Iceni Gold (ASX:ICL) said a 31-hole reverse circulation drilling program at the Guyer prospect, located at its 14 Mile Well gold project in Western Australia, intersected high-grade gold mineralization, according to a Tuesday Australian bourse filing.
It reported a significant intersection of seven meters at 4.05 grams per tonne grade of gold from 148 meters, its best result from the prospect to date.
A 2,300-meter campaign of diamond drilling is now underway. The multi-element data from the reverse circulation drilling will be used to define key pathfinder elements associated with gold mineralization.
The exploration program at the Guyer prospect is managed by Iceni and is part of an initial AU$5 million minimum expenditure commitment by Gold Road Resources (ASX:GOR) under a farm-in agreement.
Its shares were up 9% in recent trading on Tuesday.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。