Inca One Resources Corp. has acquired an additional 16,700 hectares from the Las Huaquillas project in Peru, increasing its total area claim to 20,300 hectares, or 400%. Las Haquillas was subject to 1,500 m of diamond drilling in 1988 by the Peruvian government, followed by 5,000 m of diamond drilling between 1996 and 1998. Sulliden Resources consequently estimated a geological resource on Las Huaquillas of 6.57 million mt at the equivalent of 443,000 gold oz and a 5.3 million silver oz equivalent.
Inca One President Edward Kelly called the high-grade drilling results “very encouraging” with “excellent potential” for exploration. “It is important to get a land position in an area geologically conducive for world class deposits and we accomplished that,” he noted.
Once Inca obtains an environmental impact assessment from the Peruvian government officials, it will begin applications for water and land usage, said company officials in a statement.