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Iconic Completes First Drill Hole of 2022 at the Bonnie Claire Lithium Project
Vancouver, British Columbia--(Newsfile Corp. - July 21, 2022) - Iconic Minerals Ltd. (TSXV:...
About this update from Iconic Minerals Ltd
[{"type":"text","content":"Iconic Completes First Drill Hole of 2022 at the Bonnie Claire Lithium ProjectVancouver, British Columbia--(Newsfile Corp. - July 21, 2022) - Iconic Minerals Ltd. (TSXV: ICM) (OTCQB: BVTEF) (FSE: YQGB) (the \"Company\" or \"Iconic\") is pleased to provide an update on its 2022 mineral exploration and development plans for the Bonnie Claire Lithium Project (the 'Project' or 'Property'), located in Nye County, Nevada. The work plan is the culmination of discussions between the Company and its 50% partner in Bonnie Claire, Nevada Lithium Resources Inc. (CSE: NVLH) (FSE: 87K) (OTCQB: NVLHF) (\"Nevada Lithium\"). The estimated $5M USD work program has been fully funded as part of the Option Agreement, whereby Nevada Lithium obtained its 50% interest. Iconic Minerals Ltd CEO, Richard Kern, comments: \"Completion of our first core hole is a major milestone in the quest to move Bonnie Claire forward to a feasibility study and beyond. Core allows us to determine detailed geology as well as gather the geo-technical parameters to be used in designing borehole testing. I believe this program will further prove the enormous potential of the project.\"Drill Hole BC2201CThe Company is pleased to disclose that it has completed the first drill hole of the 2022 exploration program, hole BC2201C, with a final depth of 2001 feet (610 meters). Vibrating wire piezometers have been set in the hole during abandonment to gain a better understanding of the groundwater flow in the basin. The core rig is currently mobilizing to the next core hole location, which is roughly 0.5 miles (0.8 kilometers) from the site of BC2201C. The first batch of 216 geochem samples, extracted from core hole BC2201C, has been sent to ALS in Reno, Nevada for analysis. The sample material consists of PQ and HQ quarter core with 10% of all samples containing a standard, duplicate, or blank. All core has been stored and cut at a secure core storage facility near Beatty, Nevada.Core Sampling ProgramBarr Engineering Company (Barr) has completed its core sampling program at the BC2201C drill site and has begun assessment of the material. Over 200 segments of core were taken for analysis to better understand the geo-technical characteristics of the resource at Bonnie Claire. While some measurements were taken in the field, where Barr personnel were on site for both day and night shif...