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GLDN 0.055 +0.0% BRON 0.040 +0.0% BTO 5.43 −0.7% ESK 0.365 −2.7% AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0% GLDN 0.055 +0.0% BRON 0.040 +0.0% BTO 5.43 −0.7% ESK 0.365 −2.7% AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0%
Drill Results Neutral

Iconic Minerals Submits First Core Samples for Analysis from 2026 Program at New Pass Gold Property, Nevada

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

By The Northwire Desk — AI Analysis Jun 19, 2026 · 08:31 ICM · 0.055 Iconic Minerals Ltd.
Executive Summary
  • Iconic Minerals Ltd. provided an operational update on its 2026 drilling program at the New Pass Gold Property in Nevada.
  • Over 1,900 feet (580 meters) of HQ core drilling has been completed across nine drill sites.
  • Core samples from the first six drill holes have been prepared and submitted to ALS laboratories in Reno for fire assay and multi-element geochemical analysis.
  • All nine holes drilled to date have successfully intersected the target limestone unit hosting Carlin-type gold mineralization.
  • Core is being logged, cut, and quartered for future metallurgical testing. Drilling targets a southwest-dipping mineralized zone up to 250 feet thick.
  • The update confirms the company is executing the exploration plan efficiently, with no assay results disclosed in this release.
Material Impact
  • This is a routine operational progress update that aligns with the company's previously announced 20-30 hole drill program and the 50/50 joint venture with McEwen Mining Inc.
  • The submission of core samples for analysis is an expected procedural step following the commencement of drilling in May 2026.
  • Without actual assay results, there is no new geological data to alter the valuation or resource model. The market had already priced in the drilling activity following the January 2026 financing and April 2026 JV announcement.
  • The news is in line with expectations and does not contain genuinely new, market-moving information. It serves as a confirmation of execution rather than a catalyst for re-rating.
ICM · Price
Company Overview
  • Iconic Minerals Ltd. is a junior mineral explorer focused on gold and lithium properties in Nevada.
  • Flagship Project: New Pass Gold Property (2,140 hectares) located along the prospective Carlin-type gold trend, approximately 150 miles east of Reno.
  • The project features a historical Inferred Mineral Resource of ~15.5 million short tons at 0.022 oz/t AuEq, containing ~341,750 ounces of gold equivalent. The deposit remains open along strike and at depth, offering significant exploration upside.
  • The company operates New Pass under a 50/50 joint venture with McEwen Mining Inc., with Iconic serving as the operator.
Read the original news release →

More from Iconic Minerals Ltd.

Jun 01, 2026 · 22:52

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

Resource Estimate 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 24, 2026 · 12:14

SEDAR Interim Financial Statements

None Apr 15, 2026 · 12:14

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

M&A / Property Feb 04, 2026 · 20:52

Iconic Minerals closes $3.75-million financing

Financings