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International Iconic Gold Exploration Corp V.ICON

Alternate Symbol(s):  MFMLF

International Iconic Gold Exploration Corp. is a Canada-based company engaged in the business of acquiring, exploring, and evaluating mineral resource properties in Argentina. Its primary business is the development of its core precious metal assets. It owns the rights to San Roque Gold Property, which consists of about eight contiguous claims. San Roque is a gold exploration property, which is located in Northeast Patagonia near the Atlantic coast in the Province of Rio Negro, Argentina, and is held by Minas San Roque S.A., a wholly owned subsidiary of the Company. San Roque prospect is situated approximately 85 kilometers (Kms) west of the deep seaport San Antonio Oeste, in Rio Negro Argentina. Its other Argentine properties include the Lago Fontana mine rights in Chubut Province, the Mechanquil mine rights in Rio Negro province, the Milagros mine properties in Mendoza province, exploration rights in Ortiquita, and various claims in Salta, San Juan, and Catamarca Provinces.


TSXV:ICON - Post by User

Post by Thecook100on Nov 24, 2021 8:04am
213 Views
Post# 34160498

Fantastic detailed news :)

Fantastic detailed news :) Iconic Gold Provides Further Geographical and Mineralization Information on its Flagship San Roque Gold Property V.ICON | 1 hour ago VANCOUVER, British Columbia, Nov. 24, 2021 (GLOBE NEWSWIRE) -- International Iconic Gold Exploration Corp. (Iconic Gold or the Company) (TSXV:ICON) (OTC:MFMLF) is pleased to announce that, further to its news release dated November 4, 2021, the Company has recently increased its ownership in Minas San Roque SA (MSR) to 100%. MSR holds legal title to the mining claims comprising Iconic Golds flagship San Roque property (San Roque or the Property) located in Northeast Patagonia near the Atlantic coast in the Province of Rio Negro, Argentina. BACKGROUND San Roque is an early-stage exploration property with 112 drill holes totaling 16,683 meters and having so far incurred an accumulated investment of approximately US$8.5 million, leading to the identification of a substantial body of mineralization which the Company geologically categorizes to be a gold endowed low-sulphidation epithermal polymetallic mineral deposit. OWNERSHIP MSRs ownership of the deposit and the prospective geology around it are protected by a system of mine rights. Three federal government mining concessions, known as Minas, totaling 94.5 sq. km. have been granted to MSR. They represent real and taxable property rights and as such comfortably and securely include all of the Propertys known mineral assets. In addition, MSR controls eleven temporary mineral exploration licenses, known as Cateos, covering 645 sq. km around the Minas. Should significant mineralization be established on a Cateo it could ultimately be converted into a Mina by due process application of the Argentinian federal Mining Code. The Minas are real estate upon which annual taxes are paid and carry a 3% pit head (aka mine-mouth) federal production royalty. The Property is not subject to any other royalty encumbrances at this time.
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