Australian-owned junior mining company, Inca Minerals, revealed that the Ministry of Energy and Mines (Minem) approved the drilling permit for the northeast zone of its Riqueza project, located in Huancavelica.

"This area of Riqueza hosts numerous copper, zinc and gold skarn and porphyry targets. In addition, the NE Area diamond core program includes 5,070 meters of drilling and the total area of the drill program covers 6,070 meters planned for the project," the company detailed.

Also, through a statement sent to the Australian Securities Exchange (ASX), the mining company stated that it "will now submit applications for a water permit and certificate to commence work, also known as an exploration permit".