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- Iceni Gold (ICL) has identified a three-kilometre-long soil anomaly at the 14 Mile Well project in WA
- The newly-discovered Guyer anomaly is located within the Guyer target area and is three kilometres long and one kilometre wide
- The anomaly displays a gold-silver-mercury-tellurium geochemical association and is believed to be underlain by basalt
- Guyer is the third anomaly identified at 14 Mile Well and follows the discovery of the East Well anomaly in mid-October
- Company shares are up 3.92 per cent to trade at 26.5 cents
Iceni Gold (ICL) has identified a three-kilometre-long soil anomaly at the 14 Mile Well project in Western Australia.
The gold and multi-element soil anomaly is called “Guyer (14UF003)” and is located within the Guyer target area — one of seven high-priority targets identified.
The anomaly was discovered through an ultra fine fraction (UFF+) soil program which is a process optimised for soil particles less than two microns in size.
Guyer displays a gold-silver-mercury-tellurium geochemical association and is believed to be underlain by basalt. It extends for three kilometres to the north and south and has a one kilometre width to the east and west.
The anomaly is made up of three closely-spaced priority zones. The first consists of coherent gold and multi-element anomalism across four sample lines, the second is also a coherent gold anomaly across two sample lines and the third zone is a narrow gold anomaly across two sample lines.
These sample lines are spaced 400 metres apart with each sample spaced 50 metres apart.
The Guyer anomaly is the third anomaly identified after the discovery of the East Well anomaly was announced in mid-October.
Company shares were up 3.92 per cent to trade at 26.5 cents at 2:17 pm AEDT.
