# Iconic Minerals Initiates Drilling at New Pass Gold Property, Nevada Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/iconic-minerals-initiates-drilling-at-new-pass-gold-property-nevada--1e61732a-c546-4d25-87cd-e11edd32d121 Original source: https://money.tmx.com/en/quote/ICM/news/6872056935957814/iconic-minerals-initiates-drilling-at-new-pass-gold-property-nevada Publisher: tmx Original announcement: 2026-05-21T15:44:00.000Z 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 06:47:48 UTC Narrative sentiment: 0.40 · Bullish ## Minestarters Atlas summary Iconic Minerals has commenced HQ core drilling at its New Pass Gold Property in Nevada to test extensions of a known Carlin-type gold-silver mineralized zone. The program aims to expand the existing inferred resource, which currently contains approximately 282,980 ounces of gold. Reasoning: The announcement marks the commencement of a drill program to expand an existing inferred resource; while no new assay results are provided, the initiation of drilling at a known target is a positive operational milestone. - Positive factor: drilling underway at a known Carlin-type gold system - Positive factor: excellent core recovery reported - Positive factor: potential for resource expansion Facts used in scoring: 4 ## Classification and evidence **Inferred Resource** Polarity: negative Story-specific tag Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The existing resource is stated to be in the inferred category. Evidence · text > enhance the value of the existing inferred resource **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: The release mentions that drill core will be processed by ALS Limited laboratories for fire assay analysis. Evidence · text > shipment to ALS Limited laboratories for fire assay analysis ## Extracted facts Stored fact records: 4. Some facts used in scoring do not have a stored record. ## Drill Results (4) ### Fact 1 [Link to this fact](https://atlas-extractions.minestarters.com/news/iconic-minerals-initiates-drilling-at-new-pass-gold-property-nevada--1e61732a-c546-4d25-87cd-e11edd32d121#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: 2026-05-21T00:00:00.000Z Reasoning: The start of a drill program is a key exploration milestone. - Positive factor: drilling commencement Evidence · text > drilling is now underway at its New Pass Gold Property #### 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 ### Fact 2 [Link to this fact](https://atlas-extractions.minestarters.com/news/iconic-minerals-initiates-drilling-at-new-pass-gold-property-nevada--1e61732a-c546-4d25-87cd-e11edd32d121#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: 2026-05-21T00:00:00.000Z Reasoning: This is a restatement of the existing inferred resource to provide context for the new drilling. - Positive factor: established scale - Negative factor: inferred category only Evidence · text > Inferred Resource Summary 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 ### Fact 3 [Link to this fact](https://atlas-extractions.minestarters.com/news/iconic-minerals-initiates-drilling-at-new-pass-gold-property-nevada--1e61732a-c546-4d25-87cd-e11edd32d121#fact-drill-facts-2) #### Identity - Region: usa\_nv - Reported Region: Nevada - Ticker: ICM #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-05-21T00:00:00.000Z Reasoning: Historical resource grade provided for context. Evidence · text > 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 ### Fact 4 [Link to this fact](https://atlas-extractions.minestarters.com/news/iconic-minerals-initiates-drilling-at-new-pass-gold-property-nevada--1e61732a-c546-4d25-87cd-e11edd32d121#fact-drill-facts-3) #### Identity - Region: usa\_nv - Reported Region: Nevada - Ticker: ICM #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-05-21T00:00:00.000Z Reasoning: Historical resource grade provided for context. Evidence · text > Average Silver Grade: 0.202 oz/ton Contained Silver Ounces: 3,139,054 #### 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 ## 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.