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Goldman Iceni Gold confirms robust gold intersections at 14 Mile Well
Iceni Gold Limited (ASX:ICL) has reported results from a major aircore (AC) drilling campaign along the Guyer Trend within its 14 Mile Well Gold Project located between Leonora and Laverton.
The campaign comprised 221 holes for 14,486m, targeting extensions to a 6km long bedrock gold anomaly at Guyer North. The results have outlined three new robust +1,200m long +0.1g/t gold bedrock anomalies within the broader 11.5km Guyer Trend.
Best intercepts from the program included:
- 4m @ 7.84 g/t Au from 8m in GUYAC0221
- 6m @ 2.98 g/t Au from 76m to EOH in GUYAC0135, including 4m @ 4.35 g/t Au from 76m
- 4m @ 4.21 g/t Au from 52m in GUYAC0169
- 8m @ 1.04 g/t Au from 64m to EOH in GUYAC0172, including 2m @ 2.77 g/t Au from 68m
- 8m @ 1.04 g/t Au from 36m in GUYAC0222, including 4m @ 1.82 g/t Au from 36m
The results represent some of the strongest AC drill intercepts from Guyer to date. A follow-up RC drilling program is being finalised to commence in mid-July as part of the $5 million minimum expenditure by Gold Road Resources under the existing Farm-In agreement.
Iceni Managing Director, Wade Johnson, said:
We are excited by the results from the recent AC campaign at Guyer that have expanded the strike continuity of the anomaly to the full length of the granite greenstone contact and intersected high-grade gold mineralisation. These are some of the best ever gold intercepts from aircore drilling at Guyer and reinforce our belief that this mineral system, hidden beneath transported cover, has the characteristics to potentially deliver a significant primary gold system.
The dimensions of the Guyer bedrock gold anomaly keep on expanding, with positive results from each successive aircore drilling campaign, and now support a large gold anomaly hosted predominantly by granite that is open along strike to the south. We are very pleased with the drill results from the fifth aircore drill program, which build upon previous results and now highlight three new stronger gold anomalies within the granitic bedrock west or near to the granite-greenstone contact to the south of the main Guyer anomaly.
The new gold anomalies in granite now provide an additional suite of targets for a second phase of RC drilling to evaluate the primary zone that will commence shortly, backed and funded by Gold Road Resources. Our exploration in 2024 has laid the foundations for our focus in 2025 and we continue to gear up for a big and successful year at the 14 Mile Well Project, with the immediate focus being Guyer.
