Iconic Completes Shallow Drilling of Lithium Brine Target at Bonnie Claire Property
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 Shallow Drilling of Lithium Brine Target
at Bonnie Claire Property
(May 23, 2017) – Iconic Minerals Ltd. (the “Company” or “Iconic”) (TSX-V: ICM) (OTC: BVTEF)
(FSE: YQGB) 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 1 60 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 f oot (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 ti res, 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 Ren o, 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). Q uartz-
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.
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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.