography at Chanape means an open-cut design
that mines the vein style gold-silver-copper-lead and breccia style
gold-silver-copper occurrences before mining the deeper
copper-molybdenum-silver porphyry style mineralisation is possible.
Source: Company announcement

 

“The results signal that the porphyry system at Chanape contains copper, silver, molybdenum grades of potential economic importance,” Inca Minerals said in its ASX announcement.

“As such, Chanape is confirmed as a genuine copper-silver-molybdenum porphyry discovery of regional significance.”

Inca has paused its drilling at Chanape in order to collate data from recent drilling.

“Using results from detailed logging, alteration, geochemistry and hydro-thermal clay mapping the next phase of drilling will target further extensions of the mineralised porphyry system now building at Chanape,” the company said.

Email: info@incaminerals.com.au

Website: www.incaminerals.com.au