Inca Minerals Limited recently entered into an option to purchase 100% of the exciting Riqueza Project, located some 200km southeast of Lima in Central Peru. The property is considered very prospective for intrusive related vein and replacement style polymetallic mineralisation and work to date strongly supports this view, with a number of high grade Zn-Ag-Pb veins and manto (carbonate replacement) zones being identified at the key Humaspunco prospect, and an extensive gossan being identified at the nearby Uchpanga prospect which also contains Au and Cu in addition to Zn-Ag-Pb. The property is under-explored - both prospects have seen limited artisanal mining, and no drilling, with an initial drilling programme now in the approvals process and expected to commence by October-November, 2016. Given the above, and the quality management, we rate Inca Minerals Limited as a SPECULATIVE BUY, with strong leverage to exploration results which will be the key price mover. Download the report for more information...
Inca Minerals Limited - June Report 2016
Company
- Inca Minerals LimitedASX: ICG