Bonnie Claire Lithium property hosts Inferred resource of 11.8 Billion pounds of lithium carbonate equivalent

Potential to be the largest lithium resource globally

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Iconic Minerals Ltd. Profile

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(TSXV: ICM) (OTC Pink: BVTEF) (FSE: YQGB)

Why Iconic Minerals?

  • Bonnie Claire Sarcobatus Valley Lithium property hosts 11.8 Billion pounds of lithium carbonate equivalent (28.5 Million tonnes of LCE) Inferred Resource (43-101).
  • Potential to be the largest lithium resource globally (based on size)
  • Initial leaching tests applying dilute acid to the drill cuttings resulted in recoveries as high as 98%.
  • Two other highly prospective Lithium exploration properties also located in Nevada.

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Lithium Projects

Iconic Minerals has three highly prospective Lithium exploration properties located in Nevada, the Bonnie Claire Sarcobatus Valley Lithium property, the Smith Valley Creek Property, and the Third Nevada Lithium Property.

Bonnie Claire Property

Property Overview
  • 11.8 Billion pounds of lithium carbonate equivalent (28.5 Million tonnes of LCE) Inferred Resource (43-101).
  • Potential to be the largest lithium resource globally (based on size)
  • Bonnie Claire is a 100% owned lithium brine property comprising of 23,100 acres of contiguous placer claims, currently in control of 28.75 square miles (75 km2) located in Nye County, Nevada.
  • Property area is contained within a valley that is 60kms from the only producing lithium mine in North America (Albermarle Silver Peak Mine).
  • Over +20 miles (+30 km) long and 12 miles (20 km) wide into which streams from an +800 mi2 (2,070 km2) drainage basin empty.
  • Sampling of salt flats within the basin, have found lithium values in salt samples yielding up to 340 ppm.
  • Current claim block covers the gravity low and associated mud flats that could be used for evaporation ponds if significant lithium brines are discovered in drilling.
  • Preliminary NI 43-101 Technical Report completed Read More
  • A total 5,550 feet has been drilled at the Bonnie Claire with an average 963+ppm from four drill holes
  • 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.
  • Great infrastructure
  • Local end-users

Click here to view the NI 43-101 mineral resource estimate technical report


Property Details Snapshot

Drainage Basin  (20 x 30 kms) 830 square miles
Gravity Lows (length) 20 x 30 kms
Valley Sediment (Range) 460 – 610m (1,500 to 2,000ft)
BLM Drilling Permits  
Drilling Program Drilling completion of first of three test wells
   
   
   

 

Smith Creek Valley Property

  • 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.

Lithium Brine Benefits

  • Lower Cost Exploration
  • Easy access because flat and arid
  • Decreased environmental impact
  • Shorter Timeline to Production
  • Requires Less Capital
  • Lower Cost Production than bedrock
  • Found beneath salt flats in brine bearing aquifers
  • Easily pumped to Surface from vertical production well
  • After evaporation lithium recovered in small on site mill
  • Potassium may also be recovered
  • Nevada is a Geopolitically Stable Jurisdiction

Gold Projects

The company's Gold exploration portfolio includes  the New Pass property in the New Pass mining district and the Squaw Creek property located in the northern area of the Carlin Trend.

Gold Properties

New Pass

  • Gold and silver property which, is comprised of 107 unpatented lode mining claims (2,231 acres).
  • The property is located in eastern Churchill County, Nevada; in the New Pass Mining District, 27 miles west of Austin, Nevada and 105 miles east of Reno.
  • Iconic Minerals has a controlling interest in the property, in a joint venture with White Knight Gold U.S. Inc., (now U.S. Gold), with Iconic earning a 50% interest.
Squaw Creek
  • Property is located 42 miles due north of Battle Mountain, Nevada and lies between the Midas and Ivanhoe mining districts on the northern portion of the Carlin Trend, six miles north of the Dee Mine in the Lower Plate Bootstrap Window.

     Iconic’s Research and Development partner

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  • 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.
Last changed at 11-Sep-2019 10:41AM by AGORACOM