Iconic Minerals Ltd. announced the completion of updated NI 43-101 technical reports on both the Smith Creek and Grass Valley projects. The Smith Creek report has been updated to include a new MT survey that has discovered a new area of potential thick brine that led the Company to expand its claim block. Grass Valley has included a new mud rotary drill hole within its report.

Both reports contain updated budgets for recommended additional geophysics, including seismic surveys, to better define drill targets. Both reports are pending NI 43-101 approval and may undergo some revisions.