Inca Minerals entertains callers at Chanape.

THE DRILL SERGEANT: Inca Minerals (ASX: ICG) claims to have fielded unsolicited approaches from middle tier and major resource companies for agreement to visit the company’s Chanape project in Peru.

The approaches have included requests to access confidential technical and corporate information regarding the project.
 

For commercial and legal reasons Inca is remaining coquettish at this stage and won’t be revealing the identity of it suitors any time soon as it has already signed a Confidentiality Agreement not to do so and is currently negotiating others.

 

A schematic cross-section presented as the Porphyry Model for
Chanape. It is not to scale but shows the position of the company’s
three deep drill holes, the three known forms of porphyry and
porphyry-related mineralisation at Chanape, and shows how multiple
“ore-zones” may typically occur in a large porphyry system, such as at
Toromocho and as indicated at Chanape. Source: Company announcement

 

Work carried out by Inca at Chanape has revealed an open-ended zone of porphyry mineralisation has been identified in recent drilling, identifying a total of some 75 breccia bodies with around 40 drill targets generated.

To date Inca has completed 11 diamond drill holes (three deep holes for porphyry drilling and eight shallow holes for shallow epithermal drilling).

Exploration and drilling at Chanape has demonstrated the presence of three known styles of mineralisation, all of which Inca said are known to be related to porphyry systems.

These are:

Gold, silver and copper mineralisation occurring in association with the Chanape breccia pipes and altered volcanics;

Gold, silver, copper and lead mineralisation occurring in association with three large vein systems occurring at Chanape; and

Copper, molybdenum, silver and gold mineralisation occurring in association with porphyritic
monzodiorite and hydrothermal brecciation.

“It is the company’s strongly held view that Chanape hosts a fully preserved copper, molybdenum, silver, gold porphyry system,” Inca Minerals said in its ASX announcement.

“It is believed that, not unlike the mega-sized Toromocho deposit 30 kilometres away, Chanape is well placed to potentially become a multi-ore-zone, super-sized mine development.

“The early exploration results and the interest subsequently shown from major companies affirm the strong potential of Chanape.”

Email: info@incaminerals.com.au

Website: www.incaminerals.com.au