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Iconic Minerals Ltd.
Summary
| Project: | Bonnie Claire | |
|---|---|---|
| Deposit: | Bonnie Claire | |
| Location: | United States | |
| Commodities: | Lithium | |
| Date: | 1/30/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 30-1-2017: Iconic Minerals Ltd. announces an Exploration/Drilling Update report for its Bonnie Claire deposit at the Bonnie Claire project. Analysis of drill cuttings gives 357m @ 850ppm Li from 250m. Iconic Minerals Ltd. (the “Company” or “Iconic”) (TSX- | |
| 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 complete geochemical results from the sampling of drill cuttings (the “Samples”) taken from BC1602, the second test hole drilled at its Bonnie Claire project. Commencing at a depth of 820 feet (250 m) and continuing to the bottom of the hole at 1,990 feet (607 m) lithium values average 850 ppm. These highly anomalous results extend the mineralized zone discovered in hole BC1601. A map showing the location of both drill holes can be found on the Company’s website. The Samples were collected in 20 foot (6.1 m) intervals, during the drilling of BC1602. This hole is located approximately 1.43 miles (2.30 km) southeast of BC1601. BC1601 contains an intercept of 1,180 feet (360 m) averaging 1,307 ppm lithium and +500 ppm lithium values begin within 20 feet (6 m) of the surface. BC1602 contains an intercept of 1,170 feet (357 m) averaging 850 ppm lithium with the highest lithium value in BC1602 of 1,790 ppm occurring at the bottom of the hole. The intercept in the second hole is deeper because of alluvial and beach sand cover. The identical geology and geophysical signatures of these two mineralized intercepts indicate that lithium bearing sediments occur continuously between the two drill holes. The drill cuttings sampling of BC1601 was conducted by an independent geologist following QC guidelines and shipped to ALS Chemex in Reno, Nevada for analysis. ALS Chemex is an ISO registered and accredited laboratory. Initial leach testing of the mineralized intercept from BC1602 is in progress and will be reported when received. | |
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