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INCA PACIFIC RESOURCES INC.

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TSX-V:IPR (CAD)  0.24 [+0.01 (+2.13%)] Nov 19 2009 - Close

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Type: Public
Classification: Monitor
Advanced or Above
Subscriber Access Required
595 HOWE STREET, SUITE 600
VANCOUVER
British Columbia
Canada, V6C 2T6
Phone: +1 (604) 687-3727
Fax: +1 (604) 662 3904

Company Summary

Inca Pacific is a resource exploration company with a focus on copper and molybdenum projects in Peru. Inca Pacific is developing the Magistral copper-molybdenum project located 450 Kms north-north west of Lima in the department of Ancash.

Company News

Tuesday, October 20, 2009
Inca Pacific Resources Inc. announces that Activos Mineros, the Peruvian agency responsible for administering Inca’s contract with the Government of Peru (“GOP”) has advised the company that it intends to withdraw $3M that Inca currently has on deposit as security for its investment commitments in connection with the company’s Magistral Project. Activos Mineros claims that the company did not satisfy its obligation to make certain investments and minimum levels of expenditure for the 2008 fiscal year which ended in February 2009. Activos Mineros also asserts that a pre-production spending guarantee in respect of approximately $24M for the 2009 fiscal year is required. Inca Pacific believes that it has honoured its obligations and confirms that it has spent in excess of the minimum expenditure requirements for the 2008 fiscal year. At the same time, the Inca Pacific is in active negotiations with the GOP to secure an extension for the deadline for bringing Magistral into production, currently set at December 31, 2011.

News Releases

Monday, November 16, 2009
Wednesday, November 04, 2009
Wednesday, July 29, 2009

Mineral Properties Map

Map Legend:
ProducerProducer
Past ProducerPast Producer
DevelopmentDevelopment
ExplorationExploration
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