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Iconic Minerals - ICM.V

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

  1. Kidbooo

    Kidbooo New Member

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    ____________________________________________________________________________________________________________________

    Hello everyone,
    The stock price development is disillusioning at the moment to be honest. Although we've seen a positive news release and plenty of potential with leaching possibilities of the lithium rich sediments, the selling pressure is still high.

    Maybe it's tax loss selling or a warrant holder is shifting his assets, who knows...

    Iconic now needs to explain in a simple way how to interpret the results and what steps will follow. A business outlook for 2017 and as a sign of confidence an insider purchase might help to gain back some conficence..
     
  2. Xa¡on

    Xa¡on Member

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    Metallurgical Research & Development

    Lithium Extraction

    Bonnie Claire


    Iconic’s material from Bonnie Claire has been further concentrated. Air Classification trials are on-going to tweak the process. Results will be integrated in the final report this month on the concentration portion of the process. Concentration was improved by a factor or 2 and batch column floatation with a silicate salt saturated medium has beenimproved, also increasing the selectivity. The company is still conducting tests with the concentrate past the leach step and will also integrate some of these results in the final report for phase 1.

    Other tests with spodumene concentrate have been commissioned.
    The material from Bonnie Claire is a close parent from spodumene concentrate when in leach solution.

    https://webfiles.thecse.com/MonthlyReportSXApril2019.pdf?PuvBVR02o5dRX5p25TNgHehcF0c4quyd
     
  3. Xa¡on

    Xa¡on Member

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  4. Xa¡on

    Xa¡on Member

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  5. Kidbooo

    Kidbooo New Member

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    Thank you my issue has been solved,....
     
  6. Xa¡on

    Xa¡on Member

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    Metallurgical Research & Development

    Lithium Extraction

    Bonnie Claire
    Phase 2 trials are underway. The company is working with equipment vendors to improve the economics of the final stage of the process, the purification of the lithium and magnesium coming out of the leached solution.

    Other Lithium Initiatives

    Pilot Plant
    St-Georges management has partnered with an academic institution to designa pilot plant that will allow the company to test in an industrial setting its extractions processes for lithium, as well as its copper, nickel and ironextraction process research initiatives. The partners’ plans are based on a governmental contribution in the form of a grant expected to cover the majorityof the costs.

    https://webfiles.thecse.com/MonthlyReportSXJune2019.pdf?pTwnX7W3NwfCrV4egQz333.pwTRC10pO
     
  7. Xa¡on

    Xa¡on Member

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    Iconic Initiates 2019 Exploration Plan at Bonnie Claire Lithium Project, Nevada

    Vancouver, British Columbia--(Newsfile Corp. - July 10, 2019) - Iconic Minerals Ltd. (TSXV: ICM) (OTC Pink: BVTEF) (FSE: YQGB) ("Company" or "Iconic") is pleased to announce that it is preparing to mobilize to the Bonnie Claire project and initiate the 2019 exploration plan ("Exploration Plan").

    Five drill holes averaging 90 meters (300 feet) depth will be drilled in the southern portion of the project area in an area of anomalous surface lithium values and interpreted faults. Down-hole sediment samples will be collected continuously in 6 meter (20 feet) intervals and sent to a geochem lab for analysis.

    In Addition to the commencement of the Exploration Plan, the Company would like to announce that it has received the draft report titled: "Bonnie Claire Metallurgical Evaluation and Process Development", by St. Georges Eco Mining ('SX"), who collaborated with an independent lab, SGS Lakefield Laboratories ("SGS") where an elemental analysis and crystalline analysis of Bonnie Claire's material were performed.

    Iconic's technical team is reviewing the report in conjunction with independent verification in accordance with 43-101 compliant standards.

    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). Four drill holes have identified an open ended, 43-101 compliant resource of 28.58 billion kilograms of lithium carbonate equivalent. The drilling that defined the current resource only covered an area of 3.0 km2 (1.2mi2), while previously run MT geophysics show a potentially mineralized area of 27.3 km2 (10.5mi2). Drilling to date has shown strong correlation between the MT results and the lithium mineralization. The thickness of the lithium mineralization is unknown, but drilling indicates it is greater than 600 meters (2,000 feet). The current claim block covers an area of 57.5 km2 (22.2mi2). Further drilling has been permitted and metallurgy to determine the most efficient recovery method is currently in progress.

    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

    Richard Kern, President and CEO
    Contact: Keturah Nathe, VP Corporate Development (604) 336-8614

    For further information on ICM, please visit our website at 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.
     
  8. Xa¡on

    Xa¡on Member

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  9. Xa¡on

    Xa¡on Member

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    Iconic Announces Additional Metallurgical Results Bonnie Claire Lithium Project, Nevada
    https://ceo.ca/@newsfile/iconic-announces-additional-metallurgical-results-bonnie

    Vancouver, British Columbia--(Newsfile Corp. - July 25, 2019) - Iconic Minerals Ltd. (TSXV: ICM) (OTC Pink: BVTEF) (FSE: YQGB) ("Iconic") is pleased to announce that St-Georges Eco-Mining Corp. (CSE: SX) has presented a Phase I Independent Review of its Phase I report titled "Bonnie Claire Metallurgical Evaluation and Process Development" to Iconic. SX has developed Nitric Acid leaching methodology that puts between 99.97% and 100% of the lithium from the sediments into solution at room temperature within 1-4 hours. SX has reached the Phase 1 Benchmark which calls for the issuance of 2,000,000 of Iconic's common shares to St-Georges. The shares will remain in escrow for three years. Iconic has also met its other obligations derived from this agreement by participating in St-Georges' private placement in January 2019 for CAD $100,000.

    Additional details of the Nitric Acid leaching is quoted below from an SX press release dated July 24, 2019:

    St-Georges' Process: Selective Leaching with Nitric Acid

    "Leaching with a passivating acid normally used to clean steel and passivate the welds of stainless steel was performed in the hope of selectively removing the magnesium (Mg) and all the salt metals like sodium (Na), calcium (Ca), lithium (Li) and magnesium (Mg).

    The initial results with a 4-hour leach showed that all the salt metals and carbonate formations leached easily. This follows the logic of cleaning acid and leaves most of the other elements behind, such as silica (Si), alumina (Ai), potassium (K).

    Multiple 1-hour leach tests confirmed the leaching of 100% of the lithium leaving behind most of the leachable elements from other acids such as potassium (K). The only loss of lithium that occurred during some of these tests was due to the water in the filter with the solids and represented less than 0.03% of the total lithium value. It also corresponds directly to the water retained with this type of fine material. Additional trials are being performed with reduced time of contact and temperature to optimize the lithium-bearing fines leaching.

    The lithium in the super fines leached completely in each test performed with nitric acid. The trials to selectively optimize leaching the lithium with less calcium and magnesium are expected to be performed in the third quarter of 2019. It is expected that calcium can be reduced partially by filtering the coarser calcium formation as per SGS results and partially with less contact time with the acid. The same for magnesium. New samples will be treated once received."

    Iconic looks forward to the SX Phase II report which will include plans for a pilot plant.

    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). Four drill holes have identified an open ended, 43-101 compliant resource of 28.58 billion kilograms of lithium carbonate equivalent. The drilling that defined the current resource only covered an area of 3.0 km2 (1.2mi2), while previously run MT geophysics show a potentially mineralized area of 27.3 km2 (10.5mi2). Drilling to date has shown strong correlation between the MT results and the lithium mineralization. The thickness of the lithium mineralization is unknown, but drilling indicates it is greater than 600 meters (2,000 feet). The current claim block covers an area of 57.5 km2 (22.2mi2). Further drilling has been permitted and metallurgy to determine the most efficient recovery method is currently in progress.

    On behalf of the Board of Directors

    Richard Kern, President and CEO
    Contact: Keturah Nathe, VP Corporate Development (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.
     
  10. Xa¡on

    Xa¡on Member

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    https://ceo.ca/@newsfile/iconic-disposes-of-its-interest-in-the-hercules-project

    Iconic Disposes of its Interest in the Hercules Project, Nevada


    Vancouver, British Columbia--(Newsfile Corp. - August 9, 2019) - Iconic Minerals Ltd. (TSXV: ICM) (OTC Pink: BVTEF) (FSE: YQGB) ("Iconic" or the "Company") announces that it has entered into an agreement dated August 9, 2019 (the "Hercules Option Agreement") with Great Basin Resources Inc. ("Great Basin"), Eclipse Gold Mining Corporation ("Eclipse") and Hercules Gold USA, LLC ("HGU"), a subsidiary of Eclipse, in respect of the Hercules gold property located in Lyon County, Nevada (the "Hercules Project").

    Iconic currently holds an option (the "Existing Option") from Great Basin to acquire a 100% interest in the Hercules Project, and it owns certain exploration data relating to the Hercules Project (the "Existing Data").

    Pursuant to the Hercules Option Agreement, Iconic will terminate the Existing Option and a revised minerals lease agreement assigned to Iconic by way of assignment dated October 4, 2013 (the "Lease") and transfer to HGU the Existing Data (the "Data Transfer").

    In consideration for the Data Transfer and the termination of the Existing Option and the Lease, Eclipse will:

    • make a cash payment to Iconic in the sum of CAD $325,000 within five business days of the execution of the Hercules Option Agreement; and
    • issue to Iconic up to an aggregate of 4 million common shares in the capital of Eclipse ("Eclipse Shares") as follows:
    • 1 million Eclipse Shares on the date which is 10 days immediately following the date on which Eclipse's shares become listed on a public stock exchange or stock quotation system (the "Listing Date"); and
    • 1 million Eclipse Shares on each of the first, second, and third anniversary dates of the Listing Date.
    Under the terms of the Hercules Option Agreement Great Basin has granted an option (the "HGU Option") to HGU under which HGU must complete certain exploration expenditures over a three year period and make cash payments to Great Basin.

    In the event that HGU fails to exercise the HGU Option in accordance with the Hercules Option Agreement, Iconic may elect to receive an assignment of HGU's rights and benefits under the Hercules Option Agreement and to assume certain of HGU's remaining obligations under the Hercules Option Agreement as may be outstanding at such time. The term of the HGU Option is the earlier of the date of exercise of the HGU Option, the termination of the Hercules Option Agreement or 12 years from the Listing Date.

    Related Party Transaction and MI 61-101 Considerations

    Great Basin and Richard Kern may be considered "related parties" of the Company as Richard Kern, a director, the President and the CEO of the Company, owns and/or controls Great Basin and the transactions contemplated under the Hercules Option Agreement (collectively the "Transaction") may be a "related party transaction" under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101").

    The directors of Iconic have determined that the Transaction, if it were determined to be a "related party transaction", would be exempt from the formal valuation requirements under section 5.4 of MI 61-101 as the Company's securities are not listed or quoted on any of the stock exchanges enumerated therein and the minority shareholder approval requirements under section 5.6 of MI 61-101 in reliance on the exemption set forth in section 5.7(a) of MI 61-101.

    On behalf of the Board of Directors

    SIGNED: "Keturah Nathe"

    Keturah Nathe, Director
    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.
     

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