Business
Champion Electric Metals Completes Phase One of 2023 Field Program at Twin Peaks Cobalt Project in Idaho
Toronto, Ontario--(Newsfile Corp. - July 17, 2023) - Champion Electric Metals Inc. (CSE: LTHM) (OTCQB: GLDRF) (FSE: 1QB0) ("Champion Electric" or the "Company")
About this update from Champion Electric Metals Inc.
[{"type":"text","content":" Toronto, Ontario--(Newsfile Corp. - July 17, 2023) - Champion Electric Metals Inc. (CSE: LTHM) (OTCQB: GLDRF) (FSE: 1QB0) (\"Champion Electric\" or the \"Company\") is pleased to announce that the Company has completed Phase I of the Twin Peaks Cobalt Project 2023 field program in the heart of the Idaho Cobalt Belt. The Phase 1 field program consisted of stream sediment and outcrop rock sampling in conjunction with geologic mapping (see Figure 1). The Company has submitted samples to the ALS Global preparation lab in Twin Falls, ID and will begin a desktop study on recent findings. \"The Phase I program consisted of field examination of 73 watersheds and 85 candidate stream sediment sample sites within the Twin Peaks claim block, from which 32 stream sediment samples were collected,\" commented President and CEO Jonathan Buick. \"Stream sediment sample density along the western portion of the project is judged to be sufficient to recognize potential southeasterly continuation along strike of copper-cobalt mineralization known at the adjacent Iron Creek Project of Electra Battery Materials.\" \"Additionally, geologic mapping and outcrop rock sampling were commenced and will be continued in the Phase II program starting August 1. All samples from the Phase I program have been submitted for multi-element ICP analysis and gold fire assay. Preliminary results are expected in July,\" Mr. Buick added. The 2023 Phase 1 field work also investigated the scale of the Twin Peaks Mine base and precious metals hydrothermal system located in the northeastern portion of the claim block. Georeferencing of historical underground geological mapping by Landreth (1964) was completed by capturing the GPS coordinates of the portals for Levels 1 and 2 south of Corral Creek. The minimum width and strike dimensions of the hydrothermal system are approximately 350 m and 500 m, respectively (Fig. 2). Historical lead-copper-silver-gold production derived from a series of 1-2 m wide and northwest-striking chloritic shear zones within the larger hydrothermal system, which is hosted in the quartzite of the Apple Creek Formation. Assays are pending for seven samples of variably altered and mineralized rocks from waste dumps. Landreth further described copper prospects located both 1 km north and 1 km south of the Twin Peaks Mine. A dozer trench was completed a...