Iceni Gold Limited announced exploration update. Evidence of historic gold workings can be found in the area of the intrusion and in the surrounding reaction halo. The Company is prospecting the area using metal detectors, and systematic searching has recovered +150 gold nuggets adjacent to the Goose Well intrusion.

The nuggets display an assemblage of textures that indicate some surface transport, supergene enrichment and the preservation of primary textures. The presence of angular gold fragments, crystalline gold and attached pieces of the quartz vein host suggest the gold nuggets have not travelled far from source. The interpretation that the gold nuggets have not travelled far is supported by nearby high-grade gold results in surface rock chip sampling.

Peak gold values exceed 20g/t Au and have strong coincident silver, bismuth and tellurium anomalism. These samples were associated with quartz veins hosting fresh sulphides or box works after sulphides. The multi-element geochemical anomalies are coincident with significant physical and geophysical anomalies related to the syenite intrusion.

The intrusion displays a characteristic vegetation assemblage that forms a striking circular vegetation anomaly visible in aerial photography and satellite imagery. A strong circular high surrounding a central low is apparent in the magnetic imagery. The magnetic high is interpreted to be a magnetite rich reaction zone surrounding the non-magnetic syenite intrusion at its core.

The radiometrics display strong circular total count (TC) and potassium (K) anomalies that are coincident with the central potassium rich syenite intrusion.