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Iconic Minerals Ltd V.ICM

Alternate Symbol(s):  ICMFF

Iconic Minerals Ltd. is a mineral exploration company focused on acquiring and exploring gold and lithium properties in Nevada and Canada. The Company holds highly prospective gold exploration properties in Nevada with the potential to host both Carlin-type and Round Mountain style gold/silver deposits. The Company, through option agreements, holds 50% interests in the New Pass and Midas South properties located in Nevada. The New Pass Gold Property consisting of about 107 unpatented mineral claims is located in Eastern Churchill County, Nevada. The Midas South property is located in the Ivanhoe Mining District, four miles northwest of the Hollister Deposit. Its lithium properties include Smith Creek Lithium Property and Grass Valley Property. In Smith Creek Lithium Property, it controls about 808 placer claims totaling 25.25 square miles over a major gravity low. The Grass Valley Property is a lithium exploration project consisting of approximately 997 placer claims.


TSXV:ICM - Post by User

Bullboard Posts
Comment by Viosimirion Nov 05, 2018 8:41pm
108 Views
Post# 28928019

RE:I'm thinking... With 28.584 million tonnes LCE

RE:I'm thinking... With 28.584 million tonnes LCE They have already plans to drill more - they need to prepare the next NR with more Li :). OMG this is really good news. We knew we have an UNICORN but Mr W did you expected that big of a corn :)?

I assume everyone know that we have more Li properties to dig and prove so ICM will be an easy 5 dollars in few years if not a fast buy out. 

https://web.tmxmoney.com/article.php?newsid=7555262752327142&qm_symbol=ICM

GRE also visited the area south of the Project's drill holes and studied a broad region of linear surface lithium highs found by surface grid salt sampling. This area, along with one shallow drill hole ("BC1701") completed in 2017, has potential for near-surface lithium-rich sediments and possible lithium brine.

Final exploration plans are being formulated for five 90 meters (300 feet) deep drill holes to test shallow lithium-rich sediments under linear surface lithium highs at Bonnie Claire. If successful, the area will become a source for further bulk sampling for pilot plant studies, requiring large amounts of sediment. In addition to the ongoing metallurgical work and shallow drilling the longer-term plan is to drill one deep core hole up to 1,200 meters (4,000 feet) deep to determine the vertical extent of the lithium-rich sediments. After the core hole is drilled, ten to fifteen deep mud-rotary holes, spaced roughly 1.6 km (1.0 miles) apart, are planned to greatly expand the soon to be reported resource.
Bullboard Posts