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dan Temkin, a skilled Person as defined by National Instrument 43101, And general manager for LodeStar Gold, Has reviewed the technical content of this news release.
mister. Temkin has been the principle geologist for LodeStar on the Goldfield Bonanza Project for the past 10 years, And is quite acquainted with the property and the district. His continuity with the Project will be a significant benefit to ICN moving forward. mr. Temkin is convinced "An important element of the association with the ICN group is the mutual idea the style of gold mineralization in the Goldfield district that will maximize our efforts towards discovery,
The Goldfield District was discovered in 1903 and has produced intermittently after that, With the last recorded production through open pit operations conducted during the 1980's. in order to Nevada Bureau of Mines and Geology Bulletin 78 (1972), The Goldfield District has recorded production for longer than 4.1 million ounces of gold from high grade reefs or veins, With some historic stopes grading much more 1 oz/ton Au (>34 g/tonne). Average grade of recorded gold production is in excess of 0.5 oz/ton (>17 g/tonne), And recorded output in the district also includes about 1.5 million ounces of gold.
Carl Hering, ceo CEO
About ICN time and energy
Carl Hering, ceo and CEO of ICN, commented that, "I have been working on this acquisition for some time and believe that it will add a top notch, really very high grade gold project to ICN's portfolio of volcanic hosted exploration properties in Nevada. even, Upon completion of ICN's homework, And performance of a final agreement, ICN will be rrn a position to initiate a significant drill program, Subject to drill rig vacancy, As winter drilling conditions on the Property located in the southern portion of Nevada, shouldn't be severe,
The Goldfield district is a well used, Epithermal, High sulfidation gold computer, held by volcanic rocks of Tertiary age. Portions of the Property are covered by a thin veneer of post mineral volcanic rocks, And thus yield additional untested seek targets. during the past ten years, LodeStar has conducted over 35,000 feet of reverse blood flow and core drilling, From surface and from metro. They have been faced with intercepts of multiple ounces per ton in their underground drilling, And ICN is in the process of completing check assay verification on representative drill samples from this work.
with respect to the Board of Directors of ICN Resources Ltd,
The forwardlooking information contained in this blog post is made as of the date of this website and, Except as required by useful law, ICN does not undertake any obligation to update publicly or to revise any of the included forwardlooking data, Whether attributable to new information, Future events or www.collegeadmissionsguide.org not satisfying you. because of its demands, Such forwardlooking information requires ICN to make assumptions that may not work out as planned or that may not be accurate. This forwardlooking info is subject to known and unknown risks and uncertainties and other factors, which might cause actual results, Levels of activity and achievements to differ materially from those expressed or implied by such information.
amount Walmesley, Director of businesses for LodeStar Gold, asserted, "As Carl Hering and i have already been working on this acquisition, LodeStar Gold has been very diligent in partnering with a quality planning that believes in the merits of the Goldfield Bonanza Project. I believe that Carl and ICN are the right group to take this property to the next level. We at LodeStar Gold enjoy supporting ICN as we progress the Project,
To earn their 80% interest in the house or property, ICN would be required to pay to LodeStar a total of US$3 million in cash, Issue 3 million units and US$5 million of exploration work over a 4 year option period. If ICN completes all preferences of the Option to earn 80%, A standard mining three way partnership would be formed.
ICN is primarily focused on exploration for volcanichosted old watches deposits in western Nevada, Emphasizing targets with geological characteristics to Sleeper, Sandman, Hollister, Midas and Aurora in nevada and El Pe in Chile. ICN plans to explore for the highgrade feeder zones oakley sunglasses london associated with large lowgrade gold and silver systems, basically in western Nevada, But is looking for other opportunities in established metallogenic belts elsewhere in the united states. The ICN management and geologic team have extensive experience in Nevada and will utilize this experience to generate prime moments for ICN shareholders.
The final agreement will be subject to the planned sufficient research and TSX Venture Exchange approval.
vancouver, british COLUMBIA(Marketwire Dec. 16, 2010) ICN information Ltd. ("ICN" also know as the "online business") (TSX embark:ICN) Is pleased to announce that it has created a Letter Agreement (unquestionably the "Interim set up") To earn an 80% fascination with certain claims (some of the "a home") taken by LodeStar Gold Inc. ("LodeStar"), A private Nevada co. the house or property consists of 30 patented, and plenty of unpatented lode claims, and unpatented mill site claim (more or less 450 acres), And forms the Goldfield Bonanza task, based in the historic mining district of Goldfield Nevada. the house and property lies directly east of the town, something like 270 miles southeast of Reno, the state of nevada, And includes among the historic past producing mines and workings.
ICN gear Ltd.
Lonnie Humphries, Owner and ceo of LodeStar Gold, written up that, "LodeStar Gold has reviewed numerous possible venture opportunities through the years, And we feel we have found the right partner in ICN Resources,
The Interim Agreement between ICN and LodeStar is subject to certain required research conditions, adding legal, Land and topographical review. ICN can have 45 days, With and extension when necessary, To complete their required groundwork and to plan an exploration program to commence immediately upon signing a Definitive Agreement for an Option to earn an 80% interest in the Property. Upon signing of the ideal Agreement and approval thereof from the TSX Venture Exchange, ICN makes sense LodeStar US$50,000 and supply LodeStar 500,000 equipment (Each unit which involves one ICN common share and one full share purchase warrant with each warrant entitling the holder to purchase one additional common share of ICN for a period of two years at an exercise price equal to 110% of the average closing market price of ICN's common shares over a five consecutive day period immediately prior to the date of issuance). ICN's year one work commitment will be more than US$1 million. Following execution of the official Agreement, ICN plans to complete a CSAMT geophysical survey over the entire property, While organizing and planning an exploration program. Drilling probably will include both surface exploration and underground drilling to verify some of the past results obtained by LodeStar, which include high grade underground drill intercepts. Assay work carried out by LodeStar was completed by ALS Chemex, An ISO certified assay laboratory work, And included the employment of Chemex's inhouse standards, duplicates and blanks. The reliability of LodeStar's historical data is unknown but is taken into account relevant by ICN. It is ICN's intention to complete a National Instrument 43101 report on house; of course, Final results may produce results that differ considerably from the results stated above. homework work to be conducted by ICN will include verification sampling of surface dump samples located around historic shafts, collectively sample pulps from core drilling completed by LodeStar. answers are not anticipated until January.
Star Gold on the Goldfield Bonanza display


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