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Inca takes aim at new Peru prize

Corporate minnow Inca Minerals is not shy when it comes to chasing big exploration fish. While he and his board made a pragmatic but “painful” decision not to pursue a potentially sizeable, deep copper-porphyry prize at Chanape, Inca managing director Ross Brown has bold plans for the company’s new catch, Riqueza, in central Peru.

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Changing camps ... Inca's old exploration digs at Chanape. It has switched focus to zinc at Riqueza

The company (ASX: ICG), active in Peru since 2010, is currently valued by the market at about A$3 million (US$2.2 million).