Iconic Announces 2019 Exploration Plans Bonnie Claire Lithium Project, Nevada
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
Iconic Announces 2019 Exploration Plans Bonnie Claire Lithium Project, Nevada
(April 23, 201 9) – Iconic Minerals Ltd. (“Company” or “Iconic”) (TSX-V: ICM) (OTC:
BVTEF) (FSE: YQGB) has finalized plans for its 2019 drilling program ( the “Drilling Program”)
at Bonnie Claire. Five drill holes averaging 90 meters (300 feet) depth will be drilled in the southern
portion of the project area in an area of anomalous surface lithium values and interpreted faults. Th
e purpose of the Drilling Program is to define shallow lithium mineralization which the Company
can utilize for bulk sampling and extend the resource to the south. If results are favorable, one or
more of the shallow holes will be deepened to +600 meters (2,000 feet) to further enlarge the
resource. A map of the drilling, surface lithium sampling results and interpreted faults can be found
on the Company website (www.iconicmineralsltd.com).
The Drilling Program is located 2 -5 kilometers (1.3 -3.1 miles) so uth of drill hole BC1602 (see
map). The shallow holes will be drilled using a tracked or buggy reverse circulation (RC) rig
suitable for the salt flats being tested. Down-hole sediment samples will be collected continuously
in 6 meter (20 feet) intervals and sent to a geochem lab for analysis.
Drilling will be initiated when the wet season has ended and the salt flats dry sufficiently to allow
access. This year has seen the fourth wettest season in history.
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). Four drill holes have identified an open ended,
43-101 compliant resource of 28.58 billion kilograms of lithium carbonate equivalent. The
drilling that defined the current resource only covered an area of 3.0 km 2 (1.2mi2), while
previously run MT geophysics show a potentially mineralized area of 27.3 km 2 (10.5mi2).
Drilling to date has shown strong correlation between the MT results and the lithium
mineralization. The thickness of the lithium mineralization is unknown, but drilling
indicates it is greater than 600 meters (2,000 feet). The current claim block covers an area
of 57.5 km2 (22.2mi2). Further drilling has been permitted and metallurgy to determine the
most efficient recovery method is currently in progress.
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
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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.