# Iconic Minerals Executes Joint Venture Agreement with McEwen Mining on New Pass Gold Property, Nevada Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/iconic-minerals-executes-joint-venture-agreement-with-mcewen-mining-on-new-pass--74f9f6fa-3bc1-40a9-9ad7-077d33497281 Original source: https://money.tmx.com/en/quote/ICM/news/6095657243136255/iconic-minerals-executes-joint-venture-agreement-with-mcewen-mining-on-new-pass- Publisher: tmx Original announcement: 2026-04-15T16:14:00.000Z 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: Resource update, Agreement transaction - Extracted: 2026-09-12 06:58:32 UTC Narrative sentiment: 0.60 · Bullish ## Minestarters Atlas summary Iconic Minerals has entered into a 50/50 joint venture agreement with McEwen Mining to advance the New Pass gold property in Nevada. The company plans to execute an exploration program including a 20-30 hole drill program to test resource extensions and target oxidation zone anomalies. Reasoning: The announcement of a 50/50 joint venture with a major producer \(McEwen\) to advance a known gold property is highly material and positive for the explorer. - Positive factor: Strategic JV with McEwen Mining - Positive factor: Established Carlin-type gold system - Positive factor: Resource expansion potential via upcoming 20-30 hole program - Positive factor: Existing inferred resource provides technical foundation Facts used in scoring: 3 ## Classification and evidence **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The resource summary explicitly states the resource is an Inferred Resource. Evidence · text > Inferred Resource Summary **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: Richard Kern, a Certified Professional Geologist, has reviewed and approved the technical information. Evidence · text > Richard Kern, Certified Professional Geologist, a qualified person as defined by NI 43-101, has reviewed and approved ## Extracted facts Stored fact records: 3. Some facts used in scoring do not have a stored record. ## Resource Estimates (3) ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/iconic-minerals-executes-joint-venture-agreement-with-mcewen-mining-on-new-pass--74f9f6fa-3bc1-40a9-9ad7-077d33497281#fact-resource-facts-0) New Pass · gold Historical result Needs review: historical\_restatement #### Identity - Project: New Pass - Commodity: gold - Region: usa\_nv - Reported Region: Nevada - Ticker: ICM #### Resource scope - Estimate type: resource - Resource group id: resource:4aef7f691b828a0561b0 #### Resource Data - Category: inferred - Tonnes: 15515488 - Grade: 0.022 - Grade Unit: oz/ton - Contained Metal: 341750 - Contained Unit: oz #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes #### Dates - Event date: 2026-04-15T00:00:00.000Z Reasoning: Historical inferred resource provides a baseline for expansion. - Positive factor: Established scale and continuity Evidence · table > 0.022 Context: 15,515,488 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/iconic-minerals-executes-joint-venture-agreement-with-mcewen-mining-on-new-pass--74f9f6fa-3bc1-40a9-9ad7-077d33497281#fact-resource-facts-1) New Pass · gold Historical result Needs review: historical\_restatement #### Identity - Project: New Pass - Commodity: gold - Region: usa\_nv - Reported Region: Nevada - Ticker: ICM #### Resource scope - Estimate type: resource - Resource group id: resource:4aef7f691b828a0561b0 #### Resource Data - Category: inferred - Tonnes: 15515488 - Grade: 0.018 - Grade Unit: oz/ton - Contained Metal: 282986 - Contained Unit: oz #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes #### Dates - Event date: 2026-04-15T00:00:00.000Z Reasoning: Historical inferred gold grade component. - Positive factor: Established scale and continuity Evidence · table > 0.018 Context: 15,515,488 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/iconic-minerals-executes-joint-venture-agreement-with-mcewen-mining-on-new-pass--74f9f6fa-3bc1-40a9-9ad7-077d33497281#fact-resource-facts-2) New Pass · silver Historical result Needs review: historical\_restatement #### Identity - Project: New Pass - Commodity: silver - Region: usa\_nv - Reported Region: Nevada - Ticker: ICM #### Resource scope - Estimate type: resource - Resource group id: resource:4aef7f691b828a0561b0 #### Resource Data - Category: inferred - Tonnes: 15515488 - Grade: 0.202 - Grade Unit: oz/ton - Contained Metal: 3139054 - Contained Unit: oz #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes #### Dates - Event date: 2026-04-15T00:00:00.000Z Reasoning: Historical inferred silver grade component. - Positive factor: Established scale and continuity Evidence · table > 0.202 Context: 15,515,488 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **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 ## 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.