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Iconic Minerals - ICM.V

Discussion in 'Canadian Stocks Message Boards' started by Kayakfan, Dec 14, 2016.

  1. Xa¡on

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    Iconic amends notice of intent for Bonnie Claire

    2018-02-21 20:36 ET - News Release

    Mr. Richard Kern reports

    ICONIC UPDATES 2018 EXPLORATION PROGRAM AT BONNIE CLAIRE PROJECT, NEVADA

    Iconic Minerals Ltd. has filed an amended notice of intent with the Bureau of Land Management (BLM) at the Bonnie Claire project, located in southern Nevada. The NOI permits the drilling of one deep drill target (the BC1801) to test the grade and thickness of lithium-bearing sediments, including six shallow drill targets to test near-surface lithium brine targets defined by broad-spaced surface geochemical sampling and geophysics.

    The drilling location of BC1603 is 1,600 metres (5,250 feet) from BC1601 and 1,520 metres (4,990 feet) from BC1602. Data collected from each of these deep drill holes will allow Iconic to produce a National Instrument 43-101-compliant resource report on the lithium-rich sediments of the basin. In conjunction with collecting geochemical samples for NI 43-101, a continuous collection of large samples will be completed to provide additional bulk sample material for further tests utilizing St-Georges Eco-Mining's new proprietary extraction and purification technology.

    The planned shallow drill targets, located 2,530 metres (8,300 feet) south of BC1603, will be drilled within a 4,300-metre-long surface lithium anomaly, that extends farther south. This large lithium anomaly contains linear lithium highs, which are thought to be associated with shallow structures that may host lithium brine. The shallow drill targets will be drilled on, or near, the interpreted structures.

    Drilling of BC1801 at Bonnie Claire will commence as soon as all federal and state permits are received. Shallow drilling of the brine targets will begin once BC1801 has been drilled.

    The Bonnie Claire lithium property characteristics

    The property is located within Sarcobatus Valley that is approximately 30 kilometres (19 miles) long and 20 km (12 miles) wide, and 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, and the current estimates of the depth to bedrock range from 600 to 900 metres (2,000 to 3,000 feet). The current claim block covers the brine-bearing portion 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.
     
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    Iconic Announces TSX Venture Exchange Acceptance to Exclusive Licensing Agreement for Nevada Lithium Operations

    (April 4, 2018) – Iconic Minerals Ltd. (the “Company” or “Iconic”) (TSX V: ICM) (OTC: BVTEF) (FSE: YQGB) is pleased to announce that it has received final acceptance from the TSX Venture Exchange to the entering into of an exclusive definitive licensing agreement (the “Agreement”) with St-Georges Eco-Mining Corp. (“St-Georges” or “SX”) to utilize its proprietary lithium extraction, purification and processing technology (refer to News Release December 7, 2017).

    In consideration for the licensing rights, the Company has agreed 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”), which, when issued, 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.
      Any Compensation Shares that are issued will be subject to a hold period under applicable Canadian securities laws expiring four months and a day from the date of issuance.
    The transaction is a non-arm's-length transaction as the company and St-Georges both have the same chief financial officer.

    The Company will disseminate further News Releases when any Compensation Shares are issued.

    On behalf of the Board of Directors

    SIGNED: “Richard Barnett”
    Richard Barnett, CFO and Secretary
    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
     
  5. Xa¡on

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    Iconic Receives State of Nevada Approval for Deep Drill Hole at Bonnie Claire Project, Nevada

    (April 5, 2018) – Iconic Minerals Ltd. (TSX V: ICM) (OTC: BVTEF) (FSE: YQGB) has received an approval letter from Nevada’s Division of Minerals to drill a deep drill hole at the Bonnie Claire Project, located in southern Nevada. The Company has already permitted the hole with the Bureau of Land Management (BLM). A drilling contractor has been chosen and drilling will commence as soon as Iconic completes its current round of financing.

    The State permit, called a “Notice of Intent to Drill Dissolved Mineral Resource Exploration Borehole”, will allow the Company to drill up to 610 meters (2,000 feet) to test the grade and thickness of lithium bearing sediments and also sample brines intersected by the drill hole. A mud-rotary drilling rig will be used to drill a vertical hole. Harris Exploration Drilling will be the contractor. Sediment samples will be collected in 3 meter (10 feet) intervals for assaying by ALS Chemex. A second set of larger samples will be collected for bulk sample metallurgy. This work will be completed by St-Georges Eco-Mining Corp. Downhole geophysics will be conducted to help identify favorable brine host rock and then down hole brine sampling done. Brine samples will be analyzed by Western Environmental Testing Laboratory.

    Using this drill hole and two other deep holes drilled previously, Iconic plans to produce an NI 43-101 compliant resource report. Although the three holes test only a small portion of the basin, based on results from the previous two deep holes that were drilled, the Company is anticipating a sediment resource of significant size. The area of the triangle formed by the three deep holes equals 1,212,100 square meters (12,046,900 square feet). The drilled thickness of the +1,000 ppm lithium sediments ranges from 300 meters (1,000 feet) to 460 meters (1,500 feet) in the two holes drilled to date.

    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.
     
  6. Xa¡on

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    Iconic Schedules Deep Drill Hole at Bonnie Claire Project, Nevada

    (May 8, 2018) – Iconic Minerals Ltd. (TSX‑V: ICM) (OTC: BVTEF) (FSE: YQGB) has signed a contract to drill a deep drill hole at the Bonnie Claire Project, located in southern Nevada. This hole will be the third deep hole and allow the Company to do a resource analysis of the sediment hosted lithium discovered in 2016. Drilling will commence on May 15th, 2018.

    A contract has been signed with Harris Exploration Drilling of San Diego, California. Using a mud-rotary rig the hole will be drilled vertically 610 meters (2,000 feet) if conditions allow. It will test the grade and thickness of lithium bearing sediments and also sample brines intersected by the drill hole. Sediment samples will be analyzed by ALS Chemex of Reno, Nevada. Brine samples will be analyzed by Western Environmental Testing Laboratory of Reno. Bulk sediment samples will also be collected and shipped to St-Georges Eco-Mining Corp. of Montreal for further metallurgical testing. Matt Vitale of South Lake Tahoe, California will be the consulting hydrologist for the drilling.

    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.
     
  7. Xa¡on

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    Iconic starts drilling 3rd deep drill hole at Bonnie

    2018-05-16 11:08 ET - News Release


    Mr. Richard Kern reports

    ICONIC INITIATES 3RD DEEP DRILL HOLE AT BONNIE CLAIRE LITHIUM PROJECT, NEVADA

    Iconic Minerals Ltd. has begun drilling its third deep drill hole at the Bonnie Claire project, located in southern Nevada. The hole has a planned depth of 610 metres (2,000 feet).

    Harris Exploration Drilling of San Diego, Calif., is using a Schramm 685 track-mounted drill rig for this hole. The hole designation is BC1801. The rig will drill vertically using mud-rotary drilling methods, producing a drill hole 11.4 centimetres (4.5 inches) in diameter. Drilling, sampling and postdrilling downhole geophysics, and water sampling are expected to take approximately four to six weeks.

    Using this drill hole and two other deep holes drilled previously, Iconic plans to produce a National Instrument 43-101 compliant resource report. The first two holes drilled, which are approximately 2.4 kilometres (1.5 miles) apart, contain over 300 metres (1,000 foot) intercepts of sediment containing over 1,000 parts per million Lithium. This third hole will be 1.6 kilometres (one mile) from BC1601 and 1.5 kilometres (0.9 mile) from BC1602. Work on the NI 43-101 will commence once all drilling data has been received.

    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 to 900 metres (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 (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.
     
  8. Xa¡on

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    ICONIC COMPLETES 3RD DEEP DRILL HOLE AT BONNIE CLAIRE LITHIUM PROJECT, NEVADA

    Vancouver, British Columbia--(Newsfile Corp. - June 13, 2018) - Iconic Minerals Ltd. (TSXV: ICM) (OTC Pink: BVTEF) (FSE: YQGB) has completed its third deep drill hole at the Bonnie Claire Project, located in southern Nevada. Located 1.6 kilometers (1.0 mile) from BC1601 and 1.5 kilometers (0.9 miles) from BC1602 hole BC1801 (the "BC1801") was drilled to a depth of 567 meters (1860 feet) and intersected large thicknesses of green, clay-rich sediments, that contained high lithium content, similarly found in the first two deep holes drilled.

    Harris Exploration Drilling of San Diego, California, completed BC1801, using mud-rotary drilling methods. Difficult drilling conditions associated with massive clay horizons deep in the hole led management to a decision to end the drilling short of the 610 meter (2,000 feet) drill target depth. Assay and bulk metallurgical samples of the sediments were collected in 20 foot (6.1 m) intervals. Despite the samples being exposed to contamination from the drilling mud and injected water, samples of water/brine were also collected through the extent of the drill hole. These water/brine samples will be filtered and assayed for lithium and boron to help identify zones which will be targeted for detailed brine sampling. Once all sediment sample results are received the Company will begin work on an NI 43-101 resource using the three deep hole drilled to date.

    Samples for assay are being securely transported to the geochem labs for further analysis. The drill hole is currently being cleaned of drill mud and cased with perforated PVC casing. After allowing the drill hole to stabilize, downhole geophysics and brine sampling will be performed. The bulk samples will then be shipped to St-Georges Eco-Mining Corp of Montreal for further metallurgical testing, utilizing their propriety technology.

    The drill hole intersected gravel to 24 meters (80 feet), sand and clay zones to 43 meters (140 feet) and then clay dominates. Deeper permeable sand/silt/tuff horizons were identified at 145-171 meters (475-560 feet), 189-194 meters (620-635 feet) and 312-319 meters (1,025-1,045 feet). Green clay was most abundant with lesser brown and black clay. Detailed lithologic logging is still in progress.

    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.
     
  9. Xa¡on

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  10. Xa¡on

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    Iconic Minerals receives Bonnie Claire 3rd hole assays

    2018-08-01 10:28 ET - News Release


    Mr. Richard Kern reports

    ICONIC RECEIVES DEEP HOLE SEDIMENT ASSAYS & INITIATES RESOURCE STUDY AT BONNIE CLAIRE LITHIUM PROJECT, NEVADA

    Iconic Minerals Ltd. has received 50-element ICP (induced coupled plasma) analysis of sediment samples from its third deep drill hole at the Bonnie Claire project located in southern Nevada. From 79 metres (260 feet) to a total depth of 567 metres (1,860 feet), drill hole BC1801 averaged 921 parts per million lithium. A National Instrument 43-101-compliant resource report has been initiated using Global Resource Engineering Ltd. of Denver Colorado.

    Following strict quality control measures, the drill hole samples were transported to ALS Chemex of Reno, Nevada, which performed the analysis using ICP. Sample standards and coded repeat samples were included to check the integrity of the results. All standards and repeat samples are within quality control limits. Much of the sediments contain +1000 ppm lithium and the bottom sample contained 1,310 ppm lithium, indicating lithium-rich sediments probably continue. Other elements in the BC1801 hole with concentrations that may be amenable to recovery include boron and potassium. Bulk samples of the sediments, also collected as the hole was drilled, are being prepared for shipment to St-Georges Eco-Mining Corp of Montreal for further metallurgical testing utilizing their propriety technology.

    Brine sampling of BC1801 will take place this week, now that the hole fluids have returned to their natural state. Additional shallow drilling is planned south of the current resource to expand the resource, find shallow lithium-rich sediments for further bulk testing using an excavator and to test for shallow lithium brine. See the location map of these drill holes on the Iconic website at www.iconicminerals.com.

    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.
     
  11. Xa¡on

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    Iconic Minerals earns 100% interest in Bonnie Claire

    2018-08-29 13:15 ET - News Release


    Mr. Richard Barnett reports

    ICONIC EARNS 100% OF BONNIE CLAIRE LITHIUM PROJECT AND EXTENDS HERCULES GOLD PROJECT, NEVADA

    Iconic Minerals Ltd. has now paid all required expenditures and completed all work requirements to earn 100 per cent in the mineral claims at Bonnie Claire, Nevada, that were the subject of the original agreement with Great Basin Resources Inc. Upon completion of the expenditures and all work requirements, the option is deemed exercised and the Vendor will transfer ownership in the property to Iconic except for the following:

    a 4.5% Net Smelter Return payable to the Vendor and or it's designated assignees with respect to the Property, 1.5% of which Iconic shall have the right to buy back from the Vendor within 90 Days of the Property going into production for USD$2,000,000, and an additional 1.5% of which Iconic shall have the right to buy back from the Vendor within 180 days of the Property going into production for USD$4,000,000; and

    a cash payment of USD$1,000,000 upon the property attaining commercial production.The Company has also paid the 2018 annual Bonnie Claire claims maintenance fees to the Bureau of Land Management and Nye County in Nevada.

    Further, the Company has amended the terms of the Hercules gold project earn-in agreement in Nevada by extending its required payments and work expenditures by two years.

    Under the terms of the amended agreement, the Company has the following requirements: cash payments and exploration expenditure commitments began in April 2015 and are payable as follows:

    Cash payments required Payment
    On or before April 20, 2015 (Paid) US $20,000
    On or before November 17, 2015 (Paid) 20,000
    On or before November 17, 2016 (Paid) 20,000
    On or before November 17, 2019 then annually from 2020-2033 with increase tied to inflation 50,000


    Exploration expenditures to be incurred Expenditures
    On or before November 17, 2015 Incurred US $350,000
    On or before November 17, 2016 Incurred 450,000
    On or before November 17, 2019 550,000
    On or before November 17, 2020 750,000
    On or before November 17, 2021 1,000,000
    Total expenditures required US $3,100,000


    The Company has also paid the 2018 annual Hercules project claims maintenance fees to the Bureau of Land Management and Lyon County in Nevada.

    The property is subject to a 3% net smelter royalty ("NSR"), payable to a company with a common director.

    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.

    The Hercules Gold Property Characteristics:

    The Property is located approximately 25 miles (40 km.) south of Reno, Nevada near the historic Comstock mine. The property has been explored as a low-sulfidation epithermal high-grade Au-Ag vein and bulk-minable disseminated target. Work completed on the Property to date includes 263 drill holes totaling 57,538.5 feet (17,537.7m), trenching, soil, and rock chip sampling, underground sampling geophysical surveys, and preliminary metallurgical studies. As a result, 4 main Au-Ag mineralized areas known as Hercules, West Cliffs, Northeast, and Loaves have been defined on the Property. A historic non-NI43-101 resource exists for the project which needs to be updated with additional drilling. All permits are in place which will allow additional exploration.

    Richard Kern, Certified Professional Geologist (#11494) and CEO of Iconic is the Qualified Person who has reviewed this press release in accordance with NI 43-101 reporting standards.
     
  12. Xa¡on

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    Iconic Update on Exploration Activity at Bonnie Claire Lithium Project, Nevada
    Vancouver, British Columbia--(Newsfile Corp. - September 4, 2018) - Iconic Minerals Ltd. ("Company" or "Iconic") (TSXV: ICM) (OTC: BVTEF) (FSE: YQGB) has hosted a field inspection by Global Resource Engineering of Denver, Colorado who are conducting a NI 43-101 compliant resource study of the Bonnie Claire Project ("Project" or "Bonnie Claire"). Bulk samples of the sediments from BC1801 have been collected as the hole was drilled and shipped to St-Georges Eco-Mining Corp ("St-George") of Montreal for further metallurgical testing. Additional shallow drilling will soon be conducted to find shallow lithium-rich sediments for further bulk testing using heavy equipment.

    Global Resource Engineering ("GRE") visit to Bonnie Claire, which commenced on August 24th , toured the greater property area, inspected drill sites and surface sample locations, checked drill logs against chip trays, as well as taking samples of both surface salts and drilled sediments to check against the results. GRE is primarily using the three deep drill holes, BC1601, BC1602 and BC1801, that were drilled on the Project, to calculate a resource estimate on Bonnie Claire. The three drill holes are located 1.6 kilometers (1.0 miles) to 2.4 kilometers (1.5 miles) apart, each contain +300 meters (+1,000 feet) of sediments with an overall average grade greater than 1,000 ppm lithium. GRE also visited the area south of the Project's drill holes and studied a broad region of linear surface lithium highs found by surface grid salt sampling. This area, along with one shallow drill hole ("BC1701") completed in 2017, has potential for near-surface lithium-rich sediments and possible lithium brine. An NI 43-101 resource report can be expected to be completed by GRE in 3-5 weeks.

    Bulk samples of the sediments taken from the third deep hole ("BC1801"), have been shipped to St-Georges in Montreal for further metallurgical testing. This work will be used to determine the optimal economically feasible method of recovering lithium, and additional commercially viable elements derived from the Bonnie Claire sediments. Results from St-Georges tests are estimated for completion within five weeks.

    Final exploration plans are being formulated for five 90 meters (300 feet) deep drill holes to test shallow lithium-rich sediments under linear surface lithium highs at Bonnie Claire. If successful, the area will become a source for further bulk sampling for pilot plant studies, requiring large amounts of sediment. In addition to the ongoing metallurgical work and shallow drilling the longer-term plan is to drill one deep core hole up to 1,200 meters (4,000 feet) deep to determine the vertical extent of the lithium-rich sediments. After the core hole is drilled, ten to fifteen deep mud-rotary holes, spaced roughly 1.6 km (1.0 miles) apart, are planned to greatly expand the soon to be reported resource.

    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 is larger than the drainage basin at Clayton Valley to the north. Quartz-rich volcanic tuffs, that contain anomalous amounts of lithium, occur within and adjacent to the valley. 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, and the current estimates of depth to basement rocks range from 600 to 1,200 meters (2,000 to 4,000 feet). The current claim block covers an area of 35 km2 (13.5 mi2) with potential to be underlain by lithium-rich sediments.

    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.
     
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    Below an excerpt from St-Georges Eco-Mining Corp. September Monthly Progress Report
    https://webfiles.thecse.com/MonthlyReportSXSeptember2018.pdf?oLILrl7GDeUYV0aV5eUIbKHvinL.cxAA

    Lithium Extraction from mud.


    "The company received additional bulk material from Iconic Mineral’s Bonnie Claire lithium project. The material consisted of dried brines and mud. St-Georges metallurgical work has already determined that the bulk of the lithium is located in the super fine particles allowing to separate the agglomerated fines with a mechanical process prior to passing it through SX process, improving potentially the % of recovery of the Li and reducing significantly the overall mineral material being processed. If successful, the company believes that it could be able to avoid processing potentially more than 80% of the clay and reduce water needs as well as chemicals used by a great proportion. St-Georges is expecting to have the prescreened material sent to independent labs to run its proprietary flow sheet for independent validation during the month of October for results before the end of the year."
     
  14. Xa¡on

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    [​IMG]

    Iconic Announces Completion of Resource Report on Bonnie Claire Lithium Project, Nevada




    (November 1, 2018) – Iconic Minerals Ltd. (“Company” or “Iconic”) (TSX‑V: ICM) (OTC: BVTEF) (FSE: YQGB) is pleased to announce it has completed a NI 43-101 technical resource study of the Bonnie Claire Project (“Project” or “Bonnie Claire”). The report defined an Inferred resource of 5.370 billion kilograms (kg) or 11.839 billion pounds of (LCE). The lithium carbonate equivalent consists of lithium carbonate and lithium chloride. The average grade of the current resource is 963 ppm lithium.

    Highlights:

    • The resource is outlined by 3 deep and 1 shallow drill holes. The resource is open in all directions
    • The deposit is essentially flat lying, continuous, and begins near-surface in the central part of the deposit.
    • Early initial metallurgy showed leach recoveries of 83% to 98% Li, leaching with dilute acid and 11% to 56% leaching with distilled water.
    • An additional 10 drill holes are needed to move the resource to Indicated or higher category.

    Details:

    The National Instrument 43-101 Mineral Resource Estimate will be filed on SEDAR within 45 days and carries an Effective Date of October 30, 2018. The report resource was estimated by Terre Lane, MMSA Qualified Professional and SME Registered Member, of Global Resource Engineering Ltd. (GRE) of Denver, Colorado. GRE has extensive experience in the resource estimation, mining, and extraction of sedimentary-hosted deposits.

    The mineral resource estimate incorporates geologic and assay results from drilling of four drill holes done by Iconic in 2016 to 2018.The four drill holes, total 1,737.4 meters (5,700 feet), with an average depth of 434.4 meters (1,425 feet) per hole. Assaying was performed using 6.096-meter-long (20-foot-long) sample intervals by ALS Chemex of Reno, Nevada. GRE created 100-meter composites at consistent elevations between the four drill holes. GRE modeled the composite grades into the 2000-meter diameter maximum area surrounding each drill hole, assuming a constant distribution of grade throughout each 100-meter interval. Using estimated mining and processing costs GRE estimated a cutoff grade of 400 ppm lithium. The results are as follows:

    Table 14‑2: Summary of Bonnie Claire Lithium Project Inferred Mineral Resource Estimate (1,000,000s)

    Cutoff Grade Tonnes Above Cutoff Lithium Above Cutoff (kg) Grade Li (ppm)
    400
    5,574 5,370 963

    Additional cutoffs and grades can be found in the NI43-101 Technical Report filed on SEDAR

    At a cutoff of 400 ppm lithium there are 5,574,000,000 tonnes above cutoff containing 5,370,000,000 kilograms (kg) (11,839,000,000 billion pounds) of lithium carbonate equivalent (LCE).

    Readers are advised that Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability under NI 43-101.

    Bulk sample metallurgy is currently being conducted by St-Georges Eco-Mining Corp of Montreal and results are expected shortly. Additional drilling to expand and further define the resource is currently in the planning stage.

    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. Quartz-rich volcanic tuffs, that contain anomalous amounts of lithium, occur within and adjacent to the valley. 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, and the current estimates of depth to basement rocks range from 600 to 1,200 meters (2,000 to 4,000 feet). The current claim block covers an area of 35 km2 (13.5 mi2) with potential to be underlain by lithium-rich sediments.

    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.
     
  15. Xa¡on

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    Below an excerpt from St-Georges Eco-Mining Corp. October Monthly Progress Report
    https://webfiles.thecse.com/MonthlyReportSXOctober2018.pdf?IekfpsP96qCiHYvkmEMFmIVfotzR38Xt

    "Lithium Extraction from mud and clay.

    The company continues to work on Iconic Mineral’s Bonnie Claire lithium project clay material.

    St-Georges’ metallurgists have successfully separated all particles under 5 microns where most of the lithium resides.

    Crystalline evaluation is currently being performed. The objective at this stage is to be able to add density and sizing to further improve the lithium separation. Independent chemical analysis will be performed over the next few weeks and the company will resume concentrating the lithium further. St-Georges metallurgists have set their objectives to a minimum steady 4:1 concentration in order to consider this stage of process development successful.

    The preliminary positive development of the fines concentration, a task traditionally difficult to do with clay, is encouraging. The next work phase will move from the purification of the lithium to studying the potential monetization of
    by products such aspotassium sulphate commonly used has fertilizer"
     
  16. Xa¡on

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    Iconic Announces Revision to November 1st Press Release

    Vancouver, British Columbia--(Newsfile Corp. - November 5, 2018) - Iconic Minerals Ltd. (TSXV: ICM) (OTC Pink: BVTEF) (FSE: YQGB) ("Company" or "Iconic") would like to revise the November 1, 2018 news release, where there was an understatement relating to the inferred resource at its Bonnie Claire Project in Nevada. For clarification, the previously announced resource of 5.370 billion kilograms (kg) or 11.839 billion pounds of lithium carbonate equivalent (LCE), is in fact 11.839 billion pounds of elemental lithium. The 5.370 billion kg resource is equivalent to 28.584 billion kilograms (28.584 million tonnes) of LCE. The significance of this differentiation is that converting elemental lithium to LCE produces a much larger resource. Lithium is typically produced and sold as lithium carbonate. Therefore, resources are usually given as LCE.

    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. Quartz-rich volcanic tuffs, that contain anomalous amounts of lithium, occur within and adjacent to the valley. 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, and the current estimates of depth to basement rocks range from 600 to 1,200 meters (2,000 to 4,000 feet). The current claim block covers an area of 35 km2 (13.5 mi2) with potential to be underlain by lithium-rich sediments.

    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.iconicminerals.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.
     
  17. Xa¡on

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  18. Xa¡on

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    Iconic Announces Filing of NI 43-101 Technical Report on its Bonnie Claire Project, Nevada

    Vancouver, British Columbia--(Newsfile Corp. - November 26, 2018) - Iconic Minerals Ltd. (TSXV: ICM) (OTC Pink: BVTEF) (FSE: YQGB) ("Company" or "Iconic") announces further to its News Release dated November 1, 2018, that the Company has filed the National Instrument 43-10 technical report titled "Mineral Resource Estimate Technical Report, Bonnie Claire Lithium Project, Nye County, Nevada" dated effective September 15, 2018, prepared by Global Resource Engineering, Ltd., which will be available under the Company's profile on the SEDAR website (www.sedar.com).

    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. Quartz-rich volcanic tuffs, that contain anomalous amounts of lithium, occur within and adjacent to the valley. 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, and the current estimates of depth to basement rocks range from 600 to 1,200 meters (2,000 to 4,000 feet). The current claim block covers an area of 35 km2 (13.5 mi2) with potential to be underlain by lithium-rich sediments.

    On behalf of the Board of Directors

    SIGNED: "Richard Barnett"

    Richard Barnett, CFO
    Contact: Keturah Nathe, VP Corporate Development (604) 336-8614

    For further information on ICM, please visit our website at www.iconicminerals.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.
     
  19. Xa¡on

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    https://webfiles.thecse.com/MonthlyReportSXNovember2018_.pdf?T1gXSjrGn10sSk1sKavMqJaxNc6wl.aF

    Lithium Extraction from clay.

    At the time of this Monthly Report the company metalurgical team has received all the results and milestones reports expected from third party laboratories and industrial equipment vendors enrolled in the development and testing effort and are analysing and compiling the information in order to deliver a detailed confidential report about its findings and recommendations with regards to the phase 1 of the extraction process to Iconic Minerals."
     
  20. Xa¡on

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    https://ceo.ca/@thenewswire/st-georges-lithium-in-clay-extraction-technology-update

    St-Georges Lithium-In-Clay Extraction Technology Update
    (TheNewswire)

    [​IMG]

    [​IMG][​IMG]
    Montreal, QC / TheNewswire / December 20, 2018 – St-Georges Eco-Mining Corp. (CSE: SX) (OTC: SXOOF) (FSE: 85G1) is pleased to provide an update on the development of its lithium-in-clay extraction technology.

    Successful selective leaching to remove Magnesium Oxide (MgO) and Calcium Oxide (CaO) was achieved. This allows the potential recovery of High Purity MgO and eliminates the need for membranes and other purification steps required to make high purity lithium that can be used to make lithium carbonate, lithium hydroxide and/or lithium metal.

    “(…) Selective leaching of Magnesium, Calcium and Sodium is an interesting breakthrough that helps to make the down stream processing for lithium purification simpler with fewer challenges on water/acid balances, reduction in chemical usage and lower energy requirements. (…) We are still investigating converting problem elements into valuable salable by-products helping our cost structure and ecological focus (…)” said Enrico Di Cesare, St-Georges’ Vice-President Research & Development.

    St-Georges tested its metallurgical process in a simulated industrial environment using large quantity of material received in September from the Bonnie Claire deposit owned 100% by its partner Iconic Minerals Ltd. (TSX-V: ICM). Approximately 100kg of Bonnie Claire material was used in the current test phase. 5 independent laboratories participated in the effort. The initial mechanical separation step was tested with an equipment vendor in Pennsylvania. The results show that 55% of the mass can be removed while concentrating the lithium without the use of water and chemicals.

    St-Georges is working on the filing of two provisional patents in relation to the first phase of development of the process. Further testing is underway to optimize and firm up the patent applications. The current developments simplify and improve the process flow sheet. It eliminates the need to use membranes and it is expected to decrease total chemicals used.

    In mutual agreement with Iconic Minerals, St-Georges’ management is revising the initial planning allowing to accelerate the development of the technology and should deliver a report to Iconic in January that will include elements that were initially expected in the second development report. Additional testing is currently underway for that purpose. St-Georges also expects to issue an additional press release in early January after it receives the results to the verification tests that it has just commissioned following this potential breakthrough.

    Joel Scodnick, P.Geo, and Herb Duerr, P.Geo both qualified persons under NI 43-101 have reviewed and approved the technical content of this release.

    ON BEHALF OF THE BOARD OF DIRECTORS

    “Frank Dumas”

    FRANCOIS (FRANK) DUMAS, DIRECTOR & COO

    About St-Georges

    St-Georges is developing new technologies to solve the some of the most common environmental problems in the mining industry.

    The Company controls directly or indirectly, through rights of first refusal, all of the active mineral tenures in Iceland. It also explores for nickel on the Julie Nickel Project & for industrial minerals on Quebec's North Shore and for lithium and rare metals in Northern Quebec and in the Abitibi region. Headquartered in Montreal, St-Georges' stock is listed on the CSE under the symbol SX, on the US OTC under the Symbol SXOOF and on the Frankfurt Stock Exchange under the symbol 85G1.

    The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.

    Copyright (c) 2018 TheNewswire - All rights reserved.
     

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