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Champion Electric Commences Desktop Geologic Study on the Champagne Gold Project in Idaho
Toronto, Ontario--(Newsfile Corp. - May 14, 2026) - Champion Electric Metals Inc. (CSE: LTHM) (OTC Pink: CHELF) (FSE: 1QB0) ("Champion Electric" or the "Company") announces that it has mobilized its technical team to commence a comprehensive desktop geologic study of the Champagne Gold Project located in Butte County, Idaho (the "Project"). The initial focus of the study will be the re-evaluation of significant mineralization intersected in drill holes CC-05 and DDH-CC-20-02 from the 2020 drill.
About this update from Champion Electric Metals Inc.
[{"type":"text","content":"Toronto, Ontario--(Newsfile Corp. - May 14, 2026) - Champion Electric Metals Inc. (CSE: LTHM) (OTC Pink: CHELF) (FSE: 1QB0) ("Champion Electric" or the "Company") announces that it has mobilized its technical team to commence a comprehensive desktop geologic study of the Champagne Gold Project located in Butte County, Idaho (the "Project").","length":377,"tagName":"p"},{"type":"text","content":"The initial focus of the study will be the re-evaluation of significant mineralization intersected in drill holes CC-05 and DDH-CC-20-02 from the 2020 drill campaign, contextualized against today's materially stronger gold and silver price environment (as referenced in LTHM press releases dated January 19, 2021 and February 16, 2021).","length":340,"tagName":"p"},{"type":"text","content":""Gold and silver prices have fundamentally changed the economics of what was previously considered marginal. What excites our team most is the opportunity to look at the Champagne Gold Project with fresh eyes - specifically, the spatial and genetic relationship between the historic open pit epithermal gold-silver deposits and the much larger porphyry copper - epithermal target that appears to lie beneath and to the north of the 1980 - 1990s-era mining," comments Nicholas Konkin, Interim President and CEO. "What's particularly exciting is what the geophysics (IP Resistivity) tells us about the geometry of this system. The historic pits sit on the southeastern edge of a large chargeability high that extends to the west and north - a classic porphyry-sulphide footprint that had very limited drill testing in 2020-2021. The historical miners may have been working the fringe of something much bigger. With gold, silver, and copper prices where they are today, we intend to focus on defining and testing these very large targets."","length":1060,"tagName":"p"},{"type":"text","content":"Desktop Study Focus","length":19,"tagName":"p"},{"type":"text","content":"The desktop study will systematically compile and integrate multiple layers of geological intelligence spanning four decades of Project activity. Historical drill and trench data from the 1980s open pit and heap leach operation will be combined with results from the Company's 2020-2021 RC and core drilling programs, multiple lines of induced po...