Iceni Gold Limited (ASX: ICL)

Drilling to Commence on Gold and Lithium Targets

Iceni Gold Limited (ASX: ICL)(Iceni or the Company) is pleased to provide an exploration update on the commencement of drilling at highly prospective targets within the 14 Mile Well Project.

Highlights

  • An RC drilling contractor has been engaged and is mobilising to site, with drilling activities to commence this week.
  • Access and drill pads have been established on site for the commencement of drilling.
  • Initial targets planned to be tested include:
    • The Breakaway Well gold anomaly.
    • Monument lithium anomaly.
    • The Monument North shear zone hosted gold anomaly.
    • Intrusion related gold anomaly at Claypan.

GM Exploration David Nixon commented:

“Preparations have been underway in recent weeks for the upcoming RC drilling program and include heritage surveys, establishing site access and drill pads. The drilling rig will mobilise to site this week and commence the drilling program, testing targets in the Claypan, Breakaway and Monument target areas. The geological team are excited to commence drilling and test the anomalous targets”.

Figure 1 Iceni field crew pegging proposed drillholes in preparation for drilling (ASX release 24 October 2023).

14 Mile Well Project

Iceni Gold Limited is a Perth based exploration company that operates the 14 Mile Well Gold Project in the Laverton Greenstone Belt. The ~900km2 14 Mile Well tenement package is situated on the western shores of Lake Carey, ~50km from Laverton in Western Australia. Iceni is searching for the three styles of gold mineralisation that are known to exist within the Laverton-Leonora District, as well as nickel and lithium:

  • Intrusion Related Gold (IRG)
    • Strong association between gold and syenite intrusions within the Laverton-Leonora District.
    • Analogous to the Wallaby, Jupiter and Cameron Well gold deposits.
  • Orogenic Lode Gold
    • Related to deep tapping structures and their associated second/third order splays.
    • Significant gold deposits in the district include Granny Smith, Sunrise Dam and Mt Morgans.
  • Volcanogenic Massive Sulphides (VMS)
    • Related to geothermal vents on the ancient sea floor.
    • Favourable geological environment, with VMS deposits known in the district, for example Teutonic Bore, Anaconda and Jaguar.
  • Nickel
    • Related to ultramafic volcanics and intrusions.
    • Three significant nickel projects are within a 50km radius, being Murrin Murrin, Kilkenny/Eucalyptus and Windarra.
  • Lithium
    • Related to pegmatites and felsic intrusions into mafic-ultramafic sequences.
    • Pegmatites intruding mafic-ultramafic sequences have been mapped by the GSWA in the district.

Figure 2 Location of Iceni’s 14 Mile Well project within the highly gold endowed Laverton-Leonora District (ASX release 8 August 2023).

Click here for the full ASX Release

This article includes content from Iceni Gold, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

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