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The latest update is out from Iceni Gold Ltd. ( (AU:ICL) ).
Iceni Gold Limited has announced promising results from its 10,842-meter reverse circulation drilling program at the Guyer site, part of its 14 Mile Well Gold Project. The drilling has revealed a new basalt-hosted gold system, with significant intersections indicating high-grade potential. This discovery, located beneath 40 meters of cover, enhances the understanding of the gold system’s scale and potential, prompting the company to plan further drilling. The project is part of a $35 million exploration agreement with Gold Road Resources, which is expected to be acquired by Gold Fields.
More about Iceni Gold Ltd.
Iceni Gold Limited is a company operating in the gold mining industry, focusing on exploration and development projects. Its primary project is the 14 Mile Well Gold Project located between the towns of Leonora and Laverton in Western Australia. The company is engaged in a Farm-In Agreement with Gold Road Resources to explore and develop gold resources in the area.
Average Trading Volume: 282,867
Technical Sentiment Signal: Sell
Current Market Cap: A$18.88M
See more data about ICL stock on TipRanks’ Stock Analysis page.