Inca Minerals Limited (Inca or the Company) has completed the third review of mapping and sampling results of the NE Area of Riqueza.

The first and second reviews were completed for the SW Area and Ajo Orjo Areas, reported to the market previously (ASX announcement 27 May 2020 and 8 June 2020 respectively). This third review is the final one in this series.

The mapping and sampling program was designed to cover targets generated in airborne magnetic and radiometric (AMAGRAD), soil geochemical and induced polarisation (IP) geophysical field programs.

The results of this third review are once again highly encouraging. The Company has identified mineralisation in limestone and andesitic sills that is coincident with AMAGRAD targets, geochemical anomalies and interim IP profile targets. Including peak values of 2.77% Cu, 34.79% Pb, 31.36% Zn, 151ppm Mo and 0.12g/t Au, the mineralisation is interpreted as representing the possible upper parts of the Cu-Zn skarn-Cu porphyry system.

An important difference between the NE Area and the south-central area (SW and Ajo Orjo) is that the NE Area is dominated by limestone of the Jumasha Formation, not volcanics, and as such is prospective for carbonatereplacement skarn mineralisation, as well as Cu-porphyry mineralisation.

Contact:

Tel: +61 (0) 8 6145 0300

Email: info@incaminerals.com.au

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