- Iceni Gold (ICL) identifies seven key high priority target areas at its tenement package around the 14 Mile Well project near Laverton in Western Australia
- At one key target, Deep Well, eleven diamond drill holes have been completed for a total of 2183.5 metres
- The company says the drilling at Deep Well was designed to replicate historic drilling, test beneath historic gold results, and test further along strike
- The company also says it has not intersected economic gold mineralisation at Deep Well and is still awaiting results from a 6860 metre aircore drilling program
- Shares finished the trading day down 19.4 per cent, trading at 14.5 cents
Iceni Gold (ICL) has identified seven key high priority target areas at its tenement package around the 14 Mile Well project near Laverton in Western Australia.
At one key target, Deep Well, eleven diamond drill holes have been completed for a total of 2183.5 metres.
The company said the drilling at Deep Well was designed to replicate historic drilling, test beneath historic gold results, and test further along strike.
The diamond drilling identified a large hydrothermal alteration system, including sulphides, and also intersected hydrothermally altered syenite and lamprophyre intrusions.
The company also said it has not intersected economic gold mineralisation at Deep Well and is still awaiting results from a 6860-metre aircore drilling program. Iceni anticipates receiving these results in February.
When these results are received in their entirety, Iceni said they will be collectively analysed by an independent consulting geochemist to gain insights into the behaviour and distribution of the pathfinder elements.
Additionally, the company expects the results to assist with identifying alteration and zonation patterns that can vector towards possible gold deposits in this target area.
Shares finished the trading day down 19.4 per cent, trading at 14.5 cents