Iceni Gold (ASX:ICL) has returned the final batch of drill results from the Guyer prospect within the 14 Mile Well Gold Project in Western Australia.
The company conducted a total of 10,842m of reverse circulation drilling across the Guyer area in the September quarter, testing four structural and geochemical targets across the granite-greenstone contact.
Intercepts include 6m @ 1.22 grams per tonne gold from 130m, including 1m @ 5.41g/t gold from 133m; 7m @ 1.48g/t gold from 99m, including 2m @ 2.65g/t gold from 102m; and 3m @ 3.26g/t gold from 172m, including 2m @ 4.82g/t gold from 172m.
Managing Director Wade Johnson says the new results have outlined a much larger mineral system at Guyer.
“We have now confirmed two clear mineralisation styles at Guyer – in both the granite and the basalt – which is a major step forward in understanding the scale of this system,” Johnson says.
“The basalt-hosted gold mineralisation is an exciting development. It sits under transported cover and remains underexplored given our focus on the gold in granite, yet it’s returning strong intercepts that point to a much larger system beneath the surface.
“The basalt trend is still open and largely untested, and we’re gearing up for the next phase of targeted drilling to keep building on this momentum.”
Iceni will conduct infill and step-out drilling at the Guyer prospect in late October, while also interrogating multi elements.
The drilling was undertaken as part of the company’s farm-in agreement with a Gold Fields (NYSE:GFI) subsidiary.
The area is contracted for a minimum $5 million exploration spend under a greater farm-in and joint venture agreement for $35 million, formerly with Gold Road Resources before it was acquired by Gold Fields.
Write to Maddison Elliott at Mining.com.au
Images: Iceni Gold
