Iceni Gold Limited (ASX: ICL) has provided an exploration update on the active drilling programme at its 14 Mile Well gold project in Western Australia.
“Reverse circulation (RC) drilling was conducted on the northernmost AC line at Guyer North – West, which had previously returned significant gold assay results from the AC drilling,” commented Iceni GM exploration, David Nixon. “The RC drilling intersected mineralized shears hosted in three adjacent holes, confirming continuity of the zone. Samples are being dispatched to the lab for assay, and results are expected mid-January 2024.”
Highlights included the commencement of RC drilling at the 14 Mile Well project along with drilling intersecting a mineralized shear at Guyer North-West. Mineralization has been identified in three adjacent holes on the same section. The downhole intercepts have strong alteration, quartz veining and sulphides.
Guyer North – West is the gold nugget anomaly area on the western flank of the Guyer ridge that revealed coincident gold anomalism from air core (AC) drilling. RC drilling has now been undertaken along the same section to test beneath the surface gold nugget anomaly.
Hole FMRC0008 intersected a mineralized zone at a depth of 64-76m, with a downhole width of 12m. The mineralized interval is strongly altered and hosts quartz veining with sulphides. A second zone was also identified at end of hole. FMRC0009 also intersected zones of alteration, with quartz veining and mineralization like the zones observed in FMRC0008. A third scissor hole FMRC0020 was completed, which also intersected the strongly altered mineralized zones.
Samples from the RC drillholes at Guyer North – West are being dispatched to the assay lab for analysis, with the assay results expected in Q1 2024.
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