I just went back and read the last half dozen announcements. Like most and as mentioned by
@PutUsernameHere the excitment level goes through the roof when you see an announcement hoping it is going to be
THE ONE.
While we see our SP hover around 14c and shake our heads in disbelief, we need to remind ourselves what an outstanding position ICG are in. I for one can see the tremendous opportunities in AUS, but I am a firm believer that Peru will come up with the goods first.
If you need to remind yourselves why everything takes time and why this BOD are clearly not sitting on their hands, read below.
Time restraints - Frustrating.
Outcome - potentially bloody spectacular.
GLTAH
26/8/21
SIGNIFICANT VISIBLE COPPER MINERALISATION DISCOVERED AT
MACAULEY CREEK PROJECT, QLD
Multiple new copper occurrences identified in recent field work, substantially re-rating the project’s potential
Highlights
• Large outcrops with visible copper mineralisation discovered during recent mapping
• Existing prospects confirmed and new prospects discovered in the northern and central parts of the project
• Mount Brown Prospect: Visible skarn-style copper mineralisation, gossanous limestone and gossanous porphyry
• Wallaroo Prospect: Visible skarn-style copper mineralisation extending over 850m strike length
• Carraway North Prospect, renamed the Copper Cliffs Prospect: Visible copper mineralisation extending over
550m strike length, varying in width from 5m to 15m
• Potential for Tier-1 scale porphyry/intrusive-related and skarn discoveries at MaCauley Creek greatly enhanced
27/8/21
BONANZA GRADE SILVER AT RIQUEZA SOUTH PROJECT, PERU
Peak silver at 2,238 g/t quickly upgrades new prospect areas of Riqueza South
Highlights
• Multiple strong silver and copper grades returned from mapping and sampling at new ground at Riqueza South
• Bonanza grade and high-grade silver assay results from sampling at Occorccocha II include:
o 2,238g/t Ag in sample BM-01193 (sample length 0.7m) (Figure 1)
o 899g/t Ag in sample BM-01191 (0.8m)
o 539g/t Ag in sample BM-01194 (1.0m)
o 236g/t Ag in sample BM-01197 (1.0m)
• Trench number 4 at Occorccocha II, grades 621.5g/t Ag over 5.0m (true width) – open ended
• Strong copper assay results from sampling at Occorccocha II also include:
o 2.92% Cu in sample BM-01418 (0.4m)
o 1.95% Cu in sample BM-01185 (0.4m) with 197g/t Ag
o 1.73% Cu in sample BM-01119 (0.8m)
• Strong copper assay results from sampling at Ccarhua II include:
o 2.98% Cu in sample BM-01377 (0.65m)
o 2.92% Cu in sample BM-01366 (0.45m)
o 2.74% Cu in sample BM-01393 (1.2m)
o 2.36% Cu in sample BM-01365 (0.3m)
• Results strongly confirm mineralisation extends between Riqueza (to the north) and Cerro Vicuna/Cerro Ccarhua (to
the south) thus forming a contiguous zone of mineralisation over 14 kilometres
• NE Area drill program update provided with first batch of samples submitted and fourth hole commenced
6/9/21
INCA READIES FOR MAIDEN DRILLING IN THE NT AFTER COMPLETING
GROUND GRAVITY SURVEY OVER THE FREWENA GROUP PROJECT
East Tennant tenure further strengthened with strategic Exploration Licence applications at Jumping Spider
Highlights
• Ground gravity surveying now completed at the Frewena Group Project, comprising a total of 2,512 survey stations
over five grids
• Processing of gravity data and integration of results with the existing database underway to refine drill hole design
and priorities
• Reconnaissance drill testing of the Mount Lamb, Jumping Spider and Roadhouse targets anticipated to commence in
Q4 2021 with drill companies short-listed ahead of contract award while drilling approvals are finalised
• Strategic Exploration Licence applications further strengthen Inca’s East Tennant portfolio including high-priority
segments over the Jumping Spider target
14/9/21
LARGE DRILL TARGET AT MT LAMB DEFINED AFTER GRAVITY SURVEY
Modelling of data for Mount Lamb reveals large-scale drill targets
Highlights
• Initial ground gravity modelling reveals better defined drill targets at the Mount Lamb Prospect, the first of multiple
prospects to be modelled for drill targeting at the Frewena Far East Project
• Gravity interpretations to be rolled out when available as target generation work continues
• Airborne magnetics and radiometrics survey (AMAGRAD) now underway at Frewena Far East (parts not previously
covered), Frewena East and Frewena Frontier
• Drilling continues at Riqueza with the fourth hole now completed – further low levels of chalcopyrite identified
20/9/21
PEAK ASSAYS OF 7.04% COPPER AND 2,250g/t SILVER FROM MACAULEY
CREEK PROJECT, QUEENSLAND
Strong copper and silver mineralisation across several prospect areas significantly upgradesthe MaCauley Creek Project
Highlights
• Very strong copper and bonanza grade silver results returned from recent rock chip sampling at the MaCauley Creek
Project in north Queensland
• Peak copper results include:
o 7.04% Cu (sample MC0088)
o 5.05% Cu (sample MC0056)
o 4.90% Cu (sample MC0035)
• Peak silver results include:
o 2,250g/t Ag (sample MC0116)
o 639g/t Ag (sample MC0117)
o 264g/t Ag (sample MC0033)
• Assays confirm the potential for Tier-1 scale porphyry/intrusive-related and skarn discoveries at MaCauley Creek
