Idaho Champion Gold Mines Files Revised AIF and Amended Technical Reports
Idaho Champion Gold Mines Files Revised AIF and
Amended Technical Reports
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES
Toronto, ON – July 23, 2020 - Idaho Champion Gold Mines Canada Inc. (CSE: ITKO)
(“Champion” or the "Company"), announces that it has filed a revised annual information form
for the year ended December 31, 2019 (the "AIF"), and amended technical reports following a
regulatory review of the Company’s preliminary prospectus (including the documents
incorporated by reference therein) and technical reports filed on July 14, 2020.
The AIF has been revised to include a statement of executive compensation for the year ended
December 31, 2019, and additional disclosure with respect to directors or officers of the Company
who had acted in the capacity of a director or officer of an issuer that was subject to a bankruptcy
(or similar proceeding) or a cease trade order (or similar proceeding) within the past ten years.
The Company has also filed an amended technical report for each of its Baner and Champagne
projects, respectively entitled “NI 43-101 Technical Report on the Baner Project, Updated from
the August 2018 Report” (the “Baner Report”), and “Technical Report on the Champagne
Property, Arco, Idaho, U.S.A.” (the “Champagne Report”), each amended as of July 21, 2020.
The Baner Report has been amended to replace information about sources of information for the
Baner Report previously disclosed under the heading in Section 3 - “Reliance on Other Experts”
under the heading in Section 2 - “Introduction and Terms of Reference”. The replacement was
effected to avoid suggestions that the author of the Baner Report was “relying” on sources of
information other than as permitted under the enumerated exceptions for reliance on other experts
described in Section 3 of National Instrument 43-101F1 - Reliance on Other Experts.
The Champagne Report was amended to (a) remove disclosure concerning the reason the primary
author of the Champagne Report could not conduct a personal inspection on the property in order
to avoid suggestions about available exemptions from the current personal inspection
requirements of National Instrument 43-101 in the context of the COVID-19 public health crisis;
(b) include a description of data verification procedures associated with the current personal
inspection undertaken by the qualified person responsible for the current personal inspection; and
(c) include each authors’ opinion on the adequacy of the available data for the purposes used in
the Champagne Report.
This news release is issued and the re-filings of the AIF, Baner Report and Champagne Report
described above are made at the request of staff of the Ontario Securities Commission in
connection with the review conducted in connection with the filing of a short form prospectus by
the Company.
Each of the AIF, Baner Report and Champagne Report are available under the Company’s profile
on SEDAR at www.SEDAR.com.
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 and employ
local community members and services 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]
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. 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.