Iceni Gold Confirms Gander Fault at Goose Well
Key points
- Diamond drilling confirmed the Gander Fault at Goose Well
- Core observations indicate a multi-phase intrusive complex
- Steeply dipping lamprophyres parallel to the Gander Fault identified
- Assay results expected in August
Full summary
Iceni Gold Limited (ASX: ICL) has completed diamond drilling at the Goose Well target within its 14 Mile Well Gold Project, confirming the presence of the Gander Fault and advancing the company's geological model for gold mineralisation. The 362m deep angled hole successfully intersected a ~25m wide interval of broken and brecciated ground, interpreted to represent the Gander Fault. The drilling identified a multi-phase intrusive complex comprising quartz syenite and monzogranite intruded by multiple generations of lamprophyre dykes. Strong silica-carbonate alteration, abundant sulphides, and progressive demagnetisation of the host intrusive rocks towards the Gander Fault support a significant hydrothermal system. Core processing and sampling are underway, with assays due in August. The findings will be integrated into the exploration model to refine drill targeting.
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