Iceni Gold Limited (ASX: ICL) has identified further gold potential in exploration activities at the Guyer Well Target Area in Western Australia.
Highlights
• Geological fieldwork, mapping and rock chip sampling continues along the 15km long Guyer trend.
• Anomalous assays from AC drilling, UFF soils and rock chip sampling, historic workings and gold nuggets have all assisted in identifying a clear exploration focus along the ridge at Guyer North for ~2.5kms.
• The recent discovery of nugget GY-1 at nearly 1.5oz Au further supports the prospectivity of Guyer North.
• Prospecting has discovered over 780 gold nuggets along the Guyer Trend to date.
• More than 80 gold nuggets have been recovered during the last four weeks.
• The Guyer North drilling campaign is being designed and prepared for exploration drilling which is expected to commence within weeks.
“This new 1.5oz gold nugget, GY-1, is the largest nugget recovered thus far along the 15km long Guyer trend,” Technical Director, David Nixon, said.
“The nugget was discovered in a saddle along the ridge at Guyer North and shows some signs of transport but retains enough surface features to indicate it hasn’t travelled far. The specimen GY-1 provides further support for the prospectivity of the Guyer North target area.
There is sufficient evidence of gold mineralization localized along the Guyer North Ridge to justify drill testing.”
A drilling campaign is being designed to test across the Guyer North target and along its ~2.5km strike” and will commence within weeks.
During the previous four weeks over 80 nuggets have been recovered, bringing the total to date to over 780 nuggets found along the Guyer Trend.
Guyer Well Target Area
The Guyer Well target area lies in the south-eastern part of Iceni’s tenure. It lies over a north-northwest striking belt of mafic greenstone sequences, bounded to the west by the Danjo Batholith and to the east by felsic volcanics.
The eastern part of the Guyer Well target area is cut by the north-northwest trending Guyer Fault. The Guyer Fault/Shear is interpreted to be a splay of the main Celia Fault. 15kms of strike of the prospective Guyer Fault is controlled by Iceni within the 14 Mile Well Project.
For further information please visit: https://icenigold.com.au
