- Iceni Gold (ICL) intersects gold at Everleigh Well, within its 14 Mile Well project in WA
- The program sought to test beneath the ultrafine gold soil anomaly, an area coincident with a number of geological and geophysical targets
- The latest hole was drilled immediately east of the Castlemaine fault and recorded grades of up to 1.82 g/t gold
- Follow-up on ground exploration work is continuing at the Everleigh Well target and along the Castlemine fault
- Shares are trading 6.08 per cent lower at 8.5 cents each at 12:55 pm AEDT
Iceni Gold (ICL) has intersected gold at Everleigh Well, within its 14 Mile Well project in WA.
The latest results come from one of three diamond holes, completed as part of its 1783-metre drill program.
The program sought to test beneath the ultrafine gold soil anomaly, an area coincident with a number of geological and geophysical targets.
The latest hole was drilled immediately east of the Castlemaine fault and reportedly intersected Danjo Monzogranite along its entire length.
The company recorded grades of up to 1.82 grams per tonne (g/t) gold.
It believes this is highly encouraging as it demonstrates that gold is present to the east of Castlemine fault and is being deposited within the granite.
Iceni has launched an integrated geophysical program to support ongoing exploration at the Everleigh Well target area.
Follow-up on ground exploration work is continuing at the Everleigh Well target and along the Castlemine fault.
Shares were trading 6.08 per cent lower at 8.5 cents each at 12:55 pm AEDT.