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Iceni Gold Limited (ASX: ICL)(Iceni or the Company) is pleased to provide an exploration update on further work conducted on the 14 Mile Well Gold Project.
Highlights
- Further fieldwork at the Christmas Gift prospect in the priority Everleigh Well target area has extended the host shear structure, as well as returning additional gold bearing quartz veinlets and high-grade gold rock chip results.
- Additional high-grade rock chip assay results returned from the newly exposed sample trenches include:
- 158.00g/t Au, 93.50g/t Au and 43.20g/t Au
- These results continue on from previously announced ultra high-grade rock chip assay results, including;
- 18,207g/t Au, 18,179g/t Au, 16,776g/t Au, 16,659g/t Au, 14,780g/t Au
- Multiple shallow surface excavations along the trend have now exposed and extended the shear structure over an approximately 50m strike length that is open.
- Diamond Drilling contractors are in the process of being secured and a further announcement will be made soon in relation to mobilisation.
Figure 1 Gold* bearing quartz specimen vein sample collected from the sample trench over the Christmas Gift shear*Visual estimates of mineral abundance should never be considered a proxy or substitute for laboratory analyses where concentrations or grades are the factor of principal economic interest. Visual estimates also potentially provide no information regarding impurities or deleterious physical properties relevant to valuations.
Commenting on the sampling results, Managing Director Wade Johnson said:
“The recent field activities and assay results at our Christmas Gift prospect provide further support to the prospectivity of this new high-grade discovery within our large 14 Mile Well Project. We are excited by the further high-grade rock chip results and shallow surface activities that now demonstrates a strike length of at least 50m to the structure that is open. The geological characteristics of the Christmas Gift structure does provide key information and a target style to explore the greater Everleigh area for additional gold mineralisation and further develop the geological model in this area. A diamond drill rig is in the process of being secured, the drill sites prepared, and we are poised to commence our maiden drill program at Christmas Gift.”
Christmas Gift Prospect
Christmas Gift is located within the priority Everleigh Well Target area (“Everleigh”), that is central to the 14 Mile Well Project. The Everleigh area forms part of the historic Redcastle gold mining centre, renowned for its prolific gold nugget finds, which was discovered in 1894. Everleigh also contains a number of historical prospecting pits, shafts and shallow workings in additional numerous alluvial gold workings distributed over a wide area. The largest historical workings in this Everleigh area are the Castlemaine Gold workings location to the south of the Christmas Gift (see Figure 5). Alluvial gold nuggets continue to be found in the area.
The Christmas Gift Prospect is located at one of the historical workings and where sampling by the Company during 2023 confirmed the presence of the narrow high-grade quartz veinlets with abundant visible gold (ASX release 8 June 2023).
Further exploration work by the Company consisted of extending the original sample pit previously exposed (ASX release 8 June 2024) and excavation of five shallow sample pits (costeans) along strike to expose the Christmas Gift shear beneath the shallow (0.5m) cover. This work has demonstrated the shear now extends to approximately 50m along strike and is open. In addition, the shear structure maintains a consistent 1m true width which trends approximately northwest and dips 55 degrees to the northeast (Figure 4).
The original trench (ASX release 8 May 2024) was also extended to the south, toward and adjacent to the historical shaft. This work further exposed the gold bearing lithological unit (shear) and exposed additional spectacular narrow quartz veinlets containing visible gold (Figure 1 & Table 1) that has provided additional important geological information to the characteristics of the gold bearing structure. The Christmas Gift shear is interpreted to be a sheared interflow sediment -basalt contact bounded by massive basalt.
The combination of the previous and recent work by the Company has now confirmed the Christmas Gift shear has a strike length of at least 50m, is open, maintains a width of approximately 1m and has further enhanced the prospectivity of the target.
Results from multiple rock chip samples (Appendix 1) collected from the sample pits to test the different lithologies, including the quartz veinlets within the main Christmas Gift shear zone and the surrounding massive basalt host, support the high-grade character of the structure. Significant high-grade gold results (Table 1) include 158g/t Au and 93.5g/t Au returned from rock samples (including quartz veining collected from the shear).
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.
ICL:AU
Reviving the Walker Lane Trend — Nevada’s Next Golden Frontier
Reintroducing the Walker Lane Trend
Walker Lane is currently one of the hottest, if not the hottest, exploration area plays in the US and is known for its high-grade gold and silver discoveries. The trend is a geologic trough extending along the California-Nevada border, characterized by its sinistral strike-slip faults that have shaped the regional topography. This area has been a focal point for understanding the geological processes that formed the Sierra Nevada mountains and surrounding regions.
Unlike the well-known Carlin and Cortez trends, which are primarily associated with sediment-hosted gold deposits, the Walker Lane is renowned for its diversity of mineral occurrences, including epithermal gold-silver deposits and porphyry copper systems. This geological variety offers explorers a wider range of potential discoveries.
The trend's resurgence can be attributed to advances in exploration techniques, a favorable precious metals market and the increasing demand for domestic mineral resources. Ongoing geological studies and detailed mapping efforts are refining our understanding of the Walker Lane, enhancing the potential for new ore deposit discoveries.
Currently, the Walker Lane Trend hosts several significant precious metal deposits, including Comstock Lode, Round Mountain (Kinross Gold (TSX:K,NYSE:KGC)), Silicon and Merlin (AngloGold Ashanti (NYSE:AU,JSE:ANG)) and Mesquite and Castle (Equinox Gold (TSX:EQX,NYSEAMERICAN:EQX)).
Nevada's favorable infrastructure, skilled laborforce and supportive permitting environment contribute to its high investment attractiveness. The state ranked second globally in the 2023 Fraser Institute Mining Industry Survey.
Macro drivers fueling investor interest
As of the beginning of 2025, the outlook for precious metals, particularly gold and silver, remained optimistic.
Analysts predict the gold price could reach up to US$3,200 per ounce by the end of 2025, driven by potential US Federal Reserve rate cuts and persistent geopolitical tensions. Silver is also expected to perform well, with strong bull market dynamics suggesting a solid upward trajectory. These positive forecasts for precious metals are bolstering interest in exploration and mining activities within the Walker Lane Trend.
Furthermore, there's a growing push in the US to enhance domestic metal supply. This initiative is driven by increasing federal debt and shifting global trade relationships, emphasizing the need for self-sufficiency in critical raw materials. Nevada, with its stable political environment and rich mineral endowment, is perfectly positioned to meet this demand, attracting significant capital inflows to low-risk jurisdictions like the Walker Lane Trend.
Key traits of high-potential juniors in the region
Investors looking to capitalize on the Walker Lane's potential should focus on junior exploration companies that exhibit the following characteristics:
- Robust project pipeline: Companies with a mix of grassroots exploration and advanced-stage assets demonstrate long-term potential and near-term catalysts.
- Experienced management: Teams with a proven track record in mining and exploration are crucial for navigating the complexities of resource exploration and development.
- Strategic land package: The quality and location of land holdings are vital. Companies with 100 percent ownership of their projects can leverage their assets more effectively.
- Infrastructure access: Proximity to existing infrastructure can significantly reduce operational costs and improve project feasibility.
Additionally, investors should look for companies with clear catalysts for value creation, such as upcoming drill programs, resource estimates or strategic partnerships. The potential for consolidation and strategic positioning in the early stages of growth can also be a significant factor in a company's success.
Walker Lane Resources: A case study in strategic repositioning
Walker Lane Resources (TSXV:WLR), formerly known as CMC Metals, exemplifies the emerging narrative of the Walker Lane Trend. The company's recent rebranding and strategic repositioning reflect its commitment to capitalizing on the opportunities within this geologically rich region.
Walker Lane Resources’ project location.
On March 21, 2025, Walker Lane Resources announced its name change and share consolidation, signaling a renewed focus on exploring and developing projects within Nevada's Walker Lane Trend.
The company has expanded its footprint in the Walker Lane Gold Trend by optioning three properties — Tule Canyon, Cambridge and Silver Mountain — from Silver Range Resources (TSXV:SNG). Additionally, Walker Lane secured a right-of-first-refusal on the Shamrock property in eastern Nevada. These acquisitions align with the company's strategy to establish a year-round exploration portfolio in a region renowned for its rich mining history and underexplored potential.
This strategic shift aligns Walker Lane Resources with the growing investor interest in domestic metal supplies and the favorable outlook for precious metals. The company's low valuation, combined with its strong upside potential and Nevada focus, makes it an intriguing case study for investors looking to gain exposure to the Walker Lane Trend's resurgence.
Investor takeaway
The Walker Lane Trend offers a unique blend of historical production and untapped potential. As market momentum builds, identifying the right players early can be highly beneficial for investors.
Companies like Walker Lane Resources, with their strategic focus on this trend, represent the kind of opportunities that savvy investors are seeking in the current market environment.
The combination of favorable macroeconomic factors, increasing demand for domestic metal supplies and the geological richness of the Walker Lane Trend creates a compelling narrative for investment. As exploration activities intensify and new discoveries are made, the Walker Lane may well become the next frontier in Nevada's storied mining history.
This INNSpired article is sponsored by Walker Lane Resources (TSXV:WLR). This INNSpired article provides information which was sourced by the Investing News Network (INN) and approved by Walker Lane Resourcesin order to help investors learn more about the company. Walker Lane Resources is a client of INN. The company’s campaign fees pay for INN to create and update this INNSpired article.
This INNSpired article was written according to INN editorial standards to educate investors.
INN does not provide investment advice and the information on this profile should not be considered a recommendation to buy or sell any security. INN does not endorse or recommend the business, products, services or securities of any company profiled.
The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with Walker Lane Resourcesand seek advice from a qualified investment advisor.
Triumph Gold
Investor Insight
Triumph Gold offers investors exposure to a multi-million ounce gold resource base with established deposits, significant expansion potential, and new discovery opportunities across a true district-scale land package, all strategically positioned in the mining-friendly Yukon.
Overview
Triumph Gold (TSXV:TIG,OTC:TIGCF) is a Canadian gold exploration company strategically positioned to capitalize on the rising gold market. The company is primarily focused on advancing its 100 percent owned Freegold Mountain project, a district-scale property located in the Yukon Territory's prolific Dawson Range gold-copper belt.
Founded with a vision to discover and develop significant precious metal resources, Triumph Gold has assembled a portfolio centered around its flagship Freegold Mountain project. With over 20 mineralized zones identified along a 34 km stretch of the Big Creek Fault system, the company possesses significant exploration upside with established resources across multiple deposits. The project benefits from excellent infrastructure, being accessible via all-weather government roads, which provides cost advantages compared to more remote exploration projects.
The Yukon Territory has a storied history as one of the world's most famous gold jurisdictions, dating back to the legendary Klondike Gold Rush of the late 1890s that drew over 100,000 prospectors to the region. Today, the territory continues to be recognized as one of the world's premier exploration destinations, hosting world-class deposits like Victoria Gold's Eagle mine (3.3 million ounces), Western Copper's Casino project (8.9 million ounces gold, 4.5 billion pounds copper), and Newmont's Coffee project (4 million ounces).
The Yukon government has consistently demonstrated strong support for responsible mining development. The territory offers a stable regulatory environment, clear permitting processes, and collaborative relationships with First Nations, making it an attractive jurisdiction for resource development. Additionally, the Yukon Resource Gateway Project, a $360 million infrastructure initiative, continues to improve access to mineral-rich areas throughout the territory.
With geopolitical tensions, inflationary pressures, and currency devaluation concerns driving investor interest in safe-haven assets, gold exploration companies with substantial resource potential like Triumph Gold are well-positioned to benefit from this strengthening market cycle.
Company Highlights
- Resource Base: Combined indicated resources of 1 million ounces and inferred resources of 1.08 million ounces gold equivalent across the Freegold Mountain project
- Strategic Location: Positioned in the mineral-rich Dawson Range, home to major deposits including Newmont's Coffee, Western Copper's Casino, and Pembridge's Minto mine
- Multiple Deposit Types: Mineralization found in various forms (porphyry, epithermal, skarn) providing diversified exploration targets
- Expansion Potential: All deposits remain open in multiple directions with numerous untested satellite targets
- Fully Permitted: Exploration permits in place until 2025-2026 allowing for extensive drilling programs
- Experienced Leadership: Management team with proven track records in mineral exploration, mine development and capital markets
Key Projects
Freegold Mountain Project
The Freegold Mountain project represents Triumph Gold's flagship asset – a district-scale property that spans 34 kilometers along the prolific Big Creek Fault mineralization system in the Yukon. What makes this project particularly compelling is the presence of mineralization in every rock type across the property, including Paleozoic metamorphics, Jurassic intrusives and Cretaceous intrusives, each hosting different styles of precious and base metal deposits.
The project currently hosts three defined deposits – Nucleus, Revenue and Tinta Hill – with a combined resource of more than 2 million ounces of gold equivalent. What's particularly exciting about Freegold Mountain is that these deposits represent just a fraction of the more than 20 mineralized zones identified across the property. With extensive permitted exploration programs, ongoing geological work, and vast untested areas, Freegold Mountain exemplifies true district-scale potential where new discoveries could substantially increase the overall resource base.
Nucleus Deposit
The Nucleus deposit represents a compelling bulk tonnage oxide gold opportunity with similarities to Victoria Gold's Eagle mine. With indicated resources of 748,000 ounces gold equivalent and inferred resources of 189,000 ounces gold equivalent, the deposit features favorable metallurgy with approximately 77 percent cyanide recoverable gold based on preliminary testing. Recent drilling has expanded the resource by 50 to 100 meters both laterally and vertically, with mineralization remaining open in all directions. Drilling has also confirmed significant oxide mineralization extending up to 150 meters vertically, enhancing the potential for heap leach processing.
Revenue Deposit
The Revenue deposit is a substantial porphyry system with indicated resources of 252,000 ounces and inferred resources of 677,000 ounces gold equivalent. It shows similarities to Western Copper's Casino deposit but with double the gold grade. The deposit contains multiple high-grade zones including the Blue Sky and WAu zones, which were expanded through recent drilling programs. The company has identified a more than 5 km structural trend connecting various mineralized zones, suggesting significant resource expansion potential. Geophysical and geochemical surveys have identified numerous untested anomalies worth exploring.
Revenue - Casino deposits comparison
Tinta Hill Deposit
With inferred resources of 216,000 ounces gold equivalent, Tinta Hill is a polymetallic deposit with substantial gold, silver, copper, lead and zinc values. The property has historical underground development including two adits with extensive drifting completed in 1980-1981. There's a 25,000-ton stockpile from previous mining operations that could represent near-term cash flow potential. The deposit remains open along strike and at depth, with opportunities to extend mineralization through additional IP and ground magnetic surveys.
Exploration Properties
Beyond the three established deposits, Triumph Gold holds several promising early-stage exploration targets across the Freegold Mountain Project and beyond, including:
- Melissa Zone: A drill-ready target with similarities to the Nucleus deposit, featuring anomalous gold in rock samples and coincident multi-element soil and geophysical anomalies
- Tad/Toro-Big Creek: Located approximately 50 km southeast of the Casino deposit, showing intermediate sulfidation epithermal and porphyry-style mineralization across multiple zones
- Andalusite Peak: A copper-gold-silver porphyry target with three separate mineralized zones showing high-grade rock samples up to 68 percent copper, 2.77 grams per ton (g/t) gold, and 526 g/t silver
Management Team
John Anderson – Interim CEO and Chairman
With over 20 years of experience in resource sector capital marketing, John Anderson brings strategic vision to company growth and management. His extensive background in capital formation and corporate development provides Triumph Gold with strong leadership as it advances its portfolio of projects.
Brian Bower – Lead Director
Brian Bower contributes 30 years of experience in exploration and mining to the Triumph Gold team. He has been a key member in the development of several significant mining projects including New Afton, Kemess South, Blackwater, Mount Milligan mines and the Casino deposit, bringing valuable technical and operational insights to the company's development strategies.
Jesse Halle – VP Exploration
With more than 25 years of experience in mineral exploration, Jesse Halle has specialized in advancing multiple porphyry copper-gold deposits in Yukon and British Columbia. His extensive work with similar deposits, including the Casino and Copper Mountain deposits, brings critical technical expertise to Triumph's exploration programs.
Marty Henning – Principal Geologist
Marty Henning contributes over 15 years of mineral exploration and mining experience to the team. His background includes focused work on construction, production and exploration at the New Afton block cave mine, providing valuable operational perspective to Triumph's exploration approach.
Graeme Hopkins – Chief Technical Officer
With 20 years of experience in data management and GIS, Graeme Hopkins has been involved with the Freegold Mountain project since 2008. His long-term knowledge of the project and technical expertise provides valuable continuity and insight to Triumph's exploration and development activities.
Emily Halle – Project Manager
Emily Halle brings over 15 years of experience in exploration and project management to the team. Her focus on porphyry copper-gold systems in British Columbia and Yukon, combined with additional experience in South Africa, Alaska and Eastern Canada, ensures efficient and effective management of Triumph's exploration programs.
