Iceni Gold (ASX:ICL) - Executive Chairman, Brian Rodan (left)
Executive Chairman, Brian Rodan (left)
Source: Iceni Gold/LinkedIn
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • Iceni Gold (ICL) identifies seven key high priority target areas at its tenement package around the 14 Mile Well project near Laverton in Western Australia
  • At one key target, Deep Well, eleven diamond drill holes have been completed for a total of 2183.5 metres
  • The company says the drilling at Deep Well was designed to replicate historic drilling, test beneath historic gold results, and test further along strike
  • The company also says it has not intersected economic gold mineralisation at Deep Well and is still awaiting results from a 6860 metre aircore drilling program
  • Shares finished the trading day down 19.4 per cent, trading at 14.5 cents

Iceni Gold (ICL) has identified seven key high priority target areas at its tenement package around the 14 Mile Well project near Laverton in Western Australia.

At one key target, Deep Well, eleven diamond drill holes have been completed for a total of 2183.5 metres.

The company said the drilling at Deep Well was designed to replicate historic drilling, test beneath historic gold results, and test further along strike.

The diamond drilling identified a large hydrothermal alteration system, including sulphides, and also intersected hydrothermally altered syenite and lamprophyre intrusions.

The company also said it has not intersected economic gold mineralisation at Deep Well and is still awaiting results from a 6860-metre aircore drilling program. Iceni anticipates receiving these results in February.

When these results are received in their entirety, Iceni said they will be collectively analysed by an independent consulting geochemist to gain insights into the behaviour and distribution of the pathfinder elements.

Additionally, the company expects the results to assist with identifying alteration and zonation patterns that can vector towards possible gold deposits in this target area.

Shares finished the trading day down 19.4 per cent, trading at 14.5 cents

ICL by the numbers
More From The Market Online
The Market Online Video

Market Close: Green lights up on ASX for Easter hunt go

The ASX200 closed the day in record territory - nearly a per cent up with every…

Week 13 Wrap: Easter bunny delivers new all time high for ASX200

Another week, another all time high. The ASX200 clocked 7,901pts on Thursday for the first time…

Market shrugs as Fisher & Paykel announces mass recall

Fisher & Paykel has initiated a voluntary limited recall of batches of Airvo 1 and my…
The Market Online Video

Market Update: ASX glows red hot with another hit record

The ASX200 is trading up, hitting a new high of 7901 point and eclipsing the last…