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Iconic Gold has received a promising metallurgical report from SGS Canada regarding its San Roque deposit. The report highlights favorable gold extraction from accessible oxide zones and the potential to produce smelter-grade sulfide concentrates. The testwork involved 191 kg of drill core samples and indicated that the oxidized material showed impressive gold recovery rates of up to 86.3%. Management views these results as a green light for further exploration. The report emphasizes the potential for heap leaching and suggests subsequent advanced metallurgical testing to optimize recovery methods.
Iconic Gold focuses on acquiring claims in the Castaño Viejo Mining District of Argentina. The company has secured 3,946 hectares and is applying for an additional 1,380 hectares. The region, historically known for lead-silver and zinc production, is gaining significant interest, with junior mining companies competing for claims. Iconic Gold plans further exploration to identify gold drilling targets, leveraging a substantial technical database and geochemical anomalies from previous explorations. The team has confidence in discovering commercially exploitable deposits.
International Iconic Gold Exploration Corporation (OTC:MFMLF) has highlighted the potential of its San Roque property in Rio Negro, Argentina, with a NI 43-101 Technical Report indicating an Inferred Resource of 1,499,900 ounces of gold equivalent (AuEq). The property now has full ownership through Minas San Roque SA. The report emphasizes both oxide and sulfide mineralization, and a metallurgical test program is underway to evaluate recovery processes. Furthermore, untested areas show promising exploration opportunities, with the potential for significant resource expansion.
International Iconic Gold Exploration Corp. (OTC: MFMLF) has successfully increased its ownership in Minas San Roque SA to 100%, securing legal title to its flagship San Roque property in Argentina. This early-stage exploration site has seen an investment of approximately US$8.5 million, resulting in the identification of significant mineralization. The San Roque property spans 94.5 sq. km and includes extensive mining concessions, with promising geological features supporting further exploration and potential mining activities.
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