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Market: ASX
Sector: General Mining
Epic: .III
News: Latest news
Web Site: Icon Resources Limited
Other Articles: 15-12-200902-12-200917-11-2009

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Tuesday February 09, 07:53Mediterranean Oil & Gas doubles proven and probable reserves for Ombrina Mare to 40 mmbbls

The good news gave a welcome boost to the group's share price, sending the stock up nearly 15 percent in early trade.

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Monday February 08, 09:33Tethys Petroleum achieves flow rates of over 5,400 bopd at AKD01 discovery in Kazakhstan

Current mapping indicates that the AKD01 well is in a downdip location on the prospect Doris with approximately 56 metres of elevation updip of the well, potentially bringing the entire lower reservoir into the oil zone.

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Tuesday February 09, 01:53Chindex International reports increasing medical and healthcare revenues

Healthcare products and services group Chindex International (NASDAQ: CHDX) reported increasing revenues as it continued to expand its operations in the People’s Republic of China (PRC).

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Icon Resources Limited

Icon Resources Limited

Icon Resources Ltd is an ASX listed diversified metals explorer focussed on Eastern Australia. It has advanced projects, scheduled for drilling, in gold and tin in NSW, followed by its copper-zinc VMS resource in central Qld. It holds strategic areas in northwest Qld prospective for zinc, copper-gold and nickel with gold and copper prospects in NSW and Qld.

It is currently concentrating on its flagship project, the old Mt Carbine tungsten mine in north Queensland. Once Australia’s largest tungsten producer, Icon is progressing to re-start the mine as a long life, hard-rock open cut operation.

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Friday, July 03, 2009

Icon Resources' tungsten target at Mt Carbine increases to 55 million tonnes

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Investors in tungsten developer Icon Resources (ASX: III) have received a major boost with resource target at Mt Carbine prospect increasing to 55 million tonnes at 0.07- 0.09% WO3.

Previously announced Inferred Resource at Mt Carbine Prospect was 9.6Mt at an estimated grade of 0.2% WO3.

The reason for the increase? Independent consultant Geostat has revised the geological model for the tungsten mineralisation below the open cut, using an existing core library of 8,222m from 39 drillholes.

This target tonnage excludes the exploration potential in the hill abutting the north wall of the pit which contains numerous historical workings and identified mineralised zones. The company will focus on this area to double the target tonnage.

By all measures, Mt Carbine is developing into a world class resource and the scoping study underway will now incorporate the potential for block caving these new mineralised zones below the pit as well as extending the open cut.

Interestingly, Icon is in discussions with a number of parties with tungsten projects in North Queensland as well as potential international partners, providing upside in news pipeline for investors.

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