Iconic Minerals (TSX-V:ICM) has intersected near-surface gold and silver mineralisation in the first six holes assayed from its 2026 drilling program at the New Pass Gold Property in Nevada, US.
Five holes returned continuous mineralised intervals ranging from 21m–46m, including 46m @ 0.6 grams per tonne gold (Au) and 1.95g/t silver (Ag) from surface.
The interval included 3m @ 4.83g/t Au and 7g/t Ag from 27m. Other results comprised 43m @ 0.49g/t Au and 3.89g/t Ag from 52m, including 9m @ 1.67g/t Au and 11.53g/t Ag, and 21m @ 0.57g/t Au and 8.43g/t Ag from 12m.
All five mineralised holes intersected more than 21m of mineralisation beginning within 15m of surface. A sixth hole was abandoned before reaching the target horizon.
The drilling tested up-dip extensions of known mineralisation along the deposit’s approximately 1.25km strike, as well as selected deeper areas.
CEO Richard Kern says the results met the company’s expectations for grade and intercept thickness.
“Drilling the up-dip extensions of mineralisation along the current 1.25km strike length has the potential to significantly expand the existing resource,” Kern says.
Iconic notes it has completed 15 core holes under the first phase of the program. A second batch of core is undergoing analysis at ALS (ASX:ALQ), while the final batch is being cut and sampled.
The company describes the reported intervals as ‘leachable-grade’, although metallurgical testing has yet to verify recoveries. Initial test work is planned after the remaining assays are received.
New Pass hosts a historical 2010 inferred mineral resource of approximately 14.1 million tonnes @ 0.75g/t Au equivalent for 341,750 ounces. This includes 282,986 ounces of gold.
The deposit remains open along strike and at depth.
Write to France Pinzon at Mining.com.au
Images: Iconic Minerals
