ICG Silver & Gold Highlights New High-Grade Battle Mountain Gold Zone in Updated 3D Model at the Tuscarora District, Nevada
The updated model integrates 1,482 additional meters of drilling ahead of a planned first mineral resource estimate in Q1 2027.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
ICG Silver & Gold (ICGSF) updated its Tuscarora District 3D model to incorporate six drill holes highlighting a new Battle Mountain gold zone.
Results previously announced on September 30, 2026 include 24.3 meters grading 10.14 grams per tonne gold and 3.4 grams per tonne silver from 181.4 meters downhole in T26RC-4. That interval includes 4.6 meters grading 51.84 grams per tonne gold. All six holes intersected gold and/or silver mineralization. The update adds 1,482 meters of drilling to a model incorporating more than 40,000 meters of historical and current drilling across the 10,100-acre Nevada district.
Results from six additional Phase 1 holes remain pending; the company expects further results in a few weeks and plans its first Tuscarora mineral resource estimate for Q1 2027. Historical sampling data have not all been verified and are considered indicative only.
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Hollow bars mark forward-looking points. How the balance works
Positive
- Moderate pointT26RC-4 intersected 24.3 meters at 10.14 g/t gold and 3.4 g/t silver from 181.4 meters downhole.
- Moderate point. Forward-looking: it has not happened yet and may not happen.ICG plans its first Tuscarora mineral resource estimate in Q1 2027.
- Minor pointT26RC-4 also intersected 30.5 meters at 0.98 g/t gold and 3.5 g/t silver.
- Minor pointT26RC-4 returned a separate 1.5-meter interval at 22.8 g/t silver and 0.20 g/t gold.
- Minor pointT26RC-5 intersected 15.2 meters at 0.73 g/t gold and 2.2 g/t silver from 224.0 meters downhole.
6 minor points
- Minor pointT26RC-5 also returned 6.1 meters at 10.5 g/t silver and 0.07 g/t gold.
- Minor pointT26RC-5 returned a separate 1.5 meters at 15.8 g/t silver and 0.23 g/t gold.
- Minor pointT26RC-1 intersected 3.1 meters at 0.24 g/t gold and 2.5 g/t silver.
- Minor pointT26RC-2 returned 1.5 meters at 0.24 g/t gold and another 1.5 meters at 0.39 g/t gold.
- Minor pointT26RC-3 intersected 3.1 meters at 0.21 g/t gold and 10.3 g/t silver.
- Minor pointT26RC-6 returned 1.5 meters at 0.36 g/t gold and 3.1 meters at 0.20 g/t gold.
Negative
- Minor pointHistorical sampling data are not fully verified, are indicative only, and may not meet current quality-control standards.
- Minor pointResults from six additional Phase 1 holes remain pending, with release dependent on interpretation and quality-control completion.
AI-generated analysis. How Rhea-AI works. Not financial advice.
- New Battle Mountain high-grade zone highlighted by 24.3 m @ 10.14 g/t Au, including 4.6 m @ 51.84 g/t Au from 181.4m downhole, now integrated into district-scale model
- Six new 2026 drill holes integrated into a 3D model incorporating more than 40,000 m of historical and current drilling across the 10,100-acre Tuscarora District
- Additional results from six Phase 1 holes pending; inaugural Tuscarora mineral resource estimate planned for Q1 2027
Vancouver, British Columbia--(Newsfile Corp. - October 6, 2026) - ICG Silver & Gold Ltd. (CSE: ICG) (FSE: JI0) (OTC Pink: ICGSF) ("ICG" or the "Company") is pleased to announce that it has updated its interactive VRIFY presentation with the results received to date from the first six holes of the Phase 1 Drill Program at the Company's Tuscarora District Project ("Tuscarora" or the "District") in Elko County, Nevada.
As announced on September 30, 2026, the Company released results from the first six drill holes at the Silica and Battle Mountain targets. All six Reverse Circulation ("RC") holes intersected gold and/or silver mineralization. Most significantly, drilling identified a new high-grade gold zone at the Battle Mountain target highlighted by an intersection of 24.3 meters of 10.14 grams per tonne ("g/t") gold and 3.4 g/t silver, while also providing additional information on the broader, lower-grade mineralized system surrounding it.
With these new updates, investors can now visualize and interact with 1,482 additional meters of data and see how the Battle Mountain and Silica targets relate to the entire 10,100-acre District that the Company now controls. For a general project overview, see Figures 1 and 2, and more detail on the Battle Mountain target in Figure 3.
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https://www.youtube.com/watch?v=qsPQoi7yA0I
"The updated 3D model allows investors to visualize the significance of our new Battle Mountain high-grade zone (24.3 meters grading 10.14 g/t gold) in relation to surrounding drilling, historical exploration and the broader Tuscarora District. Importantly, the model demonstrates how our modern drilling is being integrated with more than 40,000 meters of historical data to refine our geological interpretation," said Steven Sirbovan, President and CEO of ICG.
The VRIFY presentation allows prospective and current investors to:
- Explore the geological model in three dimensions
- Visualize more than approximately 40,000 meters of drilling combining initial results from the Phase 1 Drill Program and drilling by previous operators
- Better understand the district-scale exploration opportunity at the Tuscarora District.
Management believes the updates to the geological model and the VRIFY presentation represent important milestones in advancing the Tuscarora District to support systematic exploration and future discovery. The Company will continue refining the model as new geological information and drill results become available from the remainder of the Phase 1 Drill Program, expected in a few weeks. As reported previously, the Company is planning to announce the first mineral resource estimate for the Tuscarora District in Q1 2027.
Drilling Highlights Added to VRIFY Model (see Table 1)
- T26RC-04 intersected 24.3 meters of 10.14 grams per tonne ("g/t") gold ("Au") and 3.4 g/t silver ("Ag") from 181.4 meters downhole, including:
- 12.1 meters of 20.00 g/t Au and 4.7 g/t Ag;
- 9.1 meters of 26.58 g/t Au and 5.8 g/t Ag;
- 4.6 meters of 51.84 g/t Au and 10.2 g/t Ag; and
- 1.5 meters of 137.0 g/t Au and 25.7 g/t Ag.
- Additional mineralized intervals in T26RC-04 include:
- 6.10 meters of 1.75 g/t Au and 7.0 g/t Ag, including 1.52 meters of 5.13 g/t Au and 14.8 g/t Ag;
- 13.7 meters of 1.23 g/t Au and 3.5 g/t Ag, including 4.6 meters of 2.95 g/t Au; and
- 1.52 meters of 0.20 g/t Au and 22.8 g/t Ag.
- T26RC-05 intersected 15.2 meters of 0.73 g/t Au and 2.2 g/t Ag from 224.0 meters downhole, including:
- 7.6 meters of 1.27 g/t Au;
- 3.1 meters of 2.30 g/t Au and 1.8 g/t Ag; and
- 1.5 meters of 3.20 g/t Au and 2.3 g/t Ag.
- 6.1 meters of 10.5 g/t Ag, including individual 1.5-meter samples of up to 20.1 g/t Ag.
"Putting the Battle Mountain results into three dimensions provides important context for what we encountered in our first program at this target," said Korbon McCall, VP Exploration of ICG. "The high-grade intercept in T26RC-04, together with the broader mineralized intervals in surrounding drilling, gives us valuable information on the geometry and structural controls of the system as we refine follow-up targets around the new high-grade zone and across the broader district."
Figure 1: Updated overview of the Tuscarora District.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/12036/317598_9a1c5421e4522ad0_001full.jpg
Figure 2: Updated overview of historical and recent drill traces across the Central and East Zone.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/12036/317598_9a1c5421e4522ad0_002full.jpg
Figure 3: Historical drill database along with three new holes from Phase 1 Drill Program at the Battle Mountain target.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/12036/317598_9a1c5421e4522ad0_003full.jpg
Table 1: 2026 Phase 1 Drill Program Batched Drill Highlights Added to VRIFY Model
| Drill Hole ID | From (m) | To (m) | Interval (m) | Au (g/t) | Ag (g/t) |
| T26RC-1 | 73.2 | 76.2 | 3.1 | 0.24 | 2.5 |
| including | 73.2 | 74.7 | 1.5 | 0.40 | 2.6 |
| T26RC-2 | 111.3 | 112.8 | 1.5 | 0.24 | 2.9 |
| and | 184.4 | 185.9 | 1.5 | 0.39 | 2.1 |
| T26RC-3 | 140.2 | 143.3 | 3.1 | 0.21 | 10.3 |
| including | 140.2 | 141.7 | 1.5 | 0.28 | 14.6 |
| T26RC-4 | 117.3 | 147.8 | 30.5 | 0.98 | 3.5 |
| including | 123.4 | 129.5 | 6.1 | 1.75 | 7.0 |
| including | 125.0 | 126.5 | 1.5 | 5.13 | 14.8 |
| including | 140.2 | 141.7 | 1.5 | 8.57 | 3.4 |
| including | 138.7 | 143.3 | 4.6 | 2.95 | 2.9 |
| and | 181.4 | 205.7 | 24.3 | 10.14 | 3.4 |
| including | 181.4 | 193.5 | 12.1 | 20.00 | 4.7 |
| including | 182.9 | 192.0 | 9.1 | 26.58 | 5.8 |
| including | 182.9 | 190.5 | 7.6 | 31.68 | 6.7 |
| including | 182.9 | 187.5 | 4.6 | 51.84 | 10.2 |
| including | 182.9 | 184.4 | 1.5 | 137.00 | 25.7 |
| and | 227.1 | 228.6 | 1.5 | 0.20 | 22.8 |
| T26RC-5 | 115.8 | 121.9 | 6.1 | 0.07 | 10.5 |
| including | 115.8 | 117.4 | 1.5 | 0.03 | 18.4 |
| including | 118.9 | 120.4 | 1.5 | 0.10 | 20.1 |
| and | 131.1 | 132.6 | 1.5 | 0.23 | 15.8 |
| and | 224.0 | 239.3 | 15.2 | 0.73 | 2.2 |
| including | 224.0 | 231.7 | 7.6 | 1.27 | 1.3 |
| including | 224.0 | 230.1 | 6.1 | 1.52 | 1.4 |
| including | 224.0 | 227.1 | 3.1 | 2.30 | 1.8 |
| including | 224.0 | 225.6 | 1.5 | 3.20 | 2.3 |
| T26RC-6 | 117.4 | 118.9 | 1.5 | 0.36 | 0.4 |
| and | 128.0 | 131.1 | 3.1 | 0.20 | 0.6 |
Notes: m = meters; Au = gold; Ag = silver; g/t = grams per tonne; Sufficient work has not been completed to determine true widths for the intervals reported. All intervals are reported as depth of sample.
Table 2: 2026 Phase 1 Drill Program Drill Hole Location Data Added to VRIFY Model
| Drill Hole ID | Easting (NAD83 UTM) | Northing (NAD83 UTM) | Elevation (m) | Azimuth | Dip | Total Depth (m) |
| T26RC-1 | 562935 | 4571847 | 1872 | 060 | 55 | 242.3 |
| T26RC-2 | 562828 | 4571909 | 1822 | 220 | 84 | 213.4 |
| T26RC-3 | 562845 | 4571836 | 1873 | 137 | 76 | 219.5 |
| T26RC-4 | 562056 | 4572097 | 1895 | 085 | 45 | 294.1 |
| T26RC-5 | 562053 | 4572096 | 1902 | 110 | 65 | 254.5 |
| T26RC-6 | 561918 | 4571955 | 1907 | 135 | 45 | 259.1 |
| T26RC-7 | 563290 | 4573014 | 1910 | 080 | 55 | 256.0 |
| T26RC-8 | 566282 | 4574249 | 1842 | 090 | 73 | 213.4 |
| T26RC-9 | 566281 | 4574255 | 1842 | 030 | 67 | 298.7 |
| T26RC-10 | 566287 | 4574253 | 1838 | 120 | 65 | 274.6 |
| T26RC-11 | 566345 | 4574097 | 1825 | 090 | 50 | 274.3 |
| T26RC-12 | 566341 | 4574100 | 1828 | 027 | 62 | 248.4 |
Note: Coordinate Reference System (CRS): NAD83 / UTM Zone 11N.
Initial results from the 2026, 3,000-meter Phase 1 Drill Program show T26RC-04 intersected a newly identified high-grade shoot highlighted by 24.3 meters of 10.14 g/t gold and 3.4 g/t silver, including 12.1 meters of 20.00 g/t gold and 4.7 g/t silver, 4.6 meters of 51.84 g/t gold and 10.2 g/t silver, and 1.52 meters of 137.0 g/t gold and 25.70 g/t silver.
As showcased by the VRIFY presentation, the location of this high-grade shoot supports the Company's structural modeling approach, which was used to refine drill targeting and identify structural intersections favorable for concentrated gold-silver mineralization. The broader mineralized intervals across the six holes also provide additional information on the distribution and continuity of the surrounding lower-grade mineralized system.
The Company is not aware of any drilling, sampling, recovery, or other factors that could materially affect the accuracy or reliability of the results disclosed.
Quality Assurance / Quality Control
Samples were 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. ALS Global Laboratories is independent of the Company.
The Tuscarora District Phase 1 Drill Program drill samples were collected at 1.5-meter (5-foot) intervals. Samples were prepared using the ALS PREP-31Y package, where the sample is crushed to a target of
Gold was analyzed using the Au-GRA21 package consisting of a 30-gram fire assay with a gravimetric finish. Multi-element analysis is performed using ME-MS61, a four-acid digestion with an ICP-MS finish that provides near-total recovery for a suite of 48 elements.
The Company's quality assurance and quality control program requires regular inserts of certified reference materials, blanks, and duplicate samples into the sample stream. Company personnel review and validate analytical results and laboratory quality-control data before public disclosure.
The Company will publish results from the remainder of the Phase 1 Drill Program once it has received and interpreted the data and completed its quality assurance and quality control procedures.
Disclosure on Historical Sampling Data
Figures shown include historical data and data collected by the Company. Various operators conducted historical sampling programs, which may not meet current QA/QC standards as defined under National Instrument 43-101. The Company has not verified all historical sampling data and such information should be considered indicative only and will be used by the Company to guide future exploration work. Any future work the Company conducts will incorporate industry-standard QA/QC protocols.
QP Statement
The scientific and technical information contained in this news release has been reviewed and approved by Steven L. McMillin, P.G., an Independent Consultant, a "Qualified Person" as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects and independent consultant to the Company. Mr. McMillin reviewed hole locations in QGIS sample assays, and certified reference assays. Mr. McMillin also reviewed assay certificates and analytical procedures.
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 near the intersection of the Independence and Carlin Trends, about an 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 / ir@icgsilverandgold.com
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.
Cautionary Note Regarding Forward-Looking Information
This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information is often identified by words such as "plans", "expects", "anticipates", "believes", "intends", "estimates", "projects", "potential", "continue", "could", "should", "may", "will", "would" or similar expressions, or statements that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved.
Forward-looking information in this news release includes, without limitation, statements regarding: the anticipated inaugural mineral resource estimate for the Tuscarora District and its expected timing in Q1 2027; the expected publication of assay results from the remaining holes of the 2026 Phase 1 Drill Program; the Company's plans for continued exploration and follow-up drilling at the Tuscarora District, including at the Battle Mountain target; the Company's plans to incorporate Phase 1 results into its three-dimensional geological and structural models and resource-evaluation work; the potential for the Tuscarora District to host additional zones of high-grade mineralization; and the Company's ability to obtain required permits and adequate financing to fund its planned exploration activities.
Such forward-looking information is based on the beliefs, estimates and opinions of the Company's management as of the date hereof and is subject to known and unknown risks, uncertainties and other factors that may cause actual results to differ materially, including: the uncertainty inherent in mineral exploration and development; the Company's limited operating history as a public company; the risk that drill results may not be representative of the broader mineralized system; the risk that geological interpretations and structural models may prove inaccurate; the risk that a mineral resource estimate may not be defined within the anticipated timeframe or at all; fluctuations in gold and silver prices; the inability to obtain required regulatory approvals or permits, including from the Bureau of Land Management; the Company's dependence on the Tuscarora District as its sole material mineral property; title risks; the ability to obtain adequate financing on acceptable terms; reliance on key personnel; and general economic, market or business conditions. The foregoing list is not exhaustive. Additional risks and uncertainties are described in the Company's public disclosure documents filed on SEDAR+ at www.sedarplus.ca.
There can be no assurance that forward-looking information will prove to be accurate. Readers should not place undue reliance on forward-looking information. The forward-looking information contained in this news release is made as of the date hereof and, except as required by applicable securities laws, the Company undertakes no obligation to update or revise any forward-looking information.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/317598
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What gold results highlight ICGSF's new Battle Mountain zone?
T26RC-4 intersected 24.3 meters grading 10.14 grams per tonne gold and 3.4 grams per tonne silver from 181.4 meters downhole. Included intervals were 4.6 meters at 51.84 grams per tonne gold and 1.5 meters at 137.00 grams per tonne gold. These are downhole sample intervals, not established true widths.
When does ICG Silver & Gold plan its first Tuscarora mineral resource estimate?
ICG plans to announce its first Tuscarora mineral resource estimate in Q1 2027. This is a planned milestone, not a completed estimate.
How will ICG Silver & Gold release the remaining Tuscarora Phase 1 drill results?
ICG will publish the remaining results after receiving and interpreting the data and completing its quality assurance and quality control procedures. Company personnel review analytical results and laboratory quality-control data before public disclosure.