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Idaho Champion Announces Acquisition of Historical Data for Past Producing Champagne Project
TORONTO, ON / ACCESSWIRE / March 11, 2020 / Idaho Champion Gold Mines Canada Inc. (CSE:ITKO)(OTCPINK:GLDRF) ("Champion" or the "Company"), a discovery-focused g
About this update from Champion Electric Metals Inc.
[{"type":"text","content":" TORONTO, ON / ACCESSWIRE / March 11, 2020 / Idaho Champion Gold Mines Canada Inc. (CSE:ITKO)(OTCPINK:GLDRF) (\"Champion\" or the \"Company\"), a discovery-focused gold exploration company, is pleased to announce that it has acquired key historical data pertaining to the Company's past producing Champagne Project located south-west of Arco, Idaho, USA. The database was purchased from Kinross Gold Corporation, who acquired Champagne's previous operator Bema Gold Corporation (\"Bema Gold\") in 2007. Bema Gold through its 100% owned subsidiary, Idaho Gold Corporation had preserved the historic files. The Champagne project had a historic Non 43-101 compliant resource of 2.8MT at 1.2g/t Au equivalent (See Mine Development Associates report dated September 1989.) Bema Gold had the Champagne mine in production from 1989 to 1992 operating as an open pit heap leach, producing approximately 25,000 oz of gold per year. President and CEO Jonathan Buick Stated: \"Acquiring the data package from Kinross is a key first step in fully understanding what we believe is the tremendous upside that Champagne has to offer. We will continue to update investors on the findings as they are analysed. Once the data review has been completed by our geologic team, the company will initiate a comprehensive exploration program using modern techniques and tools with the expectation of proving up historic resources and expanding the known discovery area.\" The company has received the majority of the data with the balance in transit to our office. Champion's geologic team has commenced review of what is already in our possession. The company intends on providing regular updates of our findings in the review process. With the recently completed over-subscribed private placement the company intends to fund focused geologic programs at the Baner gold project near Elk City, Idaho and the past producing Champagne Mine near Arco, Idaho. About Champagne Project The Champagne Mine was operated by Bema Gold as a heap leach operation on a high sulfidation gold system that occurs in volcanic rocks. Bema Gold drilled 72 shallow reverse circulation holes in addition to previous operators drilling and trenching. The property has had no deep drilling or modern exploration since the mine closure in the early 1992. The Champagne Deposit contains epigenetic style gold and silver ...