221 Holes Confirm 11.5km Gold Anomaly with 4m at 7.84 g/t at Guyer

Expanding the Guyer Gold Footprint

Iceni Gold Limited (ASX, ICL) has delivered a compelling update from its flagship 14 Mile Well Gold Project in Western Australia, announcing results from a substantial aircore drilling campaign along the Guyer Trend. The 221-hole program, spanning over 14,486 meters, has not only reinforced the continuity of a significant gold anomaly but also extended it to cover an impressive 11.5 kilometers along the granite-greenstone contact.

This latest campaign has unveiled three new robust gold anomalies, each exceeding 1,200 meters in strike length, located south of the previously defined main Guyer anomaly. These new zones, hosted predominantly within granite, have produced some of the highest-grade aircore drill intercepts recorded at Guyer, including a standout 4 meters at 7.84 grams per tonne gold from just 8 meters depth.

Strategic Partnership and Funding

The exploration momentum at Guyer is underpinned by a $35 million farm-in agreement with Gold Road Resources Limited (ASX, GOR), signed in December 2024. Under this agreement, Gold Road has committed a minimum $5 million exploration expenditure, fully funding the current and upcoming drilling programs. Iceni is managing the exploration activities, with the potential for Gold Road to assume management upon reaching key milestones.

Managing Director Wade Johnson expressed enthusiasm about the results, highlighting the expanding strike length and the high-grade nature of the mineralisation intersected. He emphasised that these findings validate the company’s geological models and exploration strategy, particularly the targeting of gold mineralisation concealed beneath transported cover.

Next Steps, Targeting Primary Gold Zones

Building on the aircore success, Iceni is preparing for a significant follow-up reverse circulation (RC) drilling campaign scheduled to commence in mid-July 2025. This phase aims to test the primary gold zones beneath the broad +0.1 g/t gold bedrock anomalies identified by aircore drilling. The RC drilling will provide more detailed geological and grade information, crucial for advancing the project towards resource definition.

The Guyer Trend’s location within the prolific Leonora-Laverton gold district, adjacent to operating mines and processing facilities, adds strategic value to these exploration advances. The project’s proximity to established infrastructure could facilitate future development, should the exploration success translate into a viable resource.

Broader Implications for Iceni Gold

Iceni’s 14 Mile Well Project, covering approximately 850 square kilometers, positions the company as a significant landholder in a highly prospective gold region. The ongoing exploration success at Guyer, combined with other targets within the project area, supports a bullish outlook for Iceni’s growth potential. The company’s methodical approach, leveraging geophysical data and systematic drilling, is proving effective in unlocking concealed gold mineralisation.

As the exploration programs progress, market participants will be keenly watching for results from the upcoming RC drilling and any subsequent resource updates. The partnership with Gold Road Resources also provides financial and operational leverage, enhancing Iceni’s capacity to advance the project efficiently.