S32 1.08% $3.75 south32 limited

Inca Minerals is excited

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    Inca Minerals has reported a large-to-giant sized carbonate replacement deposit at the Greater Riqueza zinc-silver-lead project in Peru as part of a geophysical survey funded by South32.

    The deposit is conceptual in nature and needs exploration.

    ICG is very excited.  

    Usually, announcements like this are double-posted in the partner's corporate announcements.  No sign of this on the S32 page.  

    ICG and S32 are negotiating an exploration spend ~$8-10m. 

    Just imagine S32 operating three giant Zn-Ag-Pb mines in Cannington, Hermosa and Riqueza.  I'd like to see that!


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