Gold – San Roque

Gold – San Roque

San Roque –
Argentina

46° 46’ 53” South Latitude and 65° 47’ 25” West Longitude

A sustainable gold project in the friendly mining region of the Rio Negro Province in northeastern Patagonia, Argentina 


Map.jpg

Situated 85 kilometers west of the deep sea port San Antonio Oeste, in Argentina, the San Roque prospect is accessible by paved road and rail. Close to water and a nearby labour force, the property also boasts hydroelectric power.

The location covers a coastal desert of relatively flat topography with an elevation of 100 to 300 meters. This open flat terrain can support a large-surface mining project infrastructure.

Windmills on the property produce enough water for the coastal desert sheep located in the fossil valleys, with a private land access agreement in place.        

The semi-arid climate is ideal for year-round mineral exploration and operations. 

 

The ideal combination of topography, climate and gold.

 

+      Overview

International Iconic Gold Exploration Corp. holds a 51% interest in the San Roque Gold Project. This project is being explored by Iconic for intermediate sulphidation gold mineralization and is in the advanced stages of exploration in the province of Rio Negro, Argentina.
Site visits were completed by Iconic in 2019 to examine several drill holes, conducting sampling procedures and inspecting the core logging facilities.
A mineral resource assessment released in July 2019 shows an Inferred Mineral Resource of 32.9 Million tonnes grading 1.42 g/t gold equivalent (“AuEq”) for 1,499,900 AuEq ounces at a 0.6 g/t AuEq cut-off grade. Included within this gold equivalent are 486,600 ounces of Au, 12,770,700 ounces Ag, 279,788,900 pounds Pb, 566,930,300 pounds Zn, and 12,586,000 ounces In with average grades of 0.46 g/t Au, 12.08 g/t Ag, 0.39% Pb, 0.78% Zn, and 11.90 g/t In respectively.

+      Location

46° 46’ 53” South Latitude and 65° 47’ 25” West Longitude

Situated 85 kilometers west of the deep sea port San Antonio Oeste, in Argentina, the San Roque prospect is accessible by paved road and rail. Close to water and a nearby labour force, the property also boasts hydroelectric power.
This location covers a coastal desert of relatively flat topography with an elevation of 100 to 300 meters. This open flat terrain can support a large-surface mining project infrastructure.
Flora and fauna dot the terrain, such as low evergreen scrub brush and a variety of birds and insects.
Windmills on the property produce enough water for the sheep located in the fossil valleys.
The semi-arid climate is ideal for year-round mineral exploration and operations.
The average temperature is 14C, and the area enjoys around 230mm of precipitation.

+      Infrastructure

Excellent local infrastructure exists at the San Roque property. The project lies in close proximity to high tension power lines, a natural gas pipeline, a standard gauge railway, and to a modern highway network that leads to deep water ports on the Atlantic coast. Within 100 kilometers of the site are local airports, lodging and health care facilities, and ultimately to the main population and commercial centers of Argentina.
The natural gas pipeline and an electrical powerline cross the property at its Aguada Cecilio entrance.

+      Exploration

TRENCHING, DRILLING, CORE ANALYSIS

Company Date Drill Type Number of Drill Holes Meters
MIM May 2001 Core 8 1126.9
MIM May 2001 RC 4 428.00
MIM October 2001 RC 7 1076.0
MFM March 2007 Core 28 2103.5
MFM October 2007 Core 27 3188.5
Novagold March 2011 Core 15 3538.4
Novagold September 2011 Core 19 4278.3
MFM June 2018 Core 4 846.5
MIM 19 2630.9
Marifil 59 6138.5
Nova Gold 34 7816.7
Total 224 33,172.2

+      Geology

San Roque is on the northern edge of the Somoncura Massif, a crustal-scale, broad uplifted zone consisting of a metamorphic basement of Precambrian to Paleozoic rocks overlain by Jurassic, Cretaceous, and Tertiary volcanic to sedimentary rocks, capped by Quaternary basalts. Units of all ages except the capping basalts are known to host mineralization at San Roque.
Four gold zones have been mapped on the property. This formation is a sequence of Jurassic volcanic sediment underlain with metamorphic basement sediments.
The youngest rocks in the area of mapping are post-mineral conglomerates and sandstones of the Cretaceous Roca Formation. These rocks, often containing marine fossils, form minor, thin outcrops throughout the map area.

+      Mineralization

Gold, silver, lead, zinc and indium mineralization are hosted within two styles of vein systems. These zones are relatively broad and gently dipping.

This mineralization is associated with pyrite, galena, sphalerite in veins, veinlets, breccia-related dissemination. Chalcopyrite occurs only as disseminated grains in wallrock, and a quartz-alunite-gold association is reported in veins and veinlets. Extended intervals of drilling return grades of gold (0.1-0.5 gpt), silver (1-20 gpt), Pb (0.1- 0.3 %) and Zn (0.1-0.5%) with indium varying from nil to 600 gpt. Most drill holes were terminated in mineralization because the importance of low-grade disseminated or fine stockwork mineralization has been under-appreciated until recently. To date, mineralization is open in every direction and at depth.