Iceni Gold Limited (ASX: ICL) continues to have promising exploration success on the Everleigh Well Target Area in Western Australia.
Highlights
• An integrated geophysics campaign at Everleigh Well has identified previously unknown gold structures.
• The significance of these structures is that they correlate with:
• Everleigh diamond drillhole FMDD0032, which previously revealed numerous anomalous gold intercepts along the entirety of its ~900m length
• High grade rock chips and gold nuggets discovered at Everleigh
• UFF+ soil samples, specimen stones and historic workings
Ongoing exploration fieldwork has identified new outcrop on a structure named by Iceni as the Northern Reflector, on which concentrations of gold nuggets, historic workings and gold bearing rock chip samples have been discovered.
Fieldwork continues at the Everleigh Well area to further define target locations for follow up drilling.
“The Everleigh geophysical campaign and new geophysical interpretation consolidate our knowledge of the geology and increase our confidence on the controls on gold mineralization in the Everleigh target area,” Technical Director, Dave Nixon, said.
“Most of the structures identified by geophysics are hidden beneath transported cover, however, field validation of what the geophysical model was indicating to us has located outcrop of one of these structures, known as the Northern Reflector.
“At the location where the Northern Reflector outcrop was discovered, concentrations of gold nuggets, historic workings and gold bearing rock chip samples have also been found.
“The Northern Reflector structure is interpreted to be intersected by hole FMDD0032, which is exciting because it supports the association of this structure with the Castlemaine Fault and gold mineralization.
“Similarly, the 200m long high-grade gold vein at Everleigh is associated with a modelled contact, so searching along this contact will have an increased probability of discovering extensions of the high-grade gold vein.
“The seismic work directly detecting structures associated with gold mineralization is a highly positive outcome.
“Geological fieldwork is continuing at the Everleigh target area, gathering data to further validate the exploration model and to identify targets for follow-up exploration.”
For further information please visit: https://icenigold.com.au/