Idaho Champion Commences Field Work Program at Past Producing Champagne Project
Idaho Champion Commences Field Work Program
at Past Producing Champagne Project
• Target identification for upcoming drill program
• Mapping and sampling the many historical pits across the 10 sq.
miles of prospective exploration ground
Toronto, ON – June 9, 2020 - Idaho Champion Gold Mines Canada Inc. (CSE:
ITKO) (“Champion” or the "Company"), announces that the 2020 field work
program (the “Program”) has commenced on the approximately ten (10) sq. miles
of prospective exploration ground in Butte County, Idaho.
The Program, which will act as a precurser to a planned drill program in the
upcoming months, will include:
• Mapping and sampling the many historical prospect pits and past
producing Bema Gold Corporation’s open pit (See Figure 1)
• Additional mapping will be completed to identify alteration zones and
location of the structure and faults within the 10 sq. miles that make up the
property area
• Identifying the historic drilling and trenching locations of the previously
announced historical data (See press releases from May 11, 14, 21 and 26,
2020)
• High definition airborn photography to assist with mapping and target
selection
• Geophysical lines will be located, mapped and sampled for a proposed IP
survey
“Our goal for this Program is to better understand the mineralization in the many
historical pits on the property. We will also look to gain better knowledge about
the regional geology, alteration and structure,” stated Jonathan Buick, President
and CEO “Idaho Champion is confident that the field program will increase our
geologic knowledge at Champagne and better prepare us for the upcoming drill
program.”
Figure 1: Champagne Project Property Boundaries
Rock samples collected will be described and prepared for shipment to an assay
lab yet to be determined. QA/QC protocols will be followed in handling the
samples.
Qualified Person
The technical information in this press release has been reviewed and approved
by Peter Karelse P.Geo., a consultant to the Company, who is a Qualified Person
as defined by NI 43-101. Mr. Karelse has more than 30 years of experience in
exploration and development.
Figure 2: Champagne Project Location Map
About Champagne Project
The Champagne mine was operated by Bema as a heap leach operation on a high
sulfidation gold system that occurs in volcanic rocks. Bema drilled 72 shallow
reverse circulation holes in addition to previous operators drilling and trenching. The
property had no deep drilling or modern exploration since the mine’s closure in early
1992.
The historic Champagne deposit contains epigenetic style gold and silver
mineralization that occurs in strongly altered Tertiary volcanic tuffs and flows of
acid to intermediate composition at Lava Creek. Argillic and sericite alteration is
widespread at the historic Champagne deposit. Silica flooding, alunite and barite
are closely associated with the gold and silver mineralized zone.
Champagne has a near surface cap of gold-silver mineralization emplaced by deep-
seated, structurally controlled shears that acted as conduits for precious metal rich
hydrothermal fluids. High grade zones in the historic Champagne deposit appear to
be related to such feeder shear zones. Drilling in the future to test for polymetallic,
base-precious metal deposits at depth will clarify these relationships.
ABOUT IDAHO CHAMPION
Champion is a discovery-focused gold exploration company that is committed to
advancing its 100% owned highly prospective mineral properties located in Idaho,
United States. The Company’s shares trade on the CSE under the trading symbol
“ITKO”. Champion is vested in Idaho with the Baner Project in Idaho County, the
Champagne Project located in Butte County near Arco, and four cobalt properties
in Lemhi County in the Idaho Cobalt Belt. Idaho Champion strives to be a
responsible environmental steward, stakeholder and a contributing citizen to the
local communities where it operates. Champion takes its social license seriously
and employs local community members to service its operations.
ON BEHALF OF THE BOARD,
“Jonathan Buick”
Jonathan Buick, President and CEO
For further information, please visit the Company’s SEDAR profile at
www.sedar.com or the Company’s corporate website at www.idahochamp.com.
For further information please contact:
Nicholas Konkin, Marketing and Communications
Phone: (416) 477 7771 ext. 205
Email: [email protected]
Cautionary Statements
Neither the Canadian Securities Exchange nor its regulation services provider has
reviewed or accepted responsibility for the adequacy or accuracy of this press release
This press release may include forward-looking information within the meaning of
Canadian securities legislation, concerning the business of the Company. Forward -
looking information is based on certain key expectations and assumptions made by the
management of the Company. Although the Company believes that the expectations and
assumptions on which such forward-looking information is based on are reasonable,
undue reliance should not be placed on the forward-looking information because the
Company can give no assurance that they will prove to be correct. Forward-looking
statements contained in this press release are made as of the date of this press release.
The Company disclaims any intent or obligation to update publicly any forward-looking
information, whether as a result of new information, future events or results or otherwise,
other than as required by applicable securities laws.