Iconic Minerals Submits First Core Samples for Analysis from 2026 Program at New Pass Gold Property, Nevada
Original announcement by tmx on
- Company
- Iconic Minerals Ltd.
- Ticker
- ICM
- Exchange
- TSX
- Region
- Nevada
- Primary commodity
- Gold
- Secondary commodities
- Silver
- Document categories
- Resource update, Other
- Extracted
- 2026-09-12 06:42:59 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Iconic Minerals has submitted core samples from the first six drill holes of its 2026 exploration program at the New Pass gold property in Nevada for gold and silver analysis. The company reports that drilling is progressing as planned and the core correlates well with historical data.
Reasoning: The announcement is a procedural update stating that core samples from the first six holes of a new program have been submitted for assay; no new grades or resource changes are reported.
Positive factors
- drilling program is advancing as planned
- core correlates well with historical logs
- samples submitted for analysis
Negative factors
- no assay results reported yet
Facts used in scoring: 3
Classification and evidence
Inferred Resourcenegative · Story-specific tag
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 mineral resource.
Evidence · text
“The New Pass deposit hosts an inferred mineral resource”
Historical Estimate Onlynegative · Story-specific tag
Estimate pre-dates or does not comply with current JORC/NI 43-101 standards — requires verification drilling.
Why it applies: The resource figures provided are from a 2010 report by Paul D. Noland.
Evidence · text
“Inferred Resource Summary (Paul D. Noland, CPG, September 3, 2010)”
Extracted facts
Stored fact records: 3. Some facts used in scoring do not have a stored record.
Resource Estimates (3)
inferredNew Pass Gold Property · goldTonnes: 15515488Grade: 0.018Grade Unit: oz/tonContained Metal: 282986Contained Unit: ozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- New Pass Gold Property
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- ICM
Resource scope
- Estimate type
- resource
- Resource group id
- resource:79ca8f11d4a56af74a1b
- Deposit or zone
- New Pass
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
- Historical Source Date
- 2010-09-03T00:00:00.000Z
Dates
- Event date
- 2026-06-19T00:00:00.000Z
Reasoning: Historical inferred resource reported from 2010.
Evidence · text
“Average Gold Grade: 0.018 oz/ton Contained Gold Ounces: 282,986”
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 15.8 years before this release
inferredNew Pass Gold Property · silverTonnes: 15515488Grade: 0.202Grade Unit: oz/tonContained Metal: 3139054Contained Unit: ozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- New Pass Gold Property
- Commodity
- silver
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- ICM
Resource scope
- Estimate type
- resource
- Resource group id
- resource:79ca8f11d4a56af74a1b
- Deposit or zone
- New Pass
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
- Historical Source Date
- 2010-09-03T00:00:00.000Z
Dates
- Event date
- 2026-06-19T00:00:00.000Z
Reasoning: Historical inferred resource reported from 2010.
Evidence · text
“Average Silver Grade: 0.202 oz/ton Contained Silver Ounces: 3,139,054”
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 15.8 years before this release
inferredNew Pass Gold Property · goldTonnes: 15515488Grade: 0.022Grade Unit: oz/tonHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- New Pass Gold Property
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- ICM
Resource scope
- Estimate type
- resource
- Resource group id
- resource:79ca8f11d4a56af74a1b
- Deposit or zone
- New Pass
Resource Data
- Category
- inferred
- Tonnes
- 15515488
- Grade
- 0.022
- Grade Unit
- oz/ton
Metal Equivalent
- Metal Eq. Grade
- 0.022
- Metal Eq. Unit
- oz/ton AuEq
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2010-09-03T00:00:00.000Z
Dates
- Event date
- 2026-06-19T00:00:00.000Z
Reasoning: Historical inferred resource reported from 2010.
Evidence · text
“Average Grade AuEq: 0.022 oz/ton”
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 15.8 years before this release
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.