Alteration Mapping Completed and Surface Gold/Silver Sampling Initiated at Hercules Project, Nevada
Vancouver, BC / TheNewswire / March 25, 2015 - Iconic Minerals Ltd. (the "Company" or "Iconic") ((TSX-V: ICM) (FSE: YQG) announces it has commenced rock chip channel and trench geochemical sampling at its Hercules Project ("Hercules"), located approximately 17 km, east-southeast of the well-known Comstock District in Lyon County, Nevada.
Iconic's current exploration program included completion of alteration mapping, which found extensive outcrops of potential gold/silver mineralization. All surface samples were collected and logged in accordance with NI 43-101 guidelines, and could be used to define a new resource at Hercules. Environmental permits were obtained for the trenching.
Data collected from mapping of the quartz-calcite-adularia-sulfide alteration has defined an open-ended target area. 2.7 km (1.7 miles) long and 1 km (0.6 miles) wide, with four veins within the target area ranging between 200-400 metres (650-1,300 feet) in width.
The outcropping alteration currently being surveyed is logged and chip channel sampled, using 0.7-3.0 metre (2-10 feet) sample lengths. Trenches will be sampled in a similar manner. To ensure quality control, blanks and standards are added to each sample line before they are securely shipped to an ISO accredited geochemical laboratory. Sampling is expected to take two to three months for completion, and will be used along with previous drill results to target a planned and permitted drilling program (refer to Iconic's January 7, 2015 News Release).
Hercules is a Comstock-type target, with strong potential for bulk minable, heap leachable gold/silver mineralization (+0.2 g/t Au) at surface, as well as potential high-grade (+10 g/t Au, to bonanza-grade (+68 g/t Au) at depth. Analogous to Comstock, the level of erosion at Hercules is slightly less than at Comstock as shown by a higher gold/silver ratio at Hercules. Therefore, any potential of high grade veins can be expected at greater depths than at Comstock.
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
SIGNED : "Richard Kern"
Richard Kern, CEO
Contact: (604) 336-8614
For further information on ICM, please visit our website at www.iconicmineralsltd.com
The Company's public documents may be accessed at www.sedar.com
This news release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this release are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Iconic expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.
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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