en.Wedoany.com Reported - Iconic Minerals Ltd. (TSXV: ICM) (OTCQB: ICMFF) (FSE: YQG) announced that drilling continues to advance at its New Pass Gold Project in Churchill County, Nevada, with core samples from the first six drill holes of 2026 prepared and submitted for analysis. The property covers 2,140 hectares and is located on the Carlin-type gold trend approximately 240 kilometers east of Reno.

To date, the company has completed over 580 meters of HQ core drilling at nine drill pads and constructed pads for an additional 11 holes. All holes are drilled at N70°E, -45° to test a southwest-dipping mineralized zone up to 76 meters thick. The stratigraphic section consists of rhyolite tuff overlying limestone. Gold and silver mineralization occurs primarily along the contact between the rhyolite tuff and limestone units, extending into the underlying limestone. The limestone is often altered to jasperoid, with intense silicification at the contact. All completed holes have intersected the target Carlin-type gold mineralization in the limestone unit, with core correlating well with nearby historical drilling records. Core was safely transported to Reno for logging and cutting, then sent to ALS Laboratories for fire assay analysis, with sample lengths of 3.05 meters. Samples from the first six holes have been submitted for analysis, with multi-element analysis to be conducted on select representative holes.

Richard Kern, President and CEO of Iconic Minerals, stated that the New Pass drilling program is progressing as planned, with the team streamlining core handling and sampling processes to efficiently transport materials under strict quality control. American Drilling has performed well under the challenging drilling conditions of the Carlin-type system, and the company is awaiting assay results.

The New Pass Gold Project is located in the Basin and Range Province of Nevada, within the highly prospective Sulfur-Lovelock-Austin structural gold trend, known for hosting Carlin-type gold systems. The property was initially explored in 1980, when arsenic anomalies in stream sediments led to the discovery of a gold-bearing jasperoid system. Since then, over 40,000 meters have been drilled in 329 holes, identifying significant Carlin-type gold-silver mineralized intervals and delineating the New Pass Au-Ag deposit.

The New Pass Au-Ag deposit is a typical Carlin-type system, with mineralization primarily hosted in silicified rock and jasperoid developed within decalcified limestone of the Triassic Lower Augusta Mountain Formation. A north-northwest to south-southeast trending, west-dipping structure served as a conduit for hydrothermal circulation, alteration, and gold-silver precipitation. The deposit is exposed at surface, has been drilled along strike for approximately 1.25 kilometers, with the deepest penetration at a vertical depth of approximately 295 meters. This gently west-dipping tabular deposit remains open along strike in both directions and at depth.

The New Pass deposit hosts an inferred mineral resource, with a historical NI 43-101 report outlining an inferred resource within a near-surface, oxide-dominated system containing gold and silver mineralization. This existing resource provides a technical foundation for ongoing exploration, with mineralization remaining open along strike and at depth, combining the defined resource with multiple untested targets.

Qualified Person Richard Kern, Registered Professional Geologist, has reviewed and approved the technical information in this news release. Iconic Minerals Ltd. is a gold exploration company focused on Nevada, with its flagship New Pass Gold Project hosting a defined resource with expansion potential.

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