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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 Jun 16, 2017 10:26am
141 Views
Post# 26370650

Where's The Assay Results?

Where's The Assay Results?GRC 1 (Toyota target) was sent for Assay in November 2016.  It's been 7 months since any news of GRC 1.  How can shareholders trust management when management withholds drill results?  Even if the results are bad, the shareholders should be informed.  Here are sections of October and November NRs relating to GRC 1.

October 2016

To date in 2016, a total of 103,938 m in 299 drill holes have been completed at Lamaque, of which 90,221 m in 270 drill holes were completed on Triangle. Drilling is ongoing with 6 drill rigs currently in operation. Four drills are operating at Triangle continuing with the infill and extensional drill program. One drill rig is completing the pilot hole at the Lamaque Deep Target which has reached a depth of 1,850 m (intended target depth for the pilot hole being 2,200 m).
Lastly, one drill rig is testing one of the more interesting and easily accessible targets generated from the Integra Gold Rush Challenge.

 

November 2016

To date in 2016, a total of 104,350 m of drilling has been completed at Lamaque, of which 92,200 m were completed on Triangle. A total of seven drill rigs are currently operating at Lamaque. One drill rig has started the wedging off of the 2,200 m long pilot hole at the Lamaque Deep target, and six drill rigs are continuing with the Triangle infill and expansion drill program.
The first phase of drilling on one of the most interesting and easily accessible targets generated from the Integra Gold Rush Challenge (the Sigma East Extension) was recently completed and assay results are pending.

 
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