Iceni Gold Unveils High-Grade Hits in Maiden Guyer Diamond Drilling
Iceni Gold’s initial diamond drilling at the Guyer Trend within its 14 Mile Well Project reveals multiple high-grade gold intersections, reinforcing the potential of this concealed gold system and setting the stage for a major follow-up drilling campaign.
- Maiden 6-hole diamond drilling intersects high-grade gold over 2000m strike
- Notable assays include 3.65m at 7.46 g/t Au and 6.52m at 2.63 g/t Au
- Drilling confirms multiple shallow dipping shear zones controlling mineralisation
- Results underpin a robust structural model guiding upcoming $5 million RC drilling
- Exploration funded under $35 million Farm-In agreement with Gold Road Resources
Exploration Breakthrough at Guyer
Iceni Gold Limited (ASX, ICL) has delivered a significant exploration update from its maiden diamond drilling program at the Guyer Trend, part of the 14 Mile Well Gold Project in Western Australia. The six-hole campaign, spanning over 2,100 metres, has intersected multiple zones of high-grade gold mineralisation, confirming the presence of a substantial and structurally complex gold system concealed beneath transported cover.
The standout intersections include 3.65 metres grading 7.46 grams per tonne gold, highlighted by a remarkable 0.5 metres at 50.2 grams per tonne, and another intercept of 6.52 metres at 2.63 grams per tonne. These results not only represent some of the highest grades recorded at Guyer to date but also validate the geological model that targets shallow dipping shear zones within the granite host rock.
Structural Insights and Geological Context
The drilling has revealed a broad, more than 500-metre-wide corridor of multiple narrow, shallow dipping shear zones trending northwest. These structures appear to be the primary controls on gold mineralisation, extending over at least 1,500 metres of strike length. While the precise geometry and continuity of these shears remain to be fully delineated, the findings align with known styles of orogenic gold deposits in the prolific Leonora-Laverton district.
Iceni’s Managing Director Wade Johnson emphasised the importance of these results, noting that the combination of high-grade intersections and structural data enhances the understanding of the mineralisation style and geometry. This improved geological framework is critical for targeting future drilling and advancing the project towards resource definition.
Strategic Partnership and Next Steps
The Guyer Trend is the focal point of 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, which is currently being managed by Iceni. The recent diamond drilling results provide a strong foundation for the upcoming reverse circulation (RC) drilling campaign, scheduled to commence in late July 2025.
This next phase of drilling aims to test the broad shear zone system more extensively and evaluate newly identified gold anomalies from recent aircore drilling. The program is expected to significantly expand the understanding of the Guyer mineral system and potentially unlock a sizeable primary gold resource concealed beneath shallow cover.
Regional Significance and Exploration Potential
Located between the gold mining towns of Leonora and Laverton, the 14 Mile Well Gold Project benefits from proximity to established gold operations and infrastructure. The Guyer Trend’s geological setting adjacent to the Danjo Granite and greenstone sequences is analogous to other major gold deposits in the region, such as Jupiter and Westralia. Historical workings nearby, including the Pennyweight mine, underscore the district’s rich gold endowment.
Iceni’s systematic exploration approach, combining geophysics, geochemistry, and multiple drilling techniques, continues to build a compelling case for the Guyer Trend as a high-priority target. The ongoing collaboration with Gold Road Resources further strengthens the project’s development prospects.
Bottom Line?
With high-grade diamond drilling results in hand, Iceni Gold is poised to accelerate exploration and potentially reshape the gold landscape at 14 Mile Well.
Questions in the middle?
- How will the upcoming RC drilling refine the structural model and resource potential at Guyer?
- What are the implications of the Farm-In agreement’s success milestones on project management?
- Could the Guyer Trend mineralisation extend beyond the currently defined 6km anomaly?