Idaho Champion Gold Mines Canada Inc. (CSE:ITKO)(OTCQB:GLDRF)(FSE:1QB1) (“Idaho Champion” or the “Firm”) is happy to report the outcomes from its 2020 geochemical soil sampling program on the 100% managed Champagne Gold Mission (“Champagne”) close to the town of Arco, Butte County, Idaho
2020 Soil Pattern Program Highlights:
- Analytical outcomes of 534 samples from seven (7) reconnaissance soil traces together with 5 (5) soil traces overlapping with the beforehand introduced Induced Polarization (IP) survey (See Press Release Dated February 2, 2021).
- Anomalous gold (to 19 ppb), silver (to 12.1 ppm, the best worth within the survey), arsenic, tellurium, bismuth, and base metals overlie the massive NW Anomaly (Determine 1); an IP chargeability anomaly recognized 800 metres northwest of Mine Hill.
- The best gold worth within the survey (456 ppb) and three further samples better than 100 ppb gold overlie the Mine Hill IP chargeability anomaly.
- The Mine Hill Anomaly is inferred to characterize the fault-displaced higher portion of the NW Anomaly. Drill testing of the NW Anomaly is a precedence in 2021.
“Our Champagne soil geochemical outcomes present elevated gold, silver, and base metals values over the massive anomaly that we found throughout our IP program in 2020, which suggests an intact and zoned hydrothermal system,” said President and CEO, Jonathan Buick. “The NW Anomaly stays undrilled and open to the north. The 2020 IP and geochemical soil sampling program coated solely a small portion of the world managed by Champion. We’re excited to develop our exploration program in 2021.”
Soil Sampling Outcomes
Gold values within the soils vary from beneath detection restrict (1 ppb) to a most of 0.456 ppm (456 ppb). Six samples assayed better than 100 ppb gold. 4 of those samples overlie the Mine Hill IP chargeability anomaly, together with the best gold worth of 456 ppb (Determine 1). A complete of 75 samples assayed 10 ppb gold or better.
Silver values within the soils vary from beneath detection restrict (0.03 ppm) to a most of 12.1 ppm. A complete of 18 samples assayed 1.00 ppm silver or better, of which 8 samples overlie the Mine Hill IP chargeability anomaly. The best silver worth of 12.1 ppm and an extra 5 samples that assayed better than 1.0 ppm silver overlie the NW IP chargeability anomaly (Determine 1). A complete of 91 samples assayed 0.25 ppm silver or better.
Vital base metallic enrichments in soil samples are reported. The best values inside the survey embody 3,810 ppm lead, 522 ppm zinc, and 77 ppm copper. Elevated values for zinc are significantly widespread, with 185 samples reporting 100 ppm or better.
Moreover, strongly anomalous values are reported for bismuth (to 29 ppm), arsenic (to 113 ppm), mercury (to fifteen ppm), antimony (to 10 ppm), tellurium (to three ppm), and selenium (to 4 ppm). The realm overlying the NW anomaly is especially enriched in these parts, together with the best reported values for bismuth and mercury (Determine 2).
The induced polarization (IP) survey accomplished by Idaho Champion Gold in 2020 established the presence of a shallow zone of elevated chargeability at Mine Hill (“Mine Hill Anomaly”) and a deeper, bigger chargeable zone approx. 800 metres northwest of Mine Hill (“NW Anomaly”). Based mostly on detailed geologic mapping additionally accomplished in 2020, the Mine Hill Anomaly is interpreted to characterize the higher portion of the NW Anomaly that has been severed and displaced to the southeast by low-angle detachment faulting (Figures 2 and three).
At Mine Hill, historic floor and underground mining and vital mineralized intercepts from Idaho Champion’s 2020 Part I drilling set up the spatial coincidence of gold-silver-base metallic enrichment close to floor and chargeable zones at depth (Idaho Champion information launch 16 February 2021). Outcomes of the reconnaissance soil geochemistry traces affirm this spatial coincidence at each the Mine Hill and NW chargeability anomalies.
General, soil geochemical outcomes are interpreted to characterize a gold-silver-base metals -enriched hydrothermal system with sturdy affinities to a magmatic supply. Additional, zonation patterns obvious within the distribution of elevated values for bismuth, arsenic, antimony, and tellurium (Determine 2) counsel this hydrothermal system could also be centered on the NW Anomaly, which stays open to the north.
The seven extensively spaced soil geochemical orientation traces occupy lower than 25% of the world managed by Idaho Champion on the Champagne Mission. Comply with-up soil grids are deliberate for 2021 to each develop and in-fill the soil geochemical protection.
Drill testing on the NW anomaly and extra exploration targets is deliberate for Q3 2021.
Soil Sampling Methodology
Soil sampling was accomplished through the interval August-November 2020. A complete of 534 soil samples was collected alongside seven reconnaissance traces at a pattern spacing of 30 metres. Survey traces had been oriented typically east-west and roughly perpendicular to the strike of mapped faults and breccia zones. 5 of the soil survey traces coincided with parts of beforehand accomplished induced polarization (IP) traces (Determine 1; see additionally Idaho Champion information launch of two February 2021). Area duplicate samples had been collected at a fee of roughly 1 in 20 samples. Duplicates had been taken from a separate gap dug inside 5m of the unique pattern gap. Area duplicates confirmed excellent repeatability for low ranges of gold and anticipated minor variability for different key hint parts and the bottom metals.
Soil pattern holes had been excavated utilizing pickaxes. Samples had been collected from the C soil horizon at a mean depth of 28 cm. Bodily properties of the pattern websites had been recorded together with degree of disturbance, coloration of soil, depth of soil profile, and lithology of unfastened rock. Samples had been sieved within the discipline utilizing a 10-mesh sieve. The common weight of soil samples collected was 0.70 kg.
Samples had been analyzed by ALS International in Reno, NV. All samples had been analyzed for gold by hearth assay with an ICP-AES end (ALS code Au-ICP21: 1 ppb gold detection restrict), and 51 factor ultra-trace degree evaluation by ICP-MS with an aqua regia pattern digestion (ALS code ME-MS41).
High quality Assurance/High quality Management (QAQC) blanks and pattern pulps had been inserted into the pattern stream and lab efficiency was validated by firm geologists. QAQC requirements from Shea Clark Smith / MEG, Inc, Reno, NV had been used. Pure silica pool filter sand was used as clean materials.
Determine 1. Plan maps indicating gold-in-soil and silver-in-soil overlying IP chargeability grids. A-B and C-D are cross part traces utilized in Figures 2 and three, respectively. IP Chargeability grid represents IP response at 1800 mRL.
Determine 2. East-West cross sections trying North, exhibiting the zonation of floor soil geochemistry distribution of silver, gold, lead, arsenic, antimony, and tellurium, and the sturdy relationship with the NW Anomaly.
Determine 3. Indirect 3D part exhibiting the connection of floor silver-in-soil geochemistry values, 3D IP chargeability mannequin, and drill gap outcomes from holes DDH-CC-20-01 and -02 (discuss with Idaho Champion information launch dated 16 February, 2021).
Concerning the Champagne Mission
The Champagne Mine* was operated by Bema Gold as a heap leach operation on an epithermal gold-silver system that happens in volcanic rocks. Bema Gold drilled 72 shallow reverse circulation holes on the challenge, which counterpoint drilling and trenching from different earlier operators. The property has had no deep drilling or vital fashionable exploration because the mine closure in early 1992.
The Champagne Deposit incorporates epigenetic model gold and silver mineralization that happens in strongly altered Tertiary volcanic tuffs and flows of acid to intermediate composition. Champagne has a close to floor cap of gold-silver mineralization emplaced by deep-seated buildings that acted as conduits for valuable metallic wealthy hydrothermal fluids. Increased grade zones within the Champagne Deposit seem like associated to such feeder zones.
* The Firm cautions that the details about the past-producing mine might not be indicative of mineralization on Champion’s property, and if mineralization does happen, that it’ll happen in ample amount or grade that will lead to an financial extraction state of affairs. The historic information had been merely used to judge the potential nature of the property. The Firm has not but carried out ample exploration to determine if a mineral useful resource is current on the property.
Certified Particular person
The technical info on this press launch has been reviewed and authorized by Peter Karelse P.Geo., a advisor to the Firm, who’s a Certified Particular person as outlined by NI 43-101. Mr. Karelse has greater than 30 years of expertise in exploration and improvement.
About Idaho Champion Gold Mines Inc.
Idaho Champion is a discovery-focused gold exploration firm that’s dedicated to advancing its 100%-owned extremely potential mineral properties situated in Idaho, United States. The Firm’s shares commerce on the CSE below the buying and selling image “ITKO”, on the OTCQB below the buying and selling image “GLDRF”, and on the Frankfurt Inventory Change below the image “1QB1”. Idaho Champion is vested in Idaho with the Baner Mission in Idaho County, the Champagne Mission situated in Butte County close to Arco, and 4 cobalt properties in Lemhi County within the Idaho Cobalt Belt. Idaho Champion strives to be a accountable environmental steward, stakeholder and a contributing citizen to the native communities the place it operates. Idaho Champion takes its social license critically, using area people members and repair suppliers at its operations every time potential.
ON BEHALF OF THE BOARD
Jonathan Buick, President and CEO
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SOURCE: Idaho Champion Gold Mines Canada Inc.