Inca Minerals (ASX:ICG) has received rock chip sampling results, expanding the gold-antimony system at the Hurricane Project in Queensland, ahead of an upcoming drilling program.
The results extend the footprint of known gold and antimony mineralisation, building on previous sampling which confirmed the presence of an orogenic system.
Multiple samples returned gold grades above 10 grams per tonne gold, with a peak value of 69.5g/t gold. Antimony values reached up to 6.5%.
Inca, which has a market capitalisation of $16.35 million, says the results show the growing scale and geological complexity of the Hurricane system, with strong potential for high-grade shoots and broader mineralised zones.
Field preparations are advancing at Hurricane, with a bulldozer on-site constructing drill pads and access tracks. A reverse circulation rig has been secured, with drilling to begin immediately upon completing site works.
The Hurricane Project, located in the Hodgkinson Province of northeastern Queensland, hosts mineralisation consistent with sediment-hosted orogenic gold systems, marked by a core antimony-arsenic-gold-silver geochemical signature.
Inca Minerals is a junior mineral explorer focused on discoveries in the Northern Territory, Western Australia, and Queensland.
According to Trading Economics, gold prices hovered around US$3,350 per ounce yesterday (16 July), trimming gains from earlier in the session but holding strong momentum since retesting record highs throughout Q2 2025 amid uncertainty and central bank buying.
Meanwhile, antimony has experienced “one of the most dramatic price increases in the commodities sector”, according to Discovery Alert founder and CEO, and seasoned investor, John Zadeh.
In 2019, antimony prices sat at US$5,500 per tonne to between US$57,000 and US$60,000 per tonne in 2025, as reported.
Write to Aaliyah Rogan at Mining.com.au
Images: Inca Minerals
