Geochemical Results of Drill Cuttings from Second Drill Hole at Bonnie Claire Extend Area of Highly Anomalous Lithium
ICONIC MINERALS LTD.
Suite 303, 595 Howe Street
Vancouver, B.C. V6C 2T5
Phone: (604) 336-8614 Fax: (604) 718-2808
www.iconicmineralsltd.com
NEWS RELEASE
Geochemical Results of Drill Cuttings from Second Drill Hole at Bonnie Claire
Extend Area of Highly Anomalous Lithium
(January 30, 2017) – Iconic Minerals Ltd. (the “Company” or “Iconic”) (TSX-V: ICM) (OTC: BVTEF)
(FSE: YQGB) is pleased to announce that it has received complete geochemical results from the
sampling of drill cuttings (the “Samples”) taken from BC1602, the second test hole drilled at its Bonnie
Claire project. Commencing at a depth of 82 0 feet ( 250 m) and continuing to the bottom of the hole at
1,990 feet ( 607 m) lithium values average 850 ppm. These highly anomalous results extend the
mineralized zone discovered in hole BC1601. A map showing the location of both drill holes can be
found on the Company’s website.
The Samples were collected in 20 foot ( 6.1 m) intervals , during the drilling of BC1602. This hole is
located approximately 1.43 miles (2.30 km) southeast of BC1601. BC1601 contains an intercept of 1,180
feet (360 m) averaging 1,307 ppm lithium and +500 ppm lithium values begin within 20 feet (6 m) of the
surface. BC1602 contains an intercept of 1,170 feet (357 m) averaging 850 ppm lithium with t he highest
lithium value in BC1602 of 1,790 ppm occurring at the bottom of the hole. The intercept in the second
hole is deeper because of alluvial and beach sand cover. The identical geology and geophysical signatures
of these two mineralized intercepts indicate that lithium bearing sediments occur continuously between
the two drill holes.
The drill cutting s sampling of BC1601 was conducted by an independent geologist following QC
guidelines and shipped to ALS Chemex in Reno, Nevada for analysis . ALS Chemex is an ISO registered
and accredited laboratory.
Initial leach testing of the mineralized intercept from BC1602 is in progress and will be reported when
received.
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.
Iconic’s Bonnie Claire Lithium Property:
The Property is 23,100 acres located within a valley that is approximately 30 km (1 9 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, including
lithium values up to 500 ppm which were performed by USGS (US Geological Surveys) . 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: “Richard Kern”
Richard Kern, President and CEO
Keturah Nathe, VP Corporate Development
Contact: (604) 718-2800 ext 312
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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.