"Iceni Gold Limited Expands Guyer Gold Trend with Record High-Grade Drill Results and Promising $35M Farm-In Opportunity"

Wednesday, July 9, 2025
at
8:50 am
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Iceni Gold Limited’s latest drilling campaign at its flagship 14 Mile Well Gold Project has returned high-grade intersections, expanding a major gold trend over an 11.5km stretch. The encouraging results pave the way for further drilling, potentially unlocking significant growth opportunities for the company.

Iceni Gold Limited has reported encouraging results from a major aircore drilling campaign along the Guyer Trend at its flagship 14 Mile Well Gold Project in Western Australia. The company completed 221 vertical drill holes over 14,486 meters across an 11.5-kilometer stretch along a granite‐greenstone contact. The latest aircore drills have not only extended the primary bedrock gold anomaly but also outlined three new granular (+0.1 g/t Au) gold targets that stretch approximately 1,200 meters each. Among the high-grade intersections reported, one drill hole returned an impressive 4 meters at 7.84 g/t gold, while several other holes delivered notable grades including 6 meters at 2.98 g/t gold and 4 meters at 4.21 g/t gold. The drilling program was designed to infill and extend the known gold-bearing zones beneath a layer of transported cover and thin saprolite. Technical details reveal that most aircore holes, drilled at nominal 100-meter centers along various traverses, intersected significant downhole intervals with an average depth of 65.5 meters. The comprehensive data – including precise drill hole collar locations, geological logging, and sample recoveries – has reinforced the continuity of the 6-kilometer Guyer Main anomaly, and its expansion now covers an extended width of approximately 1,500 meters and a strike length of nearly 5 kilometers. The positive results also complement historical workings in the area, which underscores the potential for a substantial primary gold system. The project is also benefiting from a $35 million farm-in agreement with Gold Road Resources Limited, with an initial $5 million commitment for further exploration. With planning well underway for a follow-up reverse circulation drilling campaign later in the month, the company aims to test the primary mineralized zones in greater depth and breadth. The methodical use of geophysical, geological, and drilling data continues to underpin the company’s strategy, providing added assurance to investors of a scientific approach to advancing the project. There is a buoyant outlook as the robust intersections and expanded gold targets are indicative of the project’s latent potential. The discovery of new high-grade zones and the strategic funding partnership provide a strong catalyst for future exploration success, suggesting an overall bullish sentiment for the company’s exploration activities. However, risks remain that the broad, reconnaissance nature of the drilling could understate complexities such as the effects of transported cover and variable mineralization widths, which might delay delineation of a viable resource. The measured pace of follow-up programs also adds an element of caution, making it essential for investors to balance the promising drill results with the inherent uncertainties of early-stage exploration.

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