ICG Silver & Gold Intersects 24.3 Meters of 10.14 g/t Gold, Including 4.6 Meters of 51.84 g/t Gold and 10.2 g/t Silver, at the Tuscarora District, Nevada
All six reported drill holes encountered mineralization, while six additional completed holes still await assay results.
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) reported a new gold zone at Battle Mountain within its Tuscarora District project in Nevada. Hole T26RC-04 intersected 24.3 meters averaging 10.14 grams per tonne gold and 3.4 grams per tonne silver from 181.4 meters down hole. This included 4.6 meters averaging 51.84 grams per tonne gold and 10.2 grams per tonne silver. Battle Mountain lies within newly staked, 100%-owned ground.
All six reported holes encountered gold and/or silver mineralization. T26RC-05 intersected 15.2 meters averaging 0.73 grams per tonne gold and 2.2 grams per tonne silver from 224.0 meters. Assays remain pending for six completed holes at King's Vein and East Pediment. ICG plans to use the results to refine follow-up drilling targets and support resource evaluation. Separately, it paid US$150,000 for three months of investor relations and awareness services beginning September 29, 2026.
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-04 intersected 24.3 meters at 10.14 g/t gold and 3.4 g/t silver from 181.4 meters down hole.
- Minor pointT26RC-04's nested intervals included 4.6 meters at 51.84 g/t gold and 10.2 g/t silver.
- Minor pointT26RC-04 also intersected 6.10 meters at 1.75 g/t gold and 7.0 g/t silver.
- Minor pointT26RC-04's separate interval returned 13.7 meters at 1.23 g/t gold and 3.5 g/t silver.
- Minor pointT26RC-04's additional silver interval returned 1.52 meters at 22.8 g/t silver and 0.20 g/t gold.
5 minor points
- Minor pointT26RC-05 intersected 15.2 meters at 0.73 g/t gold and 2.2 g/t silver from 224.0 meters.
- Minor pointT26RC-05's silver interval returned 6.1 meters at 10.5 g/t silver, with individual 1.5-meter samples up to 20.1 g/t.
- Minor pointAll six reported holes encountered gold and/or silver mineralization across Silica and Battle Mountain.
- Minor pointBattle Mountain's new gold zone lies within newly staked, 100%-owned ground.
- Minor point. Forward-looking: it has not happened yet and may not happen.ICG plans to incorporate results into three-dimensional models to refine follow-up drilling targets and support resource evaluation.
Negative
- Moderate pointInvestor relations and awareness services cost US$150,000 for three months beginning September 29, 2026. 1.3% of market cap
- Minor pointSix completed holes at King's Vein and East Pediment still have assays pending.
- Minor pointHistorical sampling data are not fully verified and may not meet current quality standards; they remain indicative only.
AI-generated analysis. How Rhea-AI works. Not financial advice.
- T26RC-04 (Battle Mountain target) intersected 24.3 meters of 10.14 g/t Au and 3.4 g/t Ag from 181.4 meters down hole, including:
- 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
- T26RC-05 (Battle Mountain target) intersected 15.2 meters of 0.73 g/t Au and 2.2 g/t Ag from 224.0 meters down hole, including:
- 7.6 meters of 1.27 g/t Au;
- 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
- All six holes between the Silica and Battle Mountain targets encountered gold and/or silver mineralization; six additional completed drill holes from King's Vein and East Pediment have assays pending
Vancouver, British Columbia--(Newsfile Corp. - September 30, 2026) - ICG Silver & Gold Ltd. (CSE: ICG) (FSE: JI0) (OTC Pink: ICGSF) ("ICG" or the "Company") is pleased to announce assay results from the first six of twelve reverse-circulation ("RC") drill holes completed as part of its 2026 Phase 1 Drill Program at the Company's Tuscarora District Project ("Tuscarora" or the "District") in Elko County, Nevada.
All six RC holes intersected gold and/or silver mineralization. Most significantly, drilling identified a new high-grade gold zone at the Battle Mountain target, while also providing additional information on the broader, lower-grade mineralized system surrounding it.
"This is a significant result for ICG and an important validation of our approach at Tuscarora," said Steven Sirbovan, President and CEO of ICG Silver & Gold. "T26RC-04 intersected high-grade gold mineralization over a substantial drilled interval, with grades increasing significantly within the broader zone. We are particularly encouraged that this result comes from Battle Mountain - ground we secured earlier this year based on our team's geological interpretation. It gives us a compelling new high-grade zone to follow up and reinforces the broader exploration potential we see across the Tuscarora District."
The Company is especially pleased with the results from holes T26RC-04 through T26RC-06, as these three holes are within the newly staked,
Drilling Highlights (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, 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, 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.
- All six holes intersected mineralization, improving the Company's understanding of the broader mineralized halos and providing additional information for its evolving geological and structural models.
"T26RC-04 is an exciting accomplishment for the program," said Korbon McCall, VP of Exploration. "Intersecting 24.3 meters grading 10.14 g/t gold, including 4.6 meters grading 51.84 g/t gold, demonstrates the ability of our structural targeting approach to identify previously untested high-grade mineralization. Just as importantly, the mineralized intervals encountered across all six holes provide valuable new information about the geometry, controls and broader footprint of the system. We now have a compelling new high-grade zone at Battle Mountain to follow up on, alongside an expanding geological dataset that will help us sharpen the next generation of targets across the Tuscarora District."
Figure 1: Plan View showing 2026 Phase 1 Drill Program drill holes. Bottom left indicate drill holes for Silica and Battle Mountain targets, TR26-01 thru TR26-03 (Silica) and TR26-04 thru TR26-06 (Battle Mountain).
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Figure 2: Plan View showing current and historical drilling on the Battle Mountain target.
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Figure 3: Battle Mountain Section (A-A') showing drilling highlights.
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Figure 4: Battle Mountain Section (B-B') showing drilling highlights.
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Table 1: 2026 Phase 1 Drill Program Batched Drill Highlights
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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
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Most notably, T26RC-04 intersected a newly identified high-grade shoot highlighted by 24.3 meters of 10.14 g/t Au and 3.4 g/t Ag, including 12.1 meters of 20.00 g/t Au and 4.7 g/t Ag, 4.6 meters of 51.84 g/t Au and 10.2 g/t Ag, and 1.52 meters of 137.0 g/t Au and 25.70 g/t Ag.
The location of this high-grade shoot supports the Company's structural modeling approach, which was used to refine drill targeting and identify structural positions 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.
2026 Phase 1 Drill Program
The 2026 Phase 1 Drill Program was designed to test and expand multiple shallow gold-silver targets across the Tuscarora District and provide additional geological and assay information in support of the Company's ongoing resource-evaluation work.
The results reported in this release represent the first six RC holes from the program. Samples from six additional drill holes are continuing through the assay process. Results from those holes will be published following receipt, completion of the Company's quality assurance and quality control procedures, and technical review.
The Company will incorporate results from the first six holes into its three-dimensional geological and structural models to refine targets for follow-up drilling and support ongoing resource-evaluation work.
Corporate Update
The Company is pleased to announce that it has engaged Emerging Markets Consulting LLC ("EMC") to provide investor relations and awareness services for a period of three months commencing on September 29, 2026. The Company has paid EMC a fee of
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/316544
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What were ICGSF's main Battle Mountain gold drilling results?
T26RC-04 intersected 24.3 meters at 10.14 grams per tonne gold and 3.4 grams per tonne silver from 181.4 meters down hole. Nested intervals included 4.6 meters at 51.84 grams per tonne gold and 10.2 grams per tonne silver, and 1.5 meters at 137.0 grams per tonne gold and 25.7 grams per tonne silver.
What must happen before ICG Silver & Gold publishes the remaining Tuscarora drilling results?
ICG will publish the remaining results after receiving the assays, completing quality assurance and quality control procedures, and conducting technical review. Samples from six additional completed holes are continuing through the assay process.
Are ICG Silver & Gold's reported Tuscarora drilling intervals true widths?
True widths have not been determined because sufficient work has not been completed. The reported intervals describe down-hole sample depths rather than established widths of the mineralized zones.
How reliable are the historical sampling data shown with ICGSF's Tuscarora results?
The historical sampling data are indicative only, and ICG has not verified all of them. Various operators collected these data, which may not meet current quality assurance and quality control standards under National Instrument 43-101. ICG will use them to guide future exploration.