Identifies Six High Priority Target Areas Near Laverton
Iceni Gold Limited (ASX:ICL) has identified six key high priority target areas at the ~600 sq. km tenement package around 14 Mile Well, situated on the western side of Lake Carey, ~ 50km from Laverton in Western Australia.
The drilling campaign, that commenced at the Deep Well target area on June 7, has completed three diamond drill holes which have intersected multiple narrow zones of intense alteration.
The zones are highly visible with bright hematite alteration surrounding quartz veining, notably with tourmaline and pyrite in the alteration mineral assemblage. The alteration has been observed in all three holes over a strike length of 200m. The drill core will be processed, sampled and sent to the laboratory for assaying.
The drilling is following up known gold anomalism identified in historic exploration work.
Significant historic drill results at Deep Well include:
- KOW013 with 4m @ 0.66g/t Au, 4m @ 0.14g/t Au & 5m @ 3.32g/t Au; and
- KOW014 with 4m @ 0.16g/t Au, 8m @ 0.25g/t Au & 4m @ 0.55g/t Au
Deep Well background
Gold mineralisation associated with sulphides and intrusive bodies are known to be key ingredients within the gold camps in the Leonora-Laverton District. Historic drilling at Deep Well had identified anomalous gold in several drill holes.
Significantly, these holes contained sulphides hosted by granodiorite intrusive.
The initial proposed ~25-hole drilling programme has been designed to test beneath the known gold anomalism and to test for extensions down dip and also along strike
For further information please visit: https://www.icenigold.com.au
