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Drill Results Routine +

ICG Silver & Gold Mobilizes Drill Rig for 3,000-Meter Phase 1 Drill Program at the Tuscarora District, Nevada

Newly public Nevada silver-gold explorer mobilizes Phase 1 drill rig on the Carlin Trend, advancing toward first resource estimate.

By The Northwire Desk — AI Analysis Jun 29, 2026 · 07:01 ICG · 0.44 ICG Silver & Gold Ltd.
Executive Summary
  • ICG Silver & Gold confirms the arrival of Major Drilling International Inc.'s Schramm T455 RC drill rig at the Tuscarora District in Nevada.
  • Site preparations are complete; the 3,000-meter Phase 1 drill program is scheduled to begin in the coming days.
  • Initial assay results are anticipated in August 2026.
  • The program targets six priority silver-gold zones (East Pediment, Grand Prize, Kings Vein, Modoc, South Navajo, and Battle Mountain) identified through recent district-scale geological modeling.
  • Management emphasizes that five of the six targets have seen limited modern exploration despite favorable historical results.
Material Impact
  • The announcement confirms execution of a previously announced plan. The drill mobilization follows the securing of permits (June 16) and local support arrangements (June 18).
  • There are no changes to the program scope (still 3,000 meters), contractor (Major Drilling), or timeline (drilling in June, assays in August).
  • The news is operationally positive but lacks new, unexpected information. It represents standard project progression for an exploration-stage company.
  • Market impact is expected to be muted, as the drill start was already priced in following the permitting and contractor announcements earlier in June.
ICG · Price
Company Overview
  • ICG Silver & Gold is a newly public, exploration-stage precious metals company focused on the 100%-owned Tuscarora District in Elko County, Nevada.
  • The project sits on the Carlin Trend, a world-class gold-silver jurisdiction, and comprises approximately 10,000 acres.
  • The company acquired the district from American Pacific Mining Corp. in March 2026 and has since focused on integrating historical data, conducting geophysical surveys (CSAMT, magnetics, gravity), and building a district-scale 3D geological model.
  • The strategic goal is to advance the district toward its first-ever mineral resource estimate through systematic, modern exploration.
Read the original news release →

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