Iceni Gold begins 7,000m drilling at Everleigh farm in
By Liezl GambeKey points
- Iceni Gold has started a 50-hole, 7,000-metre reverse circulation drilling programme at the Everleigh Farm-In area.
- The exploration campaign is fully funded by Gold Fields under a previously announced $10 million agreement.
- Work aims to test key bedrock gold targets across a 5-kilometre strike length along the Bellbird Dolerite sill.
Iceni Gold (ASX:ICL) has started an initial 50-hole, 7,000-metre reverse circulation drilling programme at the Everleigh farm-in.
The programme follows an exploration agreement announced in June, which funded initial ground activity across the tenement package.
Partners approved the campaign after completing heritage surveys that cleared all Stage 1 and Stage 2 drill sites.
Iceni Managing Director, Wade Johnson, said, “Full credit to the combined team to progress this from agreement execution to drilling in 4 months, with heritage clearances for Stage 1 and Stage 2 drill programmes secured, site preparations completed and the exploration team established at the 14MW camp to support the drill contractor.”
The company stated that the drilling targets the prospective Bellbird Dolerite unit across four priority areas spanning 5km.
Following the announcement, the Iceni Gold share price was unchanged at $0.016.
The Everleigh targets are situated within the broader 14 Mile Well Gold Project located between Leonora and Laverton.
South Africa-based partner Gold Fields is funding the exploration work under an agreement valued at up to $10 million.
