Iconic Gold (ICON) has commenced a new exploration program in the Castaño Viejo Mining District in Argentina.
The Castaño Viejo mining district was a silver and zinc producer in the 1950s and has shown copper-gold vein prospects. Iconic Gold holds an exploration model that there are nearby igneous intrusive hosted gold-copper prospects.
Castaño Viejo is located in the San Juan Province, a 4-hour drive from San Juan, at altitudes of 2,000 to 3,000 meters.
Iconic Gold has acquired 3,946 hectares of mining claims and has more applications are pending.
Robert Abenante, CEO and President of Iconic Gold remarked,
“There has been extensive exploration done in this region in the last 20 years, which led us to acquire our land positions.” said Abenante.
There is intense interest in the Castaño Viejo mining district as there are multiple junior mining companies competing for claims. One of them being Turmalina Metals Corporation.
A Canadian junior who recently discovered high-grade copper-gold in the district, only 10 km away from Iconic Gold’s claims.
Iconic Gold (ICON) is up 8 per cent, trading at $0.135 per share as of 11:58 AM EST.