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Iconic Minerals Ltd V.ICM

Alternate Symbol(s):  ICMFF

Iconic Minerals Ltd. is a mineral exploration company focused on acquiring and exploring gold and lithium properties in Nevada and Canada. The Company holds highly prospective gold exploration properties in Nevada with the potential to host both Carlin-type and Round Mountain style gold/silver deposits. The Company, through option agreements, holds 50% interests in the New Pass and Midas South properties located in Nevada. The New Pass Gold Property consisting of about 107 unpatented mineral claims is located in Eastern Churchill County, Nevada. The Midas South property is located in the Ivanhoe Mining District, four miles northwest of the Hollister Deposit. Its lithium properties include Smith Creek Lithium Property and Grass Valley Property. In Smith Creek Lithium Property, it controls about 808 placer claims totaling 25.25 square miles over a major gravity low. The Grass Valley Property is a lithium exploration project consisting of approximately 997 placer claims.


TSXV:ICM - Post by User

Post by donteatbeyond2on Nov 12, 2022 8:05pm
228 Views
Post# 35094240

News Release - Misleading disclosure regarding Bonnie Claire

News Release - Misleading disclosure regarding Bonnie Claire
https://stockhouse.com/news/press-releases/2022/11/11/iconic-issues-clarifying-news-release
 
"The Company retracts the subject disclosure and clarifies that (i) it has not completed a feasibility study; (ii) the PEA is preliminary in nature, it includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the PEA will be realized; and (iii) mineral resources that are not mineral reserves do not have demonstrated economic viability."
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