ICG Silver & Gold drills 24.3 metres of 10.14 g/t gold at Tuscarora District, Nevada

ICG Silver & Gold Ltd. [CSE: ICG: OTC: ICGSF; FRA: JI0] has released assay results from the first six of 12 reverse circulation (RC) drill holes completed as part of its 2026 phase 1 drill program at the company’s Tuscarora district project in Elko County, Nevada.

Highlights:

T26RC-04 (Battle Mountain target) intersected 24.3 metres of 10.14 g/t gold and 3.4 g/t silver from 181.4 metres downhole, including:

4.6 metres of 51.84 g/t Au and 10.2 g/t Ag; 1.5 metres of 137.0 g/t Au and 25.7 g/t.

AgT26RC-05 (Battle Mountain target) intersected 15.2 metres of 0.73 g/t Au and 2.2 g/t Ag from 224.0 metres downhole, including 7.6 metres of 1.27 g/t Au; 1.5 metres of 3.20 g/t Au and 2.3 g/t Ag; and 6.1 metres of 10.5 g/t Ag, including individual 1.5-metre 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.

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, 100%-owned footprint of the Battle Mountain target.

Hole T26RC-04 intersected the strongest result of the program to date. The identification of a new high-grade mineralized shoot, together with the broader mineralized halos observed across these holes, provides early validation of the company’s decision to secure this prospective ground and to apply its structural modelling to define new drill targets.

Drilling highlights: T26RC-04 intersected 24.3 metres of 10.14 g/t gold and 3.4 g/t silver from 181.4 metres, including 12.1 metres of 20.00 g/t Au and 4.7 g/t Ag; 9.1 metres of 26.58 g/t Au and 5.8 g/t Ag; 4.6 metres of 51.84 g/t Au and 10.2 g/t Ag; and 1.5 metres of 137.0 g/t Au and 25.7 g/t Ag.

Additional mineralized intervals in T26RC-04 include 6.10 metres of 1.75 g/t Au and 7.0 g/t Ag, including 1.52 metres of 5.13 g/t Au and 14.8 g/t Ag; 13.7 metres of 1.23 g/t Au and 3.5 g/t Ag, including 4.6 metres of 2.95 g/t Au; 1.52 metres of 0.20 g/t Au and 22.8 g/t Ag.

T26RC-05 intersected 15.2 metres of 0.73 g/t Au and 2.2 g/t Ag from 224.0 metres, including 7.6 metres of 1.27 g/t Au; 3.1 metres of 2.30 g/t Au and 1.8 g/t Ag; 1.5 metres of 3.20 g/t Au and 2.3 g/t Ag; and 6.1 metres of 10.5 g/t Ag, including individual 1.5-metre 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, vice-president of exploration. “Intersecting 24.3 metres grading 10.14 g/t gold, including 4.6 metres 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 data set that will help us sharpen the next generation of targets across the Tuscarora district.”

Most notably, T26RC-04 intersected a newly identified high-grade shoot highlighted by 24.3 metres of 10.14 g/t Au and 3.4 g/t Ag, including 12.1 metres of 20.00 g/t Au and 4.7 g/t Ag, 4.6 metres of 51.84 g/t Au and 10.2 g/t Ag, and 1.52 metres of 137.0 g/t Au and 25.70 g/t Ag.

The location of this high-grade shoot supports the company’s structural modelling approach, which was used to refine drill targeting and identify structural positions favourable 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 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 continuing 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 continuing resource evaluation work.

The company has engaged Emerging Markets Consulting LLC (EMC) to provide investor relations and awareness services for a period of three months commencing September 29, 2026. The company has paid EMC a fee of US$150,000 for this engagement period.

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.

ICG Silver & Gold is a new mineral exploration and development company advancing the Tuscarora district in northern Nevada. The company’s strategy is centred 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, Nev. ICG controls 100% of the approximately 10,000-acre land package, on which extensive rock-chip sampling, thousands of metres of reverse circulation and core drilling, and tens of kilometres of CSAMT (controlled-source audio-frequency magnetotelluric) geophysics have been completed.