Iconic Initiates 2018 Exploration Program at Bonnie Claire Project, Nevada and Grants Stock Options
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 Initiates 2018 Exploration Program at Bonnie Claire Project, Nevada
and Grants Stock Options
(January 9, 2018) – Iconic Minerals Ltd. (TSX-V: ICM) (OTC: BVTEF) (FSE: YQGB) has
initiated its 2018 exploration program at the Bonnie Claire Project located in southern Nevada.
The primary goals of the program are to produce an NI43-101 compliant initial resource report on
the lithium-rich sediments of the basin and provide additional bulk samples for further tests
utilizing St-Georges Eco-Mining’s (“SX”) new proprietary extraction and purification technology.
Drilling permits for the project are being amended to allow some adjustment in the location of
Iconic’s third deep hole to increase the resource area. This hole has a proposed depth of 450
meters (1,500 feet) using mud-rotary drilling. All drill cuttings will be collected using 3 meter (10
foot) sample intervals and multi-element analysis done on each sample. The bulk samples will be
securely stored and shipped to SX’s labs as needed to advance to defining the resource at Bonnie
Claire.
Additional Shallow Lithium Brine Targets
Surface sampling in the southern portion of the project area at Bonnie Claire continues to define
linear lithium high anomalies thought to be associated with shallow structures that may host
lithium brine. After additional work, including geophysics, several shallow drill holes will be
permitted to test the interpreted faults.
If significant lithium brines are discovered they will be incorporated into St -George’s ongoing
lithium recovery testing program.
Grant of Stock Options
The Company further announces the grant, pursuant to its 10% Rolling Stock Option Plan that
was ratified and approved by shareholders on February 16, 2017 and accepted for filing by the
TSX Venture Exchange (the “TSX-V”) on February 22, 2017, of options to certain eligible
directors, officers and consultants to purchase a total of 3,000,000 common shares, exercisable in
whole or in part on or before January 8, 2020 at an exercise price of $0.25 per share.
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 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.
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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: 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.