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.

• 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”.

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