Iceni Gold (ASX:ICL) begins AC drilling at Guyer – The Market Herald

Subscribe

Be the first with news that moves the market

  • Iceni Gold (ICL) begins core drilling on the Guyer target in the 14 Mile Well project area in the Eastern Goldfields of Western Australia
  • A total of 24 core holes will initially be drilled to test four ultrafine ground anomalies that lie approximately 25 kilometers west of the Sunrise Dam gold deposit.
  • Once received, the drill data will be used to focus follow-up diamond drilling programs on centers of hydrothermal activity along the Guyer Fault Zone.
  • Iceni expects to receive tests mid to late Q2 2022
  • Iceni shares ended the day down 4.35% to trade at 11 cents

Iceni Gold (ICL) has started core drilling on the Guyer target in the 14 Mile Well project area in the Eastern Goldfields of Western Australia.

The 600 square kilometer 14 Mile Well project is located on the western shore of Lake Carey, approximately 50 kilometers from Laverton.

A total of 24 core holes will initially be drilled to test four ultrafine ground anomalies located approximately 25 kilometers west of the Sunrise Dam gold deposit.

The Guyer Trend is a 15 kilometer long prospective structural corridor with multiple targets identified by geophysical, geochemical and geological work.

It exhibits a gold-silver-mercury-tellurium geochemical association and is thought to be underlain by basalt.

Once received, the drill data will be used to focus follow-up diamond drilling programs on centers of hydrothermal activity along the Guyer Fault zone.

Iceni expects to receive testing mid to late Q2 2022.

Iceni shares fell 4.35% to a market close to trading at 11 cents.

Comments are closed.