Iconic Minerals Ltd. Stock Analysis ICM.V

Iconic Minerals Ltd. is a mineral exploration company. The firm holds highly prospective gold exploration properties in Nevada with the potential to host both Carlin-type and Round Mountain style gold/silver deposits. The Company, through option agreements, holds a 50% interest in the New Pass and Midas South properties located in Nevada. The New Pass Gold Property, consisting of about 107 unpatented mineral claims, is located in Eastern Churchill County, Nevada. The Midas South property is located in the Ivanhoe Mining District, four miles northwest of the Hollister Deposit. Its lithium properties include Smith Creek Lithium Property and Grass Valley Property. In Smith Creek Lithium Property, it controls about 808 placer claims totaling 25.25 square miles over a major gravity low. The Grass Valley Property is a lithium exploration project consisting of approximately 997 placer claims.