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Iconic Minerals Ltd V.ICM

Alternate Symbol(s):  ICMFF

Iconic Minerals Ltd. is a Canada-based company, which is engaged in the acquisition and exploration of exploration and evaluation assets. The Company has various lithium and gold exploration projects in Nevada, United States. The Company's Smith Creek Lithium Property covers approximately 808 placer claims totaling 25.25 square miles (65.4 km2) over a gravity low. The enclosed Smith Creek Valley Basin covers 582 square miles (1,507 km2), which is slightly larger than Clayton Valley Basin where lithium brines are produced. The Bonnie Claire Property is located within Sarcobatus Valley, which is approximately 30 km (19 miles) long and 20 km (12 miles) wide. Its New Pass Gold Property is located in Eastern Churchill County, Nevada. The New Pass Gold Property is comprised of 107 mining claims. Its Midas South Gold Property is situated between Ivanhoe mine and Midas mine along the Carlin Trend. The Midas South Gold Property is located along Nevada’s gold belt-the Carlin Trend.


TSXV:ICM - Post by User

Bullboard Posts
Comment by vinny19on Dec 31, 2017 12:33pm
274 Views
Post# 27254500

RE:Bogus assumptions are possible by lack of clairty from sx

RE:Bogus assumptions are possible by lack of clairty from sxI asked Frank (SX ceo) directly


I asked Frank to clarify a question in regards to their last PR
What was the reason for testing other extraction technologies?


From the last PR

The first stage of the mandate given to Dundee Sustainable Technologies (CSE:DST) was to characterize the material from the Bonnie Claire Lithium Property - provided by Iconic Minerals Ltd (TSX-V: ICM) - and to test it using currently knowns extraction techniques, commercially deployed or known in the public domain from academic research.



His response:

One of the caveats of our agreement with ICM was that we had to compare our economics(SX tech) with all other potentially economical tech out there.
If one would be better financially we had to yield and help them adopt it as advisors. This being specific to Bonnie Claire. None were.

Even the one many shareholders mention in emails to me which is the water separation that separated up to 70% of the lithium.The grade of purity was not good and early leaching in the process precipitated iron,MG and other contaminants that would need to be separated at great costs.
Bullboard Posts