Inca Pacific Resources Inc.

Inca Pacific Resources Inc.

January 10, 2005 08:30 ET

Inca Pacific Resources Inc.: Antoro Sur Drill Results AS-50 to AS-60


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: INCA PACIFIC RESOURCES INC.

TSX VENTURE SYMBOL: IPR

JANUARY 10, 2005 - 08:30 ET

Inca Pacific Resources Inc.: Antoro Sur Drill Results
AS-50 to AS-60

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 10, 2005) - Inca
Pacific Resources Inc. (TSX VENTURE:IPR) is pleased to present the
analytical results from diamond drill holes AS-50 to AS-60, the final
holes of the 2004 drilling campaign at the Antoro Sur Copper-Gold
property near Huancavelica, Peru. The highlights are provided in the
table below, and the complete results are presented on page 2 of this
release. The majority of the holes were drilled on 100 metre centres on
north-south lines spaced 100metres apart. Holes AS-50 to AS-60, which
include both infill and step-out holes, are in the southern, eastern,
and northern parts of the drill grid.

The 2004 exploration target at Antoro Sur is a near-surface, gently
east-dipping "blanket" of supergene-enriched copper mineralization. The
area covered by the 2004 drilling measures approximately 650 metres
east-west by 600 metres north-south. Evidence from the 2003-2004 Inca
Pacific holes and earlier holes drilled by Barrick-Pangea indicates that
copper mineralization is open to expansion to the north and south, for a
further 200 metres to the east, and for 100-150 metres to the southwest.



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Drill From To Length Copper Gold (i)Copper
Hole (m) (m) (m) (%) (g/t) Leachability
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AS-51 16.4 40.0 23.6 1.89 0.89 25%
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including 20.0 30.0 10.0 3.74 1.83 23%
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AS-52 25.0 66.0 41.0 0.78 0.13 78%
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including 46.0 58.0 12.0 1.19 0.09 87%
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AS-53 44.7 74.0 29.2 0.79 0.32 83%
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including 50.0 70.0 20.0 0.95 0.33 88%
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AS-55 25.0 42.2 17.2 0.86 0.31 52%
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including 25.0 27.4 2.4 3.11 1.61 49%
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AS-58 30.5 48.6 18.1 1.07 0.08 89%
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including 36.0 42.7 6.7 1.72 0.14 85%
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AS-60 22.2 46.0 23.7 0.82 0.32 82%
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including 28.8 38.5 13.7 1.21 0.48 85%
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(i) Leachability refers to the dissolution of copper into solution
either through the use of sulfuric acid (oxide mineralization)
or sodium cyanide (secondary sulfide mineralization).


George Sivertz, P.Geo., the Qualified Person as defined by National
Instrument 43-101 for the Antoro Sur Project, is supervising a quality
control and quality assurance program designed by Inca Pacific. Logging
and sampling are completed at Inca Pacific's secure facility in
Huancavelica city, Peru. The NTW core is split and samples are
transported to the ALS Peru laboratory in Lima, Peru for sample
preparation, gold fire assay, and sequential leach copper analyses. In
each batch of samples sent to ALS Peru there are included: Coarse
blanks, Duplicates and Standards. All pulps are shipped to the ALS
Chemex laboratory in Vancouver and analyzed for copper and additional
elements using aqua regia digestion and inductively coupled
plasma-emission spectroscopy (ICP-ES). Check analyses for copper and
gold will be performed by Acme Analytical in Vancouver.



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DETAILED ANALYTICAL RESULTS, DRILL HOLES AS-50 TO AS-60
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From To Length Copper Gold (i)Copper
Drill Hole (m) (m) (m) (%) (g/t) Leachability(%)
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AS-50 Au 22.0 32.0 10.0 0.03 0.32 N/A
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AS-50 Cu 32.0 33.5 1.5 1.44 0.20 90%
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Significance Gold anomaly 22.0 - 32.0m may indicate zone of Cu
sulphides, now leached away.
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AS-51 16.4 40.0 23.6 1.89 0.89 25%
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Including 20.0 30.0 10.0 3.74 1.83 23%
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Significance Hypogene chalcopyrite mineralization. Infill between
Barrick and Inca Pacific holes.
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AS-52 25.0 66.0 41.0 0.78 0.13 78%
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Including 46.0 58.0 12.0 1.19 0.09 87%
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Significance Chalcocite mineralization. Mineralization extended
50m south of 2003 holes.
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AS-53 26.4 74.0 47.6 0.58 0.23 82%
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Including 50.0 70.0 20.0 0.95 0.33 88%
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Significance Important infill hole between 2003 holes AS-18 and
AS-23.
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AS-54 26.5 38.0 11.5 0.61 0.16 77%
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Including 26.5 29.5 3.0 1.75 0.26 81%
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Significance Drilled on south edge of eroded area in east-central
part of mineralized zone.
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AS-55 25.0 42.2 17.2 0.86 0.31 52%
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Including 25.0 27.4 2.4 3.11 1.61 49%
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and 34.0 36.1 2.1 1.86 1.14 57%
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Significance Mineralization extended 100m south of 2003 drill
holes.
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AS-56 44.0 58.5 14.5 0.21 0.11 55%
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Significance Low grade chalcopyrite-bearing zone. More drilling
needed in this area.
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AS-57 36.6 51.8 15.2 0.52 0.19 69%
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Significance Lost hole in 0.7% copper. Extends mineralization 140m
northeast of 2003 drilling.
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AS-58 30.5 48.6 18.1 1.07 0.08 89%
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Including 36.0 42.7 6.7 1.72 0.14 85%
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Significance Important hole for E-W continuity, 130m east of 2003
drilling.
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AS-59 67.5 68.6 1.1 0.35 0.15 61%
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Significance Lost hole in 0.347% copper near top of mineralization,
at 68.58m. Critical area.
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AS-60 22.2 46.0 23.7 0.82 0.32 82%
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Including 28.8 38.5 13.7 1.21 0.48 85%
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Significance Important infill hole in NW part of drill grid.
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(i) Leachability refers to the dissolution of copper into solution
either through the use of sulfuric acid (oxide mineralization)
or sodium cyanide (secondary sulfide mineralization).


Inca Pacific is a resource exploration company with a focus on copper,
gold and molybdenum projects in Peru. Visit our website at
www.incapacific.com for the latest corporate information.

INCA PACIFIC RESOURCES INC.

Signed: "Anthony Floyd"

President and Director

Standard & Poor's Listed

-30-

Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Inca Pacific Resources Inc.
    Clive Massey
    Investor Relations
    (604) 662-3902
    Email: cmassey@incapacific.com
    Website: www.incapacific.com
    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this release.