"Iceni Gold Limited Uncovers Exceptional High-Grade Gold at Guyer, Fuelling a $35M Farm-In and Ambitious Drilling Program"

Tuesday, July 22, 2025
at
9:25 am
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Iceni Gold Limited’s maiden diamond drilling at the Guyer Project has delivered impressive high-grade gold intersections. These encouraging results, achieved under a major farm-in agreement, strengthen the company’s exploration potential and offer exciting prospects for investors in the gold exploration space.

Iceni Gold Limited has reported impressive results from its first diamond drilling campaign at the Guyer target within its flagship 14 Mile Well Gold Project in Western Australia. The drilling, conducted over six holes totaling more than 2,100 meters, intersected multiple high-grade gold mineralisation zones hosted in a granite setting. Notable intercepts include a 3.65‐meter section grading 7.46 grams per tonne, which featured a sub-interval of 0.5 meter at 50.2 grams per tonne, and a 6.52‐meter intercept averaging 2.63 grams per tonne gold. These findings, achieved by drilling along a 2,000-meter strike length, have helped define a robust structural model based on several shallow dipping shear zones and are intended to guide the next phase of reverse circulation drilling. The company’s strategic approach is further reinforced by a significant $35 million Farm-In agreement with Gold Road Resources Limited, under which an initial $5 million exploration commitment is on track to fund further drilling. Iceni Gold Limited’s management has emphasized that the high-grade intersections and supporting structural data not only confirm earlier drilling results but also indicate the potential for a significant gold system concealed beneath transported cover. The advanced geological model, combined with additional anomalies delineated during previous aircore campaigns, sets the stage for a major follow-up RC drill program scheduled to begin later this month. From a market sentiment perspective, the news brings bullish overtones due to the strong drilling intercepts, the clarity of the structural model, and the financial backing provided by the Farm-In agreement with Gold Road Resources Limited. The high-grade results and technical indicators suggest that the company is on the right track in unlocking value at its 14 Mile Well Gold Project. However, cautious investors might note that the results are still at an early exploration stage and several structural details such as true width of the mineralised zones remain to be fully established, which injects a degree of risk typical of exploration ventures. Overall, the recent drilling campaign marks a significant milestone for Iceni Gold Limited as it continues to advance its understanding of the Guyer Trend and prepares for an expanded drilling program to further evaluate the potential for a major gold system.

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