Exploration Update
28 February 2021
onlyuse sonal14 Mile Well Gold Project
Disclaimer and Forward-looking Statements
This document dated 28 February 2022 has been prepared by Iceni Gold Limited (Company) and is provided for information purposes only. This document does not constitute an offer, invitation, solicitation or recommendation with respect to the purchase or sale of any security in the Company nor does it constitute financial product advice. This document is not a prospectus, product disclosure statement or other offer document Australian law or under any other law. This document has not been filed, registered or approved by regulatory authorities in any jurisdiction.
This document and the information contained within it is strictly confidential and is intended for the exclusive benefit of the persons to whom it is given. It may not be reproduced, disseminated, quoted or referred to, in whole or in part, without the express written consent of the Company. By receiving this document, you agree to keep the information confidential, not to disclose any of the information contained in this document to any other person and not to copy, use, publish, record or reproduce the information in this document without the prior written consent of the Company, which may be withheld in its absolute discretion.
onlyThe information contained in this document is not intended to be relied upon as advice or a recommendation to investors and does not take into account the investment objectives, financial situation, taxation situation or
needs of any particular investor. An investor must not act on the basis of any matter contained in this document but must make its own assessment of the Company and conduct its own investigations and analysis. Investors should assess their own individual financial circumstances and consider talking to a financial adviser, professional adviser or consultant before making any investment decision.
Statements and information in this document are current only as at 28 February 2022 and the information in this document remains subject to change without notice. The Company has no responsibility or obligation to i form you of any matter arising or coming to its notice, after the date of this document, which may affect any matter referred to in this document.
While reasonable care has been taken in relation to the preparation of this document, none of the Company or its directors, officers, employees, contractors, agents, or advisers nor any other person (Limited Party) guarantees or makes any representations or warranties, express or implied, as to or takes responsibility for, the accuracy, reliability, completeness or fairness of the information, opinions, forecasts, reports, estimates
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limitation, any liability arising out of fault or negligence, for any loss arising from the use of or reliance on information contained in this document including representations or warranties or in relation to the accuracy or
useobligation or undertaking to disseminate any updates or revisions to any forward looking statements in this document to reflect any change in expectations in relation to any forward looking statements or any change in events, conditions or circumstances on which any such statement is based.
completeness of the information, statements, opinions, forecasts, reports or other matters, express or implied, contained in, arising out of or derived from, or for omissions from, this document including, without limitation, any financial information, any estimates or projections and any other financial information derived therefrom.
Certain statements in this document constitute forward looking statements and comments about future events, including the Company's expectations about the performance of its businesses. Such forward looking tatements involve known and unknown risks, uncertainties, assumptions and other important factors, many of which are beyond the control of the Company and which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements. Forward looking statements are provided as a general guide only, and should not be relied on as an indication or guarantee of future performance. Given these uncertainties, recipients are cautioned to not place undue reliance on any forward looking statement. Subject to any continuing obligations under applicable law the Company disclaims any
On 3 March 2021, the Company released a prospectus (Prospectus) for the offer of fully paid ordinary shares in the capital of the Company (Shares), a copy of which can be accessed from the Company's website at https://www.icenigold.com.au/.
Competent Person Statement; The information in this announcement that relates to exploration results fairly represents information and supporting documentation prepared by Mr David Nixon, a competent person who is a member of the Australian Institute of Mining and Metallurgy. Mr Nixon has a minimum of twenty years' experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a competent person as defined in the 2012 Edition of the Joint Ore Reserves Committee Australia Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr. Nixon is a related party of the Company, being the Technical Director, and holds securities in the Company. Mr Nixon has consented to the inclusion in this announcement of the matters based on his i formation in the form and context in which it appears. The information in this announcement that relates to exploration results on the 14 Mile Well project was first released by the Company in its IPO prospectus dated 3 March 2021, and released on the ASX market announcements platform on 12 April 2021 (Prospectus). The Company confirms that it is not aware of any new information or data that materially affects the information included in the Prospectus.
Iceni Gold - Exploration Update 28 Feb 2022 | www.icenigold.com.au | 2 |
sonal | ||
Work Done
• Claypan - Commenced DD (910m) at Target C6 | |||||||
• North 1 - Completed first phase of DD (5,325m) and AC (3,457m) drilling at TOTK | |||||||
only | DD results imminent, AC results expected end Q1 | ||||||
• Deep Well - Completed DD (2,184m) and AC (6,860m) drilling on Target FMW44 | |||||||
DD results received, AC results imminent | |||||||
• Danjo NE - Completed DD (2,829m) and AC (4,495m) drilling | |||||||
use | DD results expected beginning Q2 | ||||||
• Everleigh - Completed DD (997m) on Target CSA04 | |||||||
DD results expected beginning Q2 | |||||||
sonal | • Guyer - Identified 2 new UFF Au anomalies and Commenced AC (1,745m) drilling | ||||||
• Monument - Identified new UFF Au anomaly | |||||||
Totalling: 12,245m DD, 16,557m AC & 11,516 UFF soil samples. | |||||||
Very happy with progress to date, production is in line with plans and expectations. | |||||||
Iceni Gold - Exploration Update 28 Feb 2022 | www.icenigold.com.au | 3 | |||||
14 Mile Well Project
only | YILGARN CRATON | EASTERN GOLDFIELDS | KURNALPI TERRANE | 14 MILE WELL HAS | |||
WA | SUPERTERRANE | 7 TARGET AREAS | |||||
use | |||||||
| The 14 Mile Well Project | The EGST has produced | | The Kurnalpi Terrane has | Claypan | ||
is located in the Yilgarn | 130 Moz of gold and | Deep Well | |||||
Craton in WA | contains 17 world class | Produced over ~ 40 Moz | |||||
of Gold | North 1 | ||||||
gold deposits containing | |||||||
sonal | 100t of gold | | 14 Mile Well is located in | Danjo NE | |||
the Kurnalpi Terrane | Everleigh Well | ||||||
Guyer | |||||||
Monument | |||||||
Iceni Gold - Exploration Update 28 Feb 2022 | www.icenigold.com.au | 4 | |||||
Key Target Areas
ICENI Gold has identified seven key target areas, each with multiple targets within them:
Claypan | Deep Well | North 1 | ||||||||||||||
only | Claypan | Danjo NE | Everleigh | Monument | ||||||||||||
Guyer | ||||||||||||||||
Each target area has potential for the 4 different styles of Gold mineralisation which have been identified in the | ||||||||||||||||
North 1 | ||||||||||||||||
Project area. | ||||||||||||||||
The main styles of gold mineralisation that ICENI has identified and will be exploring for are: | ||||||||||||||||
Deep Well | ||||||||||||||||
Danjo NE | Intrusion related gold: Sub-circular discrete magnetic features - analogous to the Wallaby, Jupiter, | |||||||||||||||
Cameron Well deposits and associated with Mafic Group or Syenite Group intrusions. | ||||||||||||||||
use | Orogenic lode gold: Deep tapping structures and second / third order pathways. | |||||||||||||||
Everleigh | ||||||||||||||||
◾ Celia-Claypan Fault | ||||||||||||||||
(9km strike), | ||||||||||||||||
Guyer | ||||||||||||||||
◾ Castlemaine Fault | (30km strike), | |||||||||||||||
◾ Guyer Fault | (15km strike). | |||||||||||||||
Monument | ||||||||||||||||
sonal | Granitoid hosted gold: Dominated by the Danjo Monzogranite/ Mafic Group Intrusion (e.g. Witt, 2018; | |||||||||||||||
Cassidy et al., 2020). | ||||||||||||||||
Epithermal gold system: Geochemical anomalies of high gold, silver bismuth and tellurium have been | ||||||||||||||||
identified in the North One, TOTK and Danjo NE target areas. | ||||||||||||||||
Each target area has several positive exploration signatures and has the potential to host significant | ||||||||||||||||
mineralisation. | ||||||||||||||||
14MW Tenement Package with 7 key target areas | ||||||||||||||||
Iceni Gold - Exploration Update 28 Feb 2022 | www.icenigold.com.au | 5 | ||||||||||||||
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Iceni Gold Ltd. published this content on 28 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 February 2022 04:31:07 UTC.