Iceberg Average Intercept GradesA quick calculation of the average grade of significant intercepts in todays NR is just over 21 grms per ton.
17 of 31 drill holes hit signidicant gold which is a 55 % success rate.
This is a very high success rate, the sampling density index imputing that high grade gold is broadly distributed within the Iceberg deposit.
Although high grade intercepts were present at depth below 250 m, drilling was to sparse to draw conclusions beyond 250 m.
In terms of an open pit mining grade of Iceberg, there might be low grade halo gold enroute to and around the high grade veins , so very good grade control would be requred which would be normal for this type of spatial variability .
Usually dilution would be about 10 %, so you might end up with open pit head grades at 15 grams per ton.
That would be spectacular with cash costs probably below $300 per ounce.
Just a visual review of KW and K2 show similar high grades, so if they intend to proceed to mining in the conventional way..open pit first......we are going to unbelievable cash flows per ounce