Iconic Receives Initial Leach Results from Second Drill Hole at Bonnie Claire Lithium 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 Receives Initial Leach Results from Second Drill Hole
at Bonnie Claire Lithium Property
(February 22, 2017) – Iconic Minerals Ltd. (the “Company ” or “Iconic”) (TSX -V: ICM) (OTC :
BVTEF) (FSE: YQGB) is pleased to announce that it has received initial lithium leaching results from
sediments drilled in BC160 2 at its Bonnie Claire project . Four samples (the “Samples”) from different
elevations of the 1,170 feet (357 m) thick , continuously mineralized section of fined grained sediments
show leach recoveries of 83% to 87% Li, leaching with dilute acid and 45% to greater than 56% leaching
with distilled water. Sample depths, lithium content of the original sample, lithium content of the acid
and water leachate, and total recovery are shown in the table below.
Drill Hole BC1602 Sediment
Dilute
Acid Recovery (%)
Deionized
Water
Recovery
(%)
Sample Depth (ft) Li (ppm) Li (ppm) Percent (%) Li (ppm) Percent (%)
820-840 580 480 83 305 53
1120-1140 1000 870 87 525 53
1580-1600 1070 930 87 486 45
1960-1980 1790 1550 87 >1000 >56
Samples were leached with dilute hydrochloric/nitric acid and another set with deionized water , the
leachate was analyzed by Inductively Coupled Plasma (ICP) by ALS Minerals of Reno, Nevada. The
sediment assays average 850 ppm lithium , with the highest lithium value of 1,790 ppm occurring at the
bottom of the hole. It is believed that the lithium-rich sediments continue below the currently drilled
depth. While the acid leach results are interesting, the fact that distilled water recove red an average of
over 51% of the lithium has even greater implications. If plain water can be utilized as a leaching agent,
this should reduce the cost of any potential future production. These results may indicate significant
implications as to how lit hium brine ends up in major faults and intersecting permeable beds at Clayton
Valley. Fresh water moving along these structures may be leaching lithium from the surrounding
sediments and forming the lithium brine produced in the valley.
The lithium brine created by leaching , has between 0.53% and 0.91% magnesium ( Mg) in the acid
leachate, and between 0.38% and 0.60% in the water leach tests. Values for potassium (K) ranged from
0.76% to 1.16% in the acid leachate and 0.47% to 0.87% in the water leach tests. Sodium (Na) ranged
from 1.48% to 3.41% in the acid leachate and 1.15 % to 2.71% in the water leach tests. These values are
similar to naturally occurring lithium brines , and should make the leachate suitable for lithium extracti on
using current production methodology.
It should be emphasized that these are initial tests using high leachate to sample ratios, and the procedure
involves some heating of the solutions. Detailed metallurgy using much larger samples will be conducted
to determine the detailed leaching characteristics of the sediments at Bonnie Claire. These larger scale
tests have been initiated using McClelland Laboratories, Inc., of Sparks, Nevada.
2
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 m iles) 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.
On behalf of the Board of Directors
SIGNED: “Richard Kern”
Richard Kern, President and CEO
Contact: Richard Kern (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.