Iceni Gold (ASX:ICL) uncovers a 4.5km bedrock gold anomaly at Guyer, Western Australia

Iceni Gold (ASX:ICL) uncovers a 4.5km bedrock gold anomaly at Guyer, Western Australia

September 26, 2024 Off By MarketOpen

In a promising development, Iceni Gold (ASX:ICL) has reported the discovery of a significant 4.5km long bedrock gold anomaly at its 14 Mile Well Gold Project, located in Western Australia’s Laverton Greenstone Belt.

The results, derived from a recent aircore (AC) drilling program, have placed the Guyer Trend firmly on the map as a priority exploration target, with potential to host a large-scale gold system.

Highlights of the Discovery

The AC drilling program, targeting the granite-greenstone contact along the Guyer Trend, uncovered a broad gold anomaly spanning a 160m to 640m width.

The anomaly is largely concealed beneath up to 30 metres of cover, suggesting that it may be the footprint of a deeper, blind gold system.

Significant gold intersections include 4m @ 0.98 g/t Au from 44m in hole FMAC0883, with 1m @ 3.60 g/t Au from 47m to the end of the hole (EOH).

Additionally, 4m @ 0.88 g/t Au from 68m was reported in hole FMAC0874.

The drilling results are particularly notable given the mineralisation occurs close to the granite-greenstone contact, a classic geological setting for gold deposits in this region.

The anomaly lies approximately 750m west of a gold nugget field located along Guyer Ridge, further validating the auriferous potential of this 15km-long trend.

Path to Discovery

The discovery follows Iceni Gold’s methodical approach to exploration. “We are very excited about the results from our first aircore drilling program for the year. The 15km long Guyer Trend has been a priority target since the Company listed in April 2021,” said Wade Johnson, Managing Director of Iceni Gold. “We have now discovered a 4.5km long bedrock gold anomaly beneath up to 30m of cover, and a further 7km of contact remains untested. This initial result may represent the footprint of a blind gold system”.

This discovery was made during an early-stage drill program, which extended five existing 800m-spaced drill traverses to the west of Guyer Ridge, where the contact is obscured by transported cover.

Despite this challenge, Iceni’s systematic approach yielded the broad bedrock anomaly, underscoring the company’s focus on exploring beneath cover where surficial exploration techniques have limited effectiveness.

What’s Next for Iceni Gold?

The significance of the bedrock gold anomaly cannot be overstated, particularly in the context of the Laverton Greenstone Belt, home to some of Australia’s largest gold deposits.

Iceni Gold plans to continue drilling along the Guyer Trend, with infill and extensional AC drilling campaigns set to evaluate the remaining 7km of untested strike.

The company is also awaiting assay results from multi-element analysis, which will help define the geochemical signature of the gold system.

In a region known for its world-class gold deposits, Iceni Gold’s systematic exploration at Guyer is shaping up as a potential game changer.

The upcoming drilling programs are eagerly anticipated, with the company looking to confirm the scale of what could be a major new gold discovery.

Please note the following valuable information before using this website. 

Independent Research 

Market Open Australia is intended to be used only for educational and informative purposes, and any information on this website should not be taken as investment advice or guidance. It is important to conduct your own research before making any investment decisions, which should be based on your own investment needs and personal circumstances. Any investment decisions based on information contained on this website should be taken in line with independent financial advice from a qualified professional or should be independently researched and verified.