# Iconic Initiates First Phase of Exploration Program at New Pass Gold Property, Nevada Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/iconic-initiates-first-phase-of-exploration-program-at-new-pass-gold-property-ne--9d69f2e0-1c8d-4fec-9464-78b69fe92cdc Original source: https://money.tmx.com/en/quote/ICM/news/5931301869125796/iconic-initiates-first-phase-of-exploration-program-at-new-pass-gold-property-ne Publisher: tmx Original announcement: 2026-05-08T11:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Iconic Minerals Ltd. - Ticker: ICM - Exchange: TSX - Region: Nevada - Primary commodity: Gold - Secondary commodities: Silver - Document categories: Drill results, Other - Extracted: 2026-09-12 06:50:56 UTC Narrative sentiment: 0.40 · Bullish ## Minestarters Atlas summary Iconic Minerals has commenced a phase one drilling program at the New Pass gold property in Nevada. The program aims to test extensions of the existing inferred resource and geophysical anomalies using HQ core drilling. Reasoning: The company is initiating a planned exploration phase to expand a known resource; while no new assay results are present, the mobilization of drilling equipment is a material operational milestone. - Positive factor: commencement of major drilling program - Positive factor: testing extensions of existing resource - Positive factor: established Carlin-type gold-silver system Facts used in scoring: 2 ## Classification and evidence **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: The property is positioned along the prospective Carlin-type gold trend and Sulfur-Lovelock-Austin structural gold trend. Evidence · text > located along a prospective Carlin-type gold trend ## Extracted facts Stored fact records: 2. Some facts used in scoring do not have a stored record. ## Drill Results (2) ### Fact 1 [Link to this fact](https://atlas-extractions.minestarters.com/news/iconic-initiates-first-phase-of-exploration-program-at-new-pass-gold-property-ne--9d69f2e0-1c8d-4fec-9464-78b69fe92cdc#fact-drill-facts-0) #### Identity - Region: usa\_nv - Reported Region: Nevada - Ticker: ICM #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-05-08T00:00:00.000Z Reasoning: Announcement of upcoming drilling activity to test resource extensions. - Positive factor: extensive drilling program Evidence · text > 20+ holes ranging from 200 to 600 feet will be drilled #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Since that time, more than 40,000 metres of drilling across 329 drill holes have identified significant intervals of Car" ### Fact 2 [Link to this fact](https://atlas-extractions.minestarters.com/news/iconic-initiates-first-phase-of-exploration-program-at-new-pass-gold-property-ne--9d69f2e0-1c8d-4fec-9464-78b69fe92cdc#fact-drill-facts-1) #### Identity - Region: usa\_nv - Reported Region: Nevada - Ticker: ICM #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-05-08T00:00:00.000Z Reasoning: Restatement of existing inferred resource metrics for context. - Positive factor: established scale Evidence · text > Total Short Tons: 15,515,488 Average Grade AuEq: 0.022 oz/ton Contained AuEq Ounces: 341,750 Average Silver Grade: 0.202 oz/ton Contained Silver Ounces: 3,139,054 Average Gold Grade: 0.018 oz/ton Contained Gold Ounces: 282,98 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Since that time, more than 40,000 metres of drilling across 329 drill holes have identified significant intervals of Car" ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.