Iceni Gold (ASX:ICL)’s shares have seen an increase of as much as 9.1% to A$0.12, marking their biggest intra-day jump since July 14.

This rise has been driven by the company’s recent discovery of approximately 2 ounces of gold nugget on the surface of the Claypan target area in Western Australia.

Furthermore, Iceni Gold (ASX:ICL) has joined forces with artificial intelligence-driven mineral explorer SensOre (ASX:S3N) in an exploration targeting collaboration initiative.

The partnership will concentrate on utilising SensOre’s AI and machine learning technologies over Iceni Gold’s 14 Mile Well project.

This promising discovery and partnership have propelled Iceni Gold (ASX:ICL)’s stocks to their highest point since July 27.

The company’s stocks have enjoyed a 37.5% increase this year as of the last close.

Iceni Gold (ASX:ICL) is a gold exploring company which recently found an approximately 2-ounce gold nugget in the Claypan target area in Western Australia.