Iconic Minerals Ltd.
Iconic Minerals Ltd. (TSXV:ICM) is focused on expanding and developing oxide gold resources in Nevada's Carlin-type gold trend, alongside separate lithium exploration projects. Its flagship New Pass Gold Property (2,140 ha, Churchill County, Nevada, ~150 miles east of Reno) is a 50/50 joint venture with McEwen Mining Inc. and carries a historical Inferred estimate from 2010 across 15.5 million short tons (about 75% oxide) totalling approximately 341,750 oz gold-equivalent, which the company presents as historical; no current resource has been estimated. Over 30,553 metres have been drilled across 329 holes at New Pass, and an approved Plan of Operations permits ongoing resource-expansion drilling. Iconic also holds a 50% interest in Midas South (Elko County, Nevada) and in the separate New Pass lithium claims, plus 100% of the Grass Valley lithium property (Lander County, Nevada) and the Smith Creek Lithium Property.
Notable vs. Peers
- Trading within 6% of its 52-week low — weak recent price momentum.
Lifecycle Milestones
Not yet determined: mill, tailings facility, grid power.
Jurisdiction (40%)9/10
Nevada: Fraser PPI 2025 is 100.00 of 100 (rank 1 of 68), which maps to 9 on this site's scale. New Pass is in Churchill County, Nevada, USA -- Tier-1 mining jurisdiction, part of the Carlin-type gold trend.
Infrastructure (40%)6.4/10
Confirmed road access at New Pass Gold Property, Churchill County, Nevada, USA; existing mill, grid power, and tailings facility not yet researched, counted at a neutral 5/10 until established.
Nearby producing mine (20%)Not yet researched
No producing mine within 50 km in our reference list (nearest listed: Rochester (Coeur Mining, Inc.), 95 km). That list doesn't cover every mining district yet, so a longer distance isn't scored as remote.
Acquisition Susceptibility
A relative ranking of how closely this company matches the profile of juniors that have actually been acquired — not a probability, and not a reason to buy. Acquisitions are rare: only a few dozen significant deals happen a year across a universe of thousands of juniors, so even a high score here describes a long shot. The strongest signal in the research, a producer that already owns part of the company, is scored from its disclosed strategic shareholders. A producer that is a joint-venture or earn-in partner on the project, rather than a shareholder, isn't captured yet.
How this score is built
- Disclosed pending dealSub-score: Not scored
No pending acquisition or merger disclosed (checked)
Not scored: having no deal in flight isn't held against a company.
Weight 26.25% - Producer's strategic stakeSub-score: Not scored
No producer holds a disclosed stake on file (holder register researched) See holders
Not scored: most juniors that do get bought had no prior toehold, so a missing stake says little either way.
Weight 25% - Distance to a producing mineSub-score:3.5/10
Nearest producing mine: Rochester (Coeur Mining, Inc.), 95 km
10 next to a producing mine, 8 at 20 km, 5 at 50 km, 0 beyond 200 km.
Weight 22.5% · 46% here - Lifecycle stageSub-score:1/10
Stage: Grassroots Exploration
Feasibility and permitting score 10, where deals cluster, and production 5.5; earlier stages score less, down to 1 at grassroots.
Weight 15% · 31% here - JurisdictionSub-score:9/10
United States: jurisdiction score 9/10
Our jurisdiction score, used as is: higher means lower political and permitting risk.
Weight 6.75% · 14% here - CommoditySub-score:10/10
Primary commodity: Gold
Gold 10, copper 8, silver 5, nickel and uranium 4, others 2: most majors' deals are for gold.
Weight 4.5% · 9% here
Weight is each input's share of the full score. “Here” is its share of this company's score: inputs that aren't scored are left out and the rest re-weighted, never counted as zero.
Trend data collecting — check back after a few more refreshes.
Your Rankings
Management Team
President and Chief Executive Officer of Iconic Minerals Ltd., B.Sc., M.Sc., P.Geo. More than 25 years' base- and precious-metals exploration experience, having held senior roles at major mining companies. Focused on Nevada-based gold exploration and development projects.
Chief Financial Officer and Secretary of Iconic Minerals Ltd., CPA, CGA. More than 30 years' accounting and financial-management experience across resource sectors.
Vice President, Corporate Development and Director of Iconic Minerals Ltd., serving in the corporate-development role since 2013 and joining the board in 2019. Over 18 years' experience in corporate finance and development.
Insiders, Investors & Smart Money
Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.
Iconic Minerals holds a 50/50 joint venture with McEwen Mining -- a well-known mid-tier gold producer -- on the New Pass Gold Property, and the joint venture is active: drilling began in May 2026, core samples went in for analysis in June, and positive assay results were reported on 13 August 2026. No named specialist fund holds a disclosed position, and there are no insider trading records in our data.
No notable insiders tracked for this miner yet.
Reports, Presentations & Documents
Iconic Minerals is focused on oxide gold in Nevada, where its flagship New Pass Gold Property in Churchill County is a 50/50 joint venture with McEwen Mining. New Pass carries a 2010 Inferred estimate of about 341,750 oz gold-equivalent in 15.5 million short tons, which the company presents as historical, and no current resource has been estimated. All 15 core holes of its 2026 program are complete, and five of six holes in the second batch of assays returned continuous near-surface gold-silver intervals of 70 to 150 feet outside the historic resource. Iconic also holds 50% of Midas South and of the New Pass lithium claims, plus 100% of the Grass Valley and Smith Creek lithium properties in Nevada.
No reports or presentations linked yet.