Marifil Mines Provides Company Update

About this update from International Iconic Gold Exploration Corp

[{"type":"text","content":" VANCOUVER, British Columbia, June 21, 2019 (GLOBE NEWSWIRE) -- Marifil Mines Limited (TSX.V: MFM) (OTC: MFMLF) (“Marifil” or the “Company”) is pleased to provide a brief company update as to its ongoing and latest activities, foremost of which is the initiation of its previously announced National Instrument 43-101 - Standards of Disclosure for Mineral Projects (“NI 43-101”) technical report (the “Technical Report”) with an estimated mineral resource for the Company’s San Roque property located in the mining friendly Province of Rio Negro, Argentina (“San Roque”). NI 43-101 Technical Report Progress As previously announced in its March 20, 2019 news release, the Company continues to work towards the completion of a NI 43-101 technical report for the Company’s 51% owned San Roque property located near the Atlantic coast of the Province of Rio Negro, Argentina.  The Company retained the services of Tetra Tech Inc., a prominent global geologic and engineering consulting firm specializing in mineral property and resource evaluations, to complete the independent report. The Company continues to work towards a projected completion of early August by providing all relevant data and information requested or needed to deliver the Technical Report.  It is the Company’s intent to first release the San Roque mineral resource estimates which will later be included in the completed Technical Report at the time it is published. In addition to the work being performed on the San Roque Technical Report, the Company has also been active in Argentina seeking opportunities for the identification and acquisition of additional gold properties.  Some field verification and due diligence works have been undertaken, and the Company expects certain near term additions to its property portfolio based on the outcomes of those efforts.  Carachi Pampa Lithium Project Update The Company’s property portfolio is in the process of being reorganized to focus on precious metals, specifically gold, while its lithium and other commodity assets are being transferred into wholly-owned subsidiary corporate entities in preparation for public commercial spinouts.  Notably, the Company is in the concluding phase of negotiating a definitive production royalty agreement (the “Royalty Agreement”) for a fracking sand mining operation on its Carachi P...

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