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Intchains Group Ltd V.ICG


Primary Symbol: ICG

Intchains Group Ltd is a provider of integrated solutions consisting of computing application specific integrated circuit (ASIC) chip products for blockchain applications and a corporate holder of cryptocurrencies based on Ether (ETH). The Company utilizes a fabless business model and specializes in the front-end and back-end of Integrated circuit (IC) design, the two components of the IC product development chain. The Company’s products include computing ASIC chip products consisting of ASIC chips, computing equipment incorporating ASIC chips, ancillary software and hardware, the products are mainly used in the blockchain industry. The Company had built a technology platform named Xihe. The Company has developed hardware models and several systems under the Xihe Platform, including a factory production test system, an after-sales data system, a computing server system and a batch management system.


NDAQ:ICG - Post by User

Comment by Marine2on Jan 19, 2015 9:44pm
178 Views
Post# 23337578

RE:RE:RE:RE:RE:pea

RE:RE:RE:RE:RE:pea"""
(....Thanks checkmate28, If ICG does decide to go with the underground
exploration program, I'm sure Hervé Thiboutot & company would be more
than anxious to have a first hand, up front look at what they have
underground. The nature of these deposits is such that you need to get
underground to explore, develop and produce. Plus when doing a bulk
sample underground, there are times (I'm thinking PVG's bulk sample
program), where there are unforseen opportunitys to run into a very nice
unexpected upside surprise.""")

.

 

This is why doing underground drilling is so importantes with a

 bulk sample !

Assuming Integra's application for certificate of authorization (CA) is approved without hiccups, ICG.V could be permitted to build its ramps underground very soon. Ideally ICG.V will build the ramp(s), get underground, drill the veins from very close proximity, and then incorporate the underground drilling into a feasibility study. Drilling in this fashion is important as this type of system also contains subvertical (straight up and down) veins. When subverticals intersect others, historically at Sigma and Lamaque they were called 'jewelry boxes'; quartz with incredible amounts of visual gold embedded. When ICG.V does a resource estimate these bonanza grade intersections are essentially ‘capped out,’ however it has had intersections before of 950 g/T over 1 m. When ICG.V drills from surface it has no idea how many of these straight up and down veins there are as it is drilling along them, when it gets underground it can drill across them and get a much better feel for what is there. The saying in Val d’Or for almost 100 years has been, ‘drill for structure, drift for grade.’ This means a successful drill program is one that hits the structure, or the quartz veining, regardless of grade, as it is not until the miners drift right into the zone the true gold content is realized. Luckily for Integra they have incredible amounts of information from a long and rich history of mining on a very similar deposit right next door.

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