Iceni Gold Uncovers Key Structural Upside at Goose Well with New RC Drilling

RC Drilling Confirms Gold Mineralisation and Structural Complexity

Iceni Gold Limited (ASX:ICL) has delivered encouraging results from its maiden Reverse Circulation (RC) drilling campaign at the Goose Well prospect, part of its 14 Mile Well Gold Project in Western Australia. The 19-hole, ~2,000m program returned multiple significant gold intercepts, including 10m at 0.96 g/t Au with a high-grade 1m interval of 7.53 g/t Au, validating historic mineralisation previously only partially documented.

The drilling intersected gold hosted within quartz veins embedded in monzogranite and syenite intrusions, confirming a complex stockwork system of high-grade veins within a broader low-grade halo. This supports Iceni’s interpretation of a sizeable intrusive-related gold system with multiple mineralised shoots yet to be fully delineated.

Discovery of the Gander Fault Adds a New Dimension to Exploration

Perhaps the most consequential finding is the identification of a major north-south trending structure, dubbed the Gander Fault. This fault, clearly visible in regional aeromagnetic data and coincident with multiple >15 ppb gold soil anomalies, appears to be a critical control on mineralisation distribution. The strongest gold grades from the recent drilling cluster adjacent to this fault, which remains largely untested.

The Gander Fault’s significance is further underscored by the presence of multiple lamprophyre dykes intersected in the drilling, interpreted to have exploited this deep structural trend. This structural insight refines Iceni’s geological model and points to a potential new corridor for targeting higher-grade gold mineralisation within the Goose Well Intrusive Complex.

Diamond Drilling to Sharpen Structural and Grade Understanding

Building on these RC results, Iceni plans to commence a diamond drilling program in May, aiming to drill two holes totaling approximately 350m. This program will focus on confirming the continuity and orientation of the mineralised veins, characterising their mineralogy and texture, and defining the relationship between multiple intrusive phases and the Gander Fault.

Iceni’s Managing Director Wade Johnson emphasised the importance of this next stage, noting the RC drilling’s suboptimal orientation may have underestimated true vein thickness and grade. The diamond drilling is expected to deliver critical data to optimise future drill targeting and unlock the system’s full potential.

This step follows a recent capital raise that increased funds earmarked for advancing drilling at Goose Well and other targets within the 14 Mile Well project, reflecting Iceni’s methodical approach to exploration and growth (see the recent placement to accelerate exploration).

Goose Well Positioned Within a Large Underexplored Gold District

Goose Well sits on the western edge of Iceni’s extensive 14 Mile Well tenement package, a 722 km² landholding in the highly prospective Leonora-Laverton gold district. The area is proximal to several multi-million-ounce gold deposits and operating mills, yet many tenements, including Goose Well, have never undergone systematic modern exploration.

Historical drilling programs dating back to the mid-1990s and early 2000s indicated gold mineralisation, but incomplete data and suboptimal drilling orientations limited their interpretive value. Iceni’s recent work, combining geophysics, soil sampling, rock chip assays, and now RC drilling, is building a compelling case for a sizeable new gold system within the Goose Well Intrusive Complex.

The company’s strategy of integrating multiple datasets and validating historic results exemplifies a disciplined exploration approach in a district where structural controls and intrusive-hosted gold systems are critical to discovery success.