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HomeFinTechIceni Gold: Makes syenite discovery at Deep Well

Iceni Gold: Makes syenite discovery at Deep Well

Iceni Gold Makes syenite discovery at Deep Well

  • Iceni Gold (ICL) identifies seven key priority target areas around the 14 Mile Well Project in Western Australia
  • The presence of a syenite intrusion identified at the Deep Well target is encouraging, since syenite is a prerequisite for the formation of large gold deposits
  • Both air core and diamond drilling was undertaken at Deep Well to follow up anomalous historical results, such as five metres at 3.32 grams per tonne (g/t) of gold
  • Dr Walter Witt was engaged to carry out a geological study and he has alreay identified multiple types of intrusions at Deep Well
  • Shares in Iceni are up 1.92 per cent on the market are are trading at 26.5 cents
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