Iconic Announces Plan of Operation Received for Hercules Project
07.01.2015 | The Newswire
Vancouver, BC / TNW-ACCESSWIRE / January 7, 2014 / Iconic Minerals Ltd. (the Company or Iconic) ((TSX-V: ICM) (FSE: YQG) announces it has been granted a Plan of Operation (the Plan) at its 100% owned Hercules project located in the Como Mining District, Lyon County, Nevada, approximately 12 kilometers east of the Comstock mine. The Plan, being an environmental permit from the Bureau of Land Management (BLM), will allow a major expansion of drilling activity. Over a year of hard work, the Company's geologists and environmental contractors conducted detailed cultural, wildlife and plant studies. Using these studies and further analysis as directed by the BLM, Nevada Division of Environmental Protection (NDEP) and Bureau of Mining Regulation and Reclamation (BMRR), the Plan was formally approved in mid-December. It will allow drilling of approximately 200 holes, which will allow sufficient drilling to conduct an advanced resource estimation. The complete Plan, which includes a map of the proposed drilling can be found on the Company's website (www.iconicmineralsltd.com).
During the summer of 2014, surface alteration mapping was conducted at Hercules. The identification of broad outcrops of potentially mineralized material led to initiation of a surface sampling program late in the summer. Sample lines or trenches are carefully surveyed, logged and channel sampled on 0.3 to 3.0 meter intervals. To insure quality control, standards and blanks are added before the samples are sent to ALS Chemex in Reno, Nevada for analysis. Results will be published after compilation.
The Hercules project is a high-level epithermal vein and disseminated gold/silver prospect occurring within Tertiary volcanic rocks. Two sub-parallel structural zones can be traced along surface for over 2,600 meters. The project has over 200 often widely spaced shallow drill holes defining a broad, low-grade (0.5-3.0 g/t) gold zone which is cut by several feeder faults containing high-grade (10.0-+40.0 g/t) gold.
As we proceed into our 2015 program we will keep shareholders up to date in a timely fashion.
Richard Kern, Certified Professional Geologist (#11494) and CEO of Iconic, is the Qualified Person who has prepared and reviewed this press release in accordance with NI 43-101 reporting standards.
On behalf of the Board of Directors
SIGNED: "Richard Kern"
Richard Kern, CEO
Contact: (604) 336-8614
For further information on ICM, please visit our website at www.iconicmineralsltd.com
The Company's public documents may be accessed at www.sedar.com
This news release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this release are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Iconic expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
