NI 43-101 RE highlights:
- 5.370 mio t LCE (Inferred) at 400 ppm cut-off grade
- average grade of the current resource is 963 ppm Li
- resource is open in all directions
- an additional 10 drill holes are needed to move the resource to Indicated or higher category
"Additional drilling to expand and further define the resource is currently in the planning stage."
I need to update my overview now that the shallow drill hole BC1701 is part of the RE on the Bonnie Claire sediments. (BC1701 is located in the vicinity of P3/P4.)
"Bulk sample metallurgy is currently being conducted by St-Georges Eco-Mining Corp of Montreal and results are expected shortly."
latest monthly progress report (September) bit.ly/2P7nW6X
"St-Georges is expecting to have the prescreened material sent to independent labs to run its proprietary flow sheet for independent validation during themonth of October for results before the end of the year."
Here is my updated overview of the Bonnie Claire project.
"GRE modeled the composite grades into the 2000-meter diameter maximum area surrounding each drill hole..."
I can't wait for the full report to be filed on SEDAR within 45 days.
Iconic Announces Revision to November 1st Press Release ceo.ca/@newsfile/icon… > "The 5.370 billion kg resource is equivalent to 28.584 billion kilograms (28.584 million tonnes) of LCE."
Full NI 43-101 Mineral Resource Technical Report filed. docs.wixstatic.com/ugd/6718b0_767… #Lithium #Nevada #BonnieClaire
Interessting detail hidden on page 46 / Drill Hole Log for BC1601 (first 600 ft). K content = 3.12% near surface, 4.48% at 600ft & peak of 5.15 % at 80/100 ft.
Next work phase = "studying the potential monetization of byproducts such as potassium sulphate"
These are 6 drill locations defined by MT survey, surface sampling & geophysics. "Final exploration plans are being formulated for five 90 meters (300 feet) deep drill holes to test shallow lithium-rich sediments under linear surface lithium highs at Bonnie Claire."
Now also filed on SEDAR sedar.com/GetFile.do?lan…
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