Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Intchains Group Ltd V.ICG


Primary Symbol: ICG

Intchains Group Ltd is a China-based provider of integrated solutions consisting of high-performance application specific integrated circuit (ASIC) chips and ancillary software and hardware for blockchain applications. The Company has built a proprietary technology platform named Xihe Platform, which allows to develop ASIC chips.


NDAQ:ICG - Post by User

Post by goldhunter11on Oct 27, 2016 4:44pm
169 Views
Post# 25395069

No.5 Plug Drill Results

No.5 Plug Drill ResultsFinally, I tracked down some drill results of this Plug which were kind of buried in the results for Fortune. See 7 Jan 2015, link below.

https://www.integragold.com/s/news_releases.asp?ReportID=690202

The grades are excellent, but the intercepts are in the range of 1m (narrow veins, compared to thick fat veins in Triangle). A Summary is given below:

"The No. 5 Plug drill program, completed in the fall of 2014, was undertaken to expand the successful drill campaign completed on No. 5 Plug in late 2012. While drill holes are widely spaced and additional drilling is likely required to further define the zones, multiple narrow, high grade veins were successfully intercepted. Vein intercepts seem to have lateral and dip extensions that extend in some cases greater than 100 m from the primary area of mineralization. Identified mineralized structures also appear to dip from 15 to 40 degrees to the south with some vein stacking occurring.

The narrow high grade "flat" vein structures prevalent at No. 5 Plug are very similar to the vein arrays that were historically mined at the neighboring Sigma Mine, some of which occur only 250 m north of the No. 5 Plug on the acquired Sigma-Lamaque property."

Also, de Jong said:
"The drill results announced at the Fortune Zone continue to improve our confidence in the Company's geological model, while the drill results from the exploration program at No. 5 Plug demonstrate the ability for Integra to further grow the resource base and continue to discover new deposits on the property, noted Company President and CEO Stephen de Jong. "The No. 5 Plug in particular is within a few hundred meters (underlined  mine) of the proposed underground infrastructure for the Parallel zone in our existing mine plan meaning any potential resources we are able to define should be relatively simple to access."

In fact looking at the map, the proposed ramp from Sigma to Parallel and Fortune is a lot closer to #5 Plug than Fortune.

Note also that there is a target identified by the GRC that sits next to the boundary of # 5 Plug. The #1 GRC target, the Toyota target, is north of the hwy, the black rectangle is ICG exploration office. See map below.

https://www.integragold.com/i/pdf/Zones_Loc_Infrastructure_Targets_2015-03.pdf

As indicated previously, the bulls eye for #5 Plug is twice the size of the Toyota bulls eye.
So, why try to hide #5 Plug, especially if ICG has some excellent results from its 5000m drill
program. Also, I have not seen any historical results even though this target appeared to have been drilled like swiss chees (slide 19, Corp Pres, the bulls eye in the middle of the page). Anyone?
GH

<< Previous
Bullboard Posts
Next >>