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Iceni Gold Ltd. ( (AU:ICL) ) has provided an update.
Iceni Gold Limited has commenced a major Reverse Circulation (RC) drilling program at the Guyer prospect within its 14 Mile Well Project. This 11,000-meter drilling initiative aims to evaluate the primary gold mineralization beneath a significant bedrock gold anomaly previously identified by aircore drilling. The project, part of a $35 million farm-in agreement with Gold Road Resources, seeks to outline robust targets for further exploration. The initial phase of drilling is expected to conclude in February, with the first gold assay results anticipated in March, potentially marking a notable discovery in the Leonora-Laverton district.
More about Iceni Gold Ltd.
Iceni Gold Limited is involved in the exploration and development of gold projects, focusing on its 14 Mile Well Project located between the gold-rich areas of Leonora and Laverton. The company is working in partnership with Gold Road Resources to further explore and potentially discover significant gold mineralization in the region.
YTD Price Performance: 21.13%
Average Trading Volume: 446,142
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: A$23.4M
For detailed information about ICL stock, go to TipRanks’ Stock Analysis page.
