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Iceni Gold Grows Guyer with Further Strong Gold Intersections

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THE DRILL SERGEANT: Iceni Gold (ASX: ICL) continues its AC drilling activities at the company’s 14 Mile Well gold project, located between Leonora and Laverton in Western Australia.

Iceni Gold released results from the third aircore (AC) drill campaign undertaken at the 14 Mile Well gold project that targeted a granite-greenstone contact along the 15km long Guyer Trend.

The company declared the recent drilling enhanced a coherent 6km long bedrock gold anomaly at Guyer North that is now up to 950m wide.

Iceni explained that the drilling had intersected broad downhole intervals of gold mineralisation in multiple vertical holes on four 400m spaced infill drill traverses at Guyer North, from which it has outlined a 1500m long +0.5 grams per tonne gold bedrock anomaly within the broader 6km gold trend.

Results from the latest drill campaign include:

FMAC1098
8m at 1.16 grams per tonne gold from 72m to EOH, including 4m at 2g/t gold from 72m;

FMAC1099
4m at 1.7g/t gold from 72m;

FMAC1102
5m at 1.12g/t gold from 68m to EOH, including 4m at 1.36g/t gold from 68m; and

FMAC1104
9m at 0.7g/t gold from 56m to EOH, including 4m at 1.18g/t gold from 56m.

“The Guyer trend continues to deliver promising gold results that expands the bedrock anomaly from each successive aircore drilling campaign, with the limits yet to be defined,” Iceni Gold managing director Wade Johnson said in the company’s ASX announcement.

“We are very pleased with the recent drill results, which are the best to date and now highlight a stronger signature within the granitic bedrock west of the granite-greenstone contact at Guyer North.

“This area of elevated gold in granite now provides a key target for follow up aircore drilling that will commence shortly.

“Our focus to explore targets under thick transported cover at the 14 Mile Well project has delivered early and quick success that we aim to capitalise on.

“We now have a flagship prospect to focus our exploration efforts on, and one where we are getting closer to a primary source.

“The pending focussed aircore drilling campaign at Guyer is aimed at delivering multiple locations along the corridor for deeper RC and diamond drilling evaluating the primary system.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Iceni Gold makes Vein Gold Discovery to Expand Christmas Gift Shear

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THE DRILL SERGEANT: Iceni Gold (ASX: ICL) enjoyed a 300 per cent share price spurt on the back of an exploration update on recent work conducted on the company’s 14 Mile Well gold project in Western Australia.

Fieldwork undertaken at the Christmas Gift prospect in the Everleigh Well area has exposed multiple spectacular gold bearing quartz veinlets within a narrow, sheared basalt-interflow sediment contact.

Christmas Gift is located within the Everleigh Well Target area that is central to the 14 Mile Well project.

The Christmas Gift prospect is located at one of the historical workings and where sampling by the company during 2023 confirmed the presence of the narrow high-grade quartz vein with abundant visible gold.

Recent exploration work to better expose the gold bearing lithological unit has resulted in the discovery of further spectacular narrow quartz veinlets containing visible gold, and that has greatly enhanced the understanding of controls on the gold bearing structure.

Iceni Gold managing director Wade Johnson said in the company’s ASX announcement.
“The shallow excavation and sampling activities at Christmas Gift exposing the rich gold bearing quartz veinlets within the shear zone is an exciting development for the company,” Iceni Gold managing director Wade Johnson said in the company’s ASX announcement.

“The additional fieldwork has improved our knowledge of the host structure, that has advanced our understanding to further explore the Christmas Gift structure, but also provides a geological model that we can apply elsewhere in the Everleigh Well area.

“The strike length of the structure is open; drill sites have been prepared and we are looking forward to commencing drilling shortly to evaluate the down dip extent of the structure and rapidly advance this priority target.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Iceni Gold Conducts 14 Mile Well Drilling

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THE DRILL SERGEANT: Iceni Gold (ASX: ICL) provided the market with an update on recent exploration activities undertaken on the company’s 14 Mile Well gold project in Western Australia.

Iceni Gold carried out Reverse Circulation (RC) drilling comprising 33 holes on several high priority gold and lithium targets including Claypan, Breakaway, Monument Area, and Guyer Well.

Results from the drilling included:

Guyer Northwest
FMRC0020
4 metres at 0.37 grams per tonne gold from 80m, including 2m at 0.62g/t gold from 80m;

FMRC0009
4m at 0.11g/t gold from 46m;

Monument North
FMRC0004
12m at 0.16g/t gold from 28m; and

Monument South
FMRC0015
2m at 0.38 g/t gold from 14m.

Iceni Gold indicated it was now looking at possible drilling to test beneath the RC intercepts to assess the potential for basement sulphide mineralisation.

Drillholes are currently being designed for other targets at Everleigh Well, Goose Well and Crossroads.

“Drilling was conducted on a number of targets within the 900 square kilometre tenement package in November and December 2023, with a specific focus at Guyer Well which had previously returned significant gold assay results,” Iceni Gold explained in its ASX announcement.

“The RC drilling intersected a number of low-grade (<1g/t) mineralised shears hosted in three adjacent holes confirming the continuity of the mineralised zone.

“Multiple narrow anomalous results were also returned from the drilling and a systematic study of the results will determine the next phase of exploration work.

“Drilling is currently being considered to test beneath the Guyer RC intercepts to assess the potential for basement mineralisation.

“Though the recent round of drilling results is less than desirable it does demonstrate that the 15km long Guyer Shear hosts low grade gold mineralisation and that the focus is now along strike and down dip to test for potential gold deposition trap sites.

“Whilst the Guyer area is being assessed for deeper RC drilling the company will prepare Everleigh Well and Crossroads for the first round of drilling on these targets.

“The company is currently well advanced in selling all surplus equipment, which primarily consists of a Mobile Trailer Camp facility and miscellaneous equipment.

“Sale of these assets are expected to realise significant proceeds by the end of the quarter.”