Business
Iconic Initiates First Phase of Exploration Program at New Pass Gold Property, Nevada
Vancouver, British Columbia--(Newsfile Corp. - May 8, 2026) - Iconic Minerals Ltd. (TSXV: ICM) (OTCQB: ICMFF) (FSE: YQG) (the "Company" or "Iconic") announces that the preparations for a major drilling program are complete at the New Pass gold property ("New Pass" or the "Property") in Churchill County, Nevada and that American Drilling Corporation of Spokane, Washington, which has been contracted to provide HQ core drilling at New Pass has mobilized its drilling equipment to the Property and is
About this update from Iconic Labs Plc
Vancouver, British Columbia--(Newsfile Corp. - May 8, 2026) - Iconic Minerals Ltd. (TSXV: ICM) (OTCQB: ICMFF) (FSE: YQG) (the "Company" or "Iconic") announces that the preparations for a major drilling program are complete at the New Pass gold property ("New Pass" or the "Property") in Churchill County, Nevada and that American Drilling Corporation of Spokane, Washington, which has been contracted to provide HQ core drilling at New Pass has mobilized its drilling equipment to the Property and is expected to arrive within the next seven days. New Pass is being explored under a joint venture agreement with McEwen Mining Inc. (TSX: MUX) with Iconic as the operator. The exploration program will test extensions of the current resource and geophysical anomalies identified in a recent survey. The 2,140-hectare property is located along a prospective Carlin-type gold trend approximately 150 miles (240 km) east of Reno. Iconic Minerals' President and CEO, Richard Kern stated; "We are pleased to commence the phase one drilling program at New Pass, where we are utilizing highly experienced, heavy equipment contractors to drill an extensive core hole drill program which will produce better material for additional metallurgical testing than RC drilling would. Drilling will take place 24 hours a day and will be completed in three months. Our focus is to expand the known mineralization and demonstrate the potential for a materially larger resource. We believe this work can significantly enhance project value for both partners and our shareholders." New Pass Drilling Exploration Summary 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 sediment arsenic anomaly led to the discovery of a gold-bearing jasperoid system. Since that time, more than 40,000 metres of drilling across 329 drill holes have identified significant intervals of Carlin-type gold-silver mineralization, leading to the delineation of the New Pass Au-Ag deposit. The New Pass Au-Ag deposit represents a classic Carlin-type system, with mineralization hosted primarily within silicified rocks a...