Iceni Gold Limited (ASX: ICL) has provided a significant exploration update on the Claypan target area at 14 Mile Well in the Laverton Greenstone Belt. The approximately 900km² 14 Mile Well tenement package is situated on the western shores of Lake Carey, about 50km from Laverton in Australia.
Recent exploration fieldwork within the Claypan target area, the majority of which has never been subject to modern systematic geological investigation, has recovered a large gold nugget on surface. This nugget was located in between two previous Iceni drill lines.
“This year Iceni has conducted extensive and detailed fieldwork over the company’s most advanced target areas. This work has resulted in the prioritization of Guyer Well and Everleigh Well as being the company’s key prospects for exploration success in the next round of drilling,” Iceni technical director, David Nixon, commented.
“Recent fieldwork has also been directed over the Claypan target area due to its attractive large alteration halo and significant gold soil anomaly. This fieldwork has led to the discovery of a large ~2oz gold nugget located in between two Iceni drill lines spaced about 1km apart.”
The gold nugget at Claypan is the single largest gold nugget discovery at 14 Mile Well since the IPO and anecdotal evidence exists for other large gold nuggets discovered in the Claypan target area.
Previous soil assays at Claypan identified a large 2km long x 500m wide gold-multielement soil anomaly and rock chip assays had identified gold anomalism in quartz veining, strong alteration, and chert/BIF outcrop.
Iceni has entered an exploration targeting collaboration initiative with SensOre (ASX: S3N), which will focus on deploying SensOre’s Big Data, Artificial Intelligence, and Machine Learning technologies, together with its geoscience expertise across Iceni’s 14 Mile Well project, particularly at the Everleigh, Guyer, and Claypan target areas.
SensOre estimates that the gold exploration potential for new discoveries in the area remains one of the highest in Western Australia. In-fill drilling at Claypan will be conducted after drill programmes are completed at Everleigh and Guyer.
For further information, please visit: www.icenigold.com.au
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