Iceni Gold Limited announced Gold results from rock chip and AC drilling at Guyer Central. The gold is associated with the Granite-Greenstone contact and a BIF unit. Gold anomalism has been identified along the Granite-Greenstone contact in broad spaced drilling over a length of 6km.

Gold, silver, antimony, bismuth and tellurium anomalism is associated with a BIF unit adjacent to the Granite- Greenstone contact. This multi-element signature is similar to mineralisation at Sunrise Dam. Background image is TMI RTP magnetics.

The Guyer Well target area lies in the southeastern part of Iceni's tenure. It lies over a north-northwest striking mafic greenstone sequence, bounded to the west by the Danjo Batholith and to the east by felsic volcanics. The eastern part of the Guyer Well target area is cut by the north-northwest trending Guyer Shear.

The Guyer Shear is interpreted to be a splay of the regional Celia Fault. Iceni controls 15 kms of strike of the prospective Guyer Shear within the 14 Mile Well Project. Much of the central and southern portions of the Guyer Well target area are blanketed under transported cover.

The cover sequences consist of palaeochannels covered by sheetwash and alluvial channels with lesser residual soils. The northeastern part of the Guyer Well target area is covered by lacustrine clays and sediments associated with Lake Carey. The variable depth of cover at Guyer has limited the ability of conventional soil sampling to identify coherent bedrock gold anomalies.

The CSIRO developed the UFF+ soil sampling technique to see through deep 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. A number of coherent gold and multielement anomalies have been identified, dividing the Guyer Well target area into the North Guyer, Central Guyer and South Guyer prospects. Significant anomalies have also been identified at the adjacent East Well, Burges Bore and Hage prospects.

Iceni recently completed Air Core drilling at Guyer Central. The drilling was designed to test across the interpreted position of the Guyer Shear along the eastern side of the Danjo Granite. The drilling tested an area previously identified as a UFF+ gold soil anomaly, along strike from the North Guyer gold nugget trend.

The assay results from this drilling have been received. A number of gold anomalous holes have been identified. These gold anomalous AC holes form clusters that correlate with the eastern contact of the Danjo Granite and an adjacent BIF unit.

These associations are significant because a number of gold deposits in the Leonora-Laverton District are known to have similar geological associations. The BIF associated deposits include Granny Smith, Sunrise Dam and Mt Morgans. Deposits associated with Granite-Greenstone contacts include Jubilee, Granny Smith and King of the Hills.

The Granite-Greenstone contact within the Guyer target area remains largely untested and is an opportunity to be tested by future exploration programs.