Iconic Finds Highly Anomalous Lithium in Surface Salts at Southern Target and Expands Survey 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 Finds Highly Anomalous Lithium in Surface Salts at Southern Target and Expands Survey
at Bonnie Claire Property
(June 5, 2017) – Iconic Minerals Ltd. (the “Company” or “Iconic”) (TSX -V: ICM) (OTC : BVTEF)
(FSE: YQGB) is pleased to announce that it has received results from surface salt sampling of two
lithium brine targets at its Bonnie Claire project . The Southern Target geochemistry shows very
anomalous lithium values along most of the 1,000 feet (328 m) surveyed. The open- ended anomaly
indicates potential for shallow lithium brine p ools that may occur over a much larger area than the fault
hosted target the survey was designed to test. A grid sampling program over a much larger area has been
designed to determine the extent of the lithium bearing salts.
The Southern Target consists of a north -south fault identified by a Magneto Telluric (MT) survey. An
east west line of salt samples was taken across the inferred fault for 1,000 feet (328 m) using 100 foot (33
m) sample spacing. The results show very anomalous Li values along most of the line with the opposite
ends of the line assaying 210 and 150 ppm Li. Although the fault may be contributing to the anomalous
lithium, it is our opinion that the anomaly is too broad to be explained by the fault alone. We believe it is
more likely that the anomaly is associated with more extensive near-surface lithium brine. The Northern
Target geochemical line was run north-south across a major east-west fault. The 2,500 foot (760 m) long
line had much lower Li values than the Southern Target and contained no significant anomaly spikes.
Surface water and near -surface water at Bonnie Claire flow to the lowest part of the valley. This area is
located just south and east of the Southern Target. These lower pH waters have the ability to leach
lithium from valley sediments as they flow south. Possibly becoming lithium brine, these solutions could
collect in stratigraphic lows as brine pools. The Company’s MT survey does indicate there is shallow
brine in this area. At Clayton Valley, initial mining was from shallow brine pools located in the vicinity
of the topographic low at the north end of the valley.
Iconic has designed a 3.4 square mile (8.9 km 2) surface salt grid sampling program to furthe r define the
extent of highly anomalous lithium values at the Southern Target. Once complete, drilling targets will be
identified and tested.
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.
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.
2
On behalf of the Board of Directors
SIGNED: “Richard Kern”
Richard Kern, President and CEO
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.