Iconic Gold Secures Agreement for Ginette Project in Argentina

International Iconic Gold Exploration Corp. has executed an option and exploration agreement to gain exclusive rights over the 4,951-hectare Ginette Project in Santa Cruz, Argentina. This strategic move aligns with Iconic Gold's aim to strengthen its portfolio in valuable mining locales. The agreement grants the company a three-year exploration period, with a subsequent option to acquire full mining rights for $1 million.

The transaction involves issuing 3,950,000 common shares, valued at approximately $592,500, subject to staged release conditions. The successful exercise of the purchase option would allow the company to take 100% ownership, with Samco S.A. retaining a 1% net smelter royalty, redeemable for $1 million within two years of production.

In conjunction with this acquisition, Iconic Gold plans a private placement to fund exploration and administrative expenses. The management hopes this addition will revitalize interest in the company’s initiatives after a phase of limited activity.