Iceni Gold has reported a significant new gold intersection hosted in basalt at its Guyer project, expanding the known mineralised footprint beneath transported cover. This discovery emerges from a major drilling campaign within its 14 Mile Well Gold Project.
- New basalt-hosted gold system identified at Guyer
- Standout drill result – 13m at 1.39 g/t Au including 3m at 5.03 g/t Au
- Drilling part of $35 million Farm-In JV with Gold Road Resources
- Discovery extends +2,000m long bedrock gold anomaly near Danjo Granite
- Follow-up drilling program underway to expand new mineralisation
A New Gold Frontier at Guyer
Iceni Gold Limited (ASX – ICL) has unveiled promising initial results from a substantial reverse circulation drilling program at its Guyer project, part of the flagship 14 Mile Well Gold Project in Western Australia. The program, comprising 59 holes totaling over 10,800 metres, has revealed a previously unrecognised style of gold mineralisation hosted within basalt rock formations. This marks a departure from the traditionally explored granite-hosted systems in the region.
The highlight is a significant intersection in drill hole GUYRC0083, which returned 13 metres grading 1.39 grams per tonne gold, including a higher-grade 3-metre section at 5.03 grams per tonne. This discovery lies beneath up to 40 metres of transported cover, a factor that has historically concealed the mineralisation from surface detection methods.
Expanding the Gold Footprint
This new basalt-hosted gold system extends a previously identified bedrock gold anomaly exceeding 2,000 metres in length, situated approximately 500 metres east of the Danjo Granite contact. The discovery adds a new dimension to the Guyer trend, suggesting a more complex and extensive mineralised system than previously understood. The basalt-hosted mineralisation appears structurally controlled by steeply dipping faults, contrasting with the flatter-lying granite-associated deposits nearby.
Iceni’s Managing Director Wade Johnson emphasised the significance of this find, noting it as the first strong gold intercept in basalt at Guyer and highlighting the potential to upscale the target given the wide spacing of initial drill lines. The company is already planning follow-up drilling, including air core, reverse circulation, and diamond drilling, to delineate and expand this new mineralised trend.
Strategic Partnership and Future Prospects
The drilling campaign is part of a $35 million Farm-In and Joint Venture agreement with Gold Road Resources Limited (ASX – GOR), which is set to be acquired by Gold Fields Limited in mid-October 2025. This partnership brings significant financial backing and operational expertise to advance exploration at Guyer and the broader 14 Mile Well project.
With the initial $5 million minimum expenditure commitment under the Farm-In now met, Iceni and its partners are poised to accelerate exploration efforts. Pending assay results from the remaining drill holes and multi-element analyses will further inform targeting and resource evaluation. The Guyer trend’s proximity to established gold mining operations in the Leonora-Laverton district adds strategic value to the discovery.
Looking Ahead
Iceni’s discovery of a new basalt-hosted gold system at Guyer underscores the potential for significant resource growth within the 14 Mile Well Gold Project. The company’s methodical approach to exploration, combined with strong JV backing, positions it well to unlock further value. However, the true width and full extent of the mineralisation remain to be determined, pending more detailed drilling and assay results.
Bottom Line?
Iceni’s basalt-hosted discovery at Guyer could redefine the project’s scale, but further drilling will be key to unlocking its full potential.
Questions in the middle?
- What will the multi-element assay results reveal about the new basalt-hosted system?
- How will Gold Fields’ acquisition of Gold Road influence the JV’s exploration strategy?
- Can follow-up drilling confirm the continuity and true width of the mineralisation?