OUR NEW PROFILE IS: 🇺🇸MFMLF
🇨🇦(TSXV: ICON) 🇫🇷(FRA: MMRB)
MFMLF Has Closed Green the past 6 sessions and is on the MOVE!
RECENT NEWS HAS CAUSED THIS ONE TO WAKE UP!
We have been bringing you several strong mining profiles as of late.
Our next one has been on the move as of last and has been climbing it’s way up out of the basement.
Turn your attention to MFMLF.
International Iconic Gold Exploration Corp. owns the rights to the San Roque Gold Project. This project is being explored by Iconic for intermediate sulphidation gold mineralization and is in the advanced stages of exploration in the province of Rio Negro, Argentina. A gold, silver, and base metals resource assessment released in July 2019 shows an Inferred Mineral Resource of 32.9 Million tonnes 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.
A highly attractive gold exploration property located in the friendly mining region of the Rio Negro, which is a province in northeastern Patagonia, Argentina.
Situated 85 kilometers west of the deep seaport San Antonio Oeste, 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.
Excellent local infrastructure exists at the San Roque property. The project includes the following features:
- High tension power lines
- Natural gas pipeline
- Standard gauge railway
- Modern high-volume highway
San Roque lies within the Somuncura Massif, a crustal-scale geomorphologic unit consisting of Precambrian to Cambrian metamorphic, Paleozoic plutonic intrusive, and Mesozoic to Cenozoic volcanic and sub-volcanic rocks. The metamorphic rocks comprise gneiss and mica schist and are intruded by Carboniferous and Permian granitoid bodies. Triassic-Jurassic volcano-sedimentary rocks form an extensive plateau over the massif.
San Roque is located in the northeast part of the Somuncura Massif which consists of Upper Triassic and Jurassic rocks, mostly dacite and rhyolite ash-flows and synchronous co-magmatic domes, lava flows and dikes known as the Marifil Complex.
There are currently more than 25 epithermal gold and silver exploration and development projects ongoing within the Somuncura Massif. Two of the most significance are La Navidad with a Measured & Indicated resource of 532 million ounces of silver, and Calcatreu with a Measured & Indicated resource of 676 thousand ounces of gold.
VANCOUVER, British Columbia, Nov. 16, 2021 (GLOBE NEWSWIRE) — International Iconic Gold Exploration Corporation (TSXV: ICON) (OTC: MFMLF) (FRA: MMRB) (“Iconic Gold” or the “Company”) announces that, in coherence with is new business development plans, it has embarked on a preliminary bench-scale metallurgical study program (the “Program”) of its wholly owned San Roque Gold endowed low-sulphidation epithermal polymetallic mineral deposit (“San Roque”). The property is located in Northeast Patagonia near the Atlantic coast in the Province of Rio Negro, Argentina, and is held by Minas San Roque S.A., a wholly owned subsidiary of the Company.
The main objective of the Program is to determine the practicability of recovering the metallic minerals and metal elements, mainly gold, from the San Roque deposit. Another objective is to gain data which the Company intends to use to convert as much of the project’s National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) Inferred Mineral Resources (see the Company’s SEDAR filing of September 12, 2019 – Technical Report (the “Technical Report”)) possible, to a higher resource category (Indicated or Measured, as such terms are defined the Canadian Institute of Mining, Metallurgy and Petroleum), thereafter to be potentially applied in the preparation of a Preliminary Economic Assessment (or “PEA”) for a potential mining project.
“Our NI 43-101 technical results for San Roque showed 1,499,900 ounces of Gold Equivalent,” commented Robert Abenante, President and CEO of Iconic Gold. “We believe by performing metallurgy, we can increase the resource categories and even potentially be in a position to prepare a PEA on the project, which will significantly increase its value,” continued Mr. Abenante.
Iconic Gold has retained two leading industry recognized service companies to conduct the Program. The primary contractor is SGS Canada, Inc. (“SGS”), who has been engaged by the Company to conduct the bench-scale metallurgical tests and report those findings, and secondarily Tetra Tech Canada Inc. (“TetraTech”), whose contract is to provide technical oversight of SGS’ test work as it progresses on behalf of the Company. SGS has an 80-year background of metallurgical testing in Canada and Tetra Tech is a prominent, global geologic and engineering consulting firm.
The Company has provided SGS with 215 kilograms of San Roque drill core samples for the Program. This material consisted of 61 core splits of original assay sample run intervals that represent about 58 meters of quartered HQ size drill cores and was obtained from 19 widely spaced drill holes. These samples were selected by Tetra Tech in such a way so as to fairly represent all four Inferred Mineral Resource zones as defined in the Technical Report as well as the down hole oxidized, transition oxide to sulfide, and sulfide portions of each of those mineral zones, save one where the transition section could not be clearly defined.
SGS has blended all 61 of those samples into 13 composite samples to be used as feed for individual tests aimed at characterizing the extractive metallurgy of the various oxidized and unoxidized portions in each of the four identified resource zones. The key Program deliverables of the SGS preliminary metallurgical study will involve all of the 13 composited San Roque core samples and include:
- Sample Preparation and Characterization (crushing, blending and assaying including metallic screen assaying for gold)
- Determinative Mineralogy by Scanning Electron Microscopy (includes Gold characterization)
- Grindability (for determining rock hardness (work index), and sulfide deportment and liberation)
- Gravity Separation (for recovery of free or particulate Gold)
- Batch Flotation (create flow sheet configurations for Rougher & Cleaner sulfide concentrate extractions)
- Cyanide Precious Metals Leaching (bottle roll method)
- Modified Acid Base Accounting (determining the sulfur (aka acidity) of flotation and/or cyanide leach tailings to determine it neutralization potential)
The Company believes this early-stage bench-scale metallurgical test work will provide an indication of payable metal recovery as well as an indication of tailings characterization in terms of acid rock drainage, both of which will play large rolls in determination of the potential economic viability of the San Roque mineral deposit. At this point, the Program is progressing smoothly in a timely manner with the laboratory work expected to be completed sometime in early December, and the publishing of a final report by the end of the year. In the interim, the Company intends to issue periodic updates of the Program’s status.
The technical information disclosed within this news release has been prepared by Richard R. Walters, Executive Vice President of International Iconic Gold and has approved the disclosures herein. Mr. Walters is a Qualified Person as defined in NI 43-101, and is the person under whose directions the San Roque, Argentina exploration program has been and is being carried out. Mr. Walters is a certified Professional Geologist by the American Institute of Professional Geologists (AIPG) and holds a Legion of Honor Membership in the Society for Mining, Metallurgy and Exploration (SME).
ON BEHALF OF ICONIC GOLD
President & CEO
For further information regarding International Iconic Gold Exploration Corp., please refer to the Company’s filings available on SEDAR (http://www.sedar.com) or at ICON’s Website (http://www.iconicminerals.com)