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| | Thu Jul 22, 2010
Dunes Property Staked
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| | ICN Resources Ltd. ("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).
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"
Carl Hering, President & CEO
ICN Resources Ltd.
www.icnresources.com
For further information about the Company, please contact Tasso Baras at 1-877 738-3882 |
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