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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
Post by biggerironon Dec 20, 2018 4:34pm
49 Views
Post# 29143078

WANGO, can you clarify these two statements

WANGO, can you clarify these two statements ICM news release:

The property is located within Sarcobatus Valley that is approximately 30 kilometres (19 miles) long and 20 km (12 miles) wide. Quartz-rich volcanic tuffs, that contain anomalous amounts of lithium, occur within and adjacent to the valley. Geochemical analysis of the local salt flats has yielded lithium values up to 340 parts per million.

ICM WEB Site:

Iconic has several quality Lithium and Gold exploration projects in Nevada, USA. The Bonnie Claire Sarcobatus Valley Lithium property encompasses 1,155 claims covering over 35 square miles (90 sq. / kms). Assays of the cuttings from the recently drilled first hole resulted in the discovery of Lithium enriched sediments averaging 1,153 PPM over 1,560 feet (475 meters). Initial leaching tests applying dilute acid to the drill cuttings resulted in recoveries as high as 98%. Iconic has two other highly prospective Lithium exploration properties also located in Nevada.

WANGO, can you explain the PPM differential please..??


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