ICG 0.00% 0.4¢ inca minerals limited

Ann: Drilling Further Supports IOCG-SEDEX Potential at Mt Lamb, page-11

  1. 9,303 Posts.
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    It appears NW will be likely to get prioritised attention over SE - seems to be more encouraging description there but both are going to lead to more drilling I think.

    Hole 6 seems to offer something curious with these possible sedex indicators at 865-866m. How significant being narrow vs the interpretation that it might traverse the trend? (and no economic mineralisation indicated)

    Hole 7 seems to be putting up a bit of a flag with significant IOCG style width and presence, albeit low, of visible target sulphides. Cautious optimism there (a veteran of investing in hopeful Gawler Craton explorers who found plenty of signs but few mines in it's first big bloom).

    Positive steps, still a way to go for the market to get serious but at least some things worth the market paying attention to.
    Last edited by seals: 01/06/22
 
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