Australia's Inca Minerals climbs on strong mineralisation at project

Rokeby Resources

06/06/2022 05:30

** Shares of resource co Inca Minerals  ICG.AX  climb as
much as 49.4% to A$0.115, mark their biggest intraday gain since
Aug. 11, 2020
    ** Co says the first drill hole at Mount Lamb prospect at
its Frewena Group Project in the Northern Territory intersected
strong iron oxide copper gold-style (IOCG) alterations
 urn:newsml:reuters.com:*:nASX9bqWzw
    ** Says second hole at the prospect has commenced and
further follow-up drill holes are being planned
    ** Shares hit their highest since April 21
    ** More than 3.3 mln shares trade hands, 7.9 times the
30-day average of 422,589 shares
    ** As of last close, stock down 35.8% this year

 (Reporting by Himanshi Akhand in Bengaluru)
 ((Himanshi.Akhand@thomsonreuters.com;))