As per Iceni's last announcement. Drilling continues at the Temples of the Kings (TOTK) along strike and at depth. Both Diamond and Aircore Drilling.
This slide from Iceni's presentation states "An altered stockwork like Vein over a strike length of +500metres" @~50metres below the surface".
Envirosuite Limited Investor Presentation (icenigold.com.au)
I have amended the length of the deposit to 500metres in the calculations below.
As you can see, to in situ value of the gold and silver rises strongly even at a lowest (still high grade) 5grams/tonne head grade and at 7.5/10 gt or let alone 20g/t.
We just need to let the current drilling program confirm if the Deep Ground Penetrating Radar is right, eg a 500+metre strike length.
It won't take much for Iceni's market cap to rise from its current $45million (23c share price).
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