Iceni Gold Limited announced that Hage's Bore UFF+ Total Rare Earth Element anomaly (Ce+La+Y). The REE anomaly is coincident with a UFF+ gold anomaly. Background image is magnetics TMI RTP.

Hage's Bore UFF+ gold soil anomaly is associated with a syenite related intrusion and coincident with a UFF+ Rare Earth Element (REE) anomaly, located 3kms east of the Guyer gold nugget anomaly. The CSIRO developed the UFF+ soil sampling technique to see through transported cover and identify the anomalies hidden below. The UFF+ soil sampling was conducted across the entire tenement package on a regular grid (nominally 100m x 400m).

The soil samples were analysed for 50 elements, along with other soil properties like soil sizing, colour, conductivity and acidity, along with short wave infra-red analysis (SWIR) to identify clay mineralogy. The UFF+ results have been reviewed and interpreted by an external consulting geochemist. Exploratory Data Analysis identified the Total REE (Ce+La+Y) anomaly on the eastern edge of the 14 Mile Well project.

Deeper geochemical analysis found it was coincident with a coherent gold and multi-element anomaly. This anomaly has been identified 3kms east of the Guyer trend. This anomaly is known as Hage's Bore-14UF017, named after the nearby well of the same name.

Gold anomalism in UFF+ sampling across the Guyer Well target area. The Hage's Bore -14UF017 anomaly is located to the east of the main Guyer trend. Background image is TMI RTP magnetics.

Examples of the coincident multi-element anomalism that supports the coherent UFF+ gold anomaly at Hage's Bore ­ 14UF017. The priority 1 area displays gold, tellurium and bismuth anomalies that are all centered on a syenite related intrusion. The Hage's Bore anomaly comprises three main priority areas, namely: Target 1: Au-Te-Bi (Ag-As) multi-element anomaly associated with a syenite related intrusion.

Target 2: Au-Cu-Ag-Hg multi-element anomaly coincident with a high priority geophysical target. Target 3: Northerly oriented Pt-Pd (Ni) multi-element anomaly coincident with mafic outcrop. View of the central intrusion at Hage's Bore surrounded by a magnetic amphibolite halo.

The gossanous quartz vein breccia is located to the north. The view is looking towards the west. Figure 6: View of the gossanous quartz vein breccia located north of the main multi-element anomaly.

The gossanous zone is approximately 100m in length and has a northerly trend. View is looking towards the northwest. The priority 1 target area is centred on a granodiorite intrusion with syenite phases and porphyries around its margins.

The granodiorite hosts mafic cognate xenoliths. Multielement rock chip geochemistry will be required to confirm the classification of the intrusion but it is anticipated that it will be classified as a mafic-type granite. This is significant because mafic type granites are known to be associated with gold mineralisation in the Yilgarn Craton.

The syenite phases have been cut by a stockwork quartz vein array. The veins are dominated by quartz with lesser carbonate and they display weathered boxworks after sulphides. This is significant because there is an established association between syenites and gold mineralisation in the Laverton District.

At this early stage the total REE anomaly is thought to be related to the syenite associated intrusion. Other syenite and carbonatite related gold deposits in the district (for example Wallaby) also display REE anomalism. A gossanous quartz vein breccia was discovered during field validation of the Hage anomaly area.

The quartz vein displays multiple generations of brecciation. The gossanous boxworks associated with the quartz vein are interpreted to be after pyrite. Analysis of selected gossanous samples using portable X-Ray Fluorescence (pXRF) indicates anomalous values for tellurium, bismuth, antimony and barium (caution should be exercised when considering results from pXRF analysis, as pXRF results are indicative only and should not be relied upon.

pXRF results are not a substitute for conventional laboratory analysis). This metal assemblage is consistent with a syenite related mineral system. View from a hill adjacent to the Hage's Bore UFF+ anomaly, showing the locations of the nearby gold mines in the Laverton District.