Iconic Updates 2018 Exploration Program at Bonnie Claire 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 Updates 2018 Exploration Program at Bonnie Claire Project, Nevada
(February 21, 2018) – Iconic Minerals Ltd. (TSX-V: ICM) (OTC: BVTEF) (FSE: YQGB) has
filed an amended Notice of Intent ( the “NOI”) with the Bureau of Land Management (BLM) at
the Bonnie Claire Project, located in southern Nevada. The NOI permits the drilling of one deep
drill target (the “BC1801”) to test the grade and thickness of lithium bearing sediments, including
six shallow drill targets (the “Shallow Drill Targets” ) to test near -surface lithium brine targets
defined by broad-spaced surface geochemical sampling and geophysics.
The drilling location of BC1603 is 1,600 meters (5,250 feet) from BC1601 and 1,520 meters
(4,990 feet) from BC1602. Data collected from each of these deep drill holes, will allow Iconic
to produce an NI 43-101 compliant resource report (the “NI 43 -101”) on the lithium -rich
sediments of the basin. In conjunction with collecting geochemical samples for the NI 43-101,
continuous collection of large samples will be completed to provide additional bulk sam ple
material, for further tests utilizing St -Georges Eco-Mining’s (“SX”) new proprietary extraction
and purification technology.
The planned Shallow Drill Targets, located 2,530 meters (8,300 feet) south of BC1603, will be
drilled within a 4,300-meter-long surface lithium anomaly, that extends further south. This large
lithium anomaly contains linear lithium high s, which are thought to be associated with shallow
structures that may host lithium brine. The Shallow Drill Targets will be drilled, on, or near the
interpreted structures.
Drilling of BC1801 at Bonnie Claire will commence as soon as all federal and state permits are
received. Shallow drilling of the brine targets will begin once BC1801 has been drilled.
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 are a 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.
Richard Kern, Certified Professional Geologist (#11494) and CEO of Iconic is the Qualifie d
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
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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.