ICG 0.00% 0.4¢ inca minerals limited

Out of interest, do dud holes normally contain this range &...

  1. 114 Posts.
    lightbulb Created with Sketch. 49
    Out of interest, do dud holes normally contain this range & consistency of mineralisation even if it is not of commercial percentages.

    Its definitely better than the last Peru drilling campaign

    The purpose of this hole was just random government funded locations to get a feel of the geology of what was underground in this area and let the explorers do the targeted campaign which inca is currently doing.

    I am not a Geo but based on targets being created over the last year or so, this hole location would not have been drilled by ICG & to the benefit of ICG it does appear to prove proof of concept based on all the research that has been done.

    Hopefully core visuals for the current drilling will provide indications of higher percentage mineralisation but again waiting on new assay results.

    All up this should be a positive for ICG unless some people investing recently were expecting this to be a discovery hole for short term profits and they will sell out for other short term prospective shares, in which case it most likely will create a very short term push down on the share price .
 
watchlist Created with Sketch. Add ICG (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.