ICENI GOLD LIMITED onlyASX RELEASE 25 February 2022
ASX CODE: ICL
useBOARD Brian Rodan
Executive-Chairman
David Nixon
Technical Director
Hayley McNamara
Non-Executive Director personalKeith Murray
Non-Executive Director
Sebastian Andre
Company Secretary
REGISTERED OFFICE
Level 2, 41 Ord Street
West Perth WA 6005
t: +61 08 6458 4200
e: admin@icenigold.com.au
w:www.icenigold.com.auFor
ASX RELEASE
ICENI GOLD EXPLORATION UPDATE
Guyer Drilling Commences
Exploration
Iceni Gold Limited (Iceni or the Company) has 7 key high priority targets within the 14 Mile Well project area. Iceni is actively exploring the target areas using geophysics, Ultrafine (UFF) soil sampling, air core (AC) and diamond drilling (DD). The ~600km2 14 Mile Well tenement package is situated on the western shores of Lake Carey, ~ 50km from Laverton WA.
Guyer: Air Core Drilling Underway
- AC Drilling has commenced at Guyer, ~25km west of Sunrise Dam
- Guyer trend is a 15km long prospective structural corridor
- Identified a palaeochannel superimposed over the structure
- AC Drilling results expected end-Q2
The initial AC drilling program at the Guyer target area is underway, with twenty four AC holes completed to date from a program of approximately 300 holes. The program is anticipated to test the UFF soil anomalies 14UF003, 4, 5 and 6 that are located ~ 25km to the west of the Sunrise Dam gold deposit.
Early observations from the drilling indicate a deep palaeochannel system has exploited the underlying structural corridor related to the Guyer Shear. The UFF technique was designed by the CSIRO to see through deeper cover like this palaeochannel system.
A number of coincident targets have been developed along the Guyer structural corridor and were developed using multiple exploration disciplines, including geophysics, geochemistry, structure, geology and regolith.
Figure 1: First AC hole drilled into the Guyer target area.
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Figure 2: 14 Mile Well project area, showing the seven key target areas. Air Core drilling is underway within the Guyer target area, designed to test beneath surface geochemical anomalies. Image is Total Magnetic Intensity (TMI) Reduced to Pole (RTP) (after GSWA).
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Figure 3: Interpreted geology and alteration zones within the Guyer Well target area. The main structural corridor has a length of 15km within the 14 Mile Well project.
Figure 4: DGPR Survey line across the Guyer Fault, demonstrating the geophysical response of the structural zone. The deepening of the overlying cover sequence has been confirmed by recent AC drilling.
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Figure 5: Close up view of the drill samples from the first hole in the Guyer target area, transported cover is ~30m thick. The thick cover has been a considerable deterrent for previous explorers, a significant reason why this area has remained untested.
Figure 6: UFF anomaly 14UF003 at the northern end of the Guyer target area. The overall length of the anomaly is ~3km along the strike of the Guyer Fault. The Priority 1 area within this anomaly has a coherent gold and multi-element zone across 4 sample lines.
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This specific reconnaissance AC drilling program is expected to deliver data that will be used to focus follow- up diamond drilling programs on centres of hydrothermal activity along the Guyer Fault zone.
Assay results from this drilling program are expected to be received in the middle to the end of Q2 2022.
Authorised by the Board of Iceni Gold Limited.
For further information, please contact:
Brian Rodan | David Nixon |
Executive Chairman | Technical Director |
ABOUT ICENI GOLD LIMITED
Iceni Gold Limited is a Perth based exploration company that operates the 14 Mile Well Gold project in the Laverton Greenstone Belt.
The project consists of a ~600km2 tenement package on the west side of Lake Carey, the majority of which has never been subject to modern systematic geological investigation.
Competent Person Statement
The information in this announcement that relates to exploration represents information and supporting documentation prepared by Mr David Nixon, a competent person who is a member of the Australasian Institute of Mining and Metallurgy. Mr Nixon has a minimum of twenty years' experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a competent person as defined in the 2012 Edition of the Joint Ore Reserves Committee Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Nixon is a related party of the Company, being the Technical Director, and holds securities in the Company. Mr Nixon has consented to the inclusion in this announcement of the matters based on his information in the form and context in which it appears.
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Iceni Gold Ltd. published this content on 25 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 February 2022 02:31:06 UTC.
