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Idaho Champion Gold Mines Drills Oxide Gold and Silver Near Historic Pits at Champagne Gold Project
TORONTO, ON / ACCESSWIRE / January 19, 2021 / Idaho Champion Gold Mines Canada Inc. (CSE:ITKO; OTCQB:GLDRF; FSE:1QB1)("Idaho Champion" or the "Company") is plea
About this update from Champion Electric Metals Inc.
[{"type":"text","content":" TORONTO, ON / ACCESSWIRE / January 19, 2021 / Idaho Champion Gold Mines Canada Inc. (CSE:ITKO; OTCQB:GLDRF; FSE:1QB1)(\"Idaho Champion\" or the \"Company\") is pleased to report the results from a 2020 reconnaissance reverse-circulation (RC) drilling campaign at its 100% controlled Champagne Gold Project (\"Champagne\") in Idaho (Figure 1). 2020 Champagne Drilling Highlights: Drilling encountered near-surface oxide gold and silver mineralization in volcanic breccias below and adjacent to the existing historic open pits (Figure 2); Drill hole CC-05 intersected a significant interval of 0.94 g/t Gold Equivalent (\"AuEq\") over 35.1 metres, including 1.36 g/t AuEq over 16.8 metres; and Drill holes CC-03 and CC-04 encountered higher grades of silver (98 g/t and 50 g/t, respectively) very near surface. Table 1: 2020 Champagne RC Drill Program - Significant Intercepts Holes 1 to 5 Drill Hole From (m) To (m) Width (m)1 Au (g/t) Ag (g/t) AuEq (g/t)2 CC-03 24.40 25.90 1.50 0.93 98.00 2.24 CC-04 30.50 36.60 6.10 0.46 49.73 1.12 CC-05 13.70 48.80 35.10 0.76 8.81 0.94 Including 13.7 30.50 16.80 1.09 14.96 1.36 1 - Reported intervals are down-hole lengths and not true thickness. 2 -AuEq calculated using a gold/silver ratio of 75:1. AuEq (g/t) = Au (g/t) + [ Ag (g/t) / 75] (based on $1,200 Au and $15 Ag pricing) \"We are pleased to see significant intervals of oxide gold and silver mineralization close to the surface around the historic Champagne pits,\" commented President and CEO, Jonathan Buick. \"Combined with our extensive mapping, sampling, and geophysical program, these initial results will help direct our 2021 program towards the highest priority targets. We look forward to further information from the seven core holes, which tested other targets to the north and south. The Company expects to release the core drilling results over the course of the first quarter.\" The 2020 RC drill program at Champagne included 936.2 metres in and around the historic open pits on the patented mining claims owned by Idaho Champion. The program was designed to test the area around the historic open pits for near-surface oxide silver-gold mineralization. Drill holes CC-01 and CC-02 were collared on a ridge between the two pits and drilled vertically. Drill holes CC-03, CC-04, and CC-05 were drilled from the bottom and near the north end of the North Pi...