http://www.bcsc.bc.ca/About_Issuers/Issuer_Information/?partyid=E7M3F6Z4D7BAJ7O6X7J5 Summary of the last placement (22.12.2016 and 22.02.2017) British Columbia (2 placees) NI 45-106 2.3 [Accredited investor] 130,000.00 Total amount (Canadian $) British Columbia (1 placee) NI 45-106 2.3 [Accredited investor] 11,000.00 Total amount (Canadian $) British Columbia (1 placee - Simco Services Inc. (Joe DeVries) ) NI 45-106 2.5 [Family, friends and business associates] 334,000.00 Total amount (Canadian $) Australia (1 placee) Other 25,000.00 Total amount (Canadian $) Regards Xa¡on
https://equity.guru/2017/02/22/icon...reat-lithium-numbers-in-nevada-leach-results/ Iconic Minerals (ICM.V) draws great lithium numbers in Nevada results, jumps 18% Chris Parry February 22, 2017 The Clayton Valley is played out, so says conventional wisdom regarding the Nevada locale where the lithium boom boomed in late 2015. A lot of companies set up shop next to Lithium-X (LIX.V), which ran on its proximity to Albermarle’s existing operation and eventually shifted focus to South America with a nice fat war chest and stock price. One of the companies that set up camp nearby was former gold explorer Iconic Minerals (ICM.V), and while at first glance one might assume they’re another ‘me too’ play, the little outfit was already banging about in Nevada exploring for gold, and has a few interesting things going for it on the lithium side, one of which appears to have been revealed in leach results released today. At the 20-mile wide Bonnie Claire lithium property, Iconic has been doing work, and they have reasons to be cheerful. First, Bonnie Claire isn’t in the Clayton Valley, which is bottlenecked with water rights issues, but rather right next door in Nye County, just 60 kms from Albermarle’s Silver Peak Mine. That’s close enough to benefit from infrastructure and geological similarities, but far enough that they have no water rights issues to speak of. In other words, it’s the only Clayton Valley play that doesn’t have the stink of the Clayton Valley. Leach results released today from their second drill hole showed significant sediment Li ppm, with numbers as high as 580ppm at the top of the sample depth (840 feet down) to 1790ppm at the bottom of the hole, which would indicate the hole should be deeper, because the lithium be plentiful down there. They’re getting leach recoveries of 83% to 87%, 45% when leaching with dilute acid, and 56% when leaching with distilled water. Iconic ran these tests because their difference is in their leaching approach, and if distilled water can be used as a leaching agent with decent recovery numbers, this reduces their production costs significantly. This is a big deal, because Iconic has been cruising along with an element of ‘trust us, we have some tech lined up that we think makes this doable’, to which the market normally responds with an eye roll. These results make that promise more serious, and the market is paying attention. Stock price is up 18% at the time of writing, to $0.13 and a $9m market cap, which is butt cheap when you consider they have another lithium play, and three gold properties to boot. The move has also helped the company close its recent financing (at $0.11 per share), news of which came out while I was writing this piece. From the results news release: We started talking about Iconic a few weeks ago, when it was at $0.095, so congrats on the 36.8% profit if you climbed in early. We see the company as a solid Moneyball pick, where the market hasn’t yet identified its value, and believe further results like these will see a big pick up in interest. Personally, I missed the run as I thought it would take a little longer to see results like these, but attention is now firmly gripped on ICM. — Chris Parry FULL DISCLOSURE: Iconic Minerals is NOT an Equity.Guru client, but we are happy to discuss solid plays we believe will benefit our readers.
http://www.iconicmineralsltd.com/ne...-at-smith-creek-valley-lithium-project-nevada ICONIC IDENTIFIES POTENTIAL BRINE ZONE AT SMITH CREEK VALLEY LITHIUM PROJECT, NEVADA Iconic Minerals Ltd. (the “Company” or “Iconic”) (TSX‑V: ICM) (OTC: BVTEF) (FSE: YQGB) is pleased to announce that it has completed interpretation of a Magneto Telluric (MT) geophysical survey (the “Survey”) at its second lithium project, Smith Creek Valley (the “Smith Creek”), located 140 miles (225 km) east of Reno, near Austin, Nevada. The Survey has identified a major 4.47 mile (7.6 km) long resistivity low which is interpreted to be a brine horizon. The MT cross section can be viewed on the Company’s website. The Survey was conducted along the long axes of the valley to determine the presence and the extent of the brine. The survey identified two probable brines. There is a thin, near surface anomaly that correlates with brine drilled by the USGS in a 1989 hydrology study of the basin. The USGS did not include an analysis of lithium within this study. The Survey also identified a deeper probable brine averaging 1,300 feet (400 m) in interpreted thickness, which dips gently to the south and extends beyond the Survey to the north. The top layer of this brine anomaly occurs 650-1,600 feet (200-500m) below the surface. There were two major interpreted faults identified on this section. Iconic believes it has identified a major brine target and will move forward with additional exploration of Smith Creek Valley. Further MT surveying is planned to identify potential feeder faults and optimize drill targets. It should be noted that Nevada experienced an extraordinary wet winter, which has delayed this work; however, plans will commence once the lake evaporates sufficiently. Iconic’s Smith Creek Valley Lithium Property: Iconic currently controls 808 placer claims totaling 25.25 square miles (65.4 km2) over a major gravity low. The enclosed Smith Creek Valley Basin covers 582 square miles (1,507 km2), which is slightly larger than Clayton Valley Basin where lithium brines are produced. Smith Creek Valley is over +40 miles (+64 km) long in a north-northeast direction and averages 9 miles (14.5 km) in width. The vast majority of rock weathering into the basin is felsic ash flow tuff, which is an excellent source of lithium. A large gravity low under the southern portion of the valley has been filled with mud flat sediments that have a calculated thickness of over 4,000 feet (1,220 m). Sampling of brine evaporates deposited in the mud flat downslope of hot springs, located just northwest of the flat, returned lithium values of up to 470 ppm. Brine evaporate is found around the edges of the mud flat, but not in sufficient quantity to be mapped as a unit. The basin is bounded by a series of step faults that down-dropped the central basin several thousand feet. Some of these step faults serve as fluid conduits for present day hot springs that border the mud flats. Geothermal activity is believed to be a contributing factor to the presence of economic lithium brines. Richard Kern, Certified Professional Geologist (#11494) and CEO of Iconic is the Qualified Person who has prepared and reviewed this press release in accordance with NI 43-101 reporting standards. On behalf of the Board of Directors SIGNED: “Richard Kern” Richard Kern, President and CEO Contact: (604) 336-8614 For further information on ICM, please visit our website at www.iconicmineralsltd.com. The Company’s public documents may be accessed at www.sedar.com Forward Statement: This news release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this release are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Iconic expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
That looks really promising. The zone is huge and MT values look good. Smith Creek seems to be a raw diamond. Let's wait for further exploration details and if ICM will also start drilling with cash being limited and concentrated on Bonnie Claire. Maybe it's a good opportunity for a JV.
Richard Kern, President and CEO of Iconic Minerals Ltd. (TSX‑V: ICM; OTC: BVTEF; FSE: YQGB): Acquiring and Exploring Precious Metal and Lithium Projects Primarily in Nevada, USA By Dr. Allen Alper, PhD Economic Geology and Petrology, Columbia University, NYC, USA on 3/22/2017 http://www.metalsnews.com/Metals+Ne...VTEF+FSE+YQGB)+Acquiring+and+Exploring+Pr.htm
http://www.iconicmineralsltd.com/ne...ation-plans-at-bonnie-claire-lithium-property ICONIC RECEIVES INITIAL METALLURGY RESULTS AND ANNOUNCES NEXT PHASE OF EXPLORATION PLANS AT BONNIE CLAIRE LITHIUM PROPERTY Iconic Minerals Ltd. (the “Company” or “Iconic”) (TSX V: ICM) (OTC: BVTEF) (FSE: YQGB) is pleased to announce that it has received initial metallurgy results from sediments that were extracted from drill hole BC1601, on the Bonnie Claire Project. McClelland Laboratories Inc. (“McClelland”), of Sparks, Nevada conducted the initial metallurgy. A series of bottle roll tests were completed using hydrochloric acid at various strengths for a period of 72 hours. Although the tests indicate that this method disolves the lithium mineral, the high calcium carbonate content of the samples caused excessive consumption of acid. The use of deionized water instead of acid has been proven to solve this problem. Testing has shown that deionized water leaches the lithium from the sediments more effectively. Further studies are underway using water with variable solid densities, and temperatures to optimize extraction. In addition, McClelland will be submitting a proposal with recommendations to test other recovery methods on the Bonnie Claire sediments. Exploration Plan Iconic’s next phase of exploration is to drill two holes at Bonnie Claire to specifically test major faults, which are high priority lithium brine targets. These holes will also provide enough additional data to define a NI 43-101 resource for the sediments. One major fault has been identified from geophysics, however, the exact location of a major east-west structure will require an additional line of Magneto Telluric (MT) performed to determine the exact location of the fault. The Company is also permitting a 600 foot (183 m) deep core hole near drill hole BC1601 to provide material for additional metallurgical testing. The Bonnie Claire Lithium Property Characteristics: The Property is located within Sarcobatus Valley that is approximately 30 km (19 miles) long and 20 km (12 miles) wide, the associated drainage basin covers an area of 2,070 square km (800 sq mi). Quartz-rich volcanic rocks, that contain anomalous amounts of lithium, occur within and adjacent to the drainage basin. Geochemical analysis of the local salt flats has yielded lithium values up to 340 ppm. The gravity low within the valley is 20 km (12 miles) long, the current estimates of the depth to bedrock range from 600 to 900 meters (2,000 to 3,000 feet). The current claim block covers the gravity low and the associated mud flats. Richard Kern, Certified Professional Geologist (#11494) and CEO of Iconic is the Qualified Person who has prepared and reviewed this press release in accordance with NI 43-101 reporting standards. On behalf of the Board of Directors SIGNED: “Richard Kern” Richard Kern, President and CEO Contact: Richard Kern (604) 336-8614 For further information on ICM, please visit our website at www.iconicmineralsltd.com. The Company’s public documents may be accessed at www.sedar.com Forward Statement: This news release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this release are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Iconic expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Iconic Initiates Surface Geochemical Sampling and Shallow Drilling on Lithium Brine Targets at Bonnie Claire Property Vancouver, British Columbia--(Newsfile Corp. - May 10, 2017) - Iconic Minerals Ltd. (TSXV: ICM) (OTC Pink: BVTEF) (FSE: YQGB) (the "Company" or "Iconic") is pleased to announce that it has completed surface geochemical sampling of two lithium brine targets at its Bonnie Claire project. In addition, the Company is initiating shallow drilling of one of the two targets to collect brine samples as well as sediment for geochemical analysis. This winter, Bonnie Claire received unusually heavy precipitation that has now evaporated and left a thick layer of salt over much of the project area. Most of this salt moved upward to the surface through capillary action or "wicking." Depending on the thickness of post-faulting sediments, lithium brine could move significantly upward toward the surface. Salt samples have been taken along lines crossing two major faults to see if there is a spike in lithium values over these structures. Additionally, drilling of a 300 foot (91.4 m) deep Reverse Circulation (RC) vertical hole (the "Drill Hole") in the vicinity of a major fault will be tested for lithium brine at shallow depths. Continuous water/brine sampling will be completed on 20 foot (6 m) intervals, including sediment sampling. The Drill Hole target is located approximately 1.55 miles (2.5 km) south of hole BC1602. If successful, this quick and cost effective geochemical testing will be utilized on other brine targets throughout the project area. Should significant lithium brine be discovered at these shallow target depths, large diameter deep drilling would be needed to define a resource. Salt and sediment samples are being analyzed by ALS Chemex of Reno, Nevada and brine samples by Western Environmental Testing Laboratory (WETLAB) of Sparks, Nevada. An update on the drilling will be issued after completion. The Bonnie Claire Lithium Property Characteristics: The Property is located within Sarcobatus Valley that is approximately 30 km (19 miles) long and 20 km (12 miles) wide, the associated drainage basin covers an area of 2,070 square km (800 sq mi). Quartz-rich volcanic rocks that contain anomalous amounts of lithium occur within and adjacent to the drainage basin. Geochemical analysis of the local salt flats has yielded lithium values up to 340 ppm. The gravity low within the valley is 20 km (12 miles) long, the current estimates of the depth to bedrock range from 600 to 900 meters (2,000 to 3,000 feet). The current claim block covers the gravity low and the associated mud flats. Richard Kern, Certified Professional Geologist (#11494) and CEO of Iconic is the Qualified Person who has prepared and reviewed this press release in accordance with NI 43-101 reporting standards. On behalf of the Board of Directors SIGNED: "Richard Kern" Richard Kern, President and CEO Contact: Richard Kern (604) 336-8614 For further information on ICM, please visit our website at www.iconicmineralsltd.com. The Company's public documents may be accessed at www.sedar.com. Forward Statement: This news release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this release are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Iconic expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Iconic Completes Shallow Drilling of Lithium Brine Target at Bonnie Claire Property Vancouver, British Columbia--(Newsfile Corp. - May 23, 2017) - Iconic Minerals Ltd. (TSXV: ICM) (OTC Pink: BVTEF) (FSE: YQGB) (the "Company" or "Iconic") is pleased to announce that it has completed shallow drilling of a lithium brine target at Bonnie Claire. Both brine and sediment samples were collected continuously to a total depth of 300 feet (91.4 m). The sediments drilled consisted primarily of fine-grained sand and silt with occasional clay layers. At 160 feet (49 m), located below a thick clay zone, high density brine was intersected and continued through to the bottom of the drill hole. The drill hole location can be seen on the drill hole location map on the Company's website. Harris Exploration Drilling of San Diego, California was contracted to drill a 300 foot (91.4 m) deep Reverse Circulation (RC) vertical hole ("BC1701"). Located approximately 1.55 miles (2.5 km) south of hole BC1602 in the vicinity of a major fault, BC1701 tested for lithium brine at shallow depths. Equipped with baloon tires, the drill rig used has a minimal footprint and is ideally suited to the soft sediments of the dry lake bed at Bonnie Claire. The drilling encountered olive green fine-grained sand and silt with occasional clay layers to 140 feet (43 m). At 140 feet the hole penetrated heavy clay for 20 feet (6.1 m). Below this dense brine was intersected in sands with high water flow. Brine of different densities continued to the bottom of the hole with minor clay beds in between. Areas of very high brine content created foam on exiting the drill hole. Continuous water/brine sampling was done on 20 foot (6 m) intervals along with sediment sampling. All samples have been transported securely to geochemical labs. Sediment samples are being analyzed by ALS Chemex of Reno, Nevada and brine samples by Western Environmental Testing Laboratory (WETLAB) of Sparks, Nevada. Results are expected within a couple weeks. The Bonnie Claire Lithium Property Characteristics: The Property is located within Sarcobatus Valley that is approximately 30 km (19 miles) long and 20 km (12 miles) wide, the associated drainage basin covers an area of 2,070 square km (800 sq mi). Quartz-rich volcanic rocks, that contain anomalous amounts of lithium, occur within and adjacent to the drainage basin. Geochemical analysis of the local salt flats has yielded lithium values up to 340 ppm. The gravity low within the valley is 20 km (12 miles) long, the current estimates of the depth to bedrock range from 600 to 900 meters (2,000 to 3,000 feet). The current claim block covers the gravity low and the associated mud flats. Richard Kern, Certified Professional Geologist (#11494) and CEO of Iconic is the Qualified Person who has prepared and reviewed this press release in accordance with NI 43-101 reporting standards. On behalf of the Board of Directors SIGNED: "Richard Kern" Richard Kern, President and CEO Contact: Richard Kern (604) 336-8614 For further information on ICM, please visit our website at www.iconicmineralsltd.com. The Company's public documents may be accessed at www.sedar.com Forward Statement: This news release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this release are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Iconic expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
ICONIC FINDS HIGHLY ANOMALOUS LITHIUM IN SURFACE SALTS AT SOUTHERN TARGET AND EXPANDS SURVEY AT BONNIE CLAIRE PROPERTY Iconic Minerals Ltd. (the “Company” or “Iconic”) (TSX V: ICM) (OTC: BVTEF) (FSE: YQGB) is pleased to announce that it has received results from surface salt sampling of two lithium brine targets at its Bonnie Claire project. The Southern Target geochemistry shows very anomalous lithium values along most of the 1,000 feet (328 m) surveyed. The open-ended anomaly indicates potential for shallow lithium brine pools that may occur over a much larger area than the fault hosted target the survey was designed to test. A grid sampling program over a much larger area has been designed to determine the extent of the lithium bearing salts. The Southern Target consists of a north-south fault identified by a Magneto Telluric (MT) survey. An east west line of salt samples was taken across the inferred fault for 1,000 feet (328 m) using 100 foot (33 m) sample spacing. The results show very anomalous Li values along most of the line with the opposite ends of the line assaying 210 and 150 ppm Li. Although the fault may be contributing to the anomalous lithium, it is our opinion that the anomaly is too broad to be explained by the fault alone. We believe it is more likely that the anomaly is associated with more extensive near-surface lithium brine. The Northern Target geochemical line was run north-south across a major east-west fault. The 2,500 foot (760 m) long line had much lower Li values than the Southern Target and contained no significant anomaly spikes. Surface water and near-surface water at Bonnie Claire flow to the lowest part of the valley. This area is located just south and east of the Southern Target. These lower pH waters have the ability to leach lithium from valley sediments as they flow south. Possibly becoming lithium brine, these solutions could collect in stratigraphic lows as brine pools. The Company’s MT survey does indicate there is shallow brine in this area. At Clayton Valley, initial mining was from shallow brine pools located in the vicinity of the topographic low at the north end of the valley. Iconic has designed a 3.4 square mile (8.9 km2) surface salt grid sampling program to further define the extent of highly anomalous lithium values at the Southern Target. Once complete, drilling targets will be identified and tested. The Bonnie Claire Lithium Property Characteristics: The Property is located within Sarcobatus Valley that is approximately 30 km (19 miles) long and 20 km (12 miles) wide, the associated drainage basin covers an area of 2,070 square km (800 sq mi). Quartz-rich volcanic rocks that contain anomalous amounts of lithium occur within and adjacent to the drainage basin. Geochemical analysis of the local salt flats has yielded lithium values up to 340 ppm. The gravity low within the valley is 20 km (12 miles) long, the current estimates of the depth to bedrock range from 600 to 900 meters (2,000 to 3,000 feet). The current claim block covers the gravity low and the associated mud flats. Richard Kern, Certified Professional Geologist (#11494) and CEO of Iconic is the Qualified Person who has prepared and reviewed this press release in accordance with NI 43-101 reporting standards. On behalf of the Board of Directors SIGNED: “Richard Kern” Richard Kern, President and CEO For further information on ICM, please visit our website at www.iconicmineralsltd.com. The Company’s public documents may be accessed at www.sedar.com Forward Statement: This news release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this release are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Iconic expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
ICONIC INTERSECTS LITHIUM BRINE IN SHALLOW DRILLING AT BONNIE CLAIRE PROPERTY (June 28, 2017) – Iconic Minerals Ltd. (the “Company” or “Iconic”) (TSX‑V: ICM) (OTC: BVTEF) (FSE: YQGB) is pleased to announce that it has received results from its first shallow drill hole testing beneath a surface salt lithium anomaly at its Bonnie Claire project.. BC1701 intersected low grade lithium brine beginning 20 feet (6 m) below the surface. Dissolved lithium values were highest in the 20-40 foot (6-12 m) interval at 29 ppm. Results of sediment sampling from the drilling have also been received and show increasing lithium values from 460 ppm in the 0-20 feet (0-6 m) sample to +1,000 ppm beginning 200 feet (61 m) below the surface and continuing to a total drill depth of 300 feet (91 m). Harris Exploration Drilling of San Diego, California drilled vertical hole BC1701 using Reverse Circulation (RC). The drill hole is located approximately 1.55 miles (2.5 km) south of hole BC1602 on the edge of present day mud flats. Composite 20 foot (6 m) sediment and brine samples were collected continuously down the hole. Sediments drilled consisted of siltstones with lesser sandstone and occasional thin clay beds. The exception is a 20 foot (6 m) thick clay bed which seperates lower pH brines above from much more concentrated and higher pH brines below. The several sandstone beds intersected appear to correlate with higher lithium brine values. The 20-40 foot (6-12 m) and 60-80 foot (18-24 m) brine samples contained the highest lithium values and anomalous values continue to 140 feet (43 m). These intervals contain 5-15 feet (3-5 m) thick permeable sandy beds which appear to be aquifers. Shorter sample intervals may significantly increase lithium values. There also appears to be a direct relationship between lower pH and higher dissolved lithium values in the shallow brine. It is believed that lower pH groundwater is leaching lithium from the sediments as it migrates to a stratigraphic low where the lithium brine can concentrate over time. It also appears that these lithium brine pools are close enough to the surface that capillary action or “wicking” occurs and produces high lithium values in surface salts. Sampling of a 3.4 square mile (8.9 km2) surface salt grid sampling program to further define the extent of highly anomalous lithium values has been initiated. When results are received lithium values will be contoured and anomalies prioritized for future shallow drill testing. Sediment samples were analyzed by ALS Chemex of Reno, Nevada and brine samples by Western Environmental Testing Laboratory (WETLAB) of Sparks, Nevada. The Bonnie Claire Lithium Property Characteristics: The Property is located within Sarcobatus Valley that is approximately 30 km (19 miles) long and 20 km (12 miles) wide, the associated drainage basin covers an area of 2,070 square km (800 sq mi). Quartz-rich volcanic rocks, that contain anomalous amounts of lithium, occur within and adjacent to the drainage basin. Geochemical analysis of the local salt flats has yielded lithium values up to 340 ppm. The gravity low within the valley is 20 km (12 miles) long, the current estimates of the depth to bedrock range from 600 to 900 meters (2,000 to 3,000 feet). The current claim block covers the gravity low and the associated mud flats. Richard Kern, Certified Professional Geologist (#11494) and CEO of Iconic is the Qualified Person who has prepared and reviewed this press release in accordance with NI 43-101 reporting standards. On behalf of the Board of Directors SIGNED: “Richard Kern” Richard Kern, President and CEO For further information on ICM, please visit our website at www.iconicmineralsltd.com. The Company’s public documents may be accessed at www.sedar.com Forward Statement: This news release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this release are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Iconic expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
ICONIC ENTERS INTO AGREEMENT FOR RESEARCH AND DEVELOPMENT EXTRACTION METHODS ON BONNIE CLAIRE PROPERTY (August 10, 2017) – Iconic Minerals Ltd. (the “Company” or “Iconic”) (TSX V: ICM) (OTC: BVTEF) (FSE: YQGB) announces that it has signed a binding term sheet with St-Georges Platinum Base and Energy Metals Ltd. (“St-Georges”) pursuant to which St-Georges has agreed to provide research and development (the “R&D”) utilizing products, extraction methods and proprietary technology to develop the Company’s Bonnie Claire property (the “Property”) in separation, recovery, and purification of lithium from its lithium bearing prospects. In consideration for the R&D, which will include engineering services, and once a definitive agreement has been entered into (the “Definitive Agreement”), the Company has agreed, subject to receipt of acceptance by the TSX Venture Exchange, to issue St. Georges up to 5,000,000 common shares in the capital stock of the Company in stages over a 36 month period (the “Compensation Shares”) commencing on the date of execution of the Definitive Agreement. St-Georges has agreed that any and all Compensation Shares issued to St-Georges will be held by a third-party escrow agent and released to St-Georges at the end of the 36-month period, contingent on St-Georges reaching certain performance benchmarks. The Parties will establish a royalty stream on the commercial output of the Property for the entire mine life, which will be opposable to any successors of Iconic as a lien on the mining assets. St-Georges and Iconic will negotiate a right of first refusal in favor of Iconic. The royalty, to be negotiated within the guidelines of the “Royalty Formula”, will take the form of a 5% Net Revenue Interest or Net Revenue Return. A further News Release will be disseminated once the Definitive Agreement has been entered into. About the Technology Initiative: St-Georges R&D initiative with Iconic is primarily focused in developing a commercially viable lithium extraction process. St-Georges metallurgists are in currently refining its proprietary mineral extraction technology, this technology is a process that will explore the potential to economically extract lithium carbonate from lithium bearing sediments. This process involves leaching lithium, including other potential commercially viable minerals from the sediments, utilizing solvent extraction, pyro metallurgy and precipitation. The Bonnie Claire Lithium Property: The Property is located within Sarcobatus Valley that is approximately 30 km (19 miles) long and 20 km (12 miles) wide, the associated drainage basin covers an area of 2,070 square km (800 sq mi). Quartz-rich volcanic rocks that contain anomalous amounts of lithium occur within and adjacent to the drainage basin. Geochemical analysis of the local salt flats has yielded lithium values up to 340 ppm. The gravity low within the valley is 20 km (12 miles) long, the current estimates of the depth to bedrock range from 600 to 900 meters (2,000 to 3,000 feet). The current claim block covers the gravity low and the associated mud flats. Richard Kern, Certified Professional Geologist (#11494) and CEO of Iconic is the Qualified Person who has prepared and reviewed this press release in accordance with NI 43-101 reporting standards. On behalf of the Board of Directors SIGNED: “Richard Kern” Richard Kern, President and CEO Contact: Keturah Nathe, VP Corporate Development (604) 718-2800 (x 312) For further information on ICM, please visit our website at www.iconicmineralsltd.com. The Company’s public documents may be accessed at www.sedar.com Forward Statement: This news release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this release are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Iconic expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Iconic Enters into Exclusive Licensing Agreement for Nevada Lithium Operations (December 7, 2017) – Iconic Minerals Ltd. (the “Company” or “Iconic”) (TSX V: ICM) (OTC: BVTEF) (FSE: YQGB) announces it has entered into an exclusive definitive licensing agreement (the “Agreement”) with St-Georges Platinum and Base Metals Ltd. (“St-Georges” or “SX”) to utilize its proprietary lithium extraction, purification and processing technology. The Agreement grants Iconic the exclusive right to a site license for any production facility Iconic and/or its affiliates operate within the state Nevada, to use St-Georges’s proprietary and related technology, products, patents and future improvements for the purpose of extracting, processing and selling lithium, which includes any deemed commercially viable minerals that are also present in Iconic’s mineral feedstock. Pursuant to the Agreement, St-Georges has agreed to provide engineering and technical services on all licensed production sites. In consideration for the licensing rights, the Company has agreed, subject to receipt of acceptance by the TSX Venture Exchange, to issue St-Georges a total of 5,000,000 common shares in its capital stock in stages over a 36 month period (the “Compensation Shares”). St-Georges has agreed that any and all Compensation Shares issued to St-Georges will be held by a third party escrow agent and released to St-Georges at the end of the 36 month period, contingent on St-Georges reaching certain performance benchmarks, which are outlined below: 2,000,000 common shares upon Stage 1 Benchmark completion: which is defined by the delivery of an independent laboratory report currently commissioned by St-Georges, indicating positive viable lithium recoveries; 1,500,000 shares upon Stage 2 Benchmark completion: which is defined by independent report describing results of initial pilot mining operations and the processing of a minimum of one (1) metric ton in a simulated industrial environment; and 1,500,000 shares upon Stage 3 Benchmark completion: which is defined by the reception of a Preliminary Economical Assessment Report (PEA) or at commercialization decision or the third (3rd) year anniversary mark of this Agreement assuming other issuance have been completed. The Company has agreed to pay a Net Revenue Interest Royalty (NRI) of 5% on all minerals produced and sold on all production sites licensed with SX’s technologies. SX technology process lithium bearing material in three (3) phases: 1. Concentrates the lithium bearing material. 2. Converts the lithium to a salt and purifies it through lithium selection. The process involves gasification to activate the lithium and selectively removing the lithium salt from the other elements with the usage of a proprietary technique that is keep confidential at this stage. 3. It involves purification and direct production of lithium carbonate or lithium hydroxide and can be linked to a lithium metal production. The Bonnie Claire Lithium Property: The Property is located within Sarcobatus Valley that is approximately 30 km (19 miles) long and 20 km (12 miles) wide, the associated drainage basin covers an area of 2,070 square km (800 sq mi). Quartz-rich volcanic rocks that contain anomalous amounts of lithium occur within and adjacent to the drainage basin. Geochemical analysis of the local salt flats has yielded lithium values up to 340 ppm. The gravity low within the valley is 20 km (12 miles) long, the current estimates of the depth to bedrock range from 600 to 900 meters (2,000 to 3,000 feet). The current claim block covers the gravity low and the associated mud flats. On behalf of the Board of Directors SIGNED: “Jurgen Wolf” Jurgen Wolf, Director Contact: Keturah Nathe, VP Corporate Development (604) 718-2800 (x 312) For further information on ICM, please visit our website at www.iconicmineralsltd.com. The Company’s public documents may be accessed at www.sedar.com Forward Statement: This news release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this release are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Iconic expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Iconic Minerals negotiates $600,000 private placement 2017-12-13 15:30 ET - News Release Mr. Jurgen Wolf reports ICONIC ANNOUNCES NEGOTIATION OF EQUITY FINANCING UP TO $600,000 Iconic Minerals Ltd. has begun negotiating a private placement for gross proceeds of up to $600,000, subject to acceptance by the TSX Venture Exchange. These finances will be raised by the company issuing up to six million units at a price of 10 cents per unit, each Unit consisting of one common share and one share purchase warrant, each whole warrant entitling the holder thereof to purchase one additional common share, exercisable for a period of two years from the date of issuance at a price of 15 cents per share (provided that in the event that the weighted average closing price of the company's shares on the TSX-V equals or exceeds 25 cents per share during any 20 non-consecutive trading days in a 365 day period, commencing four months after the date of issuance of the warrants, then the company may, within 20 days of such an occurrence, give notice in writing to the holders of the warrants that the warrants shall expire at 5 p.m. Vancouver time on the 20th business day following delivery of such notice unless exercised by the holders of the warrants prior to such time). Proceeds raised will be used toward expenditures required for the Bonnie Claire lithium property, and for general working capital purposes. The company may pay finders' fees in connection with the financing in accordance with the rules and policies of the TSX-V. One insider will directly and/or indirectly subscribe for an aggregate of up to 2.5 million units from the financing, which will increase that related party's pro rata shareholdings in the company. All of the independent directors of the company, acting in good faith, have determined that the fair market value of the securities being issued and the consideration paid is reasonable and, with the value of the related party transaction being less than 25 per cent of the company's market capitalization, is exempt from the formal valuation and minority shareholder approval requirements of the Ontario Securities Commission's Rule 61-501.
St Georges – CEO Interview – December 26, 2017 St. Georges President & CEO gives investors a belated Christmas present, with the assistance of Director Enrico Di Cesare and Iconic Minerals President and CEO Richard R. Kern This is our best interview ever with St. Georges and no doubt sets the foundation for many more in the first quarter of 2018 and beyond!
Iconic Minerals closes $600,000 private placement 2017-12-28 15:31 ET - News Release Mr. Richard Kern reports ICONIC ANNOUNCES CLOSING OF FINANCING FOR GROSS PROCEEDS OF $600,000 On Dec. 27, 2017, Iconic Minerals Ltd. received acceptance from the TSX Venture Exchange to close its private placement announced in a news release dated Dec. 13, 2017. In accordance with the provisions of subscription agreements, on Dec. 28, 2017, the company issued a total of six million units at a price of 10 cents per unit, with each unit comprising one common share and one share purchase warrant, with each warrant being exercisable into one common share on or before close of business on Dec. 27, 2019, at 15 cents per share (provided that in the event that the weighted average closing price of the company's shares on the TSX Venture Exchange equals or exceeds 25 cents per share during any 20 non-consecutive trading days in a 365-day period, commencing four months after the date of issuance of the warrants, then the company may, within 20 days of such an occurrence, give notice in writing to the holders of the warrants that the warrants shall expire at 5 p.m. Vancouver time on the 20th business day following delivery of such notice unless exercised by the holders of the warrants prior to such time). These shares, together with any shares that may be issued on exercise of the warrants, will be subject to a hold period under applicable Canadian securities laws expiring on April 29, 2018, and will be subject to such further restrictions on resale as may apply under applicable foreign securities laws. The company also paid a total of $15,200 as cash finders' fees in connection with this financing. One insider indirectly subscribed for a total of 2.5 million units from the financing, which increased that related party's pro rata shareholdings in the company. All of the independent directors of the company, acting in good faith, have determined that the fair market value of the securities being issued and the consideration paid is reasonable and, with the value of the related party transaction being less than 25 per cent of the company's market capitalization, is exempt from the formal valuation and minority shareholder approval requirements of the Ontario Securities Commission's Rule 61-501. Bonnie Claire drilling program With the completion of the financing, Iconic will be initiating the drilling of its third deep drill hole at the Bonnie Claire project, which is expected to be completed within the first quarter of 2018. Data collected from the third drill hole will enable the company to establish an initial National Instrument 43-101-compliant resource for its lithium-bearing sediments contained within its 22-square-mile (57-square-kilometre) Bonnie Claire project. Sediments extracted from this third drill hole will also provide St-Georges the necessary tonnage to complete extraction and purification tests, processed through a pilot plant, which will provide further information on the potential economic viability of commercial production at Bonnie Claire. Characteristics of the Bonnie Claire lithium property The property is located within Sarcobatus valley, which is approximately 30 kilometres (19 miles) long and 20 kilometres (12 miles) wide, the associated drainage basin covers an area of 57 square kilometres (22 square miles). Quartz-rich volcanic rocks that contain anomalous amounts of lithium occur within and adjacent to the drainage basin. Geochemical analysis of the local salt flats has yielded lithium values up to 340 parts per million. The gravity low within the valley is 20 kilometres (12 miles) long; the current estimates of the depth to bedrock range from 600 metres to 900 metres (2,000 feet to 3,000 feet). The current claim block covers the brine-bearing potion of the gravity low as defined by geophysics. Richard Kern, certified professional geologist (No. 11494) and chief executive officer of Iconic, is the qualified person who has prepared and reviewed this press release in accordance with NI 43-101 reporting standards.
Post from User "vinny19" on Stockhouse. "I asked Frank (SX ceo) directly I asked Frank to clarify a question in regards to their last PR What was the reason for testing other extraction technologies? From the last PR The first stage of the mandate given to Dundee Sustainable Technologies (CSE DST) was to characterize the material from the Bonnie Claire Lithium Property - provided by Iconic Minerals Ltd (TSX-V: ICM) - and to test it using currently knowns extraction techniques, commercially deployed or known in the public domain from academic research. His response: One of the caveats of our agreement with ICM was that we had to compare our economics(SX tech) with all other potentially economical tech out there. If one would be better financially we had to yield and help them adopt it as advisors. This being specific to Bonnie Claire. None were. Even the one many shareholders mention in emails to me which is the water separation that separated up to 70% of the lithium. The grade of purity was not good and early leaching in the process precipitated iron, MG and other contaminants that would need to be separated at great costs. Read more at http://www.stockhouse.com/companies/bullboard?symbol=v.icm&postid=27254500#DWo0JDeUaB5VIPpq.99
Iconic Initiates 2018 Exploration Program at Bonnie Claire Project, Nevada and Grants Stock Options (January 9, 2018) – Iconic Minerals Ltd. (TSX‑V: ICM) (OTC: BVTEF) (FSE: YQGB) has initiated its 2018 exploration program at the Bonnie Claire Project located in southern Nevada. The primary goals of the program are to produce an NI43-101 compliant initial resource report on the lithium-rich sediments of the basin and provide additional bulk samples for further tests utilizing St-Georges Eco-Mining’s (“SX”) new proprietary extraction and purification technology. Drilling permits for the project are being amended to allow some adjustment in the location of Iconic’s third deep hole to increase the resource area. This hole has a proposed depth of 450 meters (1,500 feet) using mud-rotary drilling. All drill cuttings will be collected using 3 meter (10 foot) sample intervals and multi-element analysis done on each sample. The bulk samples will be securely stored and shipped to SX’s labs as needed to advance to defining the resource at Bonnie Claire. Additional Shallow Lithium Brine Targets Surface sampling in the southern portion of the project area at Bonnie Claire continues to define linear lithium high anomalies thought to be associated with shallow structures that may host lithium brine. After additional work, including geophysics, several shallow drill holes will be permitted to test the interpreted faults. If significant lithium brines are discovered they will be incorporated into St-George’s ongoing lithium recovery testing program. Grant of Stock Options The Company further announces the grant, pursuant to its 10% Rolling Stock Option Plan that was ratified and approved by shareholders on February 16, 2017 and accepted for filing by the TSX Venture Exchange (the “TSX-V”) on February 22, 2017, of options to certain eligible directors, officers and consultants to purchase a total of 3,000,000 common shares, exercisable in whole or in part on or before January 8, 2020 at an exercise price of $0.25 per share. The Bonnie Claire Lithium Property Characteristics: The Property is located within Sarcobatus Valley that is approximately 30 km (19 miles) long and 20 km (12 miles) wide, the associated drainage basin covers an area of 57 square km (22 sq mi). Quartz-rich volcanic rocks, that contain anomalous amounts of lithium, occur within and adjacent to the drainage basin. Geochemical analysis of the local salt flats has yielded lithium values up to 340 ppm. The gravity low within the valley is 20 km (12 miles) long, the current estimates of the depth to bedrock range from 600 to 900 meters (2,000 to 3,000 feet). The current claim block covers the brine bearing potion of the gravity low as defined by geophysics. Richard Kern, Certified Professional Geologist (#11494) and CEO of Iconic is the Qualified Person who has prepared and reviewed this press release in accordance with NI 43-101 reporting standards. On behalf of the Board of Directors SIGNED: “Richard Kern” Richard Kern, President and CEO Contact: Keturah Nathe, VP Corporate Development (604) 336-8614 For further information on ICM, please visit our website at www.iconicmineralsltd.com. The Company’s public documents may be accessed at www.sedar.com Forward Statement: This news release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this release are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Iconic expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Iconic Announces Negotiation of Equity Financing up to $2,805,000 (January 15, 2018) – Iconic Minerals Ltd. (TSX‑V: ICM / FSE: YQGB / OTC: BVTEF) announces the negotiation of a private placement for gross proceeds of up to $2,805,000 (the “Financing”), subject to acceptance by the TSX Venture Exchange. These funds will be raised by the Company issuing up to 11,000,000 units (the “Units”), at a price of $0.255 per Unit, each Unit consisting of one common share and one-half share purchase warrant, each whole warrant entitling the holder thereof to purchase one additional common share, exercisable for a period of two (2) years from the date of issuance at a price of $0.40 per share in the first year and $0.60 per share in the second year. Proceeds raised will be used toward expenditures required for the Bonnie Claire lithium Property, and for general working capital purposes. The Company may pay finders’ fees in connection with the Financing in accordance with the rules and policies of the TSX-V. Insiders may participate for up to 4,500,000 Units from the Financing. On behalf of the Board of Directors SIGNED: “Richard Barnett” Richard Barnett, CFO Contact: (604) 336-8614 For further information on ICM, please visit our website at www.iconicmineralsltd.com The Company’s public documents may be accessed at www.sedar.com The securities referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements. This news release does not constitute an offer for sale of securities for sale, nor a solicitation for offers to buy any securities. Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the company and management, as well as financial statements.
Iconic Minerals does not say why stock is up, but ... 2018-01-19 16:30 ET - News Release Mr. Richard Kern reports ICONIC REPORTS NO MATERIAL CHANGE AND PROVIDES UPDATES ON ITS 2018 LITHIUM EXPLORATION PROGRAM AT BONNIE CLAIRE PROJECT, NEVADA Iconic Minerals Ltd. has confirmed that there is no material change in the company's operations that would account for the recent market activity. The company has initiated environmental permitting of an expanded drilling program at the Bonnie Claire project located in Southern Nevada. The expanded permit will allow drilling of a 450-metre to 600 m (1,500-foot to 2,000-foot) deep hole to sample lithium-bearing sediments. Using this deep-target drill hole, including the two deep-target holes previously drilled on the property, approximately 2.4 kilometres (1.5 miles) apart, will allow Iconic to produce a National Instrument 43-101-compliant resource estimate on the lithium-rich sediments of the basin. It will also provide additional bulk samples for further metallurgical testing through St-Georges Eco-Mining Corp.'s independent labs to test the commercial viability of St-Georges Eco-Mining's technology for recovery of lithium and additional byproducts on the property. Further testing through St-Georges Eco-Mining's test program initiative will be incorporated into a preliminary economic assessment report. In addition to the planned deep drill hole, several shallow (less than 100 m or 325 feet) drill holes are planned to test shallow lithium-brine targets. Geophysics completed on additional shallow lithium-brine targets A proprietary geophysical survey has been completed over linear surface lithium geochemical anomalies identified by wide-spaced surface salt sampling. The geophysical survey is specifically designed to identify near-surface faults. Results of the survey are being processed and an interpretation is expected soon. The company plans to drill several of the linear lithium anomalies concurrently with its deep-target drilling program. The above exploration program should be completed in the first quarter of 2018. The Bonnie Claire lithium property characteristics The property is located within Sarcobatus valley that is approximately 30 km (19 miles) long and 20 km (12 miles) wide. The associated drainage basin covers an area of 57 square kilometres (22 square miles). Quartz-rich volcanic rocks, that contain anomalous amounts of lithium, occur within and adjacent to the drainage basin. Geochemical analysis of the local salt flats has yielded lithium values up to 340 parts per million. The gravity low within the valley is 20 km (12 miles) long, the current estimates of the depth to bedrock range from 600 m to 900 m (2,000 feet to 3,000 feet). The current claim block covers the brine-bearing potion of the gravity low as defined by geophysics. Richard Kern, certified professional geologist (No. 11494) and chief executive officer of Iconic, is the qualified person who has prepared and reviewed this press release in accordance with National Instrument 43-101 reporting standards.
