ICG:
Highlights
AGES 2021 presentations highlight the high quality pre-competitive exploration effort by dedicated personnel
Hon. Nicole Manison MLA, the Minister for Mining and Industry, announces co-funding Geophysics and Drilling
Collaborations Program to be continued permanently with grants increased to over $9 million per annum
The Government’s objective for drilling the “copper-hole” NDIBK04 was to test mineral systems – now to be
comprehensively assayed for precious and base metals
Government-held NDI drilling blocks to be awarded to applicants from July 2021
And:
Inca’s Managing Director, Mr Ross Brown, said: “The energy and excitement at AGES 2021 was palpable. With increases in
government grants, NDI drilling results and the early co-funding program, exciting results from explorers are now filtering
through.
“The East Tennant region, as well as other regions in the NT – such as the East Arunta, where the Company has the Jean Elson
and Lorna May Projects – the prospectivity and, indeed, the expectation of one or more discoveries of Tier-1 mineral deposits just
got a little more real.
“For shareholders, I am pleased to say that Inca is very well placed in this exciting and rapidly unfolding scenario.”
“At the time of finalising this announcement, we were viewing the core from hole NDIBK04 in the core shed, and we are
immediately impressed by the broad occurrences of sulphides in the hole, including chalcopyrite, bornite, sphalerite, pyrite and
arsenopyrite. Sulphides occur as disseminations, veinlets and veins and reflect multiple phases of mineralisation.
“Within the broad envelope of sulphide mineralisation, there are local zones with between 5% and 15% sulphide by rock volume.
Refer to yesterdays ann. for more info.
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