Basalt Host Delivers: Iceni Gold's Exciting New Gold Discovery at Guyer
Iceni Gold Limited (ASX: ICL) has announced compelling new gold intersections from its recent RC drilling program at the Guyer prospect, uncovering a promising basalt-hosted gold system with potential high-grade characteristics. The discovery, located within the company's flagship 14 Mile Well Gold Project between Leonora and Laverton, represents an exciting new phase in Iceni Gold Ltd new gold discovery journey.
Major New Gold Discovery in Basalt Host Rock
The standout result from Iceni's major 59-hole/10,842m reverse circulation (RC) drilling campaign comes from hole GUYRC0083, which delivered an impressive 13m @ 1.39 g/t Au from 179m, including 3m @ 5.03 g/t Au from 182m. This significant intersection supports and enhances a previously identified +2,000m long air core (AC) bedrock gold anomaly.
"The new gold intersection in hole GUYRC0083 is a fantastic result for Guyer and one that demonstrates a new style of gold mineralisation that supports our view of the significant scale of this system," said Iceni Managing Director Wade Johnson. "GUYRC0083 is the very first RC hole drilled on this basalt target and represents our first strong gold intercept hosted within basalt."
Other notable intersections from the program include:
- 5m @ 1.14 g/t Au from 121m in GUYRC0076 (including 1m @ 4.92g/t from 122m)
- 12m @ 0.17 g/t Au from 103m in GUYRC0075 (including 1m @ 1.09 g/t Au from 114m)
- 5m @ 0.68 g/t Au from 133m in GUYRC0074 (including 2m @ 1.53 g/t Au from 133m)
Hidden Treasure: Gold Discovery Beneath Substantial Cover
What makes this discovery particularly significant is that it was found beneath approximately 40 meters of transported cover, with a partially stripped profile that limits the extent of the geochemical footprint in the weathered zone. This indicates the potential for further discoveries along an under-explored trend proximal to the Danjo Granite contact.
The discovery opens up an entirely new trend hosted in basalt approximately 500m east of the contact with the Danjo Granite. Unlike the flat-lying mineralization typically associated with the Danjo Granite, these new intercepts appear to be controlled by steeper dipping structures within a more favorable mafic host rock.
Understanding Basalt-Hosted Gold Systems
Basalt-hosted gold deposits represent an important style of gold mineralization in Archean greenstone belts worldwide. In these systems, gold is typically associated with quartz-carbonate veins or shear zones that have developed within basaltic volcanic rocks.
The significance of Iceni's discovery lies in its potential scale – the basalt-hosted mineralization in GUYRC0083 lies on a +2,000m long trend identified through air core drilling. The favorable mafic host rock can provide excellent structural pathways for gold-bearing fluids, potentially creating extensive mineralized systems.
For investors, basalt-hosted gold systems can be particularly attractive as they often provide good continuity and predictability in resource definition stages, making them amenable to efficient mining operations if economic grades and widths are maintained.
Strategic Partnership Adds Value
The Guyer Trend is part of Iceni's Farm-In and Joint Venture agreement with Gold Road Resources Limited (ASX: GOR), which is expected to be acquired by Gold Fields on October 14, 2025. Under this agreement, Gold Road can earn up to an 80% joint venture interest by spending $35 million over three stages.
The initial $5 million minimum exploration commitment has already been met, demonstrating the significance of this project within Iceni's broader portfolio. Upon completion of Gold Road's acquisition, Gold Fields will become the partner to the Farm-In agreement and a major shareholder in Iceni.
Upcoming Exploration Plans
Given the significance of this new gold discovery, Iceni has immediately commenced designing a follow-up drill program to expand upon the intercept in GUYRC0083. This program will include a combination of AC, RC, and diamond drilling to fully delineate the extent of this newly discovered gold system.
The company awaits results from the remaining 41 RC drill holes completed in the Guyer Main and Minerie areas, expected shortly. Once all assays, including multi-element analyses, are received, the Farm-In partners will conduct comprehensive geological and geochemical analysis to plan and expedite further exploration.
Why Investors Should Follow Iceni Gold
Iceni Gold represents a compelling investment opportunity for several key reasons:
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Strategic Land Position: The company controls a significant 850km² tenement package in the highly prospective Leonora-Laverton district, adjacent to Genesis Minerals' Laverton Gold Operation.
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Multiple Discovery Opportunities: Beyond Guyer, Iceni has identified additional mineralized trends including 'Wild West' at Everleigh-Tatong and 'Guyer West', forming part of a potential 7km continuous mineralized corridor.
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Strong Financial Backing: The $35 million Farm-In agreement with Gold Road (soon to be Gold Fields) provides substantial funding for exploration without excessive dilution to shareholders.
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Systematic Exploration Approach: Iceni employs a methodical exploration strategy, using geophysics, metal detecting, surface sampling, and drilling to systematically evaluate its extensive land package.
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Experienced Management: Led by Managing Director Wade Johnson, the team brings significant technical expertise and a track record of successful gold exploration in Western Australia.
With this exciting Iceni Gold Ltd new gold discovery at Guyer, Iceni is demonstrating the significant potential of its 14 Mile Well Gold Project. The company's strategic approach to exploration, combined with strong financial backing, positions it well to continue making meaningful discoveries that could transform this emerging gold district.
Ready to Explore Iceni's Basalt Gold Potential?
Discover why Iceni Gold's promising new basalt-hosted gold system at the Guyer prospect could represent a significant investment opportunity in the Leonora-Laverton gold district. With multiple gold intercepts, strategic partnerships, and a systematic exploration approach, Iceni is positioned for growth in this emerging gold region. Visit Iceni Gold's website today to learn more about their 14 Mile Well Gold Project and stay updated on their latest exploration results.
