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Friday 21 June 2024

Iceni Gold (ASX:ICL) discovers gold-bearing quartz veinlets at its Christmas Gift prospect

Iceni Gold (ASX:ICL) has revealed additional fieldwork at the Christmas Gift prospect in the Everleigh Well area has exposed multiple spectacular gold-bearing quartz veinlets within a narrow, sheared basalt-interflow sediment contact.

  • Additional fieldwork at the Christmas Gift prospect in the Everleigh Well area has exposed multiple spectacular gold-bearing quartz veinlets within a narrow, sheared basalt-interflow sediment contact.
  • Previous high-grade rock chip assay results returned from the outcropping gold bearing veinlets included: 18,207g/t Au, 18,179g/t Au, 16,776g/t Au, 16,659g/t Au, 14,780g/t Au
  • The structure has now been exposed over an approximately 20m strike length that is open and has advanced the geological model to provide a priority drill target, in addition to providing a focus for the greater Everleigh area.
  • Gold collected by prospectors from a crushed bulk sample of ore bearing rock, including the quartz veinlets from the sample trench, has produced a 9.5oz gold doré bar.
  • A multi-hole diamond drill program to evaluate the down dip position of the Christmas Gift shear is well advanced, with site prep completed and drilling to commence in the June 2024 Quarter.

Managing Director Wade Johnson said: “The shallow excavation and sampling activities at Christmas Gift exposing the rich gold-bearing quartz veinlets within the shear zone is an exciting development for the Company. The additional fieldwork has improved our knowledge of the host structure, has advanced our understanding to further explore the Christmas Gift structure, but also provides a geological model that we can apply elsewhere in the Everleigh Well area. The strike length of the structure is open, drill sites have been prepared and we are looking forward to commencing drilling shortly to evaluate the down dip extent of the structure and rapidly advance this priority target”.

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