Iceni Gold Limited (ASX: ICL) has provided an exploration update on the North 1 key target area at its 14 Mile Well in the Laverton Greenstone Belt of Western Australia, highlighting recovered gold in quartz at surface.
“This is another example of fieldwork finding gold in a company defined target within the 14 Mile Well project. The team have continued validating targets and anomalies while they are preparing for proposed upcoming drilling,” commented general manager exploration David Nixon.
“The blocky angular nature of the specimen stone is interpreted as being close to the primary mineralization. Ongoing rock chip sampling and prospecting will resolve this anomaly into a drill ready target.”
The surface gold is located on a significant structural intersection on the northern contact of the Danjo Granite and the Castlemaine Fault, where there are indications of historic gold prospecting activity. Fieldwork continues to assess and validate this target along with others across the 14 Mile Well project.
Analysis of the UFF+ soil programme results also identified a significant 2km long, coincident gold and multi-element soil anomaly. The soil anomaly, known as Crossroads (14UF015), is located within the North1 Target Area. The anomaly displays a gold-tellurium-tungsten geochemical association and is interpreted to be on the contact between mafic volcanics and granite. The anomaly has a strike of 2km long northeast-southwest and is 500m wide, comprising four priority zones.
The zone one focuses on elevated gold and occurs in an elongated northeast trending zone coincident with highly elevated tellurium and tungsten, associated with a linear magnetic high on an interpreted contact zone. Zone two consists of a coherent area of high gold anomalism, partly coincident with elevated tellurium and tungsten. The third zone has a narrow trend of weak gold anomalism and priority zone four is a small coherent area of high soil bismuth associated with low gold.
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