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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

Comment by wwadehammeron Oct 27, 2016 8:18pm
135 Views
Post# 25395994

RE:No.5 Plug Drill Results

RE:No.5 Plug Drill ResultsGood post Goldhunter 11.  The depth of the drill holes for plug #5 were all less than 300 meters so access cost via ramp from parallel or the sigma open pit should be reasonable.  You have to wonder why they did so much drilling if they thought the vein structure was too narrow to be economical.  What I think happened was that Triangle became such a focus of management's attention, that other areas were put on the back burner.  As to why there're going after the gold rush target under the Toyota Dealership  instead of plug #5 is because they have two drill holes in the Toyota target with great grade over a much wider width than plug #5.  I think that the greater the width of strike, the more economical it is to mine.  Plug #5 will come into play at sometime in the future as will all the other areas of discovery.  The area has enough gold for the plant to operate from 20 to 30 years at 200,000 ounces per year.
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