Iceni Gold (ASX:ICL) hits third significant intersection at TOTK, page-2

While we wait for the lab assays from the current drilling program at Iceni's Temples of the Kings (TOTK) gold target.

It's a good time to discuss the importance of this drilling program as it continues and why the last drill hole, drilled 100metres north is helping to confirm the thickness of this highly altered sulphide bearing granite and porpheries in the drill cores.

As these drilling results start to flow, as well as drilling results from current drilling, it will help to build a resource at TOTK.









As drilling results are released, the true width of these (expect to find 2 of them) and the grade of these gold zones.

For every cubic metre, granite weighs approximately 1.5tonnes.



Since Gold and Silver drilling results and Head Grade is calculated in grams/tonne as the gold and silver grades rise.

So does the institute value of the gold and silver in the Temples of the Kings target. (These estimates below do not include estimates on the second highly altered granite zone to the West of the larger one.)

Since this deposit is only ~50metres from the surface, Capex and Opex (AISC) costs are expected to be very low and profit per Oz, high.

Below are some estimates on the Insitue Value of the gold and silver depending on True Width and Gold and Silver Grades.