Iceni Gold Limited (ASX: ICL) has provided an exploration update on the Monument Target Area located in the world-renowned Eastern Goldfields region of Western Australia. The ultrafine (UFF+) soils campaign conducted over the Monument Granite target has identified significant gold and lithium anomalies with high-grade gold assay results.
“The first look at the Monument target area has returned significant high-grade gold bearing assays, which is highly encouraging for a newly identified exploration target,” commented technical director David Nixon.
“The early success at Monument North is significant because it demonstrates high-grade gold mineralization is associated with shearing along the granite contact, similar to nearby gold deposits.”
Monument Granite is said to have significant gold prospectivity, similar to the granite-associated gold deposits located nearby at Puzzle, Puzzle North (Genesis Minerals), and Granny Smith (Gold Fields Australia), all within the same district.
Significant gold anomalies have been discovered in a thick zone of shearing along the target area, currently extending over a strike length of 500m with new rock chip assay results. Further sampling in this target area will focus along the granite contact to extend the strike of the existing gold anomaly.
Highlights include:
- Sample Number IE28089: 57.6g/t Au, 16.0g/t Ag, and 16.4g/t Te
- Sample Number IE28090: 41.6g/t Au, 8.12g/t Ag, and 18.7g/t Te
25km of prospective Monument Granite contact is controlled by Iceni and fieldwork is continuing along the granite-greenstone contact surrounding the Monument Granite area, as well as along the recently identified 10km long lithium target.
Over 15,180 UFF+ soil samples were taken across the entire tenement package. The CSIRO UFF+ soil sampling technique was developed to see through deep cover and identify anomalies hidden below. Because of this six gold, four nickel, and two lithium anomalies were identified.
For further information, please visit: www.icenigold.com.au
