Icon’s Fitzroy project to become a company September 1, 2010

Icon Resources’ (ASX: III) Fitzroy copper/zinc project in central-east Queensland will be vended into a new company, Fitzroy Resources Ltd, with the intention of listing on the ASX.

Icon’s Board anticipates that this move will enable Icon shareholders to benefit from a better market valuation of the Company’s promising volcanic hosted massive sulphide (VHMS) prospects, and allow a more efficient development of its Mt Carbine tungsten project.

Click here to view the full announcement.