Iconic Initiates Drilling Program 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.iconicminerals.com
Iconic Initiates Drilling Program at Bonnie Claire Lithium Project, Nevada
Vancouver, B.C. - August 11, 20 20 – Iconic Minerals Ltd. (“Company” or “Iconic” )
(TSX-V: ICM) (OTC: BVTEF) (FSE: YQGB) is pleased to announce that it has
mobilized a drill crew and drilling equipment to the Bonnie Claire Lithium Deposit in
Nevada. The drilling contract was signed with Harris Exploration Drilling of Fallon,
Nevada, for both core and RC drilling.
The exploration program will consist of 3 -5 vertical reverse circulation (RC) holes 90 -
120 meters (300-400 feet) in depth and 2 vertical core holes 90-120 meters (300-400 feet)
in depth (the “Drill Holes ”). The RC drilling will provide additional samples for
metallurgical testing as well as expand the existing resource. The core holes will be the
first drilled on the Bonnie C laire Project, and will be used in engineering studies for a
Preliminary Economic Assessment (PEA).
All of the planned Drill Holes are south of Iconic’s previous deep drilling (BC1601-1801)
in an area of linear lithium anomalies found by surface grid sampling. It is hoped that the
sediment hosted lithium will begin very shallow in this area which may allow for future
bulk sampling using an excavator. In past drilling the shallowest depth of lithium rich
sediments that was inter cepted was at 6 meter s (20 feet) and contained +600 ppm Li,
which increased at depth with Li values up to 2250ppm . In addition to collecting the
sediments for testing , because the surface anomalies may indicate near -surface lithium
brine, preliminary semi -quantitative brine samples will also be taken from all holes
during drilling.
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. Quartz -rich volcanic tuffs, tha t contain anom alous
amounts of lithium, occur within and adjacent to the valley. 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, and the current estimates of depth to ba sement rocks
range from 600 to 1, 200 meters (2,000 to 4,000 fe et). The current claim block covers an
area of 35 km2 (13.5 mi2) with potential to be underlain by lithium-rich sediments.
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.iconicminerals.com
The Company’s public documents may be accessed at www.sedar.com
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