Iceni Gold Ltd. (AU:ICL) has released an update.
Iceni Gold Ltd. has reported promising developments at its Christmas Gift prospect, part of the 14 Mile Well Gold Project in Western Australia, with the discovery of gold-bearing quartz veinlets and high-grade rock chip assay results. The company also commenced a maiden diamond drilling program to explore the extent of the gold-bearing structure and raised a total of $3.5 million through a share placement and sale of surplus assets. The Christmas Gift prospect, known for historical gold nugget finds, has shown high-grade vein assays averaging 16,900g/t Au, strengthening the site’s potential.
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