Thursday, December 14, 2017

Iconic Minerals


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.