OUR NEW PROFILE IS: MFMLF
(TSXV: ICON) (FRA: MMRB)
Good Morning Traders,
Our Gold Profile is International Iconic Gold Exploration Corporation (OTC: MFMLF)
International Iconic Gold Exploration Corporation (OTC: MFMLF) (TSXV: ICON) (FRA: MMRB) is in the business of acquiring, exploring, and evaluating mineral resource properties in Argentina. The Company’s focus is strictly in and on building value in Argentina, where it currently has 10 properties. It has never held property interests in any other country, and its Board of Directors intends to maintain that course. The Company has been and continues to be involved in a diversity of mineral properties hosting: Alkali Metals (Li + K & B), Base Metals (Co, Ni, Cu, & Zn + Pb), Precious Metals (Au & Ag), Fertilizers (K & P), Industrial Minerals (Limestone), and Hydrocarbons (Oil & Gas). Its current mission priority is in boosting its San Roque property along with its Nickel/Cobalt (Las Aguilas) & Lithium (Carachi Pampa) assets.
International Iconic Gold Exploration Corp. (“Iconic” or the “Company”) owns the rights to the San Roque gold project. This Project is being explored by Iconic for intermediate sulphidation gold mineralization and is an early stage exploration property in the Province of Rio Negro, Argentina. A gold, silver, and base metals resource assessment released in July 2019 contained in the Technical Report shows an Inferred Mineral Resource of 32.9 Million tonnes for a combined grading 1.42 g/t gold equivalent (“AuEq”) for 1,499,900 AuEq ounces at a 0.6 g/t AuEq cut-off grade. Included within this gold equivalent are 486,600 ounces of Au, 12,770,700 ounces Ag, 279,788,900 pounds Pb, 566,930,300 pounds Zn, and 12,586,000 ounces In with average grades of 0.46 g/t Au, 12.08 g/t Ag, 0.39% Pb, 0.78% Zn, and 11.90 g/t In (indium) respectively.
Situated 85 kilometers west of the deep seaport San Antonio Este, in Rio Negro Argentina, the San Roque prospect is accessible by high volume highway, which borders the property. Close to water and a nearby labour force, the property also boasts hydroelectric power.
The location covers a coastal desert of relatively flat topography with an elevation of 100 to 300 meters. This open, low and flat terrain which could support support a large-surface mining project infrastructure.
Windmills on the property produce enough water for the coastal desert sheep located in the fossil valleys, with a private land access agreement in place.
The semi-arid climate is ideal for year-round mineral exploration and operations.
Excellent and readily accessible local infrastructure exists at San Roque. The Project includes the following features:
- High tension power lines
- Natural gas pipeline
- Standard gauge railway
- Modern high-volume highwayThe road and rail networks lead to deep water ports on the close by, Atlantic coast. Within 100 km of the site are local airports, lodging and health care facilities as well as the main population and commercial centers of the Rio Negro Province.The natural gas pipeline and an electrical powerline cross the property at its Aguada Cecilio entrance.
Identified by MIM Exploraciones SA (“MIM”) in 1998, San Roque was first explored on the basis of quartz vein and stockwork showings. By 2002, MIM had mapped, conducted soil and rock geochemistry studies.
Magnetic (42 km) and IP (70 km) surveys were completed and MIM and drilled 19 holes. Iconic started working on the property in 2006, reinterpreted magnetic data, conducted two trenching programs, and 55 diamond drill core holes.
Marifil S.A. resumed exploration work on the Property in 2006 completing geochemical sampling, trenching, geophysics, geological mapping, and two drilling campaigns during 2007. NovaGold Resources Inc. subsequently completed 34 drill holes in 2011 and additional drilling was taken on by Iconic.