The mineral exploration sector remains hot owing to the rising prices of precious metals, and a company that may be worth tracking today is Iconic Minerals Ltd. (OTC: ICMFF). The company was in the news on Tuesday after it made an announcement with regards to a major options agreement, and in this feature, we will take a closer look into the news.
The Update
In the news release, Iconic Minerals announced that it had decided to cancel the options agreement that it signed in May last year for its New Pass Gold property. As per the agreement, Gold Basin had acquired the option to pick up a 50% interest in the property, made up of as many as 107 unpatented mineral claims in Churchill County, Nevada. The provisions of the agreement provided Gold Basin the exclusive option to complete the acquisition of the interest in the property.
Further Information
The project, located in Central Nevada, contains an inferred mineral resource of around 15515488 short tons at 0.22 ounces per ton gold equivalent. It is situated around 27 miles to the west of Austin, and the findings in question had been revealed in an NI 43 101 report dated December 2, 2020.
Technicals
| +/- EMA(20) | 0.0117 (+2.56%) |
| +/- SMA(50) | 0.0103 (+16.50%) |
| +/- SMA(200) | 0.0101 (+18.81%) |
| 5-Day Perf. | +7.14% |
| 1-Month Perf. | +1.69% |
| 3-Month Perf. | +71.43% |
| 6-Month Perf. | +20% |
| YTD Perf. | +71.43% |
| 1-Year Perf. | -37.17% |
| RSI(14) | 50.91 |
| ATR(14) | – |
| ADX(14) | 12.38 |
| Beta (5Y) | 0.50 |
