ICN Resources Ltd TSXV:ICN announced results from its Goldfield Bonanza Project in Nevada. Highlights include
4.1 g/t gold over 25.3 metres
(including 17.1 g/t over 3 metres)
2.73 g/t over 31.4 metres
(including 37.7 g/t over 1.8 metres)
4.47 g/t over 18.4 metres
(including 15.6 g/t over 3.7 metres)
0.8 g/t over 29.4 metres
(including 1.24 g/t over 10.1 metres)
0.93 g/t over 24.7 metres
1 g/t over 18.6 metres
ICN has an option to earn an 80% interest in the property by paying Lode-Star Gold Inc a total of US$3 million, three million common shares and three million warrants and completing $5 million in exploration over four years. If ICN completes the requirements, a joint venture will be formed.
VP of Business Development Tasso Baras tells ResourceClips.com, “We like what we see; the numbers are very good numbers. We stepped out from the original discovery area to the north and the south. More importantly, [President/CEO] Carl Hering is starting to get a better understanding of the structure of the property. With all the drilling we’ve done, he’s starting to connect the dots. You can see a corridor here, a north-northwest structure. It’s open to the north and the south. It will take more drilling, obviously. He’s excited about this because now we can do some modeling and then go back in and really focus on a specific area.
With all the drilling we’ve done, [we’re] starting to connect the dots—Tasso Baras
We’re going to put together a 3D model to gain further understanding of the controls on both the high-grade and lower-grade mineralization. We’ll analyze the data and then go back and drill.
Another focus of interest is our silver claims in Colorado, which we optioned last December. We’re thinking about putting more claims together in that area. This is a starting point and it’s a good district.
As for Goldfields, we’ve had some great numbers but now we can speak with even more confidence. We’re starting to see a pattern, and we’re understanding the project more clearly. We’re starting to see the project develop here.
VP of Business Development
by Greg Klein