Drill Results
ICG Silver & Gold Identifies Major Untested Structural Corridor and Multiple New Targets at the Tuscarora District
Expanding the Tuscarora playbook with a district‑scale structural corridor

Executive Summary
- On 2026‑04‑09 ICG announced completion of a 44 km Controlled Source Audio Magnetotelluric (CSAMT) survey on the western flank of its Tuscarora District, bringing total CSAMT coverage to ~130 km.
- The survey identified a district‑scale structural corridor – the McCann Creek Structural Zone (MCSZ) – plus three additional alteration/structural targets (Zones A‑C) that are currently untested but show resistivity signatures consistent with epithermal Au‑Ag systems.
- ICG also appointed Independent Trading Group, Inc. as a market maker for its CSE‑listed shares at a flat monthly fee of C$6,000. No equity or performance compensation is attached.
Material Impact
- Exploration upside: The discovery of a high‑angle fault system with “flower‑style” geometry that aligns with known mineralization zones materially expands ICG’s drill target inventory. Prior releases only described land acquisition and funding; this is the first substantive geophysical result suggesting a new, district‑scale feeder structure.
- Capital markets: The market‑maker appointment improves liquidity and may reduce bid‑ask spreads, but the fee is modest and does not dilute shareholders.
- Alignment with prior guidance: Earlier statements (Mar 30–31) promised a fully funded Phase 1 drill program and a focus on building a comprehensive geological model. The CSAMT results directly feed that roadmap, confirming that ICG is progressing as outlined.
- Overall impact: While the corridor remains untested and no drilling results are yet available, the news provides genuinely new information that could materially affect valuation expectations, justifying a “Material – Positive” rating.
ICG · Price
Company Overview
ICG Silver & Gold Ltd. is a junior exploration company focused on the Tuscarora District in northern Nevada, an area known for epithermal gold‑silver systems. The flagship project comprises ~10,000 acres acquired from American Pacific Mining Corp., with historic RC drilling showing up to 13.6 g/t Au and 41 g/t Ag. ICG’s strategy is to build a district‑scale geological model, expand the land package, and advance multiple drill‑ready targets toward its first mineral resource estimate.
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Jun 29, 2026 · 07:01