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Iconic Minerals Ltd.
Summary
| Project: | Bonnie Claire | |
|---|---|---|
| Deposit: | Bonnie Claire | |
| Location: | United States | |
| Commodities: | Lithium | |
| Date: | 8/1/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 1-8-2018: Iconic Minerals Ltd. announces an Exploration/Drilling Update report for its Bonnie Claire deposit at the Bonnie Claire project. Drilling results incl. 567m @ avg. 921ppm Li from 79m. (August 1, 2018) – Iconic Minerals Ltd. (TSX-V: ICM) (OTC: BV | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Richard Kern (Internal) | |
| ABSTRACT: | (August 1, 2018) – Iconic Minerals Ltd. (TSX-V: ICM) (OTC: BVTEF) (FSE: YQGB) has received 50 element ICP analysis of sediment samples from its third deep drill hole at the Bonnie Claire Project, located in southern Nevada. From 79 meters (260 feet) to total depth (567 meters or1860 feet) drill hole BC1801 averaged 921 ppm Li. A NI43-101 compliant resource report has been initiated using Global Resource Engineering Ltd. of Denver Colorado. Following strict quality control measures the drill hole samples were transported to ALS Chemex of Reno, Nevada who performed the analysis using ICP. Sample standards and coded repeat samples were included to check the integrity of the results. All standards and repeat samples are within quality control limits. Much of the sediments contain +1000 ppm lithium and the bottom sample contained 1,310 ppm lithium, indicating lithium-rich sediments probably continue. Other elements in the BC1801 hole with concentrations that may be amenable to recovery include boron and potassium. Bulk samples of the sediments, also collected as the hole was drilled, are being prepared for shipment to St-Georges Eco-Mining Corp of Montreal for further metallurgical testing utilizing their propriety technology. Brine sampling of BC1801 will take place this week, now that the hole fluids have returned to their natural state. Additional shallow drilling is planned south of the current resource to expand the resource, find shallow lithium-rich sediments for further bulk testing using an excavator and to test for shallow lithium brine. See the location map of these drill holes on the Iconic website at | |
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