Iceni Gold Limited

RC Drill Results Continue to Expand Guyer Footprint

Iceni Gold Limited (ASX: ICL) (Iceni or the Company) is pleased to provide an update on first drill results from the Guyer Prospect, which is subject to a Farm-in Agreement with Gold Road Resources (ASX:GOR). Guyer is within the Company’s flagship 14 Mile Well Gold Project, located between Leonora and Laverton.

Highlights

  • An initial early-stage campaign of 31 RC holes for 6420m on two 1500m spaced drill sections each evaluating +1000m across the aircore bedrock gold anomaly at Guyer is now complete.
  • Results for the first 15 RC holes on drill section 1 have been received, with every drill hole on the first section intersecting gold mineralisation within an altered granodiorite with results including:
    • 10m @ 0.67 g/t Au from 115m in GUYRC0003 Incl. 2m @1.89 g/t Au from 121m
    • 15m @ 0.47 g/t Au from 189m in GUYRC0005 Incl. 1m @ 1.22g/t from 201m
    • 10m @ 0.55 g/t Au from 76m in GUYRC0009 Incl. 1m @1.56 g/t Au from 83m
    • 13m @ 0.52 g/t Au from 78m in GUYRC0013 Incl. 5m @ 1.16 g/t Au from 79m
  • The results confirm and expand upon the broad +1000m wide aircore anomaly, with multiple intervals of gold mineralisation now defined within the primary zone of the granodiorite host.
  • The geology and alteration observed in drill section 2 is consistent with that seen in section 1 located 1500m to the north and these sections when combined with the aircore results demonstrate and support a large area of mineralised and altered granodiorite, with its limits and geometry yet to be defined.
  • The Guyer Trend is part of the $35million exploration Farm-In and Joint Venture (JV) agreement signed on 18 December 2024 with Gold Road Resources Limited (ASX: GOR).
  • A 3500m campaign of diamond drilling, designed to confirm structural orientations and vectors toward high-grade zones within the large granodiorite hosted gold envelope at Guyer is scheduled to commence in April.
  • The ongoing exploration program is managed by Iceni and is part of the initial $5 million minimum expenditure commitment by GOR under the Farm-In agreement.

Commenting on the drill program, Iceni Managing Director Wade Johnson said:

“We are very pleased with the results from the initial RC drillholes at Guyer, that have supported and expanded the system beyond the bedrock gold anomaly defined by the wide spaced aircore drilling. The wide spaced RC drillholes on the two 1.5km spaced drill traverses have outlined an extensive mineralised and altered corridor within the granodiorite host rock that has provided the foundation to bring forward a diamond drilling program.

The drilling has outlined broad zones of alteration and associated gold mineralisation over the full width of the +1000m evaluated on each drill traverse and this initial RC drilling demonstrates Guyer has the hallmarks of significant gold system in the 14 Mile Well project. The Company and Gold Road are looking forward to the diamond drilling program that will commence shortly and provide the information to integrate the RC and AC results into a structural framework to advance the model to accelerate drilling on focused targets”.


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
The Conversation (0)
Graphic reading "Top 5 Canadian mining stocks this week" in front of stock market graph in background.

Top 5 Canadian Mining Stocks This Week: JZR Gold Jumps 113 Percent

Welcome to the Investing News Network's weekly look at the best-performing Canadian mining stocks on the TSX, TSXV and CSE, starting with a round-up of Canadian and US news impacting the resource sector.The Government of Ontario started taking applications for resource development projects under... Keep Reading...
Nevgold President, CEO and Director Brandon Bonifacio.

NevGold Discovers “Highest-grade” Antimony Drilled to Date at Nevada Project

With grades of up to 14.9 percent, NevGold's (TSXV:NAU,OTCQX:NAUFF) newly discovered Bullet zone within the Resurrection Ridge target area is the highest-grade antimony ever drilled to date at the company’s Limo Butte project in Nevada, according to NevGold’s president and CEO, Brandon... Keep Reading...
Three gold bars on price chart with magnifying glass.

What Was the Highest Price for Gold?

Gold has long been considered a store of wealth, and the price of gold often makes its biggest gains during turbulent times as investors look for cover in this safe-haven asset.The 21st century has so far been heavily marked by episodes of economic and sociopolitical upheaval. Uncertainty has... Keep Reading...
Golden bars background with a rising green arrow; text: "Weekly Editor's Picks."

Editor's Picks: Gold Price Breaks US$4,300, Silver Soars Past US$54

It's been yet another historic week for gold and silver, with both setting new price records.The yellow metal broke through US$4,200 per ounce and then continued on past US$4,300. It rose as high as US$4,374.43 on Thursday (October 16), putting its year-to-date gain at about 67 percent.... Keep Reading...
Don Durrett, gold and silver bars.

Don Durrett: Gold, Silver Miners to Rip Even Higher, Here's When to Buy

Don Durrett of GoldStockData.com outlines current gold and silver market dynamics, explaining why the metals continue to rise and how high they could go in the future. He also shares his current gold and silver stock strategy. Don’t forget to follow us @INN_Resource for real-time... Keep Reading...
Prince Silver (CSE:PRNC)

Prince Silver Corp Announces Listing on the Frankfurt Stock Exchange Under the Symbol T130

Prince Silver Corp. ("Prince" or the "Company") (CSE:PRNC)(OTCQB:PRNCF) is pleased to announce that its common shares can now be traded on the Frankfurt Stock Exchange ("FSE") under the symbol T130, WKN: A3E4QS and ISIN: CA74174A1021.With this listing, the Company's common shares are now quoted... Keep Reading...

Latest Press Releases

Related News