Iconic Initiates 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 Initiates 3rd Deep Drill Hole at Bonnie Claire Lithium Project, Nevada
(May 16, 2018) – Iconic Minerals Ltd. (TSX-V: ICM) (OTC: BVTEF) (FSE: YQGB) has
begun drilling its third deep drill hole at the Bonnie Claire P roject, located in southern Nevada.
The hole has a planned depth of 610 meters (2,000 feet).
Harris Exploration Drilling of San Diego, California is using a Schramm 685 track mounted drill
rig for this hole. The hole designation is BC1801. The rig will drill vertically using mud-rotary
drilling methods, producing a drill hole 11.4 centimeters (4.5 inches) in diameter. Drilling,
sampling and post drilling down-hole geophysics, and water sam pling are expected to take
approximately 4-6 weeks.
Using this drill hole and two other deep holes drilled previous ly, Iconic plans to produce an NI
43-101 Compliant Resource Report (the “43-101”). The first two holes drilled, which are
approximately 2.4 kilometers (1.5 miles) apart contain +300 met er (1,000 foot) intercepts of
sediment containing +1,000 ppm Lithium. This third hole will be 1.6 kilometers (1.0 miles) from
BC1601 and 1.5 kilometers (0.9 miles) from BC1602. Work on the 43-101 will commence once
all drilling data has been received.
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 l ithium, 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 f eet). 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 acco rdance with NI 43-101 reporting
standards.
On behalf of the Board of Directors
“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
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and actual results and future events could differ materially fr om those anticipated in such
statements. Iconic expressly disclaims any intention or obligat ion 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.