Welcome to Our Community!

If you are frustrated with the existing forums out there like we are, sign up and help us build a new, clean and modern financial site!

Interested in helping? We are looking to expand out team!

  1. Do you want to help develop this community? We are looking for contributions from investors and traders like you! What stocks do you follow? What is hot right now? Sign up and get in on the ground floor of the newest, fastest growing financial forum!
    Dismiss Notice
  2. You will notice a live chat widget on the right. Click in to join us and lets hear about how you nailed that last UWTI trade!
    Dismiss Notice

Iconic Minerals - ICM.V

Discussion in 'Canadian Stocks Message Boards' started by Kayakfan, Dec 14, 2016.

  1. Xa¡on

    Xa¡on New Member

    Joined:
    Dec 14, 2016
    Messages:
    23
    Likes Received:
    12
  2. hollyhunter

    hollyhunter Member

    Joined:
    Apr 13, 2016
    Messages:
    32
    Likes Received:
    8
    The company has a unique approach to finding lithium in Nevada . The Bonny Claire Valley in Nevada has all of the characteristics of the Clayton Valley, and has been sampled positively for lithium. http://canada.stoxline.com/q_ca.php?s=icm.v
     
    Xa¡on likes this.
  3. Xa¡on

    Xa¡on New Member

    Joined:
    Dec 14, 2016
    Messages:
    23
    Likes Received:
    12
    Good evening Ladies and Gentlemen,

    two events forthcoming right on ICM's doorstep.

    Vancouver Resource Investment Conference 2017
    January 22-23, 2017
    Vancouver, British Columbia

    The Vancouver Resource Investment Conference is the world’s largest resource investment conference dedicated to resource exploration. Investment thought leaders and wealth influencers provide our audiences with valuable insights. C-suite company executives covering every corner of the mineral exploration sector as well as metals, oil & gas, renewable energy, media and financial services companies are available to speak one on one. This is a must-attend for investors and stakeholders in the global mining industry. http://www.cambridgehouse.com/event/54/vancouver-resource-investment-conference-2017

    Mineral Exploration Roundup 2017
    January 23-26, 2017
    Vancouver, British Columbia

    This year’s conference will bring together geoscientists, prospectors, investors, suppliers and First Nation partners to share ideas that will help shape the future of mineral exploration and development.
    http://roundup.amebc.ca/

    Regards Xa¡on
     
  4. Xa¡on

    Xa¡on New Member

    Joined:
    Dec 14, 2016
    Messages:
    23
    Likes Received:
    12
  5. Kayakfan

    Kayakfan New Member

    Joined:
    Dec 14, 2016
    Messages:
    11
    Likes Received:
    11
    After some off-time over the holidays I would like to start again with this promising Lithium pick.

    I seems like the share price a stabilizing at the current level which is also the price of the latest pp. I expect an update on the Bonnie Claire Lithium project within the next days. Maybe there will also be some news on the other Lithium projects ICM optioned last fall.

    So what will be the next steps?

    As Xaion posted, ICM will attend three interesting summits within the next weeks:

    Vancouver Resource Investment Conference 2017 - January 22-23, 2017
    Mineral Exploration Roundup 2017 - January 23-26, 2017
    PDAC 2017 - March 5-8, 2017

    I expect ICM to publish the latest exploration update and test results before attending those conferences next week. They won't go there with empty hands I suppose.

    So what are we waiting for when it comes to ICMs drilling program? Let's summarize:

    - Sediment Assays BC1602
    - Leach test of BC1602
    - further leach tests of BC1601 with de-ionised water
    - further findings on practicability of heap leaching or in situ
    - definition of next drilling holes at Bonnie Claire

    And what else?

    - There are still gold assets to be capitalized. With Gold now rebounding this option becomes more and more promising. Maybe they can sell one or more of the (depreciated) assets and use the gains for funding Bonnie Claire or other lithium claims or distribute a dividend to existing shareholders. Both optins should increase shareholder value drastically.

    - From my POV there will be an investor within the next months if the additional test results are also positive. With the help of this investor, ICM will be able to fund the Bonnie Claire project to the resource estimation and pre feasibilty study.

    Let's see, what the next months will bring. I'm optimistic that ICM provides a real good opportunity in the field of lithium explorers and we'll see higher stock prices in summer or end of year.
     
    Xa¡on likes this.
  6. Xa¡on

    Xa¡on New Member

    Joined:
    Dec 14, 2016
    Messages:
    23
    Likes Received:
    12
    Hello Kayakfan,

    ICM is present at the Vancouver Resource Investment Conference 2017 but not sure about the Mineral Exploration Roundup 2017 since it's focus is more on the technical side of exploration.
    PDAC 2017 is also a great opportunity to get in touch with investors and present oneself.

    Corporate update / news / assays due any day now + as far as I know there is a conferance call planned within short.

    Regards Xa¡on
     
  7. Xa¡on

    Xa¡on New Member

    Joined:
    Dec 14, 2016
    Messages:
    23
    Likes Received:
    12
    http://www.iconicmineralsltd.com/in...-provides-update-on-its-bonnie-claire-project

    ICONIC BEGINS EXPLORATION AT SMITH CREEK VALLEY LITHIUM PROJECT, NEVADA AND PROVIDES UPDATE ON ITS BONNIE CLAIRE PROJECT

    Iconic Minerals Ltd. (the “Company” or “Iconic”) (TSX V: ICM) (OTC: BVTEF) (FSE: YQGB) is pleased to announce that it has initiated work at its recently acquired Smith Creek Valley lithium project (“Smith Creek”), located 140 miles (225 km) east of Reno, near Austin, Nevada. Claim staking, geologic mapping, surface geochemical sampling and gravity interpretation have been completed on Smith Creek. A map of the Smith Creek property is available on the Company’s website.

    Iconic controls 808 placer claims totaling 25.25 square miles (65.4 km2) over a major gravity low. The enclosed Smith Creek Valley Basin covers 582 square miles (1,507 km2), which is slightly larger than Clayton Valley Basin where lithium brines are produced. Smith Creek Valley is over +40 miles (+64 km) long in a north-northeast direction and averages 9 miles (14.5 km) in width. The vast majority of rock weathering into the basin is felsic ash flow tuff, which is an excellent source of lithium. The Smith Creek basin itself is composed of alluvium surrounding a mud flat, a remnant of a paleo-lake. Brine evaporate is found around the edges of the mud flat, but not in sufficient quantity to be mapped as a unit. The basin is bounded by a series of step faults that down-dropped the central basin several thousand feet. Some of these step faults serve as fluid conduits for present day hot springs that border the mud flats. Activity in this geothermal location is believed to be a major contributing factor to the presence of economic lithium brines. Previous shallow drilling by the USGS in the valley for a ground water study discovered the presence of brine, though it was not assayed for lithium.

    A gravity study of the Smith Creek Valley area completed by Frank Fritz of Fritz Geophysics of Fort Collins, Colorado, discovered a large gravity low under the southern portion of the valley. The mud flat sediments have a calculated thickness of over 4,000 feet (1,220 m). Sampling of brine evaporates deposited in the mud flat downslope of hot springs, located just northwest of the flat, returned lithium values of up to 470 ppm. It is possible that the lithium is being brought to the surface from brine at depth by geothermally heated groundwater.
    A MagnetoTelluric (MT) geophysical survey has been conducted at Smith Creek Valley and is currently being interpreted. The purpose of this survey was to verify the extent and depth of the potential brine deposit.

    Bonnie Claire Project Update

    McClelland Laboratories, Inc. of Sparks, Nevada has commenced agitated leach testing of the drill cuttings from BC1601. These tests will determine the leachability of lithium from the sediments using several different leaching agents including water, dilute hydrochloric and dilute sulfuric acid. Results of this first phase of metallurgical testing are expected within a few weeks. After determination of the optimal leaching agent, concentration and leaching time, advanced metallurgy including column leach testing is planned.

    Additional geophysical surveying has been scheduled north of drill hole BC1601, in order to determine the location of the major east-west fault that is interpreted to truncate the brine horizon. This fault could be a major feeder structure for lithium brine and therefore, is a high priority drill target. Subject to the ground conditions, the survey will be conducted in February.

    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: (604) 336-8614

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

    Regards Xa¡on
     
  8. Xa¡on

    Xa¡on New Member

    Joined:
    Dec 14, 2016
    Messages:
    23
    Likes Received:
    12
  9. Xa¡on

    Xa¡on New Member

    Joined:
    Dec 14, 2016
    Messages:
    23
    Likes Received:
    12
    Should Iconic Minerals take Hercules Private?

    https://www.evernote.com/shard/s316...80be461f4640/0cba9868f6b8b70abc62df9063758ceb

    [​IMG]

    Iconic Minerals Ltd (CVE:ICM) reported in their MD&A dated Dec 2016 that they have decided to concentrate their resources and efforts towards its Bonnie Claire and Hercules Project Properties, and accordingly impaired the New Pass Property to a nominal value, but continue to hold the rights to explore.
    Iconic Minerals is a Lithium and Gold exploration companies with exploration assets mainly in Nevada. Their Hercules Project is located in the Como Mining District, approximately 15 kilometres away from the Comstock Mine, part of the Comstock mining district which is famous for being the first and most significant discovery of silver ore in United States.
    Currently Hercules requires another 200+ drill holes to bring the resource up to NI43-101 compliance.
    In light of the capital requirement to come to complete the work, should Iconic Minerals consider taking Hercules private then?

    Historical Exploration Results were verified and they confirm the existence of alteration and mineralization
    Geological information with respect to Hercules Project are compiled from at least six separate exploration groups over a period of some 30 years. Majority of the data was generated by respected major and minor mining companies and it is likely their respective procedure and methodologies will have met industry standards at the time of their work. In addition, information from historical work has been consistently confirmed by various successor companies over the years.
    “Based on 30 years of experience with RC and core drilling programs in Nevada, Mr. Douglas H. McGibbon from McGibbon Consulting LLC, generally confirms that historically reported grades and thickness of mineralization can reasonably be expected to be present in all the four previously defined target areas.”
    "Moreover, the data also provides confidence with respect to other historical data in that check assaying in most cases shows remarkable consistency and repeatability for both gold and silver assays”
    These results have lead Mr McGibbon to believe that historic assays from the Hercules Project are reliable and that assay results are likely to be verified by subsequent drilling or reassaying programs.
    WCE conducted a non Ni43-101 resource estimate in 2011 prior to t/o by Iconic
    In 2011, Mr Paul Moland conducted an independent technical report for Iconic’s JV partner Willow Creek Enterprises Inc (WCE) to ascertain the potential of Hercules and provide guidance on further drilling.

    The WCE Report described the Hercules property as containing a "drill indicated resource" of 24 million tons at an average grade of 0.024 opt Au-equivalent based on 0.010 opt Au-equivalent cut-off grade equating to approximately 580,000 contained
    ounces (470,000 ounces Au and 6,500,000 ounces Ag).The WCE Report also described an “inferred mineral resource" of approximately 24 million tons at an average grade of 0.021 opt Au-equivalent for approximately 527,000 contained ounces (427,000 ounces Au and 6,000,000 ounces Ag). Based on a 1/60 Au value, total equivalent ounces for inferred and indicated came out to be 1,200,000 ounces.
    However the WCE estimate is an historical estimate and does not represent curretn mineral resources or reserves under NI 43-101
    Iconic has focused on confirmatory exploration since acquisition.
    Iconic has been active on Hercules since they took over in 2011. Currently they hold 100% of the property through a lease agreement from the underlying claim owner, MinQuest. Iconic are now responsible for the commitments of the underlying agreement, which are,
    [​IMG]
    Iconic has since completed a summer drilling program consisting of 12 RC and 8 core holes (total 2021m) in 2012, a surface alteration mapping program in 2014, outcrop sampling and assaying in 2015.
    Iconic obtained a Plan of Operation (POO) permit by Bureau of Land Management (BLM) in Jan 2015, which allowed them to drill an additional 200+ holes for the purpose of delineating an NI 43-101 resource. Completion of this work is subject to additional funding.

    Bigger fish to fry for Iconic?
    Iconic entered into a Brine Lithium property option agreement in Dec 2015, to acquire 100% of Lithium claims located in Nye County Nevada. Iconic has since progressively extended the number of claims from 784 (15,680 acres) to 921 claims (18,429 acres) by July 2016.
    By Nov 2016, Iconic has entered into two more Lithium Property Option Agreements to acquire 100% interest in 1,185 place mining claims comprising 23,700 acres in Nevada. The Company may earn its 100% interest in these claims through a series of spending on exploration and filing expenses which could reach US$4.5mil over 4 years.
    Hercules being a Gold project with a rich history of exploration activity and within a world-class mining district, wouldn’t it make better sense to go a step further and take it off market to develop it privately?

    Regards Xa¡on
     
  10. Xa¡on

    Xa¡on New Member

    Joined:
    Dec 14, 2016
    Messages:
    23
    Likes Received:
    12
    Conference Call will take place today but unfortunately on invitation only. Nevertheless I guess ICM will provide a transcript or playback afterwards.

    Thursday, January 19th, 2017 at 10:00AM (PST)

    Regards Xa¡on
     
  11. Xa¡on

    Xa¡on New Member

    Joined:
    Dec 14, 2016
    Messages:
    23
    Likes Received:
    12
    Iconic Minerals – Lithium Recovery Of Up To 98% & Gold Projects JV’ed With McEwen Mining
    Palisade Research January 20, 2017
    Category: Research

    Iconic Minerals (TSXV:ICM, OTCMKTS:BVTEF, FRA:YQGB) has found a new way to recover lithium. Lithium hosted in sediments to be exact.

    The company received very encouraging results from its initial tests taken from samples from its Bonnie Claire project in Nevada, headlined by recovery rates of up to 98%.

    Normally, the lithium in Clayton Valley is hosted in clay, which means the lithium is stranded; there is simply no economic way of extracting it. Lithium in sediments was almost no better… until now.

    In three samples taken from different elevations from Bonnie Claire, the fine-grained sediments showed leach recoveries of 98%, 93% and 89% lithium, leaching with dilute acid. More importantly, the lithium in the brine leachate appears to be lithium chloride, which is how lithium occurs in Clayton Valley brines. This means after leaching, Iconic’s lithium can be processed conventionally.

    This discovery has the potential to completely change how the market currently views Iconic. The company has 23,100 acres of contiguous placer claims and if further tests verify this recovery method, Iconic will have an enormous resource. Iconic can thank its President and CEO, Richard Kern, for this revelation. If not for his comprehensive background in heap leaching, this approach would never have been considered.

    Next steps? Iconic is currently working with McClelland Laboratories and has already started agitated leach testing some drill cuttings. This means using different leaching agents, including water, dilute hydrochloric and dilute sulphuric acid to determine the leachability of lithium from the sediments. Results from this are expected in the next couple of weeks.

    After determining the optimal agent, a column leach test is next on the docket. This test will take longer, most likely 60 to 90 days, but is needed to determine permeability. The good news is, Iconic plans on drilling concurrently. We expect the company to drill two more holes to get to resource, and this number will be substantial.

    As we mentioned in our first write-up, the company’s valuation is back-stopped by great gold assets in Nevada, including the 100%-owned Hercules gold-silver property with a historic resource of about 900,000 ounces of gold and 12.5 million ounces of silver; and the 50%-owned New Pass gold-silver property, which holds 260,000 ounces of gold and 2.5 million ounces of silver, all 43-101 compliant. Iconic’s last gold asset, the 50%-owned Squaw Creek, located near Battle Mountain and contains strongly anomalous gold mineralization.

    It is definitely worth noting that Iconic’s JV partner in New Pass and Squaw Creek is McEwen Mining, a C$1.5 billion, 150,000-ounce producer. While Iconic has incredible lithium assets, we still believe the market is attributing zero value to the gold assets.

    Iconic Minerals only has a market cap of C$7.6 million, and this company is on the verge of something big. We strongly suggest taking a deeper look and calling management to learn more about their assets and team.

    Palisade Global Investments Limited holds shares of Iconic Minerals. We receive either monetary or securities compensation for our services. We stand to benefit from any volume this write-up may generate. The information contained in such write-ups is not intended as individual investment advice and is not designed to meet your personal financial situation. Information contained in this report is obtained from sources we believe to be reliable, but its accuracy cannot be guaranteed. The opinions expressed in this report are those of Palisade Global Investments and are subject to change without notice. The information in this report may become outdated and there is no obligation to update any such information. Do your own due diligence.

    http://palisade-research.com/iconic...-to-98-gold-projects-jved-with-mcewen-mining/


    Regards Xa¡on
     

Share This Page