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Icon Energy Ltd V.ICN


Primary Symbol: ICNOF

Icon Energy Limited is an Australia-based oil and gas exploration company. The Company has a 100% interest in, and is operator of, the ATP 855 tenement and the basin-centered gas resource that it contains. The Company’s ATP 855 is located in the Cooper-Eromanga Basin on the eastern side of the Queensland and South Australian border. The Company's tenements include ATP 855, PRL's 33-49, ATP 594, PEP 170, PEP 172, and PEP 173. PRL's 33-49 are adjacent to ATP 855 on the western side of the border, and both permits share part of the Nappamerri Trough. ATP 855 is located in the Nappamerri Trough, one of the six troughs within the Cooper Basin. The tenement covers the deepest part of the trough, containing the thickest sequence of Permian sediments in the entire Cooper Basin. It is within these sediments that a large, unconventional, basin-centered gas resource has been discovered that extends across the entire tenement. ATP 855 occupies a total area of 1,679 square kilometers (km2).


OTCPK:ICNOF - Post by User

Comment by SevenFigureson Aug 13, 2011 3:32am
214 Views
Post# 18938570

RE: Fire Assays

RE: Fire AssaysErco
from the May 17th news release:
"It should also be noted that check assays on the entire interval reported herein for hole ICN-003 were completed at a second laboratory prior to releasing results as a precautionary measure given the high grade mineralization"
and


"Original assays were completed at ALS Chemex in Reno, Nevada, and the check assays were completed by American Assay, also located in Reno, both of whom are certified laboratories."


and

"At both labs, an initial fire assay with atomic adsorption finish was completed for all samples, and subsequently, for samples in excess of 10 g/t, a conventional gravimetric assay was conducted."

So I am going on the premise that:
1) 15 cores were completed by June 9th
2) June 9th to August 12th is over 2 months, so I am deducing that check assays were needed which is why it took so long
3) A few posters have mentioned that they spoke with IR and IR said check assays being performed
4) Historically, high-grades all over Goldfield Main
5) Super high-grades reported from ICN-003 already on May 17th
6) Lode-Star drilled all kinds of high-grades in the past (1-20-11 news release)

So I can't be certain, but I gotta believe we got some high-grades in those 11 cores. Hopefully we find out Monday morning (early)!




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