Iceni Gold Limited (ASX: ICL) has announced board changes and a A$2.2M cash injection to expedite new exploration programmes.
Proceeds from the injection will be used to fund ongoing exploration programmes, including RC drilling at the Guyer Well, Everleigh Well, Goose Well, and Hages Bore Gold targets, including the newly defined early-stage target at Crossroads, all within the 14 Mile Well Project.
Additionally, Iceni has appointed a new managing director, which in conjunction with the cash injection, will accelerate and drive the next phase of gold exploration at 14 Mile Well. Mr Wade Johnson appointed to the Board of Iceni Gold as Managing Director.
Wade is a geologist with over 30 years of experience, principally focused on gold exploration in Western Australia. Most recently, he was managing director of Lefroy Exploration Limited, where he led the team to expand the asset portfolio and grow the resource base to over 1Moz of gold.
Brian Rodan will transition from executive chairman to non-executive chairman. Brian remains heavily involved in the company as the founder, major shareholder and a director.
Finally, an initial Aircore drilling programme is planned to commence in May, testing several significant priority generative targets, including Guyer Well and Crossroads.
To find out more, please visit www.icenigold.com.au
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