Iconic Receives Metallurgical Phase 2 Testing Update from St-Georges Eco-Mining Corp. for Bonnie Claire Lithium Project, Nevada
ICONIC MINERALS LTD.
Suite 303, 595 Howe Street
Vancouver, B.C. V6C 2T5
Phone: (604) 336-8614 Fax: (604) 718-2808
www.iconicminerals.com
Iconic Receives Metallurgical Phase 2 Testing Update from St-Georges Eco-Mining Corp.
for Bonnie Claire Lithium Project, Nevada
Vancouver, B.C. ( January 16, 2019) – Iconic Minerals Ltd. (TSX-V: ICM) (OTC:
BVTEF) (FSE: YQGB) is pleased to announce that it has received an update from St -
Georges Eco -Mining Corp. (“St -Georges”) (CSE: SX) regarding Phase 2 metallurgical
testing of the lithium- rich sediments (the “Sediments”) from Iconic’s Bonnie Claire
lithium deposit in Nevada.
St-Georges’ metallurgists report that they have successfully improved the concentration
of l ithium in the Sediments, originally reported in December (refer to news release
December 20, 2018) using mechanical separation and selective leaching of other
elements within the Sediments. The additional tests St-Georges completed in Stage 2 ,
through selective leaching methods, have improved the elimination of barren material
from 55% to 85%-88%, while retaining 100% of the lithium . Upon completion
approximately 12% to 15% of the original material remains for further processing and
purification. This process may significantly reduce the cost of production.
St-Georges is proceeding with the next stage of tests within Phase 2, where it hopes to
improve the leaching selectivity. Iconic looks forward to receiving further metallurgical
results from St Georges.
The Bonnie Claire Lithium Property Characteristics:
The Property is located within Sarcobatus Valley that is approximately 30 km (19 miles)
long and 20 km (12 miles) wide. Quartz -rich volcanic tuffs, that contain anomalous
amounts of lithium, occur within and adjacent to the valley. Geochemical analysis of the
local salt flats has yielded lithium values up to 340 ppm. The gravity low within the
valley is 20 km (12 miles) long, and the current estimates of depth to basement rocks
range from 600 to 1,200 meters (2,000 to 4,000 feet). The current claim block covers an
area of 35 km2 (13.5 mi2) with potential to be underlain by lithium-rich sediments.
On behalf of the Board of Directors
SIGNED: “Richard Kern”
Richard Kern, President and CEO
Contact: Keturah Nathe, VP Corporate Development (604) 336-8614
For further information on ICM, please visit our website at www.iconicminerals.com
The Company’s public documents may be accessed at www.sedar.com
Neither the 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.