Business
Idaho Champion Gold Begins IP Ground Geophysics at Past Producing Champagne Gold Project
Geophysics to provide new insight on 10 square mile property package TORONTO, ON / ACCESSWIRE / October 15, 2020 / Idaho Champion Gold Mines Canada Inc. (CSE:IT
About this update from Champion Electric Metals Inc.
[{"type":"text","content":" Geophysics to provide new insight on 10 square mile property package TORONTO, ON / ACCESSWIRE / October 15, 2020 / Idaho Champion Gold Mines Canada Inc. (CSE:ITKO)(OTCQB:GLDRF)(FSE:1QB1) (\"Champion\" or the \"Company\"), announces the start of an Induced Polarization and Resistivity (IP) ground geophysics survey as part of its 2020 exploration program on the past-producing Champagne Gold Project in Idaho, USA. Highlights The IP survey will assist with the identification and mapping of alteration and sulfide mineralization related to the postulated high-sulfidation gold-silver system at the Champagne property. Surface mapping has delineated a large area of argillic to advanced-argillic alteration and breccia pipes with variable silicification and sulfidation. There are a number of historic gold, silver, and base metal mines and prospects across the large land position. The Company expects the IP results combined with geologic mapping and soil geochemistry to identify high-quality targets for core drilling. Soil samples will be collected along the IP lines at a 30-meter spacing and then will be submitted to ALS Global in Reno, Nevada for analysis. The technical team conducted a successful orientation survey during which soil sampling was shown to be effective at detecting mineralized structures and prospects. Based on those results, the team expects to collect approximately 400 samples targeting B-horizon soils. ALS Global will analyze the samples for trace gold along with silver and a large suite of other major and trace elements. Durango Geophysical Operations (Durango, Colorado) will acquire, process and provide interpretation on a 12 line-kilometer program with IP data acquired with a 200-meter, pole-dipole array using a Phoenix Geophysics V-8 Multifunction IP Receiver and TXU-30 (20KW) Transmitter System. This survey configuration is designed to effectively investigate the upper 500+ meters of the Champagne Project area. About the 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 on the project, which complement drilling and trenching from other previous operators. The property has had no deep drilling or significant modern exploration since the mine closure in early...