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- Iceni Gold (ICL) uncovers more gold along the 15-kilometre-long trend at its Guyer target area in Western Australia
- The company discovered a nearly 1.5-ounce gold nugget which it believes further supports the prospectivity of Guyer North
- To date, ICL has discovered more than 780 gold nuggets along the Guyer trend, with more than 80 nuggets recovered in the past month
- Exploration drilling is expected to begin in the coming weeks at Guyer North
- Shares in ICL shot up nearly 5 per cent, trading at 11 cents at 11:45 am AEST
Iceni Gold (ICL) has made further gold finds along the 15-kilometre-long trend at its Guyer target area in Western Australia.
The company recently discovered a nearly 1.5-ounce gold nugget (GY-1), which it believes further supports the prospectivity of Guyer North.
ICL Technical Director David Nixon said this particular discovery was the largest nugget recovered along the trend so far.
To date, Iceni has uncovered more than 780 gold nuggets along the trend, with more than 80 nuggets recovered in the past month.
“The best pathfinder for the discovery of gold is the discovery of gold itself and the discovery of nearly 800 gold nuggets along the Guyer trend is a very good sign,” ICL Executive Chair Brian Rodan said.
The company reported Guyer North is being designed and prepared for exploration drilling, which is expected to begin in the coming weeks.
“The specimen GY-1 provides further support for the prospectivity of the Guyer North target area,” Mr Nixon added.
“There is sufficient evidence of gold mineralisation localised along the Guyer North Ridge to justify drill testing.”
Assays from aircore drilling, UFF soils and rock chip sampling, historic workings and gold nuggets have aided in narrowing a clear exploration focus at Guyer North for around 2.5 kilometres.
The company also announced geological fieldwork, mapping and rock chip sampling would continue along the entire Guyer trend in the meantime.
Shares in ICL shot up nearly 5 per cent, trading at 11 cents at 11:45 am AEST.
