Iconic Minerals Ltd. (TSXV: ICM) (OTCQB: ICMFF) (FSE: YQG) has announced the completion of updated National Instrument 43-101 technical reports on its wholly owned Grass Valley and Smith Creek Lithium Properties, revealing promising potential for hosting lithium brine in Nevada.
Lithium Brine Projects Show Promise
As per recent MT surveys and drilling activities, both the Grass Valley and Smith Creek project areas have demonstrated significant signs of high lithium values and potential lithium brine horizons. Notably, surveys at Smith Creek have uncovered a conductive zone spanning 11 kilometers, with potential brine horizons deepening to the west.
Technical Reports Indicate High Potential
The technical reports, written by R. A. Lunceford, a Qualified Professional, highlight a substantial low resistivity zone potentially indicating lithium-rich brines. The Smith Creek Property also shows favorable geology for lithium with extensive siliceous volcanic units and hot springs which could optimize lithium extraction.
Next Steps for Exploration
The company plans to conduct further geophysical surveys to refine drilling targets, followed by deep drilling to test identified brine targets in depth. Richard Kern, CEO of Iconic, has approved the technical information revealed in this announcement.
Iconic’s Forward Motion
Iconic Minerals is set on bolstering its project portfolio through deep drilling and continued exploration, reflecting a staunch commitment to solidifying its standing in the lithium market.
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