Iceni Gold Limited

New High-Grade Rock Chip Assays Continue at Everleigh

Iceni Gold Limited (ASX: ICL) (Iceni or the Company) is pleased to provide an exploration update on the Everleigh Well Target Area.


Highlights:
  • Ongoing Fieldwork at the Everleigh Well has returned a number of high-grade rock chip assay results including:

44.2g/t Au 25.1g/t Au 15.1/t Au 14.1g/t Au 10.4g/t Au.

  • The Everleigh high-grade vein trend has been extended to 600m along strike.
  • A second gold bearing vein has been discovered within the Christmas Gift UFF+ anomaly 14UF010.
  • Over 550 gold nuggets of various sizes have also been discovered in the Everleigh Well area to date, including over 150 gold nuggets and specimens in the preceding 4 weeks.
  • Exploration work has located historic workings associated with the sediments and structures at Everleigh.
  • Mineralisation associated with sediment units occurs at major regional mines such as Mt Morgans, Granny Smith, Wallaby and Sunrise Dam.
  • Elevated tellurium (Te) signature in Everleigh rock chip results is similar to nearby gold deposits known to have tellurides, like the Sunrise Dam, Wallaby and Jupiter gold deposits.
  • The Everleigh target area is presently being prepared for the commencement of exploration drilling.


Technical Director David Nixon commented:

“The discovery of a new outcropping quartz vein with visible gold in the Everleigh target area is highly encouraging and confirms the presence of in-situ bedrock gold within the target area.

The high-grade rock chip results from the vein are supported by the underlying UFF+ anomaly and are associated with a key structural intersection and clustering of historic workings.

The Everleigh Well target area continues to deliver in-situ gold bearing rock chips and significant numbers of various sized gold nuggets over the Everleigh area where a number of key targets are being prepared for future exploration drilling”.

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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