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Iceni Gold Ltd. ( (AU:ICL) ) just unveiled an update.
Iceni Gold has reported encouraging reverse circulation drilling results from the Goose Well prospect within its 14 Mile Well Gold Project in Western Australia, confirming significant gold intercepts within the Goose Well Intrusive Complex. Mineralisation is hosted in monzogranite and syenite intrusions, interpreted as discrete high-grade quartz veins within a broader low-grade disseminated system, and validates historical drilling across the 1.7km by 1.3km footprint.
The new results have improved the company’s understanding of mineralisation controls, indicating that historic drill holes were suboptimally oriented and highlighting the potential of a major untested north–south structure known as the Gander Fault. Iceni plans diamond drilling at the North and Main target areas starting in May to define the structural controls along this fault, a move that could materially advance the discovery of a new gold system and enhance the project’s exploration upside for shareholders.
More about Iceni Gold Ltd.
Iceni Gold Ltd. is an Australian gold exploration company listed on the ASX and focused on advancing its flagship 14 Mile Well Gold Project between Leonora and Laverton in Western Australia. The company targets intrusive-related and structurally controlled gold systems across prospects such as Goose Well and Welcome Creek within this underexplored greenstone belt.
Average Trading Volume: 272,643
Technical Sentiment Signal: Sell
Current Market Cap: A$13.45M
See more data about ICL stock on TipRanks’ Stock Analysis page.