Iceni Gold Ltd. ( (AU:ICL) ) has provided an update.
Iceni Gold Ltd. has commenced diamond drilling at the Everleigh Deeps within its 14 Mile Well Gold Project, aiming to extend a previously drilled hole to evaluate a deep buried granite body. This drilling is expected to enhance understanding of the geological model and potentially uncover significant gold mineralization. The project is strategically located near the Castlemaine Fault, a known area for hydrothermal activity, and is part of a broader exploration strategy that includes the Guyer trend, supported by a Farm-In agreement with Gold Road Resources. The outcomes of this drilling could significantly impact the company’s exploration priorities and resource development strategies.
More about Iceni Gold Ltd.
Iceni Gold Ltd. is a company operating in the gold mining industry, focusing on exploration and development projects. Its primary operations are centered around the 14 Mile Well Gold Project, located between Leonora and Laverton. The company is engaged in identifying and developing gold deposits, with a market focus on expanding its resource base and enhancing its exploration activities.
YTD Price Performance: 2.86%
Average Trading Volume: 334,127
Technical Sentiment Signal: Sell
Current Market Cap: A$22.17M
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