Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Iconic Gold (ICON) has received results from early-stage metallurgical test work on drill core samples at its San Roque property in Argentina
  • The technical report shows encouraging metallurgical performance characteristics for the deposit and favourable gold extraction results for the more easily accessible oxide zones
  • The primary objective of the metallurgical test work was to determine the practicability of recovering gold from the estimated inferred resource zones and varied geologic realms of the deposit
  • Iconic Gold (ICON) was trading steady at $0.025 per share as of 10:00 am ET

Iconic Gold (ICON) has received results from early-stage bench-scale metallurgical test work on drill core samples at its San Roque property.

The technical report from SGS Canada shows encouraging metallurgical performance characteristics for the deposit, favourable gold extraction results for the more easily accessible oxide zones, and the expectation of achieving smelter grade sulphide concentrates from the sulphide mineralization.

SGS received 191 kilograms of San Roque drill core samples for the test work. This material comprised 61 core splits of original assay sample run intervals representing about 58 meters of quartered HQ size drill cores.

Some tested samples show that some of the gold may be fine-grained nugget gold. Overall, gold and silver recovery averaged 88.2 per cent for gold and 63.9 per cent for silver.

The primary objective of the metallurgical test work was to determine the practicability of recovering the metallic minerals and metal elements, mainly gold, from the estimated inferred resource zones and varied geologic realms of the deposit.

The President and CEO of Iconic Gold, Robert Abenante stated that management and technical consultants believe that metallurgical test work objective has been successfully achieved.

“We interpret the extensive metallurgical testing results in the Metallurgical Report as being very positive overall for the current stage of the property and view them as a green light to move forward with continued exploration and evaluation of the Property.”

Iconic Gold Exploration Corp. (ICON) is a resource company. It is engaged in acquiring, exploring, and evaluating mineral resource properties in Argentina. The company’s portfolio includes its wholly-owned, advanced exploration stage San Roque gold property located in Northeast Patagonia near the Atlantic coast in Rio Negro, Argentina.

Iconic Gold (ICON) was trading steady at $0.025 per share as of 10:00 am ET.

More From The Market Herald

" Solstice Gold Corp. (TSXV:SGC) upsizes private placement

Solstice Gold Corp. (SGC) has upsized its previously announced non-brokered private placement for gross proceeds of $3M.

" Tudor Gold Corp. (TSXV:TUD) announces fourth amended and restated arrangement agreement

Tudor Gold Corp. (TUD) has signed an amended and restated arrangement agreement with subsidiary Goldstorm Metals Corp.
Mandalay Resources - President and CEO, Dominic Duffy.

" Mandalay Resources (TSX:MND) completes sale of the Challacollo Project

Mandalay Resources (MND) has completed the sale of Minera Mandalay Challacollo Limitada (MMC) to Aftermath Silver Inc.
Exploits Discovery Corp. - President & CEO, Jeff Swinoga.

" Exploits Discovery Corp. (CSE:NFLD) closes non-brokered private placement

Exploits Discovery Corp. (NFLD) has closed its previously announced non-brokered private placement for gross proceeds of $1,500,399.