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Idaho Champion Gold Initiates Strategic Review of Its Property Portfolio to Maximize Shareholder Value
Toronto, Ontario--(Newsfile Corp. - April 6, 2022) - Idaho Champion Gold Mines Canada Inc. (CSE: ITKO) (OTCQB: GLDRF) (FSE: 1QB1) ("Idaho Champion" or the "Comp
About this update from Champion Electric Metals Inc.
[{"type":"text","content":" Toronto, Ontario--(Newsfile Corp. - April 6, 2022) - Idaho Champion Gold Mines Canada Inc. (CSE: ITKO) (OTCQB: GLDRF) (FSE: 1QB1) (\"Idaho Champion\" or the \"Company\") is pleased to announce that the Company has begun an internal strategic review of its Cobalt property package (\"Cobalt Properties\") located in the heart of the Idaho Cobalt Belt, and its 100%-owned Baner Gold Project (\"Baner\") located in Idaho County, Idaho. The decision to undertake an internal strategic review of both properties was made based on recent developments in the commodities market and renewed interest in exploration investments in Idaho. The strategic review will consider, evaluate, and compare options with the intention to best maximize value to Idaho Champion shareholders. All interested parties are encouraged to contact the Company directly at [email protected] for details of the strategic review. Jonathan Buick, Idaho Champion's CEO, commented: \"Cobalt as a commodity has been performing well as a result of growing demand for electric vehicles, the shift towards zero-emission economy by 2030, and limited commodity supply. While originally not a core asset for the Company, our cobalt property portfolio now offers a sigificant value proposition, boosted by its strategic location in the region that hosts the US' newest cobalt producer Jervois Mining, whose ICO Project is scheduled to commence production this year. Similarly, the Baner Gold Project is located 5 km north of, and on strike with, Idaho's most recent gold producer operated by Endomines AB. We will conduct a thorough review and determine what the best and most accretive step will be for the Champion shareholders.\" Idaho Champion Cobalt Properties Overview The Champion Cobalt Properties are comprised of 622 mineral claims located along strike and within proximity of well-developed cobalt projects along the Cobalt Belt (see Figure 1): Victory Project DUP Claims: ~6 km south of the Blackbird Mine Fairway Project SC Claims: ~3 km east of the town of Cobalt and 1 km north of the Blackpine copper occurrence Twin Peaks Project TP & Badger Claims: Located on the Twin Peaks Copper Mine, 3 km from Electra Battery Metals' Iron Creek Ulysses Project IP & GS Claims: ~ 2 km north of the Ulysses mine Figure 1: Cobalt Belt and Property Package Location Baner Gold Project Overview The Ban...