Iconic Minerals Reports Further Positive Near Surface Gold and Silver Results in Second Batch of Assays from 2026 Drilling Program at New Pass Gold Property, Nevada
Iconic Minerals Reports Further Positive Near Surface Gold and Silver Results in
Second Batch of Assays from 2026 Drilling Program at New Pass Gold Property,
Nevada
Vancouver, British Columbia – September 17, 2026
Iconic Minerals Ltd. (the “Company” or “Iconic”) (TSX‐V: ICM) (OTCQB: ICMFF) (FSE: YQG) announces
that it has received the second batch of assay results for the New Pass gold property (“New Pass” or the
“Property”) in Churchill County, Nevada. Results include gold, silver, and multi‐element assays from six
additional drill holes completed during the 2026 exploration program. The program was designed to test
the up‐dip extensions of known mineralization while infilling s elected deeper sections. The assay results
confirm significant near‐surface intervals of gold and silver mineralization that are not included in the
historic resource. The 2,140‐hectare property is located along a prospective Carlin‐type gold trend
approximately 150 miles (240 km) east of Reno.
The 10 foot (3 meter) sample intervals were submitted to ALS Re no with standards, blanks, and repeat
samples. Five of the six holes r eturned continuous mineralized intervals at or near surface ranging from
30 to 180 feet (9 to 55 m) of gold and silver mineralization (a pproximately 0.35 g/t gold, 0.01 oz/t gold).
The sixth hole encountered 30 feet (9 meters) of gold mineralization significantly deeper but did not
reach the favorable rock unit it was targeting. In addition, si lver grades as high as 42.7 g/t (1.506 oz/t)
were encountered, with four of the approximately 10 foot (3 meter) intervals assaying over 20 g/t (0.705
oz/t) silver (see silver table below gold).
For context, cut‐off gold grades for the oxidized portion of th e Carlin style gold mines Barrick operates
are as low as 0.21 g/t (0.006 oz/ton) as of March 2025. https://minedocs.com/28/Carlin‐TR‐
12312024.pdf The results are shown in the table below. Reported intervals represent downhole
lengths. True widths have not yet been determined, but all hole s were drilled at ‐45 degrees,
approximately perpendicular to the dip of the mineralized limestone host unit.
Hole ID Start (ft) End (ft) Start
(m)
End
(m)
Intercept
Width (ft)
Intercept
Width (m)
Au
(g/t)
Ag
(g/t) Au (oz/t) Ag (oz/t)
NP2605 320 350 98 107 30 9 0.33 4.83 0.012 0.170
NP2612 0 100 0 30 100 30 0.40 4.89 0.014 0.172
NP2613 0 180 0 55 180 55 0.44 3.21 0.016 0.113
Including 110 160 34 49 50 15 0.95 3.32 0.034 0.117
NP2614 0 160 0 49 160 49 0.37 5.49 0.013 0.194
NP2615 0 30 0 9 30 9 0.38 4.03 0.013 0.142
NP2618 0 140 0 43 140 43 0.30 6.49 0.011 0.229
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Hole ID Start (ft) End (ft) Start (m) End (m) Ag (g/t) Ag
(Oz/Ton)
NP2614 60 70 18 21 20.40 0.720
NP2614 190 202 58 62 30.30 1.069
NP2618 130 140 40 43 42.70 1.506
NP2618 150 160 46 49 20.00 0.705
Significant Antimony Intersected, New Data from Previously Reported Drill Hole
In one of two holes targeting deeper mineralization in this exploration program (NP2601), multi‐element
assay analysis revealed a notable antimony intercept. From 79 t o 85 meters (260 to 280 feet), exceeded
the analytical upper detection limit of 1% Sb, with the previous 10 feet (3 meters) assaying 0.26% Sb.
The same interval with over‐limit antimony assay values returne d an average of 1.80 g/t (0.053 oz/ton)
Au and 11.9 g/t (0.335 oz/ton) Ag. This hole’s overall gold and silver assay values were previously
reported. Antimony is a U.S. critical mineral and, therefore, future drilling will likely include further
testing for Sb.
Iconic Minerals’ President and CEO, Richard Kern, stated: "The new gold and silver assay results follow
the trend from the previous batch of assays. The drill program continues to show us the near‐surface
gold and silver mineralization potential initially targeted is a reality.”
New Pass Drilling Exploration Summary
Fifteen core holes have been drilled and the 2026 drill program has been completed. The final batch of
samples has been submitted to ALS for analysis and will constit ute the final gold and silver assays of the
2026 drill program. Initial metallurgical testing will then be undertaken to confirm the leachability of the
m i n e r a l i z e d i n t e r v a l s . B e c a u s e a l l o f t h e h o l e s a r e r e l a t i v e l y shallow, metallurgical recoveries are
expected to be favorable. The multi‐element results will also be examined for potentially recoverable
critical elements . The results will be incorporated into updated geological interpretations to estimate
the potential size and grade of the mineralized extensions. If warranted, additional drilling may be
recommended.
About the New Pass Gold Property
The New Pass Gold Property is located within Nevada’s Basin and Range Province along the highly
prospective Sulfur–Lovelock–Austin structural gold trend, a region recognized for hosting Carlin‐type
gold systems.
The Property was initially explored in 1980, when a stream sedi m e n t a r s e n i c a n o m a l y l e d t o t h e
discovery of a gold‐bearing jasperoid system. Since that time, more than 131,000 feet (40,000 m) of
drilling across 329 drill holes have identified significant int ervals of Carlin‐type gold and silver
mineralization, leading to the delineation of the New Pass Au‐Ag deposit.
The New Pass Au‐Ag deposit represents a classic Carlin‐type sys tem, with mineralization hosted
primarily within silicified rocks and jasperoid developed in decalcified limestone of the Triassic Lower
Augusta Mountain Formation. A major north‐northwest to south‐so utheast trending, west‐dipping
structure separates Triassic ca lcareous rocks from younger Tert iary volcanic rocks and acted as a major
conduit for hydrothermal circulation, alteration, and gold and silver deposition.
The deposit outcrops at surface and has been drilled along appr oximately 0.8 miles (1.25 km) of strike
length, with the deepest pierce point reaching a vertical depth of approximately 1,000 feet (295 m). The
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shallowly west‐dipping tabular deposit remains open along strik e in both directions and at depth,
providing significant exploration potential.
Historic Inferred Resource Summary (Paul D. Noland, CPG, September 3, 2010)
• Total Short Tons: 15,515,488
• Average Grade AuEq: 0.022 oz/ton (0.75 g/t)
• Contained AuEq Ounces: 341, 750
• Average Silver Grade: 0.202 oz/ton (6.93 g/t)
• Contained Silver Ounces: 3,139,054
• Average Gold Grade: 0.018 oz/ton (0.62 g/t)
• Contained Gold Ounces: 282,986
The New Pass deposit hosts a historical inferred mineral resource that demonstrates the scale and
continuity of the mineralized system identified to date. This historical inferred resource contains both
gold and silver mineralization within a near‐surface, oxide‐dominant system. This historical resource
provides a technical foundation for continued exploration, with mineralization remaining open along
strike and at depth.
Historical estimate from NI 43‐ 101 Technical Report 2010, Paul Noland. The historical resource report
was done by a Certified Professional Geologist in compliance wi th NI 43‐101 guidelines. The compliant
Mineral Resource estimate is based on a total of 266 out of 329 drill holes completed between 1982
and 2008 and used VULCAN 3‐D mode ling software to digitize the mineral polygons, triangulate them
i n t o 3 ‐ D s o l i d s , a n d c a l c u l a t e v o l u m e s a n d w e i g h t e d a v e r a g e g r ad e s . T h e t e r m s “ h i s t o r i c a l m i n e r a l
resource” and “historical inferred mineral resource”, have the meanings ascribed to those terms by the
Canadian Institute of Mining, Met allurgy and Petroleum, as the CIM Definition Standards on Mineral
Resources and Mineral Reserves adopted by CIM Council. There ar e no more recent estimates of data
available to the Company. To upgrade or verify the historical e stimate as current mineral resources or
mineral reserves additional drilling, assaying and resource ass essment must be completed. A qualified
person has not done sufficient work to classify the historical estimate as current mineral resources or
mineral reserves; and the issuer is not treating the historical estimate as current mineral resources or
mineral reserves.
Qualified Person
Richard Kern, Certified Professional Geologist, a qualified per son as defined by NI 43‐101, has reviewed
and approved the technical information contained in this news r elease. Mr. Kern is not independent of
the Company as he is the Chief Executive Officer of Iconic.
About Iconic Minerals Ltd.
Iconic Minerals Ltd. is a Nevada‐focused gold exploration company advancing high‐potential assets in
proven mining jurisdictions. The Company’s flagship New Pass Go ld Property hosts a historical inferred
resource with significant expansion potential. Iconic is committed to disciplined exploration, technical
advancement, and unlocking long‐term shareholder value through systematic project development.
On behalf of the Board of Directors
"Richard Kern"
Richard Kern, President and CEO
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Contact:
Keturah Nathe, VP Corporate Development
+1‐604‐336‐8614
For further information, please visit www.iconicminerals.com or contact the number above.
Neither the TSX Venture Exchange nor its Regulation Services Pro v i d e r ( a s t h a t t e r m i s d e f i n e d i n t h e
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news
release.
Cautionary Note Regarding Forward‐Looking Statements
This news release contains forward‐looking statements and forward‐looking information (collectively, "forward‐
looking statements") within the meaning of applicable Canadian and U.S. securities legislation. All statements,
other than statements of historical fact, included herein inclu ding, without limitation, statements with respect to
future operations on the Property, the completion of the Explor ation Program, results of the Joint Venture, and the
future business plans and exploration activities of the Company, are forward‐looking statements. Although the
Company believes that such statements are reasonable, it can gi ve no assurance that suc h expectations will prove
t o b e c o r r e c t . F o r w a r d ‐ l o o k i n g s t a t e m e n t s a r e t y p i c a l l y i d e n t ified by words such as: "will", "believes", "expects",
"anticipates", "intends", "estimates", "plans", "may", "should", "potential", "scheduled" or variations of such words
and phrases and similar expressions, which, by their nature, refer to future events or results that may, could, would,
might or will occur or be taken or achieved. In making the forward‐looking statements in this news release, the
Company has applied several material assumptions, including without limitation, that market fundamentals will
result in sustained precious and base metals demand and prices, the receipt of any necessary permits, licenses and
regulatory approvals, and the future development of the Property in a timely manner.
Forward‐looking statements involve known and unknown risks, unce r t a i n t i e s a n d o t h e r f a c t o r s w h i c h m a y c a u s e
the actual results, performance or achievements of the Company to differ materially from any future results,
performance or achievements expressed or implied by the forward‐looking information. Such risks and other
factors include, among others, operating and technical difficulties in connection with mineral exploration and
development activities, actual r esults of exploration activitie s, including on the Property, requirements for
additional capital, future prices of lithium and gold, changes in general economic conditions, changes in the
financial markets and in the demand and market price for commod ities, lack of investor interest in future
financings, accidents, labour disputes and other risks of the mining industry, delays in obtaining governmental
approvals, permits or financing or in the completion of development or construction activities, risks relating to
epidemics or pandemics, including the impact of such epidemics or pandemics on the business, financial condition
and exploration and development activities of the Company, changes in laws, regulations and policies affecting
mining operations, title disputes, the inability of the Company to obtain any necessary permits, consents, approvals
or authorizations, including acceptance of the TSX Venture Exchange, the timing and possible outcome of any
pending litigation, environmental issues and liabilities, and r isks related to joint venture operations, and other risks
and uncertainties disclosed in the Company's latest Management's Discussion and Analysis and filed with the
Canadian securities regulatory authorities. All of the Company 's Canadian public disclosure filings may be accessed
via www.sedarplus.ca and readers are urged to review these materials.
Readers are cautioned not to place undue reliance on forward‐looking statements. The Company undertakes no
obligation to update any of the forward‐looking statements in this news release or incorporated by reference
herein, except as otherwise required by law.