Inca One acquires 16,700 ha at Las Huaquillas

2013-01-31 09:09 ET - News Release

 

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Mr. Edward Kelly reports

INCA ONE STAKES 16,400 HECTARES SURROUNDING LAS HUAQUILLAS GOLD-COPPER PROPERTY IN PERU

Inca One Resources Corp. has staked an additional 16,700 hectares of land surrounding its Las Huaquillas project in Peru. With this additional land, the total continuous claim holdings in the area are 20,300 hectares.

Las Haquillas was subject to 1,500 meters of diamond drilling in 1988 by the Peruvian Government and followed up with 5,000 meters of diamond drilling between 1996 and 1998. As a result, Sulliden Resources estimated a geological resource on Las Huaquillas of 6.57 million tons grading 2.09 g/t Au and 25.2 g/t Ag (equivalent to 443,000 ounces of gold and 5.3 million ounces of silver)(i). The historical estimate used a cut-off of 1.5 g/t gold and remains open at depth and along its 2.2 Km strike.

Select historical high-grade intercepts on the Las Haquillas include:----------------------------------------------------------------------------DDH Hole           From (m)      To (m)   Length (m)    Au (g/t)    Ag (g/t)----------------------------------------------------------------------------LH97-07               28.50       70.50        42.00        2.05       24.60----------------------------------------------------------------------------LH97-08                0.00       78.00        78.00        2.71       19.00----------------------------------------------------------------------------PD-01                100.25      134.65        34.40        2.71       38.63----------------------------------------------------------------------------PD-02                 66.15       80.15        14.00        8.41      105.93----------------------------------------------------------------------------

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