Iconic Minerals Ltd V.ICM

Alternate Symbol(s): ICMFF

Metals & Mining Industrial Metals & Minerals

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.

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Iconic Minerals Ltd

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Post by DrWealthon Apr 27, 2019 8:15pm

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Post# 29679852

BRINE Strategy vs fast track to PFS

Tonto.. i also like the brine strategy but it also raises lots of questions. Do they not feel confident in a mining method for slurry clay? Icm could of did the 5 holes and expand bc1601 and fast track to pfs but did nt. Is brine the way to get bonnie sp moving up? That would also cut out sx from royalties.. i think if icm gets going with brine it can also fast track smith creek. Maybe brine is the quickest way to derisk while we wait for extraction results and mining method.. any thoughts?

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