ICG 20.0% 0.6¢ inca minerals limited

They are obviously excited by this, and with cause, it's a...

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  1. 10,599 Posts.
    lightbulb Created with Sketch. 6075

    They are obviously excited by this, and with cause, it's a discovery hole for IOCG style mineralisation in the Barkly but most importantly for Inca.

    This hole, shows considerable depth of sulphides (read the extract below) and is associated with the pyrite which means it shows up well on magnetics. Inca own everything around this government exclusion zone and there is a high probability they will own this zone as well in coming months. So good intervals of copper and getting better towards end of hole.

    They'd likely throw a drill straight down that hole to extend another few hundred metres once granted. Have a look at the recent diagrams to see how extensive the magnetics are on Inca ground wink.png

    "The recent high-resolution core photography further reveals the widespread nature of alteration, structural
    deformation, veining, haematite and sulphides in drill hole NDIBK04. The company notes several zones of increased
    visible copper sulphide mineralisation that occur over broad intervals of NDIBK04 that include:
    • 244.29m – 251.95m: Down-hole interval of 7.66m with varying pyrite-chalcopyrite-pyrrhotite-arsenopyrite
    content occurring as disseminations and vein selvages that includes a 2.3m interval of 20% pyrite + 8%
    chalcopyrite + 2% pyrrhotite (by volume) from 249.65m depth (see core photo in Figure 1 and selected core tray
    photos in Figure 2).
    • 329.34 – 363.40m: Down-hole interval of 34.06m with increased pyrite-pyrrhotite as vein selvages to pervasive
    in nature, with spotty occurrences of chalcopyrite and bornite as vein selvages and disseminations (see selected
    core tray photos in Figure 3).
    • 411.80 – 416.30m (EOH): Down-hole interval of 4.39m (open ended) with quartz veining with increased
    pyrrhotite-chalcopyrite-bornite that includes the final 2.18m of the hole logged with 4% chalcopyrite, estimated
    by volume (see selected core tray photos in Figure 4).
    No assay data is currently available. The company will release the government assay data as soon as it is available.
    The occurrence of hydrothermal alteration and sulphides, especially ore-forming copper sulphides, over a 326.8m
    down-hole interval in NDIBK04, is very encouraging. Importantly, the visually government-logged copper
    mineralisation remains strong at EOH, meaning the mineralisation as it is currently understood is open in all
    directions.
    It is also most encouraging seeing bornite in the core and noting that its abundance appears to increase with depth.
    Bornite is a high-grade copper sulphide and generally forms in the hotter parts of a mineralised system and towards
    where one would expect to find potential higher grade ore."
 
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