Iconic
Minerals (V:ICM)
has three gold and three lithium properties, all located in Nevada.
Its Bonnie Claire lithium brine project consists of 23,100 acres of
contiguous placer claims, contained within a valley that is 37 miles
from Albemarle's Silver Peak mine. Sampling of salt flats within the
800-square-mile basin found lithium values up to 340 ppm. Assays of
lithium cuttings from the first drill hole discovered lithium
sediments averaging 1,153 ppm over 1,560 feet. Initial leaching tests
showed recoveries up to 98%. At Smith Creek, Iconic controls 808
placer claims totalling 25 square miles within the Smith Creek Valley
Basin, which is slightly larger than the Clayton Valley Basin. Mud
flat sediments have a calculated thickness of over 4,000 feet.
Sampling of brine evaporates deposited just north of the mud flat
returned lithium values up to 470 ppm.