Join our daily newsletter At The Bell to receive exclusive market insights
- Iceni Gold (ICL) has begun receiving results from the first three holes drilled at the Deep Well target area, which forms part of its 14 Mile Well Project
- ICL says the holes have intersected multiple narrow zones of intense alteration across a 200 metre strike, with the drill cores sent off to be assayed
- Iceni has identified six priority targets at 14 Mile Well, which is located near Laverton, WA, with a 25 hold diamond drill program underway
- The drilling at Deep Well is following up on historic exploration work, which found best results of 5 metres at 3.32 grams of gold per tonne (g/t)
- Iceni Gold shares are up 5.26 per cent at 20 cents each at 2:43 pm AEST
Iceni Gold (ICL) has begun receiving results from the first three holes drilled at the Deep Well target area.
Deep Well forms part of ICL’s wider 14 Mile Well Project which is near Laverton, Western Australia.
The materials stock has completed three drill holes to date, with the drill cores all sent off to a lab for assaying.
ICL noted each hole had intersected multiple narrow zones of intense alteration across a 200 metre strike.
It said the zones were “highly visible with bright hematite alteration surrounding quartz veining, notably with tourmaline and pyrite in the alteration mineral assemblage”.
Iceni had identified six high priority targets at 14 Mile Well, with a 25 hole diamond drill program currently underway.
The drilling was designed to test beneath the known gold anomalism in the area as well as to test for extensions down dip and along strike.
It’ll also follow up on historic exploration work undertaken at Deep Well, where best results included 5 meters at 3.32 grams of gold per tonne (g/t).
Following Friday’s drilling update, Iceni Gold shares were trading up 5.26 per cent at 20 cents each at 2:43 pm AEST.
