Idaho Champion Commences Fall Exploration Program on its Cobalt Properties
Idaho Champion Commences Fall Exploration
Program on its Cobalt Properties
Toronto, ON – October 20, 2022 - Idaho Champion (CSE: ITKO; OTCQB: GLDRF; FSE:
1QB1) (“Idaho Champion” or the "Company") is pleased to announce that it has
mobilized a technical team to begin advancement of the Company’s cobalt projects
located in the heart of the Idaho Cobalt Belt.
The Idaho Champion technical team has arrived in Salmon, Idaho and will prioritize the
Company’s beneficially located Twin Peaks and Victory projects (the “Projects”) (See
Figure 1) for the 2022 fall program.
2022 Fall Exploration Program Items:
• Comprehensive site reconnaissance
• Field program – preliminary geologic mapping
• Initial ridge and spur soil sampling
Jonathan Buick, Idaho Champion’s CEO, commented: “We are pleased to be boots-
on-the-ground in Idaho to advance our cobalt properties, where our team has already
completed a comprehensive desktop evaluation. The US government has been explicit
in the country’s needs for domestic critical metals supply, including cobalt. The Idaho
Geological Survey recently flew an airborne survey across Butte County, providing
valuable regional scale data to all the players in the area. Jervois Mining has recently
announced the commencement of production in the district, and exploration activities
are ramping up with the strong cobalt demand for use in lithium batteries. All of this has
driven Idaho Champion to expedite our first phase of fieldwork and move the projects
forward as quickly as possible. We see a real opportunity to make an impact joining our
peers in the Idaho Cobalt Belt.”
The Twin Peaks Project comprises 2,761 hectares (6,820 acres) and includes the
historic Twin Peaks Copper Mine. It is located approximately 3 kilometres from Electra
Battery Metals’ advanced exploration stage Iron Creek Project, which boasts an indicated
resource of 2.2 Mt* grading 0.26% cobalt (Co) and 0.65% copper (Cu) and 2.7 Mt*
grading 0.22% Co and 0.68% Cu in the inferred category.
The Victory Project is comprised of 1,627.5 hectares (4,020 acres) and is 6 kilometres
south of the historic Blackbird Mine and Jervois Mining’s Idaho Cobalt Operations*, which
was officially commissioned on October 7, 2022 as North America’s only primary cobalt
mine.
* The Projects are at an early stage of exploration, and the Company cautions that the
qualified persons who have reviewed and approved this news release have not verified
scientific or technical information produced by third parties. Further, proximity to projects
containing cobalt-copper resources offers no assurance that the rock types or resources
reported by Electra, Jervois and others will extend onto the Projects; nor should such
proximity be assumed to imply similarity to mineralization and results reported by other
companies in the district.
Figure 1: Idaho Cobalt Belt Location Map
Qualified Person
Patrick Highsmith, Certified Professional Geologist (AIPG CPG # 11702) and director of
the Company, is a qualified person as defined by National Instrument 43 -101. Mr.
Highsmith has helped prepare, reviewed, and approved the technical information in this
news release.
About Idaho Champion Gold Mines Inc.
Idaho Champion is a discovery-focused exploration company that is committed to
advancing its highly prospective mineral properties located in Idaho, United States and
shortly, Quebec, Canada. The Company’s shares trade on the CSE under the trading
symbol “ITKO”, on the OTCQB under the trading symbol “GLDRF”, and on the Frankfurt
Stock Exchange under the symbol “1QB1”. Idaho Champion is vested in Idaho with four
cobalt properties in Lemhi County in the Idaho Cobalt Belt. In addition, the Company has
been advancing the Baner gold project in Idaho County and the Champagne polymetallic
project located in Butte County near Arco.
Idaho Champion strives to be a responsible environmental steward, stakeholder and
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) 567- 9087
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 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, including suggested strike
extension. 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.