Iconic Provides Corporate Update on New Pass Gold Property and Engagement of Investor Relations
Original announcement by tmx on
- 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 08:23:41 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Iconic Minerals is re-initiating an exploration program at its New Pass Gold Property in Nevada, focusing on 38 RC drill holes to test IP anomalies. The plan includes advanced metallurgy and aims to generate a new NI 43-101 technical resource report.
Reasoning: The company is re-initiating an exploration program at New Pass to test IP anomalies and expand the resource, though it relies on historical data that requires updating.
Positive factors
- re-initiating exploration plan
- near-term drilling program (38 RC holes)
- amenable to heap leaching
- near major producing assets
Negative factors
- reliance on historical resource data
- resource requires verification/recalculation
Facts used in scoring: 3
Classification and evidence
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: The project is positioned near the past-producing McCoy-Cove Mine.
Evidence · text
“only 75 kilometres south-southwest of the past-producing McCoy-Cove Mine”
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: The release mentions a Qualified Person (Richard Kern) reviewing and approving the release in accordance with NI 43-101.
Evidence · text
“Richard Kern, Certified Professional Geologist (#11494) and CEO of Iconic is the Qualified Person who has reviewed and approved this press release”
Extracted facts
Stored fact records: 3. Some facts used in scoring do not have a stored record.
Drill Results (3)
NP-28New Pass · goldGrade: 0.08Grade Unit: oz/tonIntercept: 45 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- NP-28
- Project
- New Pass
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- usa_nv
- Ticker
- ICM
Geometry
- Grade
- 0.08
- Grade Unit
- oz/ton
- Intercept
- 45 m
Classification
- Sample Type
- drill
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2006-04-12T00:00:00.000Z
Dates
- Event date
- 2025-05-20T00:00:00.000Z
Reasoning: Historical drill intercept reported as a highlight.
Positive factors
- high grade for historical intercept
Evidence · text
“NP-28, 45 m @ 0.080 oz/ton Au”
Tags used in scoring
No QA/QC Disclosurenegative
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
NP-88-8New Pass · goldGrade: 0.078Grade Unit: oz/tonIntercept: 20 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- NP-88-8
- Project
- New Pass
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- usa_nv
- Ticker
- ICM
Geometry
- Grade
- 0.078
- Grade Unit
- oz/ton
- Intercept
- 20 m
Classification
- Sample Type
- drill
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2006-04-12T00:00:00.000Z
Dates
- Event date
- 2025-05-20T00:00:00.000Z
Reasoning: Historical drill intercept reported as a highlight.
Positive factors
- high grade for historical intercept
Evidence · text
“NP-88-8, 20 m @ 0.078 oz/ton Au”
Tags used in scoring
No QA/QC Disclosurenegative
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
NP-54New Pass · goldGrade: 0.047Grade Unit: oz/tonIntercept: 50 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- NP-54
- Project
- New Pass
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- usa_nv
- Ticker
- ICM
Geometry
- Grade
- 0.047
- Grade Unit
- oz/ton
- Intercept
- 50 m
Classification
- Sample Type
- drill
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2006-04-12T00:00:00.000Z
Dates
- Event date
- 2025-05-20T00:00:00.000Z
Reasoning: Historical drill intercept reported as a highlight.
Positive factors
- significant width
Evidence · text
“NP-54, 50 m @ 0.047 oz/ton Au”
Tags used in scoring
No QA/QC Disclosurenegative
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior 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.