Newsfile Corp
21 May 2026, 15:44 UTC · 3h ago
Source · https://www.newsfilecorp.com/release/298400/Iconic-Minerals-Initiates-Drilling-at-New-Pass-Gold-Property-Nevada
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Iconic Minerals has commenced HQ core drilling at the New Pass Gold Property in Nevada to test extensions of a known mineralized zone. — Active drilling is a primary catalyst for junior miners as it leads to the discovery of new resources or the expansion of existing ones.
+0.50Initial drilling has already identified a decalcified and silicified limonite-stained section believed to be the mineralized zone, analogous to Carlin-type structures. — Positive early geological indicators increase the probability of a successful drill program and higher-grade intercepts.
+0.40The New Pass project is being explored under a joint venture agreement with McEwen Mining Inc., with Iconic serving as the operator. — Partnership with an established player like McEwen Mining provides technical validation and potentially reduces the company's financial risk.
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The company has commenced a significant drilling program at its New Pass Gold Property with high potential for resource expansion.
The company is part of a joint venture at the New Pass property, which is seeing positive initial drilling indicators.
