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The latest announcement is out from Iceni Gold Ltd. ( (AU:ICL) ).
Iceni Gold has completed its maiden reverse circulation drilling program at the high-priority Goose Well target within the 14 Mile Well Gold Project, executing 19 holes for 2,150 metres across two key target areas. The program aims to validate and extend earlier gold intercepts within the Goose Well Intrusive Complex, where historical drilling returned promising near-surface and deeper mineralisation.
The company reports that drilling at the main Goose Well target confirmed its geological model over a 160-metre strike length, with all holes intersecting the expected rock units, and fieldwork also uncovered several small gold nuggets during site preparation. Samples have been dispatched for laboratory analysis, with assay results expected in mid-April, which will be critical in determining the potential scale and continuity of mineralisation and shaping Iceni’s future exploration plans at Goose Well and across the broader project area.
The most recent analyst rating on (AU:ICL) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Iceni Gold Ltd. stock, see the AU:ICL Stock Forecast page.
More about Iceni Gold Ltd.
Iceni Gold Limited is an Australian exploration company focused on gold projects in Western Australia. Its flagship 14 Mile Well Gold Project, located between Leonora and Laverton, targets intrusive-related and structurally controlled gold systems, with Goose Well considered one of its highest-priority prospects.
Average Trading Volume: 220,301
Technical Sentiment Signal: Sell
Current Market Cap: A$10.66M
For an in-depth examination of ICL stock, go to TipRanks’ Overview page.