Iconic Gold Launches New Gold Exploration Program in the Castaño District
01 Décembre 2021 - 1:00PM
International Iconic Gold Exploration Corporation (“
Iconic
Gold” or the
“
Company”) (TSXV:
ICON)
(OTC:
MFMLF) announces its current greenfield gold
exploration focus is on the Castaño Viejo mining district located
in the eastern front of the Andes Cordillera at moderate altitudes
of 2,000 to 3,000 meters in San Juan Province, a top mining
friendly jurisdiction in Argentina. It is accessible by roads 4
hours’ drive from the provincial capital city of San Juan.
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, Robert
Abenante.
“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 Mr.
Abenante.
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 Australia. Another is Canadian junior
Turmalina Metals Corporation (“Turmalina”), which
company recently announced a high grade copper-gold discovery
within the Castaño mineral belt just 10 kilometers north of Iconic
Gold’s mining claims.1 Shown on Turmalina’s website, their
discovery is based on 47 drill holes that penetrate a circular
tourmaline (a crystalline boron silicate mineral) breccia pipe
about 100 meters in diameter hosting heavy sulfide mineralization
that is likely rooted in a kilometer deep igneous intrusion of
porphyry copper nature.
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 Richard R. Walters, Executive Vice
President of International Iconic Gold Exploration Corp. Mr.
Walters is a Qualified Person as defined in National Instrument
43-101 – Standards of Disclosure for Mineral Projects (“NI
43-101”), and is the person under whose direction the San
Roque, Argentina project is being carried out. Mr. Walters is a
certified Professional Geologist by the American Institute of
Professional Geologists (AIPG) and holds a Legion of Honor
Membership in the Society for Mining, Metallurgy and Exploration
(SME). Historical information contained in this news release cannot
be relied upon as Mr. Walters, the Company’s Qualified Person as
defined under NI 43-101, has not prepared nor verified the
historical information.
ON BEHALF OF INTERNATIONAL ICONIC GOLD EXPLORATION
CORP. "Rob Abenante"Robert Abenante, President & CEO
Contact Information:
Email:info@iconicgold.com Website:
www.iconicgold.com
For further information regarding International
Iconic Gold Exploration Corp., please refer to the Company’s
filings available on SEDAR (http://www.sedar.com) or at ICON’s
Website (http://www.iconicgold.com)
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 TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
1 See Turmalina’s news releases filed under the company’s
profile on SEDAR.
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