ICN Resources Ltd.: Dunes Property Staked
July 22 2010 - 12:40PM
Marketwired
ICN Resources Ltd. (TSX VENTURE: ICN) ("ICN" or the "Company"), is
pleased to announce that it has staked 136 unpatented mining claims
in Nevada, in an area the Company refers to as the Dunes Project
("Dunes"). These new unpatented lode mining claims are located
immediately to the west of the Sandman Project, a Joint Venture
between Newmont and Fronteer Gold. Dunes was staked to include the
area to the west of the North Hills and Silica Ridge deposits at
Sandman, currently being drilled by Newmont, as part of their
earn-in agreement with Fronteer Gold. Numerous high grade drill
intercepts from Newmont's work have recently been released by
Fronteer Gold (see Fronteer Gold news release dated June 21, 2010:
http://fronteergold.com/?q=content/drilling-hits-2.35-ounces/ton-gold-and-33.18-ounces/ton-silver-over-9.6-feet-sandman%2C-nevada).
The Dunes lies along the Kings River Rift structure, a regional
feature that hosts high-grade vein-related gold systems at the
Sleeper gold mine and the Goldbanks deposit. The area is covered by
sand and gravel and the target of upcoming exploration will be the
discovery of gold mineralization similar to that at Sandman, along
projected northeast and north trending structures.
Dunes lies approximately 30 kilometers west-northwest of
Winnemucca and about 25 kilometers due south of the high grade
Sleeper Mine which produced 1.66 million ounces of gold. With the
addition of this property, ICN is continuing its focus on high
level volcanic hosted epithermal systems which have the potential
for both bulk tonnage and high grade vein gold mineralization.
To the best of the Company's knowledge, limited exploration work
in the area was conducted by Kennecott along with Santa Fe Minerals
in the late 1980's. ICN is actively seeking details of historic
information, but plans to complete its own geological and
geophysical evaluation in the area.
ICN is primarily focused on volcanic hosted exploration
opportunities in Nevada, but is initiating evaluation of potential
projects in established mineral belts elsewhere in the United
States. The Company is continuing with its transition in
management, and is seeking to add an Advisory Board.
On Behalf of the Board of Directors of ICN Resources Ltd.
Carl Hering, President & CEO
ICN Resources Ltd.
Contacts: ICN Resources Ltd. Tasso Baras 1-877 738-3882
www.icnresources.com
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