Um, wow...
Did your eyes can the right side of this chart? If not, look again.
This profile has been on an absolute warpath the last several sessions and it could be just the beginning.
Trading at the top right of its chart (around 52-week highs) and above potential resistance, MFMLF could be an unstoppable juggernaut in the making.
Long story short, you see how quickly this profile can surge up the charts? It might be wise to watch this one as closely as possible near term.
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No. 3 MFMLF Potential Breakout Catalyst - Company Engaged In Extractive Metallurgical Testing
Iconic Gold Engaged in Extractive Metallurgical Testing at its Flagship Wholly Owned San Roque Project
VANCOUVER, British Columbia, Nov. 16, 2021 (GLOBE NEWSWIRE) -- International Iconic Gold Exploration Corporation (TSXV: ICON) (OTC: MFMLF) (FRA: MMRB) (“Iconic Gold” or the “Company”) announces that, in coherence with is new business development plans, it has embarked on a preliminary bench-scale metallurgical study program (the “Program”) of its wholly owned San Roque Gold endowed low-sulphidation epithermal polymetallic mineral deposit (“San Roque”). The property is located in Northeast Patagonia near the Atlantic coast in the Province of Rio Negro, Argentina, and is held by Minas San Roque S.A., a wholly owned subsidiary of the Company.
The main objective of the Program is to determine the practicability of recovering the metallic minerals and metal elements, mainly gold, from the San Roque deposit. Another objective is to gain data which the Company intends to use to convert as much of the project’s National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) Inferred Mineral Resources (see the Company’s SEDAR filing of September 12, 2019 – Technical Report (the “Technical Report”) possible, to a higher resource category (Indicated or Measured, as such terms are defined the Canadian Institute of Mining, Metallurgy and Petroleum), thereafter to be potentially applied in the preparation of a Preliminary Economic Assessment (or “PEA”) for a potential mining project.
“Our NI 43-101 technical results for San Roque showed 1,499,900 ounces of Gold Equivalent,” commented Robert Abenante, President and CEO of Iconic Gold. “We believe by performing metallurgy, we can increase the resource categories and even potentially be in a position to prepare a PEA on the project, which will significantly increase its value,” continued Mr. Abenante.
Iconic Gold has retained two leading industry recognized service companies to conduct the Program. The primary contractor is SGS Canada, Inc. (“SGS”), who has been engaged by the Company to conduct the bench-scale metallurgical tests and report those findings, and secondarily Tetra Tech Canada Inc. (“Tetra Tech”), whose contract is to provide technical oversight of SGS’ test work as it progresses on behalf of the Company. SGS has an 80-year background of metallurgical testing in Canada and Tetra Tech is a prominent, global geologic and engineering consulting firm.
The Company has provided SGS with 215 kilograms of San Roque drill core samples for the Program. This material consisted of 61 core splits of original assay sample run intervals that represent about 58 meters of quartered HQ size drill cores and was obtained from 19 widely spaced drill holes. These samples were selected by Tetra Tech in such a way so as to fairly represent all four Inferred Mineral Resource zones as defined in the Technical Report as well as the down hole oxidized, transition oxide to sulfide, and sulfide portions of each of those mineral zones, save one where the transition section could not be clearly defined.
SGS has blended all 61 of those samples into 13 composite samples to be used as feed for individual tests aimed at characterizing the extractive metallurgy of the various oxidized and unoxidized portions in each of the four identified resource zones. The key Program deliverables of the SGS preliminary metallurgical study will involve all of the 13 composited San Roque core samples and include:
- Sample Preparation and Characterization (crushing, blending and assaying including metallic screen assaying for gold)
- Determinative Mineralogy by Scanning Electron Microscopy (includes Gold characterization)
- Grindability (for determining rock hardness (work index), and sulfide deportment and liberation)
- Gravity Separation (for recovery of free or particulate Gold)
- Batch Flotation (create flow sheet configurations for Rougher & Cleaner sulfide concentrate extractions)
- Cyanide Precious Metals Leaching (bottle roll method)
- Modified Acid Base Accounting (determining the sulfur (aka acidity) of flotation and/or cyanide leach tailings to determine it neutralization potential)
The Company believes this early-stage bench-scale metallurgical test work will provide an indication of payable metal recovery as well as an indication of tailings characterization in terms of acid rock drainage, both of which will play large rolls in determination of the potential economic viability of the San Roque mineral deposit. At this point, the Program is progressing smoothly in a timely manner with the laboratory work expected to be completed sometime in early December, and the publishing of a final report by the end of the year. In the interim, the Company intends to issue periodic updates of the Program’s status.
Qualified Person
The technical information disclosed within this news release has been prepared by Richard R. Walters, Executive Vice President of International Iconic Gold and has approved the disclosures herein. Mr. Walters is a Qualified Person as defined in NI 43-101, and is the person under whose directions the San Roque, Argentina exploration program has been and is being carried out. Mr. Walters is a certified Professional Geologist by the American Institute of Professional Geologists (AIPG) and holds a Legion of Honor Membership in the Society for Mining, Metallurgy and Exploration (SME).
Read the full article here.
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No. 4 MFMLF Potential Breakout Catalyst - Inflation Fears Could Be HUGE For Gold
In times like this, metals and commodities are vital havens to turn to. Specifically gold.
As a tangible, physical asset, gold has long been considered a top inflation hedge and store of value during the most turbulent and unpredictable times.
In fact, according to Reuters, gold is a proven long-term hedge against inflation, and in tracking money supply, can help in-vest-ors protect against potentially excessive asset price inflation and currency debasement.(1)
If the Fed continues keeping interest rates artificially low for the foreseeable future, watch what could happen.
The last time we saw inflation like this in 1971, the price of gold nearly tripled in one day from $42 to $120 an ounce.(2)
Look. Gold’s had its ups and downs in 2021. Nobody denies that.
Economic activity was heating up after vaccines were rolled out, and life was looking normal and good for a time.
But this boom is being severely threatened. Economic headwinds and reckless spending is mounting and jeopardizing everything.
The global supply chain is in shambles. Energy supply and demand are at a dramatic imbalance. Most importantly, inflation has become a worse reality than anyone imagined.
Yet, when inflation is this bad, it’s great for gold.
And with gold trading in the neighborhood of its all-time highs, gold exploration profiles could become the talk of the town.(3)
They may have the potential to post the most amplified moves in these times of complete uncertainty.
Could MFMLF be the next exploration company to erupt? It has been red hot in recent days...
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MFMLF Complete Recap - 4 Potential Catalysts To Know Now
No. 1 - Bullish Technical Indicators Galore
No. 2 - Red Hot Chart
No. 3 - Company Engaged In Extractive Metallurgical Testing
No. 4 - Inflation Fears Could Be HUGE For Gold
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Coverage is officially initiated on MFMLF. When you have a second, do this:
