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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

Post by Frankyboyon Nov 16, 2016 4:35pm
228 Views
Post# 25471484

The News Today in local newspaper in Val D'Or

The News Today in local newspaper in Val D'Or
Here is The News Today in local newspaper that I translated translated into English with Google translate. This is not a perfect translation but here it is.
The scale of South Lamaque project grows over 15%
Integra Gold has commissioned a new Preliminary Economic Assessment for the South Lamaque project. This is expected to be completed in early 2017, will reflect the new resource estimate and will incorporate 105,000 to 110,000 meters of additional drilling.
South Lamaque Gold Project Integra Gold develops in Val d'Or saw its global mineral resources jump by more than 15% in the space of a year to reach a potential of 2,536,077 ounces of gold.
In an update published on 16 November, the company announced that indicated resources were increased from 1,164,699 to 1,181,503 ounces of gold, an increase of 1.5%, while inferred resources surged 31.8%, from 1,028,050 to 1,354,574 ounces of gold. There is therefore an overall average growth of about 16.65% resources.
Six different deposits
This recalculation compiles data from six different mineralized deposits located south of the former Sigma-Lamaque or Triangle, #4 plug, Parallel, #6 plug, Fortune and Sixteen. Only for filing Triangle, the potential has increased from 17.5% in indicated resources and 15.2% in inferred resources.
"While Triangle continues to prove its importance as a cornerstone of South Lamaque, the results we are seeing in #4 plug and other satellite depots fit perfectly with our intention to supply ore processing plant from multiple sources, "commented the CEO of Integra Gold, Stephen de Jong.
More good news for Integra Gold, the company is now evaluating the update ahead of its mining plan that 80% of the ore in Triangle can be extracted by the method of long-hole drilling, more economical. The previous plan rather foresaw this mode to only 30% of the ore.

https://www.lafrontiere.ca/actualites/economie/2016/11/16/l_ampleur-du-projet-lamaque-sud-grossit-de-plus-de-15--.html
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