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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 wwadehammeron Apr 10, 2017 11:16pm
177 Views
Post# 26104565

TD

TD

Must of been jet lag cause De Jong looked run down at Zurich.  Wish I could have afforded to attend because I would've had a few questions in that last minute that was wasted.

 

De Jong talked about Triangle Depth (TD) for the first time.  Why did he choose Zurich to talk about 9 structures below C7?

Previous drilling results show the following:

In all the hundreds of holes drilled at Triangle over the last 5 years, there were only 7 assay results directly attributed to C7.  That's all - 7.  C7 hits run from 1145 meters to 1537 meters.  GPT were less than 3 in all but 1 instance (6.3 gpt over 2.4 meters)

NR dated June 8, 2016 shows a picture of Triangle and #4 Plug with drill holes and good assay results displayed for Triangle only.  This NR is the only time this picture is included in a NR.  It's a great picture and I wish they had one for #4 Plug as well.

The last assay result for C7 was August 2016

The deepest drill hole on Triangle went down 1,800 meters.  Several other holes went down to 1,500 to 1,600 meter depth but there's not much drilling at depth below C7.

Now when De Jong talks about structures below C7, you have to assume that he is talking about more C structures.  IMO he is not talking about tension veins.

It is incredible what De Jong is saying.  You have 7 C structures down to an average depth of 1,300 meters.  What he is saying is that they hit 9 C structures  from 1,300 meters to 1,800.  That's 9 structures in 500 meters.  That's hard to believe.  I'm not disputing it, it's just hard to imagine.

Now this doesn't mean that the 9 structures are rich like C2 and C4.  The 9 structures could all be like C3 - hardly worth a mention.  Or we could have 2 or 3 additional C4s.

Since they've had the assay results for over 6 months on the 9 structures below C7, why did they wait to tell us? - why tell us now?  Is this all a plan to dribble out info over time?  There's been no deep drilling of TD for over a year.  I would think it would be as important to drill TD and LD given that they hit 9 structures down to 1,800 meters.  But what do I know.  There must be a lot going on we don't know about.




 

 

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