- Iceni Gold (ICL) confirms the presence of gold at the Guyer Central target within its 14 Mile Well project in Western Australia
- Results from the company’s latest bout of air core (AC) drilling returned gold mineralisation present along a six kilometre strike line, coinciding with other elements including silver, antimony and tellurium
- Technical Director David Nixon says the mineralised trends form attractive exploration targets for future exploration programs in the Guyer target area
- Shares in Iceni Gold last traded at 13 cents at 4:00 pm AEDT
Iceni Gold (ICL) has confirmed the presence of gold at the Guyer Central target within its 14 Mile Well project near Laverton in Western Australia.
Results from the company’s latest aircore (AC) drilling program showed gold mineralisation present along a six kilometre strike line, coinciding with other elements including silver, antimony and tellurium in surface rock chip sampling.
The company said these gold anomalous AC holes form clusters that correlate with the eastern contact of the Danjo Granite and an adjacent BIF unit.
Technical Director David Nixon said the wide spaced AC drilling was designed as a broad-brush test across the Guyer Shear.
“With the AC lines at a broad spacing of 700 metres to 1.2 kilometres, the 11 kilometre length of the granite-greenstone contact remains largely untested,” Mr Nixon said.
“These mineralised trends form attractive exploration targets for future exploration programs in the Guyer target area.”
The Laverton-Leonora district is known to host large gold deposits associated with BIF or granite-greenstone contacts.
Shares in Iceni Gold last traded at 13 cents at 4:00 pm AEDT.