Iconic Completes 3rd Deep Drill Hole at 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 Completes 3rd Deep Drill Hole at Bonnie Claire Lithium Project, Nevada
(June 13 , 201 8) – Iconic Minerals Ltd. (TSX-V: ICM) (OTC: 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 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 i n 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 con tamination 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, d ownhole 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 permeabl e 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 are a 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”
2
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.