Idaho Champion Gold Mines Canada Inc., is pleased to report that the Company has a five-man crew in the field, working on 822 federal US mining claims in four blocks (approximately 6,871 hectares) in Lemhi County, Idaho collectively known as the “Champion Projects.” Field work will be comprised of site surveys, ridge & spur soil sampling, rock sampling, and geologic mapping. Results will be reported once received from our assay lab, American Analytical Services, Inc.
Jonathan Buick, President and CEO states, “Having completed our successful drill program at the Baner Gold project we have moved our geologic team to the Champion Cobalt projects to begin a field program that will gather vital information and understanding of the projects that will lead to a more robust program in 2019.”
(See Figure 1 below for an Idaho Cobalt Belt map with individual project locations).
The Company believes that the Idaho Cobalt Belt represents the premier district for primary Cobalt discoveries in North America. The region hosts a rich endowment of mineral resources only beginning to be unlocked due to recent exploration activity driven by the price of Cobalt. Modern exploration techniques have proven fruitful in expanding historic resources and making new discoveries.
The activities that will be carried out on the four projects are summarized as follows:
For project descriptions, please refer to www.idahochamp.com or see press release dated November 7, 2018.
Figure 1 Champion Properties: http://www.globenewswire.com/NewsRoom/AttachmentNg/88750306-64f5-40cb-aeaf-6a5f905295e0
Victory Project – (DUP Claims) 201 claims totaling 1,627 Hectares
Three copper-cobalt occurrences exist on the project; the French Gulch Mine, Victory and Dupuis. These historical prospects will be sampled as well as ridge and spur soil samples collected during the fall 2018 program.
Fairway Project (SC Claims) 144 Claims totaling 1,165 Hectares
Ridge and spur sampling is planned for the Fairway project in the fall 2018 program.
Twin Peaks Project – (TP and Badger Claims) 377 Claims totaling 2,600 Hectares
The Badger Basin and Twin Peaks historical mine will be site surveyed along with ridge and spur soil sampling during fall 2018.
Ulysses Project – (IP and GS Claims) 100 Claims totaling 809.4 Hectares
Site survey along with ridge and spur soil sampling will be completed winter 2018 weather dependent.