The Company has continued to advance both the Frewena Projects (principally Frewena Fable and Frewena Far East), and
Frewena Projects
Inca has recently been advised that it's Mining Management Plan (MMP) application has been approved by the
'The tracks provide Inca access to the large Tamborine Prospect which is a stand-out IOCG targetin a stand-out IOCG province' says Inca's Managing Director. 'The drill platforms are all about forward planning as Tamborine is indeed a valid drill target. A modest amount of work would be necessary to know which platform to start drilling on.'
Completion of these earthworks will greatly aid access to the Tamborine and Alpaca Army Prospects, which to date are only accessible by helicopter, and will allow the first ever detailed ground exploration. Initial programs are likely to include geological reconnaissance, mapping and soil sampling, to be undertaken within the Project area. Suitable earthwork contractors are being shortlisted to undertake this work.
The company has also recently received approval from the NT DPIR for flying airborne geophysical surveys over both the Frewena Fable (EL32287) and Frewena Far East (EL 32293) project areas. This approval is a necessary pre-requisite for the company to progress its planned geophysics exploration over tenements still awaiting final grant. In addition to approval of both Inca's MMP and for undertaking aerial geophysical surveys, the Company recently submitted a funding request, under the DPIR's Geophysics and Drilling Collaborations scheme, for up to
'Inca is optimistic about this co-funding potential. Having the DPIR as a funding partner would be great benefit to the Company, ' says
MaCauley Creek
Interpretation of detailed magnetic-radiometric data by Inca's external consultant remains ongoing at the time of writing. Upon receipt of this report, Inca will assess the requirement for additional modelling of magnetic features to better define potential drill targets and guide follow up exploration programs. Initial geophysical interpretations have identified three targets with intrusive-like signatures. These targets are spatially juxtaposed known granite-hosted mineralisation.
'Like at
Under a Collaborative Exploration Initiative of the Queensland
Next Steps
Inca's strategy with its Australian projects is to attract a funding partner whilst conducting value-adding costeffective exploration. Whether, funding is through government agencies (DNRME or DPIR) or industry, the outcome is the same and very positive for the Company. It should be pointed out that there are no guarantees of successful government funding applications. Notwithstanding this, Inca's submissions have presented a strong case for assistance.
Subject to successful grant applications, the Company will progress a number of exploration activities in the latter part of 2020 and into 2021 at the Frewena Projects and at
Contact:
Tel: +61 (0) 8 6145 0300
Email: info@incaminerals.com.au
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