Cerro Rayas

Inca’s Cerro Rayas Project, just 15kms from Riqueza, sits within a second mineralised corridor that is parallel to the Chonta Mineral Belt, within the broader Miocene Porphyry-Skarn Mineral Belt. Numerous mine workings occurring along major northwest-southeast structures traverse Cerro Rayas and we see a very similar trajectory for Cerro Rayas as Riqueza, that of discovery, target generation, drilling and partnership.

Cerro Rayas comprises two granted concessions (400ha) and eight concession applications (2,600ha) that are very close to being granted. Several zones of mineralisation with above 30% Zn and 30% Pb have already been recorded in preliminary sampling.

The project hosts several walk-up drill targets already. Detailed mapping and channel sampling of these will de-risk initial drilling, whilst planned project-wide geophysics and reconnaissance will add considerably more targets for drill-testing in 2019.

KEY TAKE-AWAYS OF CERRO RAYAS

  • Another Riqueza in the making as new concessions lodged quadruples project size
  • Number of historic mine workings and mineralised outcrop zones increases from three to eleven
  • Several +30% Zn, +30% Pb and +200g/t Ag results have been returned
  • Current walk-up drill targets but many more anticipated
  • Geophysics and drilling planned for 2019