Vancouver, British Columbia–(Newsfile Corp. – April 28, 2022) – Iconic Minerals Ltd. (TSXV: MIC) (OTCQB: BVTEF) (ESF: YQGB) (the “Company” or “Iconic”) is pleased to announce that it has been approved and upgraded to the OTCQB venture capital market and will continue to trade under the symbol “BVTEF”. Investors will be able to find current, real-time information about the company at www.otcmarkets.com. The Company continues to trade on the TSX Venture Exchange under the symbol “ICM”.
Iconic Mineral CEO Richard Kern said, “We are delighted that the upgrade to the OTCQB venture capital marketplace will allow Iconic to continue to improve outreach to our current and potential shareholders as we move forward. towards the completion of our pre-feasibility study on Bonnie Claire’s lithium property.”
Bonnie Claire property
The Bonnie Claire property is located in the Sarcobatus Valley, which is approximately 30 km (19 miles) long and 20 km (12 miles) wide. Quartz-rich volcanic tuffs containing anomalous amounts of lithium occur within and adjacent to the valley. Drill results from the salt flat included lithium values as high as 2550 ppm Li and a vertical intersection of 1560 feet (approximately 475 meters) that averaged 1153 ppm Li. The PEA Report’s current 43-101 resource for the drillhole mineable portion of the resource is 3,407 million tonnes grading 1,013 ppm Li or 18,372 million kilograms of lithium carbonate equivalent. Low gravity in the valley is 20 km (12 miles) long, and current estimates of bedrock depth range from 600 to 1,200 meters (2,000 to 4,000 ft). The current claim block covers an area of 74 km2 (46.6 km2) with potential for brine systems and other sediment resources.
On behalf of the Board of Directors
SIGN: “Richard Kern”
Richard Kern, President and CEO
Contact: Keturah Nathe, Vice President of Corporate Development (604) 336-8614
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.
Caution Regarding Forward-Looking Statements
This press release contains forward-looking statements and forward-looking information (collectively, “forward-looking statements”) within the meaning of applicable Canadian and United States securities laws, including the United States Private Securities Litigation Reform Act of 1995. All statements , other than statements of historical facts, included herein, including, without limitation, statements regarding the option, joint venture, amount of the offer, intended use of the proceeds of the offer and the Company’s future business plans and exploration activities, are forward-looking statements. Although the Company believes these statements to be reasonable, it cannot guarantee that these expectations will prove to be correct. Forward-looking statements are generally identified by words such as: “will”, “believe”, “expect”, “anticipate”, “intend”, “estimate”, “plan”, “may”, “should”, “potential”, “expected” or variations of such words and similar phrases and expressions, which by their nature refer to future events or results which may, might, might or will occur or be In making the forward-looking statements in this press release, the Company has applied several important assumptions, including, without limitation, that investor interest will be sufficient to close the Offering, that the fundamentals of the market will result in sustained demand and prices for precious metals, the receipt of all permits, licenses and regulatory approvals necessary for the option agreement and the future development of the Company’s projects in a timely manner.
Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by the information. prospective. These risks and other factors include, among others, operational and technical difficulties related to mining exploration and development activities, actual results of exploration activities, including on the Smith Creek property, additional capital requirements, future lithium and gold prices, variations in general economic conditions, changes in financial markets and in the market demand and price of commodities, lack of investor interest in future financings, accidents, labor disputes and other risks of the mining industry, delays in obtaining government approvals, permits or financing or in completing development or construction activities, risks related to epidemics or pandemics such as COVID-19, including the impact of COVID-19 on the business, financial condition, and exploration and development activities. oppement of the Company, changes in laws, regulations and policies affecting mining operations, securities disputes, inability of the Company to obtain any ssaries of permits, consents, approvals or authorizations, including from the TSX Venture Exchange with respect to of the Option Agreement and the Offer, the timing and possible outcome of any pending litigation, environmental issues and liabilities, and risks related to joint venture activities, and other risks and uncertainties disclosed in the latest report intermediary management of the Company and filed with the Canadian Securities Administrators. All of the Company’s Canadian public disclosure documents are accessible via www.sedar.com and readers are urged to review these documents, including technical reports filed with respect to the Company’s mineral properties.
Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to update any forward-looking statements contained in this press release or incorporated by reference herein, except as otherwise required by law.
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