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Iconic Minerals Ltd.
Summary
| Project: | Bonnie Claire | |
|---|---|---|
| Deposit: | Bonnie Claire | |
| Location: | United States | |
| Commodities: | Lithium | |
| Date: | 2/22/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 22-2-2017: Iconic Minerals Ltd. announces an Exploration/Drilling Update report for its Bonnie Claire deposit at the Bonnie Claire project. Drilling results incl. 6.1m @ 1790ppm Li from 597.4m. Iconic Minerals Ltd. (the “Company” or “Iconic”) (TSX-V: ICM) | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Richard Kern (Internal) | |
| ABSTRACT: | Iconic Minerals Ltd. (the “Company” or “Iconic”) (TSX-V: ICM) (OTC: BVTEF) (FSE: YQGB) is pleased to announce that it has received initial lithium leaching results from sediments drilled in BC1602 at its Bonnie Claire project. Four samples (the “Samples”) from different elevations of the 1,170 feet (357 m) thick, continuously mineralized section of fined grained sediments show leach recoveries of 83% to 87% Li, leaching with dilute acid and 45% to greater than 56% leaching with distilled water. Samples were leached with dilute hydrochloric/nitric acid and another set with deionized water, the leachate was analyzed by Inductively Coupled Plasma (ICP) by ALS Minerals of Reno, Nevada. The sediment assays average 850 ppm lithium, with the highest lithium value of 1,790 ppm occurring at the bottom of the hole. It is believed that the lithium-rich sediments continue below the currently drilled depth. While the acid leach results are interesting, the fact that distilled water recovered an average of over 51% of the lithium has even greater implications. If plain water can be utilized as a leaching agent, this should reduce the cost of any potential future production. These results may indicate significant implications as to how lithium brine ends up in major faults and intersecting permeable beds at Clayton Valley. Fresh water moving along these structures may be leaching lithium from the surrounding sediments and forming the lithium brine produced in the valley. | |
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