Markets

ICN Resources Up 1% Today, Getting Small Bounce From Goldfield Drill Results

ICN Resources Ltd. (ICN.V) is now up 1%, bouncing back from an early 7% selldown after saying late Friday that additional drilling at its Goldfield bonanza project has extended the high-grade Church zone, identified in June, by another 250 metres. Overall, the exploration program has found new areas of mineralization over a combined length of 700 metres along the main structural corridor.

The Goldfield mining district produced nearly 3 million ounces of gold between 1903 and 1912 and is located roughly halfway between Reno and Las Vegas in west-central Nevada. ICN is working the area under option from privately held Lode Star Gold Inc.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Other Topics

Commodities

Latest Markets Videos