Idaho Champion Gold Commences Drilling at Baner Project
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Idaho Champion Gold Commences
Drilling at Baner Project
Toronto, ON – August 24, 2020 - Idaho Champion Gold Mines Canada Inc. (CSE: ITKO)
(OTC: GLDRF) (“Champion Gold” or the "Company"), announces that it has commenced
the 2020 drilling program at the Company’s Baner Gold Project (“Baner”) near Elk City,
Idaho, USA.
Champion Gold expects to complete a 3,000-metre program with Core Drilling on the
Baner claims to the northeast of the gold discovery made in 2018.
“When we made the Baner gold discovery in 2018, we went 19 for 19 on gold in drill
holes, with the bulk of the mineralization being discovered as the drill moved to the north,”
stated President and CEO Jonathan Buick. “We believe that we only clipped the top of
the system. Our plan for the 2020 drill program will be to continue along the structure to
the north but to step east in order to crosscut more of the Orogrande Shear Zone.”
About the Baner Project
The Baner Project is located within the Orogrande Shear Zone (OSZ), a 20-kilometre long
and up to 1-kilometre wide regional shear zone located in Central Idaho. The OSZ is
comprised of a series of grabens composed of metamorphosed Proterozoic sedimentary
rocks of the Belt Supergroup and granitic rocks of the Cretaceous Idaho Batholith, which
is intruded by Tertiary rhyolites and dacitic dikes. Hydrothermal alteration is spatially
associated with the OSZ consisting of: silicification, sericitization, and chloritization.
Different types of mineral systems occur in the OSZ and along sympathetic structures in
the area, most likely of Cretaceous or Tertiary ages. Mineralization may include
disseminated bulk-mineable precious metal mineralization associated with sheeted or
stockwork veins, hydraulic breccias and with extensive widespread alteration; but high-
grade gold also occurs within discreet structurally controlled quartz veins and silicified
zones.
The Baner Project is in the central Idaho Gold Belt, 8 km south of Elk City, Idaho. Elk City
is an historic gold mining region dating back to the 1860’s and once supported more than
20 underground mines and extensive placer operations. During the 1930’s there were
three cyanide gold mills along Crooked River, which processed open pit and underground
sulfide ore. Exploration in the district during the 1980’s and 1990’s was primarily focused
on near-surface bulk-tonnage gold potential and included companies such as Cypress-
Amax, Kinross Gold, and Bema Gold. Premium Exploration conducted extensive airborne
and surface geophysics, soil geochemistry, and drilling around 2010. Currently, in April
2020, Endomines AB, a Nordic gold producer, began mining operations at the Friday
Project at Orogrande, which is Idaho’s newest producing gold asset.
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.
About Idaho Champion Gold Mines Inc.
Idaho 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”. Idaho
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. Idaho
Champion takes its social license seriously, employing local community members and
service providers at its operations whenever possible.
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]
THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER TO SELL OR THE
SOLICITATION OF AN OFFER TO BUY ANY SECURITIES IN ANY JURISDICTION, NOR
SHALL THERE BE ANY OFFER, SALE, OR SOLICITATION OF SECURITIES IN ANY
STATE IN THE UNITED STATES IN WHICH SUCH OFFER, SALE, OR SOLICITATION
WOULD BE UNLAWFUL.
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 i nclude 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.