Northwire Canada EditionSaturday, October 17, 2026
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GOLD 4181.10 +0.3% SILVER 57.30 +0.3% COPPER 6.57 +0.3% OIL 99.02 +1.1% PALLADIUM 1118.60 −0.9% GBU 0.095 +0.0% ATY 0.225 +4.7% GRDM 0.215 +0.0% PPM 0.300 +0.0% GZD 0.040 −11.1% CAN 0.060 +0.0% BGF 0.025 +0.0% MSV 0.570 +0.0% CCMM 0.485 +0.0% MON 0.385 −6.1% OMI 0.245 −2.0% BUFF 0.800 +2.6% FEO 0.630 −3.1% LIB 0.710 −1.4% NPR 0.620 +0.0% QZM 0.380 +0.0% GOLD 4181.10 +0.3% SILVER 57.30 +0.3% COPPER 6.57 +0.3% OIL 99.02 +1.1% PALLADIUM 1118.60 −0.9% GBU 0.095 +0.0% ATY 0.225 +4.7% GRDM 0.215 +0.0% PPM 0.300 +0.0% GZD 0.040 −11.1% CAN 0.060 +0.0% BGF 0.025 +0.0% MSV 0.570 +0.0% CCMM 0.485 +0.0% MON 0.385 −6.1% OMI 0.245 −2.0% BUFF 0.800 +2.6% FEO 0.630 −3.1% LIB 0.710 −1.4% NPR 0.620 +0.0% QZM 0.380 +0.0%
Resource Estimate Neutral

Iconic Retains Media and Marketing Consultant

Iconic Minerals advances New Pass gold project with McEwen Mining JV and new drilling program

By The Northwire Desk — AI Analysis Jun 01, 2026 · 22:52 ICM · 0.07 Iconic Minerals Ltd.
Executive Summary
  • Iconic Minerals Ltd. announced the retention of Overdrive Agency for month-to-month marketing and media services at a fee of C$7,000 per month plus taxes.
  • The company provided a summary of the Inferred Mineral Resource for its New Pass Gold Property in Central Nevada, based on a December 2020 NI 43-101 Non-Compliant Technical Report.
  • The resource estimate totals 14,075,414 metric tons at 0.75 g/t AuEq, containing approximately 282,986 ounces of gold and 3,139,054 short tons of silver.
  • This announcement follows the commencement of HQ core drilling at New Pass in May 2026 and the execution of a 50/50 joint venture with McEwen Mining Inc. in April 2026.
  • The resource data is a restatement of historical figures and does not represent a new, compliant technical report or updated resource estimate.
Material Impact
  • The retention of a marketing consultant is a standard operational expense for junior explorers and carries no material financial or operational impact.
  • Restating a 2020 non-compliant resource estimate provides no new geological data or valuation uplift. The market already priced in the historical inferred resource.
  • The stock has declined approximately 74% from its December 2025 high of $0.27 to the current $0.07, reflecting investor impatience and lack of near-term catalysts.
  • The news is entirely routine and expected. It does not alter the company's risk profile or financial position.
ICM · Price
Company Overview
  • Iconic Minerals Ltd. is a junior mineral explorer focused on gold and lithium properties in Nevada, USA.
  • Flagship Project: New Pass Gold Property, a 2,140-hectare site located in Churchill County, Nevada, along the highly prospective Carlin-type gold trend.
  • The project is being explored under a 50/50 joint venture with McEwen Mining Inc., with Iconic acting as the operator.
  • Historical drilling has identified a southwest-dipping mineralized zone up to 250 feet thick, primarily occurring near the contact between rhyolite tuff and limestone.
  • The company is currently conducting HQ core drilling to test extensions of the known mineralization and to generate metallurgical test material.
Read the original news release →

More from Iconic Minerals Ltd.

Sep 17, 2026 · 08:31

Iconic’s New Pass drill assays confirm near-surface gold-silver mineralisation, though cash burn and dilution concerns persist.

Drill Results Aug 13, 2026 · 08:01

Iconic’s low-grade oxide holes confirm the known Carlin system rather than triggering a re-rate for the project.

Drill Results Jun 19, 2026 · 08:31

Iconic Minerals advances New Pass drilling with assay results and capital needs capping near-term upside potential.

Drill Results May 21, 2026 · 11:44

Iconic Minerals Drilling Commences at New Pass Following McEwen JV; Shares Retreat to Support

Drill Results May 08, 2026 · 07:01

Iconic Minerals Initiates Drilling at New Pass JV; Stock Consolidates Near Support Levels

Drill Results Apr 15, 2026 · 12:14

McEwen Mining Partnership Validates Iconic Minerals' Nevada Gold Asset Amidst Capital Preservation Strategy

M&A / Property