Iceni Gold Starts Maiden Drilling at High-Priority Goose Well Target

Iceni Gold Ltd. ( (AU:ICL) ) has provided an update.

Iceni Gold has launched a maiden reverse circulation drilling program at the high-priority Goose Well target within its 14 Mile Well Gold Project in Western Australia. The campaign comprises 23 holes for 2,600 metres, designed to confirm historical gold intercepts and test the strike and depth continuity of mineralised zones within the Goose Well Intrusive Complex.

The program follows systematic field validation, rock chipping, soil geochemistry and resampling of historic RC drill spoils, which returned notable gold intercepts and high-grade rock chip assays. Results from this drilling, expected in April after completion in March, could materially advance Iceni’s understanding of a potential new intrusion-related gold system and help elevate Goose Well as a key value driver in its exploration portfolio.

The most recent analyst rating on (AU:ICL) stock is a Hold with a A$0.05 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 gold exploration company focused on its flagship 14 Mile Well Gold Project in Western Australia, located between Leonora and Laverton. The company targets intrusion-related and structurally controlled gold systems across priority prospects such as Goose Well and Welcome Creek within its tenement package.

Average Trading Volume: 157,785

Technical Sentiment Signal: Sell

Current Market Cap: A$16.16M

For detailed information about ICL stock, go to TipRanks’ Stock Analysis page.