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Additional information
Additional Information
Market: ASX
Sector: General Mining
Epic: .III
News: Latest news
Web Site: Icon Resources Limited
Other Articles: 02-03-201029-01-201015-12-2009

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Tuesday March 16, 09:00Mercator Gold raises £422,500 through placing

The company has placed shares with institutional and ultra high net worth investors, and the proceeds will allow it to develop existing projects and pursue new projects of merit

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Monday March 15, 11:38Calvin Klein owner buys Tommy Hilfiger for US$3 billion from Apax Partners

The New York listed shirt and neckwear company is paying €1.924 billion in cash and issuing €276 million in PVH common stock (approximately 8.7 million shares) to fund the transaction.

 

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Monday March 15, 08:01China's growth boosting commodity prices

The latest economic figures from China have put pressure on the dollar and boosted a number of high-yielding currencies, including the Australian dollar and the South African rand.

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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, January 29, 2010

Icon Resources to use capital raised to resource drill Mt Carbine Tugnsten project

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Tungsten-explorer Icon Resources (ASX:III) will use $1.5m to be raised in February for resource definition drilling and pre-feasibility testwork programs at Icon’s Mt Carbine Tungsten project in far north Queensland.

The objective is to complete pre-feasibility for the project in 2010.  Following a positive Scoping Study for an expanded open pit tungsten operation at Mt Carbine, a work program has been implemented to validate the resource and refine process options.

Drilling of the Iron Duke zone commenced at Mt Carbine with significant mineralisation intersected adjacent to the existing open pit.

Drilling commenced in mid-December, with two diamond drillholes completed to date out of a planned ~4500m program targeting mineralised zones adjacent to the existing open pit.

The drilling will initially test the Iron Duke Zone which comprises historical scheelite workings over a 350 to 400m strike length to the NE of the pit. Analysis of the only previous drillhole (CB18) in this vicinity has highlighted significant tungsten mineralisation including 27m @ 0.14% WO3 from 105m hosted by cherts and 47m @ 0.23% WO3 from 163m hosted by metabasalt.

The first hole of the current program (CB51 drilled above CB18 on section) has intersected significant (visual) scheelite mineralisation in quartz veining, veinlets and disseminations within a highly fractured chert unit between 27m and 96m (downhole depth).

Metallurgical Testwork commenced with preliminary work on the process flowsheet for Mt Carbine being completed as part of the Scoping Study, with a key component being the role of ore-sorting in beneficiating run-of-mine ore.

During the quarter an initial batch of ore and mineralised waste samples were dispatched to a laboratory in Poland for characterisation studies. Preliminary results have been very encouraging and further testing of bulk samples from ore and waste stockpiles is planned as part of the pre-feasibility program.

Icon also commenced drilling at the Tara tin project in central NSW, and plans to commence testing priority targets within the Peel Project.

In November 2009, Icon placed 11,180,570 shares at 9 cents per share to raise $1,006,251.

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