Friday, October 18, 2019

ICM – Central Due Diligence

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  • #1575
    RMR
    Keymaster

    Talk about Iconic Minerals Ltd Extended DD

    #2302
    Barry4180
    Participant

    ICM Share Structure

    #2303
    Barry4180
    Participant

    ICM Management

    #2304
    Barry4180
    Participant

    2019 Operations Plan

    #2305
    Barry4180
    Participant

    Partnership with St. Georges Eco Mining

    #2306
    Barry4180
    Participant

    Metallurgy:
    ICM Contract
    Bonnie Claire property: St. George Eco Mining singed a contract to develop a way to extract lithium from clay more efficiently at the Bonnie Claire lithium deposit fully owned by its partner Iconic Minerals ltd (TSX-V: ICM). The company successfully tested its leaching approach with spodumene and other clay formations of lithium without pressure, calcimine and high temperatures. This development can be applied to any hard feed which includes tailings, clay and hard rocks. St-Georges metallurgists are planning to initiate tests with lepidolite lithium material available from St-Georges’ Le Royal Project. Provisional patents have been filed.

    #2311
    Barry4180
    Participant

    NOTICE: Iconic Minerals – Fox Business Network – Sunday March, 3, 2019

    The Company would like to give notice to its shareholders that the Company’s CEO (Richard Kern) will be featured on national Fox Business Network on Sunday, March 3, 2019 at 10:37 PM Eastern, 9:37 PM Central, 8:37 PM Mountain and 7:37 PM Pacific Time

    In this five minute segment, Richard Kern will be providing comments on the lithium industry while onsite in Nevada, at the Bonnie Claire property.

    #2312
    Barry4180
    Participant

    Iconic will be initiating its Phase 2 drilling program in 2019, where the data will be used towards completion of a pre-feasibility study

    #2313
    Barry4180
    Participant

    January 14, 2019 – Iconic Minerals Ltd. (TSX‑V: ICM / FSE: YQG) announces the appointment of Keturah Nathe to the Board of Directors, taking the place of Joseph Charland, who has resigned.

    Ms. Nathe, who has acted as the Company’s Vice-President Corporate Development since 2013, has 11 years’ experience in the resource finance and management industry, including investor relations, corporate finance, mergers and acquisitions, corporate development and corporate management.

    Iconic welcomes Ms. Nathe, and thanks Mr. Charland for his 3 years of service on the Board of Directors.

    On behalf of the Board of Directors

    SIGNED: “Richard Kern”

    #2314
    Barry4180
    Participant

    Vancouver, B.C. (January 16, 2019) – Iconic Minerals Ltd. (TSX‑V: ICM) (OTC: BVTEF) (FSE: YQGB) is pleased to announce that it has received an update from St-Georges Eco-Mining Corp. (“St-Georges”) (CSE: SX) regarding Phase 2 metallurgical testing of the lithium-rich sediments (the “Sediments”) from Iconic’s Bonnie Claire lithium deposit in Nevada.

    St-Georges’ metallurgists report that they have successfully improved the concentration of lithium in the Sediments, originally reported in December (refer to news release December 20, 2018) using mechanical separation and selective leaching of other elements within the Sediments. The additional tests St-Georges completed in Stage 2, through selective leaching methods, have improved the elimination of barren material from 55% to 85%-88%, while retaining 100% of the lithium. Upon completion approximately 12% to 15% of the original material remains for further processing and purification. This process may significantly reduce the cost of production.

    St-Georges is proceeding with the next stage of tests within Phase 2, where it hopes to improve the leaching selectivity. Iconic looks forward to receiving further metallurgical results from St Georges.

    The Bonnie Claire Lithium Property Characteristics:

    The Property is located within Sarcobatus Valley that is approximately 30 km (19 miles) long and 20 km (12 miles) wide. Quartz-rich volcanic tuffs, that contain anomalous amounts of lithium, occur within and adjacent to the valley. Geochemical analysis of the local salt flats has yielded lithium values up to 340 ppm. The gravity low within the valley is 20 km (12 miles) long, and the current estimates of depth to basement rocks range from 600 to 1,200 meters (2,000 to 4,000 feet). The current claim block covers an area of 35 km2 (13.5 mi2) with potential to be underlain by lithium-rich sediments.

    On behalf of the Board of Directors

    SIGNED: “Richard Kern”

    Richard Kern, President and CEO

    #2316
    Barry4180
    Participant

    November 1, 2018 – Iconic Minerals Ltd. (“Company” or “Iconic”) (TSX‑V: ICM) (OTC: BVTEF) (FSE: YQGB) is pleased to announce it has completed a NI 43-101 technical resource study of the Bonnie Claire Project (“Project” or “Bonnie Claire”). The report defined an Inferred resource of 5.370 billion kilograms (kg) or 11.839 billion pounds of (LCE). The lithium carbonate equivalent consists of lithium carbonate and lithium chloride. The average grade of the current resource is 963 ppm lithium.

    Highlights:

    The resource is outlined by 3 deep and 1 shallow drill holes. The resource is open in all directions
    The deposit is essentially flat lying, continuous, and begins near-surface in the central part of the deposit.
    Early initial metallurgy showed leach recoveries of 83% to 98% Li, leaching with dilute acid and 11% to 56% leaching with distilled water.
    An additional 10 drill holes are needed to move the resource to Indicated or higher category.

    Details:

    The National Instrument 43-101 Mineral Resource Estimate will be filed on SEDAR within 45 days and carries an Effective Date of October 30, 2018. The report resource was estimated by Terre Lane, MMSA Qualified Professional and SME Registered Member, of Global Resource Engineering Ltd. (GRE) of Denver, Colorado. GRE has extensive experience in the resource estimation, mining, and extraction of sedimentary-hosted deposits.

    The mineral resource estimate incorporates geologic and assay results from drilling of four drill holes done by Iconic in 2016 to 2018.The four drill holes, total 1,737.4 meters (5,700 feet), with an average depth of 434.4 meters (1,425 feet) per hole. Assaying was performed using 6.096-meter-long (20-foot-long) sample intervals by ALS Chemex of Reno, Nevada. GRE created 100-meter composites at consistent elevations between the four drill holes. GRE modeled the composite grades into the 2000-meter diameter maximum area surrounding each drill hole, assuming a constant distribution of grade throughout each 100-meter interval. Using estimated mining and processing costs GRE estimated a cutoff grade of 400 ppm lithium. The results are as follows:

    Table ‑1: Summary of Bonnie Claire Lithium Project Inferred Mineral Resource Estimate (1,000,000s)
    Cutoff Grade Tonnes Above Cutoff Lithium Above Cutoff (kg) Grade Li (ppm)
    400 5,574 5,370 963

    Additional cutoffs and grades can be found in the NI43-101 Technical Report filed on SEDAR

    At a cutoff of 400 ppm lithium there are 5,574,000,000 tonnes above cutoff containing 5,370,000,000 kilograms (kg) (11,839,000,000 billion pounds) of lithium carbonate equivalent (LCE).

    Readers are advised that Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability under NI 43-101.

    Bulk sample metallurgy is currently being conducted by St-Georges Eco-Mining Corp of Montreal and results are expected shortly. Additional drilling to expand and further define the resource is currently in the planning stage.

    The Bonnie Claire Lithium Property Characteristics:

    The Property is located within Sarcobatus Valley that is approximately 30 km (19 miles) long and 20 km (12 miles) wide. Quartz-rich volcanic tuffs, that contain anomalous amounts of lithium, occur within and adjacent to the valley. Geochemical analysis of the local salt flats has yielded lithium values up to 340 ppm. The gravity low within the valley is 20 km (12 miles) long, and the current estimates of depth to basement rocks range from 600 to 1,200 meters (2,000 to 4,000 feet). The current claim block covers an area of 35 km2 (13.5 mi2) with potential to be underlain by lithium-rich sediments.

    Richard Kern, Certified Professional Geologist (#11494) and CEO of Iconic is the Qualified Person who has prepared and reviewed this press release in accordance with NI 43-101 reporting standards.

    On behalf of the Board of Directors

    SIGNED: “Richard Kern”
    Richard Kern, President and CEO

    Contact: Keturah Nathe, VP Corporate Development (604) 336-8614

    For further information on ICM, please visit our website at http://www.iconicmineralsltd.com. The Company’s public documents may be accessed at http://www.sedar.com

    Forward Statement: This news release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this release are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Iconic expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.

    Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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