To date, Iconic Gold has acquired 3,946 hectares of mining claims and has applications pending for another 1,380 hectares. Of the acquired claims, 108 hectares are Minas, or mining concessions, and 3,838 hectares are Cateos, or exclusive mineral exploration rights.
The Castaño Viejo mining district was a noted lead-silver and zinc producer in the 1950s, that historically displayed numerous lead-zinc-silver and also copper-gold vein prospects with small diggings and abandoned mines on many of them. The Company holds an exploration model wherein these veins are thought to be symptomatic of hydrothermal metals zoning peripheral to nearby igneous intrusive hosted gold-copper prospects, as they lie within a geologically mapped north trending structural (deep seated faults) belt of hydrothermally altered intrusives (granodiorite and quartz-monzonite porphyries) and associated hydrothermal breccias commonly showing geochemically anomalous gold and copper. This structurally controlled mineral belt exceeds 100 kilometers in length.
“There has been extensive exploration done in this region in the last 20 years, which led us to acquire our land positions,” stated Iconic Gold President and CEO,
“In particular, a regional cross structural intersection identified several decades ago, exposed hydrothermal alteration in appropriate host rocks that our team has identified to warrant further detailed work and drill-testing,” continued
A reconnaissance field examination by Iconic Gold’s geologists confirmed this prospective zone to be a component of the northeast trending complex of prospective hydrothermally altered intrusives and volcanic breccias.
There is intense revitalized industry interest in the Castaño mineral belt. It is a frenzy of activity now crowded with mining claims. Numerous junior mining companies have competed for and acquired claim positions in the district, notably Sable Resources Ltd. in joint venture partnership with mining investment giant South 32 Ltd. of
Iconic Gold has a substantial technical database generated by former explorers of the Castaño Viejo mining district as well as its own preliminary geological field investigation there. From this, it has identified numerous and various types (sediment, soil, regolith and outcrop) of geochemical gold anomalies as well as tourmaline breccia pipes on the mine rights it holds and/or has applied for. The Company is currently fielding a consulting geological contractor with a mission to verify those gold anomalies and to continue and expand its investigative geochemical sampling of its mining claims.
Iconic Gold’s management is optimistic specific gold exploration drilling targets on its mining claims can be identified for tourmaline breccia pipes and/or large intrusive (porphyry) and volcanic breccia hosted deposits containing various manifestations of gold mineralization.
QUALIFIED PERSON
The technical information disclosed within this document has been prepared by
ON BEHALF OF INTERNATIONAL ICONIC GOLD EXPLORATION CORP.
"Rob Abenante"
Contact Information:
Email:info@iconicgold.com
Website: www.iconicgold.com
For further information regarding
Disclaimer for Adjacent Property Disclosure
This news release also includes references with respect to Turmalina’s discovery in the Castaño mineral belt, which is located near the Company’s Minas and Cateos in the Castaño Viejo mining district. The Company advises that, notwithstanding their proximity of location, discoveries of minerals on adjacent properties such as the Turmalina property and any promising results thereof are not necessarily indicative of the mineralization of, or located on the Company’s Minas and Cateos, or the Company’s ability to commercially exploit such Minas and Cateos or to locate any commercially exploitable deposits therefrom.
Neither
1 See Turmalina’s news releases filed under the company’s profile on SEDAR.
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- Iconicnr 20211201 Launches
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