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