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Iceni Gold Ltd. ( (AU:ICL) ) just unveiled an announcement.
Iceni Gold Limited announced positive results from its fourth aircore drilling campaign at the Guyer Trend within the 14 Mile Well Gold Project. The campaign revealed expansion of the gold anomaly, now extending up to 1100 meters wide and 2500 meters long, indicating a large primary bedrock gold system. The results have outlined three robust gold bedrock anomalies, and the company plans a major RC drilling campaign, funded by Gold Road Resources, to further evaluate the primary zone in early February. This development is part of a $35 million Farm-In agreement with Gold Road, suggesting promising prospects for Iceni’s operations and its stakeholders.
More about Iceni Gold Ltd.
Iceni Gold Limited is a company operating in the mining industry, focusing on gold exploration and development. Its primary project is the 14 Mile Well Gold Project, located between the towns of Leonora and Laverton, Western Australia. The company is engaged in identifying and developing significant gold anomalies within its exploration areas.
YTD Price Performance: 5.71%
Average Trading Volume: 447,769
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: A$22.78M
Find detailed analytics on ICL stock on TipRanks’ Stock Analysis page.
