Inca Minerals Advances Hurricane Project with Strategic Stunalara Takeover

Inca's Hurricane Project: High-Grade Gold-Antimony Discovery Primed for Drilling

Inca Minerals' (ASX: ICG) maiden drilling program at its 100%-owned Inca Minerals Hurricane Project is imminent, with site preparation currently underway following exceptional rock chip sampling results that have significantly expanded the known mineralization footprint across multiple prospects.

New Sampling Expands High-Grade Gold-Antimony System

Recent rock chip sampling has delivered outstanding results across several key prospects within the Hurricane Project, located approximately 125 km northwest of Cairns in Queensland's prospective Hodgkinson Province.

The program has substantially expanded the known mineralized zones, with multiple samples returning high-grade gold and antimony values:

• Peak gold value of 69.48 g/t Au at Hurricane South
• Peak antimony value of 6.53% Sb at Bouncer South
• Extended mineralization strike length by 90-100m at multiple prospects
• Surface width of mineralization expanded to 70m at Bouncer South

These results build on previous sampling campaigns that confirmed the presence of a significant orogenic gold-antimony system across the project area.

Bouncer South Emerges as Major Target

The most significant results came from Bouncer South, where consistent high-grade gold-antimony mineralization has been identified over a substantial area. The prospect's mineralized footprint has been extended 90 meters southeast along strike with a surface width exceeding 70 meters.

Seven samples from Bouncer South returned exceptional values including:

The mineralization occurs in west-dipping quartz-sulphide veins, supporting a model involving multiple mineralizing phases, including a late-stage antimony-rich overprint on earlier gold-dominant stockworks.

"These consistent high-grade results across Bouncer South significantly expand our understanding of the mineralization system at the Hurricane Project. The combination of gold and antimony values suggests a robust orogenic system with excellent potential for both metals," notes Trevor Benson, Chief Executive Officer of Inca Minerals.

Typhoon-Hurricane Corridor Shows Multiple Vein Potential

Sampling across the Typhoon-Hurricane corridor has confirmed high-grade gold mineralization along strike and revealed the presence of additional mineralized zones between the two prospects:

• 40.02 g/t Au rock chip (IRX00045) extends Typhoon mineralization 100m northwest
• 12.29 g/t Au and 3.60 g/t Au samples between Typhoon and Hurricane indicate stacked vein sets
• 69.48 g/t Au from Hurricane South, 70m east of known mineralization, suggests parallel veins

What is an Orogenic Gold System?

Orogenic gold deposits form during mountain-building events when deep crustal fluids travel upward along major faults and fractures. These systems typically feature:

• Gold-bearing quartz veins along structural corridors
• Association with antimony, arsenic, and silver
• Formation at depths of 5-15km below surface
• Potential for significant vertical extent
• Multi-phase mineralization events

The Hurricane Project displays classic orogenic gold signatures, similar to world-class deposits like Macraes in New Zealand and Fosterville in Victoria. The association of gold with antimony is particularly significant, as antimony often serves as a pathfinder to high-grade gold zones in these systems.

In orogenic gold deposits, the gold is typically transported in hydrothermal fluids that move through the earth's crust during periods of tectonic activity. These fluids deposit gold and associated minerals when they encounter favorable structural and chemical conditions. At the Hurricane Project, these conditions appear to have been particularly conducive to the formation of high-grade mineralization.

Drilling Program Set to Commence

Field preparations for the maiden drilling program at the Inca Minerals Hurricane Project are well advanced, with a bulldozer currently constructing drill pads and access tracks. A reverse circulation (RC) drilling rig has been secured and will mobilize immediately upon completion of site works, with drilling expected to commence in July.

This maiden drilling program represents a significant milestone for Inca Minerals, as it will provide the first subsurface testing of the high-grade gold-antimony system identified through surface sampling.

The Hurricane Project: Regional Context

The Hurricane Project is situated within the Hodgkinson Province, a historically productive gold region that produced approximately 9.7 tonnes of gold between 1875 and 1924 at an average grade of 37 g/t Au.

The province is characterized by metamorphosed Siluro-Devonian turbiditic metasediments that have undergone multiple deformation events, creating the perfect structural setting for orogenic gold mineralization.

Despite its historical production, the region remains underexplored by modern standards, offering Inca Minerals nears Stunalara acquisition a significant opportunity to make new discoveries in a proven gold district.

Investment Thesis

Inca Minerals presents a compelling investment opportunity based on several key factors:

1. High-grade gold and antimony values consistently returned from surface sampling
2. Expanding mineralization footprint across multiple prospects
3. Geological similarities to world-class deposits like Fosterville and Macraes
4. Maiden drilling program imminent with potential for near-term catalysts
5. 100% ownership of the Hurricane Project
6. Underexplored region with historical high-grade production

The project's association of gold with antimony is particularly noteworthy, as this geochemical signature is often linked to high-grade gold zones in orogenic systems. At Fosterville in Victoria, antimony-rich zones were precursors to exceptionally high-grade gold mineralization at depth.

Why Investors Should Follow Inca Minerals Hurricane Project

Inca Minerals stands at a pivotal moment in its exploration journey, with multiple factors making it worthy of investor attention:

• Imminent drilling program will provide the first subsurface test of high-grade surface mineralization
• Multiple high-priority targets identified across a substantial project area
• Consistent high-grade results from surface sampling suggest significant discovery potential
• Established mining-friendly jurisdiction in Queensland, Australia
• Tight capital structure with potential for significant re-rating on drilling success

With drilling about to commence, the Inca Minerals Hurricane Project offers investors exposure to a potentially significant gold-antimony discovery in its early stages. The combination of high-grade surface results, geological similarities to world-class deposits, and imminent drilling places the company at an exciting inflection point where exploration success at Tigertown could deliver substantial shareholder value.

Furthermore, Inca's recent corporate activities, including the compulsory acquisition of Stunalara and securing majority control in their takeover bid, demonstrate the company's strategic growth approach alongside their promising exploration projects.

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