Idaho Champion Reports Results of 2020 Core Drilling at Champagne Project, Idaho including 1.04 g/t Gold Equivalent over 42.98 Metres
Idaho Champion Reports Results of 2020 Core
Drilling at Champagne Project, Idaho including
1.04 g/t Gold Equivalent over 42.98 Metres
Toronto, ON – February 16, 2021 - Idaho Champion Gold Mines Canada Inc. (CSE: ITKO;
OTCQB: GLDRF; FSE: 1QB1)(“Idaho Champion” or the "Company") is pleased to report
the results from its 2020 diamond core (“Core”) drilling campaign at its 100% controlled
Champagne Gold Project (“Champagne”) near the city of Arco, Butte County, Idaho.
2020 Champagne Drilling Highlights:
• Drill hole DDH-CC-20-02 intersected 1.04 g/t gold equivalent (“AuEq”) for the
interval 123.14-166.12 m (42.98 m core length), including 1.22 g/t AuEq for the
interval 123.14-157.06 m (31.93 m core length).
• Drill hole DDH-CC-20-02 was collared at Mine Hill in the approximate center of
the unmined 300 m interval between the North and South Pits (Bema Gold c.
1989-90).
• This mineralized interval is associated with shallow induced polarization
anomalies in chargeability and resistivity as reported in the Idaho Champion press
release dated Feb 2, 2021.
“Core drilling and results of our IP survey have provided data to better formulate a
conceptual geologic model for the Champagne District,” stated President and CEO,
Jonathan Buick. “The promising mineralization from the program demonstrates there is
gold in the system below the historic mined pits where we are confident that we can
identify additional resources. Our evolving geologic model indicates that the base, or
roots, of a larger system that may have been the feeder for all mining in this district lies
off to the west. This large body of anomalous chargeability will be drill tested in 2021.”
Champagne Drilling Technical Summary
The 2020 core drilling program consisted of seven (7) diamond drill holes totaling 2,818
Metres (Fig. 1). Five core holes (DDH-CC-20-01 through DDH-CC-20-05) were positioned
on Mine Hill in the vicinity of the North and South Pits and two core holes (DDH-CC-20-
06 and DDH-CC-20-07) were located further north near the Ella Mine breccia vein.
Three holes (DDH-CC-20-01, -02, -07) intersected promising precious metals
mineralization, with the strongest presence of gold and silver intersected in DDH-CC-20-
02. The spatial relationships of these three holes to results of the recently completed
induced polarization (IP) survey are represented in Figs. 2-3 (see also Idaho Champion
press release of February 2, 2021). An inferred low-angle detachment fault represented
in Fig. 2 is interpreted to have displaced the shallow IP anomaly at Mine Hill from a larger
and deeper anomaly 800 m west of Mine Hill.
Table 1: 2020 Champagne Core Drill Program – Significant Au and Ag Intercepts for All Holes (DDH-CC-20-01 – DDH-CC-20-07)
Drill Hole From (m) To (m) Length
(m)1 Au (g/t) Ag (g/t) AuEq
(g/t)2
DDH-CC-20-01 379.97 381.00 1.03 1.03 30.79 1.44
395.94 398.98 3.04 0.78 - 1.01
DDH-CC-20-02
123.14 166.12 42.98 0.67 27.87 1.04
Including
123.14 157.06 31.93 0.75 34.73 1.22
AND
157.58 166.12 8.54 0.52 10.07 0.65
DDH-CC-20-03 No significant Au or Ag intercepts
DDH-CC-20-04 No significant Au or Ag intercepts
DDH-CC-20-05 No significant Au or Ag intercepts
DDH-CC-20-06 No significant Au or Ag intercepts
DDH-CC-20-07
440.44 452.63 12.19 0.03 9.98 0.17
Including
440.44 447.79 7.35 0.04 8.88 0.16
1 - Reported intervals are down-hole lengths and not true thickness. 2 -AuEq calculated using a gold/silver ratio of 75:1. AuEq (g/t) = Au (g/t) + [ Ag (g/t) / 75] (based
on $1,200 Au and $15 Ag pricing)
Length-weighted average grades are calculated with un-capped gold assays.
Figure 1: Champagne Gold Project 2020 Exploration Drill Hole Locations
Figure 2: Cross sections showing downhole AuEq intervals (red disks) plotted on 3D IP chargeability model.
High AuEq values are associated with chargeability highs. The large, buried IP chargeability high is
currently interpreted to be the center of the mineralizing system. Details about the recently competed
IP survey at Champagne can be found in Idaho Champion’s news release dated 2 February 2021.
Figure 3: 2020 Idaho Champion Core and Reverse Circulation Drill Holes and
2020 3D IP Chargeability Model
DDH-CC-20-01 (Fig. 4) was inclined westward beneath the central part of the North Pit
across a series of mineralized and altered breccia and fractured intervals. The intervals
represent a sheeted pyritiferous breccia zone, the upper oxidized portion of which was
mined for gold and silver in the North Pit. Below the pit floor, the breccia intervals in the
intercept were found to be separated by intervals of less-altered andesite. DDH-CC-20-
01 is interpreted to have progressed from the very top of the hydrothermal mineralizing
system down into increasingly gold-bearing parts of the system. This gradient of
increasing gold with depth also correlates to intervals of increased levels of anomalous
pathfinder metals (principally As, Hg, Sb, and Bi).
Figure 4: Champagne Gold Project Drill Section and AuEq Results: DDH-CC-20-01
DDH-CC-20-02 (Fig. 5) was sited to test the projected trace of the Last Chance Zone,
which had historically been exploited for oxide-silver (Horn Silver Mine) and deeper lead-
zinc-silver sulfide mineralization. The reported common occurrence of accessory
famatinite (copper-antimony sulfosalt) and aikinite (copper-bismuth sulfosalt) with the
sulfide ore is also of exploration interest. The Last Chance Zone was intersected between
drilling depths of 123.14 to 166.12 Metres and is comprised of strongly pyritized breccia
and brecciated andesite with sulfide intervals approaching semi-massive character.
The results show that the zinc and lead values appear to be tapering off down hole, but
anomalous gold content continues to depth, as does silver and copper. The pathfinder
metal mercury reaches very high levels with scattered intervals of strong arsenic and
scattered intervals of anomalous antimony and bismuth. A fault that is interpreted as a
low-angle detachment structure was encountered below the intersection of the Last
Chance Zone.
Figure 5. Drill Section and AuEq Results: DDH-CC-20-02
DH-CC-20-07 (Fig. 6) was designed to test the Ella Mine breccia vein but is interpreted
to have instead pierced the detachment fault at shallow depth. The hole was advanced
through propylitically altered footwall ash-fall and crystal tuff units in an effort to penetrate
the eastern edge of the IP anomaly on Lines 4 and 5. Strong sericite-silica alteration and
well-developed mosaic brecciation was intersected beginning at a depth of 340 m. The
pyrite content increased to 3 – 8% with the sericite and silica alteration and is
accompanied by anomalous silver, zinc, lead and arsenic (as well as weakly anomalous
gold values). At depths of 441.96 to 452.63 Metres, anomalous silver (up to 42.3 g/t),
copper (up to 0.22%), and anomalous gold (up to 0.107 g/t) occur within a brecciated
interval. Zinc, lead, and arsenic are also anomalous within this interval. At a depth of 475
m, the hole returned to dominantly propylitic alteration with diminished pyrite content.
The direction and angle of the hole suggests that only the outer-most edge of the IP
anomaly was intersected.
Figure 6. Drill Section and AuEq Results: DDH-CC-20-07
Quality Assurance/Quality Control Procedure
Idaho Champion Gold adheres strictly to a regimented drill core handling and processing
procedure. Core from the drill rig(s) is logged for lithology, mineralization, structure,
alteration, and veining. During the logging process 1 to 2 meter samples are delineated
by company geologists. Core is then photographed and sawn in half. Following sawing,
individual samples are extracted from core boxes and inserted into individual sacks with
a unique waterproof sample number tag and sealed. The remaining half-core is left in
core boxes for post-cut photographing and storage. Sacks containing samples are kept
indoors on site until they are transported to the assay lab.