VANCOUVER, British Columbia, April 19, 2016 (GLOBE NEWSWIRE) -- Iconic Minerals Ltd. (TSX‑V:ICM) (FSE:YQG) is pleased to announce the appointment of the following individuals as Technical Advisors and Consultants, who the Company believes will be integral in strategically assisting to develop the drilling and exploration program, sampling, analysis and quality control of the collection of liquids and brines for the prospective lithium brine claims at the Bonnie Claire Property in Nevada.
Dr. David Shaw, B.Sc, Ph.D. Dr. Shaw has over 30 years’ experience in resource and finance industries, with specific emphasis on technical and financial due diligence of resource projects. He has in the past worked with Chevron Canada Resources in their metal and hydrocarbon exploration programs, and with Yorkton Securities Inc. in their Corporate Finance department. In 2009, Dr. Shaw was Chairman of Salares Lithium Inc., where he assisted in the development of their Chilean lithium brines project. That project was subsequently acquired in 2010 by Talison Minerals Pty., an Australian corporation, which then formed Talison Lithium Inc. (“Talison”), which some consider to be the world’s largest pure lithium company. Dr. Shaw served as a director of Talison until it was acquired by Chengdu Tiangi Industry Co., Ltd. in 2013 for over CDN$800 million.
Dr. Ian Hutcheon, B.Sc, Ph.D., M.Sc With over 35 years’ expertise in the oil, gas and mineral resource industries, Dr. Hutcheon obtained an Honors B.Sc degree in Geology, Earth Sciences/Geosciences from the University of British Columbia, in Vancouver, B.C. in 1969, and a Ph.D and MSc. in Geochemistry and Petrology from Carleton University in Ottawa, Ontario in 1977. For 24 years Dr. Hutcheon was a Professor at the University of Calgary, where he taught and researched Petroleum Geology and Environmental Geochemistry. In 2002 he received Emeritus Professor status from the University of Calgary. Dr. Hutcheon also consulted on the lithium brines project in the Chilean salares that was acquired in 2010 by Talison. In 2014, Dr. Hutcheon received the Vernadsky Medal from the International Association of Geochemistry. Dr. Hutcheon currently consults on oil fields projects specifically, with issues relating to scaling, and water and acid gas production in conventional, CO2-assisted, and steam assisted recovery.
Mr. Matt Vitale, B.Sc, M.Sc (Independent Hydrologist) Mr. Vitale is an independent hydrogeologist and a Professional Geologist (in California), with 14 years’ experience in surface water, groundwater and water quality on public and private water projects within North America and Australia. He has worked with various mining companies, including De Beers Canada and Newmont Mining Corporation. Mr. Vitale was also Project Manager for several Nevada State Department projects, including with the U.S. Bureau of Reclamation, the State of Nevada Department of Conservation, and the Nevada Division of State Lands.
The following is a brief summary on the Bonnie Claire Property:
The Bonnie Claire Property is a lithium brine target located within a valley that is over +20 miles (+30 km) long and 12 miles (20 km) wide, into which streams from an +800 mi 2 (2,070 km 2 ) drainage basin empty. The source rocks are quartz-rich volcanics that contain anomalous amounts of lithium. Sampling of salt flats within the basin indicates lithium values in salt samples ranging from 50 to 340 ppm. The deeper part of a gravity-low within the valley is 12 miles (20 km) long, and initial estimates of the depth to bedrock ranges from 1,500 to 2,000 feet (460-610 m) within this low. The current claim block covers the gravity-low and associated mud flats that could be used for evaporation ponds if significant lithium brines are discovered in drilling.
Richard Kern, Certified Professional Geologist (#11494) and CEO of Iconic is the Qualified Person who has prepared and reviewed this press release in accordance with NI 43-101 reporting standards.
On behalf of the Board of Directors
SIGNED: “ Richard Kern ”
Richard Kern, President and CEO Contact: (604) 336-8614
For further information on ICM, please visit our website at www.iconicmineralsltd.com The Company’s public documents may be accessed at www.sedar.com Forward Statement: This news release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this release are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Iconic expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.
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.
