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Iconic Minerals Completes Shallow Drilling of Lithium Brine Target at Bonnie Claire Property
Vancouver, British Columbia--(Newsfile Corp. - May 23, 2017) - Iconic Minerals Ltd. (TSXV: ICM) (OTC Pink: BVTEF) (FSE: YQGB) (the "Company" or "Iconic") is ple
About this update from Iconic Minerals Ltd
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - May 23, 2017) - Iconic Minerals Ltd. (TSXV: ICM) (OTC Pink: BVTEF) (FSE: YQGB) (the \"Company\" or \"Iconic\") is pleased to announce that it has completed shallow drilling of a lithium brine target at Bonnie Claire. Both brine and sediment samples were collected continuously to a total depth of 300 feet (91.4 m). The sediments drilled consisted primarily of fine-grained sand and silt with occasional clay layers. At 160 feet (49 m), located below a thick clay zone, high density brine was intersected and continued through to the bottom of the drill hole. The drill hole location can be seen on the drill hole location map on the Company's website. Harris Exploration Drilling of San Diego, California was contracted to drill a 300 foot (91.4 m) deep Reverse Circulation (RC) vertical hole (\"BC1701\"). Located approximately 1.55 miles (2.5 km) south of hole BC1602 in the vicinity of a major fault, BC1701 tested for lithium brine at shallow depths. Equipped with baloon tires, the drill rig used has a minimal footprint and is ideally suited to the soft sediments of the dry lake bed at Bonnie Claire. The drilling encountered olive green fine-grained sand and silt with occasional clay layers to 140 feet (43 m). At 140 feet the hole penetrated heavy clay for 20 feet (6.1 m). Below this dense brine was intersected in sands with high water flow. Brine of different densities continued to the bottom of the hole with minor clay beds in between. Areas of very high brine content created foam on exiting the drill hole. Continuous water/brine sampling was done on 20 foot (6 m) intervals along with sediment sampling. All samples have been transported securely to geochemical labs. Sediment samples are being analyzed by ALS Chemex of Reno, Nevada and brine samples by Western Environmental Testing Laboratory (WETLAB) of Sparks, Nevada. Results are expected within a couple weeks. The Bonnie Claire Lithium Property Characteristics: The Property is located within Sarcobatus Valley that is approximately 30 km (19 miles) long and 20 km (12 miles) wide, the associated drainage basin covers an area of 2,070 square km (800 sq mi). Quartz-rich volcanic rocks, that contain anomalous amounts of lithium, occur within and adjacent to the drainage basin. Geochemical analysis of the local salt flats has yielde...