Inca considering production at Rich Gulch

Inca is 20.5% owned by ABM Gold Corp., which in turn is part of the Northgate group of companies.

Inca holds a 100% interest in the Rich Gulch property in Plumas Cty., at the north end of the Mother Lode gold belt. Over the past decade the company made several unsuccessful attempts to develop the property, either on its own or through joint ventures.

Inca’s new president and CEO, Gerald Harper, said past work on the property identified five gold deposits, with preliminary reserve estimates in three of the deposits totalling 10.1 million tons grading 0.071 oz gold per ton.

The company is reviewing a number of ways that the property could go into production. Harper said the next step would be to raise the money needed to bring the project to the feasibility stage.

Meanwhile, the company is considering several proposals by a number of mining companies for a possible joint venture on the property. Harper said these option are being evaluated, and a decision will be made later in the year.

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