Idaho Champion Sells Legacy Property
Idaho Champion Sells Legacy Property
Toronto, ON – April 27, 2020 - Idaho Champion Gold Mines Canada Inc. (CSE:
ITKO) (“Champion” or the "Company"), a discovery-focused gold exploration
company, is pleased to announce that it has entered into an agreement with
South Shore Partnership Inc., effective April 24, 2020 for the sale of all of its Ontario
patented and unpatented mining claims (the “Nudulama Claims” or the
“Property”) located in the Leeson and Bracken Townships in the District of
Sudbury Ontario, Canada.
The Nudulama Claims are a legacy property previously held by GoldTrain
Resources which became Champion through Reverse Take Over (“RTO”) (See
press release dated July 20, 2018), and the Property consists of thirteen (13)
unpatented mining claims and twelve (12) patented claims. Under the terms of the
agreement, the Company will receive cash proceeds of CAD$80,000.
“Champion’s key priority since inception has been advancing its gold assets in
Idaho. The most recent Fraser Institute ranked Idaho as the 8th best mining
jurisdiction in the world.,” President and CEO Jonathan Buick stated. “We look
forward to seeing the SouthShore Partnership find success with the Nudulama
Claims. Champion will utilize the proceeds of this sale on this year’s exploration
programs for our new discovery at the Baner project and at our past-producing
Champagne gold project.”
ABOUT IDAHO CHAMPION
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”. 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. Champion takes its social license seriously
and employs local community members and services in 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]
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.