ICG Silver & Gold Expands Land Position with New "TJ" Epithermal Prospect at the Tuscarora District, Nevada
Rhea-AI Summary
ICG Silver & Gold (CSE: ICG, OTC: ICGSF) has staked six additional unpatented mineral claims totaling about 120 acres at the Tuscarora District in Elko County, Nevada, creating the new “TJ” epithermal gold-silver prospect and increasing its land package to over 10,100 acres.
The TJ area is underlain by Eocene porphyritic rhyolite–rhyodacite dikes cutting Paleozoic sediments and thrust faults, with field mapping noting hydrothermal brecciation, silicification and multi-stage infill. ICG collected 39 rock samples from breccias, silicified zones and intrusive contacts, now submitted to ALS Global for assay. According to ICG Silver & Gold, Phase 1 drill program assays from earlier work remain on schedule for release in the coming weeks.
Corporate updates include engaging German Mining Networks for a three‑month investor relations mandate at C$6,800 per month, and granting 50,000 stock options to a Technical Advisory Committee member at $0.50 per share for five years, vesting over 12 months under the company’s stock option plan.
Positive
- Land position expanded by about 120 acres to over 10,100 acres in Tuscarora
- 39 rock samples collected at TJ prospect and submitted for laboratory assays
- Phase 1 drilling assays expected in coming weeks, remaining on disclosed schedule
- IR mandate with GMN for three months at C$6,800/month to reach European investors
- 50,000 stock options granted at $0.50 to align advisor incentives with shareholders
Negative
- Investor relations cost of C$6,800 per month for at least three months
- Potential dilution from 50,000 new stock options exercisable over five years
AI-generated analysis. How Rhea-AI works. Not financial advice.
- 6 claims, ~120 additional acres staked, bringing total asset package to over 10,100 acres
- Close proximity to Nevada Gold Mines LLC on West Zone of the District
- 39 rock chip hand samples submitted for assay
Toronto, Ontario--(Newsfile Corp. - July 29, 2026) - ICG Silver & Gold Ltd. (CSE: ICG) (FSE: JI0) (OTC Pink: ICGSF) ("ICG" or the "Company") is pleased to announce that it has staked six additional unpatented mineral claims totaling approximately 120 acres within the Tuscarora District in Elko County, Nevada. The newly acquired area, designated the "TJ" prospect, is considered prospective for epithermal gold-silver mineralization based on mapped Eocene intrusive rocks, favorable structural architecture, and encouraging first-hand geological observations from recent field reconnaissance. The Company anticipates completing additional sampling and mapping work locally to further define it as a drill target.
The principal geological feature within the northeast trending TJ prospect is a series of Eocene-age porphyritic rhyolite to rhyodacite dikes and related intrusive bodies hosted in Paleozoic sediments2. These intrusive rocks crosscut Paleozoic sedimentary rocks and older thrust-fault structures, creating a favorable setting for structural preparation and hydrothermal fluid flow (see Figure 1).
"Adding these six claims expands ICG's exposure to another prospective portion of the Tuscarora District," said Korbon McCall, VP of Exploration "The combination of Eocene intrusive activity, older thrust-fault architecture, hydrothermal brecciation, silicification, and multiple stages of infill is consistent with the type of geological preparation we look for when evaluating epithermal gold-silver targets. With 39 samples now awaiting assay results, we expect the analytical data to help prioritize follow-up exploration across the newly acquired ground."
Recent field observations by Company geologists identified hydrothermal brecciation, localized rounding and reworking of breccia fragments following initial brecciation, silicification of the host rocks and breccia matrix, and later-stage silica and mineral infill within fractures, open spaces, and breccia voids (see Images 1 & 2).
Figure 1: Location of the six newly staked claims comprising the approximately 120-acre TJ prospect within the Tuscarora District.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/12036/306999_4f26eef3241b4899_002full.jpg
Note: Parcel boundaries are approximate, are provided for graphic representation only, and are not intended for boundary determination or legal survey purposes1.
Images 1 & 2: Representative outcrop hand samples from the TJ prospect showing hydrothermal brecciation, silicification, rounded and reworked breccia fragments, and later-stage fracture and open-space infill.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/12036/306999_icg1.jpg
As part of its initial evaluation of the TJ prospect, the Company collected 39 rock samples from prospective outcrops, breccias, silicified zones, and intrusive contacts. The samples have been submitted for laboratory analysis, and assay results are pending.
Update on Phase 1 Drill Program
The Company is pleased to announce that assays from initial drilling for the Phase 1 Drill Program will be available in the coming weeks and are on schedule as originally described in the Company's news release dated July 6, 2026.
Quality Assurance and Quality Control
Samples are collected under the supervision of Company personnel, securely sealed and transported under chain-of-custody procedures to ALS Global Laboratories in Elko, Nevada, for sample preparation and analysis.
Samples are prepared using the ALS method PREP-31Y, whereby the sample is crushed to a target of
Gold is analyzed using Au-GRA21, consisting of a 30-gram fire assay with a gravimetric finish. Multi-element analysis is completed using ME-MS61, a four-acid digestion with an ICP-MS finish that provides near-total recovery for a broad suite of elements.
The Company's quality assurance and quality control program includes regular insertion of certified reference materials, blanks and duplicate samples into the sample stream. Analytical results and laboratory quality-control data are reviewed and validated by Company personnel before public disclosure.
Corporate Update
The Company is pleased to announce it has engaged German Mining Networks GmbH ("GMN") to provide investor relations and shareholder communications services, including investor and shareholder scheduling, communications and assistance with roadshows. GMN is expected to provide the Company with the opportunity to broaden its national and international reach by way of introductions to investors in Europe. Peter Krah, Managing Partner of GMN, will be the principal contact responsible for the provision of such services. The engagement is for a term of three (3) months (unless terminated earlier), commencing on or about July 28, 2026, and the Company will pay a flat monthly fee of C
The Company also announces that it has granted 50,000 stock options (the "Options") in relation to a member of the Company's Technical Advisory Committee. The Options are exercisable at a price of
All securities issued pursuant to the Options are subject to applicable hold periods in accordance with Canadian securities laws and the policies of the CSE.
References
- Elko County, Nevada. 2026. Elko County Parcel Viewer. Geographic information system web application. Accessed July 17, 2026.
- Henry, C.D. and Boden, D.R., (1998), Geologic Map of the Mount Blitzen Quadrangle Nevada, Nevada Bureau of Mines and Geology, Map 110, 1:24,000.
QP Statement
The scientific and technical information contained in this news release has been reviewed and approved by Steven L. McMillin, P.G., of Rangefront Mining Services, a "Qualified Person" as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects and independent consultant to the Company.
About ICG Silver & Gold Ltd.
ICG Silver & Gold Ltd. is a new mineral exploration and development company advancing the Tuscarora District in northern Nevada. The Company's strategy is centered on:
- Advancing the Tuscarora District through systematic exploration and technical studies;
- Building a district-scale geological model; and
- Progressing the Project toward resource definition and future development.
The Tuscarora District is a silver-gold epithermal system located within the intersection of the Carlin and Independence Trends, approximately one hour northwest of Elko, Nevada. ICG controls
On Behalf of ICG Silver & Gold Ltd. Board of Directors:
Steven Sirbovan, President, CEO & Director
Corporate Office: 82 Richmond Street East, Toronto, ON, M5C 1P1
Investor relations contact:
Kristina Pillon, High Tide Consulting Corp.
604.908.1695 /
437.525.4240 / 24-hour, 7-day-a-week hotline
The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release.
Forward-looking Information
This news release includes certain statements that may be deemed "forward-looking statements". All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Forward-looking statements in this news release include, without limitation, statements related to ICG's exploration plans, including the anticipated Phase 1 Drill Program and the expected timing of assay results therefrom; the anticipated results of the 39 rock samples submitted for laboratory analysis; the Company's plans to complete additional sampling and mapping work to further define drill targets at the TJ prospect; the Company's strategy to consolidate and control a district-scale land position; and the potential for epithermal gold-silver mineralization at the TJ prospect. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, including assumptions regarding the availability of financing to fund exploration activities, the receipt of necessary permits and regulatory approvals, the accuracy of the Company's geological interpretations and models, and the reliability of historical data, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, exploration risks and uncertainties, the ability to obtain necessary permits and regulatory approvals, changes in environmental and other applicable legislation, the uncertainty of mineral exploration and development, title risks, reliance on key personnel, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
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