Ann: 2021 Annual General Meeting - Letter and Notice of Meeting, page-5

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Xenius

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12/10/21

14:37

Post #: 56740436
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Originally posted by Goldhunter122 ↑

Once the drilling results are out, insto investors will get a good idea of the insitu value of the gold and silver and grades at both Temple of the Kings.

If they are anywhere near the 30-100grams/tonne gold and 300-500grams tonne silver, the lower end of these bonanza gold and silver grades found in multiple rock chip samples at surface, we are in for a significant re rate. The 60-90metres of highly altered sulphide bearing granite and porpheries that would extend 400-500metre deep, ensure a lot of gold is in this area.

As per below, the altered stock work like vein runs for more that 500metres along strike, which means if the grades are high, we are sitting on a multi-million ounce high grade gold deposit here at Temple of the Kings. Same as all the other large 7-10million oz deposits all around Iceni's tenements.

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gold intercepts like those are possible but realistically 2 to 3 g/t over significant widths (eg anywhere in the range of 20-50 metres) is what I am hoping for. Anything better than that would be incredibly bullish for the share price especially with the relatively shallow drilling done so far in this early phase of the exploration program.

ICL Price at posting: 30.0¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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Last 6.0¢		Change -0.001(1.64%)		Mkt cap ! $20.59M

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