- Iceni Gold (ICL) reports it’s had more success from diamond drilling at TOTK, hitting a second interval of strong alteration
- ICL is trying to identify the underlying source of the surface gold anomalism and visible gold identified at the area within 14 Mile Well
- This latest interval occurs below a previous drill hole which found strongly altered and sulphide bearing granite and porphyries
- The materials stock says this proves the orientation of the alteration zone is vertical, which will assist in the planning of further drilling
- Company shares are up 2.38 per cent at 21.5 cents each
Iceni Gold (ICL) reports it’s had more success from diamond drilling at TOTK, hitting a second interval of strong alteration.
The TOTK Target Area is located within North-1 — which is one of six targets identified at ICL’s wider 14 Mile Well Project near Laverton, Western Australia.
The materials stock is trying to identify the underlying source of the surface gold anomalism and visible gold identified at the area.
It reports this latest interval occurs below a previous drill hole which found strongly altered and sulphide bearing granite and porphyries.
Iceni said this proves the orientation of the alteration zone is vertical, which will assist in predicting the path of the zone and drive the placement of further drill holes.
The company was now awaiting assay results from the drill core, as ICL continues to follow-up on geochemical sampling.
Previous rock chip results from the sampling at TOTK found bonanza grade results of 135 grams per tonne gold, 1220g/t silver and 0.66g/t tellurium.
Shares in Iceni Gold were trading 2.38 per cent in the green at 21.5 cents each at 1:56 pm AEST.