- Iceni Gold (ICL) has provided an update on exploration work at its 14 Mile Well Gold Project, including the discovery of 20 new targets
- The company has been carrying out a range of different exploration works, ahead of a planned drilling campaign
- This latest structural targeting work has identified the new priority targets, while a soil sampling program is aiming to cover the entire tenement package with an extensive grid pattern.
- 14 Mile Well spans 600 square kilometres of land in WA, with six high-priority targets areas already identified
- Drilling is set to begin at the site shortly, with crews gathering on-site to prepare for the upcoming campaign
- Shares in ICL are trading up 6.98 per cent at 23 cents per share
Iceni Gold (ICL) has provided an update on exploration work at its 14 Mile Well Gold Project, including the discovery of 20 new priority targets.
The project is located in WA’s Laverton region and the combined tenements all span across 600 square kilometres — with six high-priority target areas identified.
ICL has been carrying out a range of different exploration works at 14 Mile Well, ahead of a planned drilling campaign to test those six targets.
This latest structural targeting work identified the new priority targets, with a soil sampling program also being carried out.
The program, which consists of 12,500 Ultra Fine Fraction additional soil samples, will cover the entire tenement package with an extensive grid pattern.
Commenting on the work, Iceni Executive Chairman Brian Rodan said this was the first time the land had been consolidated and systematically explored.
“The progress announced today is the beginning of comprehensive testing on a large, consolidated land package for the first time in the history of these tenements, located in a hugely productive and fertile region,” Brian explained.
“The fertility of the region is evidenced by around 25 million ounces of gold having been historically produced within a 50-kilometre radius of the 14 Mile Well Gold Project and provides huge potential to make a significant gold discovery,” he added.
The drilling campaign at 14 Mile Well should kick off soon, with the company stating crews had headed to the site to begin preparing for the drill rig.
Shares in Iceni Gold are trading up 6.98 per cent at 23 cents per share at 1:53 pm AEST on Thursday.