Idaho Champion Completes Fall Exploration Program on its Twin Peaks Cobalt Project
Idaho Champion Completes Fall Exploration
Program on its Twin Peaks Cobalt Project
Copper Cobalt Prospect Vein Discovered
Toronto, ON – November 22, 2022 - Idaho Champion (CSE: ITKO; OTCQB: GLDRF; FSE:
1QB1) (“Idaho Champion” or the "Company") is pleased to announce that it has
completed a fall exploration program on the Company’s Twin Peaks cobalt project
located in the heart of the Idaho Cobalt Belt.
Idaho Champion’s technical team was mobilized on October 20, 2022 to Salmon, Idaho
to undertake site reconnaissance, geologic mapping, and intital ridge and spur soil
sampling at the Company’s beneficially located Twin Peaks and Victory projects (the
“Projects”) (See Figure 1).
During the program, the technical team embarked on field days at Twin Peaks where site
reconnaissance and rock sampling was carried out. The team collected a total of 19
samples and have since submitted those samples to the assay lab. Images 1 and 2 show
some of the existing infrastructure from historic mining at Twin Peaks. Idaho Champion’s
technical team also identified a prospective copper-cobalt vein at a new priority target
area near the southwest end of the property(see Image 3). Due to weather related
complications, Idaho Champion was unable to access the Victory Project and will initiate
the phase 1 program there in the spring of 2023.
Jonathan Buick, Idaho Champion’s CEO, commented: “Our technical team worked
expeditiously to complete a fall program that will lay the groundwork for phase 2 work at
Twin Peaks in Q1 2023. The newly discovered copper-cobalt vein occurs in siltstones,
and the team was able to track it across a ravine with some fault offset. The structure
appears to continue to the northwest based on float uncovered along strike. While we
await sampling results, our team will digest the information collected and develop a plan
to test the extent of the copper-cobalt system.”
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
Image 1: Twin Peaks historic mine building Image 2: Twin Peaks ore car tramway
Image 3: Cu/Co prospect vein at Victory Project
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, inclu ding 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.