Iceni Gold Ltd. (AU:ICL) has released an update.
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Iceni Gold Ltd. has reported promising developments at its Christmas Gift prospect, part of the 14 Mile Well Gold Project in Western Australia, with the discovery of gold-bearing quartz veinlets and high-grade rock chip assay results. The company also commenced a maiden diamond drilling program to explore the extent of the gold-bearing structure and raised a total of $3.5 million through a share placement and sale of surplus assets. The Christmas Gift prospect, known for historical gold nugget finds, has shown high-grade vein assays averaging 16,900g/t Au, strengthening the site’s potential.
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