VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov 25, 2013) - Iconic Minerals Ltd. (the Company or Iconic) (TSX VENTURE:ICM)(PINKSHEETS:BVTEF)(FRANKFURT:YQG) is pleased to announce that in consideration for US$10,000, it has been assigned the remaining right, title and interest in and to the Hercules Project, Lyon County, Nevada, from Willow Creek Enterprises Inc., its former joint venture partner on the project. Iconic, which previously could earn up to a 75% interest in the project, now has the right to earn up to a 100% interest. A 3% NSR will remain payable to a private company owned by two directors of Iconic (see News Release dated September 11, 2011).
The Hercules Project is located in the Como Mining district, Lyon County, Nevada approximately 12 kilometers east of the famous Comstock mine. The Hercules project is a high level epithermal vein and disseminated gold/silver prospect occurring within Tertiary volcanic rocks. Two sub-parallel structural zones can be traced along surface for over 2,600 meters. The project has over 200 often widely spaced shallow drill holes defining a broad, low-grade (0.5-3.0 g/t) gold zone with several feeder faults containing high-grade (10.0-+40.0 g/t) gold. Permitting of a Plan of Operation to allow drilling of an additional 200 holes within the four gold-silver targets identified to date is currently in progress.
Richard Kern, Certified Professional Geologist (#11494) and CEO of Iconic is the Qualified Person who has prepared and reviewed this press release in accordance with NI 43-101 reporting standards.
On behalf of the Board of Directors
Richard Kern, CEO
The Company's public documents may be accessed at www.sedar.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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