Top 10 at 10: ICL sees an abundance of gold at within 14 Mile Well’s Everleigh deposit

Stockhead’s Top 10 at 10, published at ~10.30am each trading day, highlights the best (and worst) performing ASX stocks in morning trade using live data.

It’s a short, sharp update to help frame the trading day by showing the biggest movers in percentage terms.

The market opens at 10am (eastern time) and the data is taken at 10:15am, once every ASX stock has started trading.

WINNERS

Stocks highlighted in yellow have made market-moving announcements (click headings to sort).

On the winners list today is Iceni Gold (ASX:ICL) after announcing recent fieldwork confirmed a high-grade gold vein at the Everleigh target area within its 14 Mile Well gold project in WA.

ICL said ongoing fieldwork and sampling confirms the presence of mineralisation within the Christmas Gift soil anomaly.

“Multi-element assays from the high-grade outcropping quartz vein with visible gold in the Everleigh target area show a clear geochemical signature for this mineralisation, including Au, Ag, Cu, Hg, W, (Pt) and Pd,” ICL technical director David Nixon said.

Preliminary multi-element assays have shown 16,900 grams per tonne (g/t) of gold, 2,500g/t silver, 426g/t copper, as well as significant mercury, tungsten, platinum and palladium hits.

“The geochemistry includes anomalous platinum and palladium results, which are key components within the signature of the 14UF010 soil anomaly,” Nixon said.

“Fieldwork continues to focus along the length of the soil anomaly in the search for further outcropping veining along strike.

He said the Everleigh Well target area continues to deliver positive results, where a number of key targets will be prepared for exploration drilling.

LOSERS

Stocks highlighted in yellow have made market-moving announcements (click headings to sort).