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Idaho Champion Gold Mines Reports Significant IP Anomalies and Develops New Model for 2021 Targets at Champagne Gold Project
HIGHLIGHTS Strong IP responses defined over more than two kilometres of strike and associated with anomalies in rock and soil sampling Shallow anomalies in char
About this update from Champion Electric Metals Inc.
[{"type":"text","content":" HIGHLIGHTS Strong IP responses defined over more than two kilometres of strike and associated with anomalies in rock and soil sampling Shallow anomalies in chargeability and resistivity explain the veins and breccias encountered in Champagne RC drilling and historic mining at Mine Hill area A new geophysical model reveals a detachment structure connecting the Mine Hill mineralization to a larger and more deeply rooted anomaly to northwest TORONTO, ON / ACCESSWIRE / February 2, 2021 / Idaho Champion Gold Mines Canada Inc. (CSE:ITKO) (OTCQB:GLDRF) (FSE:1QB1)(\"Champion\" or the \"Company\") is pleased to report the results of the 2020 induced polarization - resistivity (IP) survey at the Company's Champagne Gold Project near Arco, Idaho (\"Champagne\"). Champion designed the IP survey (See press release dated Oct 15, 2020) to evaluate the subsurface beneath the extensive alteration across the property, which spans more than 26 square kilometres. \"There is a strong IP response at Champagne that can be confidently correlated between profiles over approximately two-kilometres of strike,\" stated Jonathan Buick, President and CEO. \"More importantly, careful 3D modeling of the geophysics and integration with our geological mapping has revealed that shallow anomalies around the historic mining areas are likely detached from a much larger anomaly to the northwest. Our first round of drilling was directed at these historic targets, but our next phase of work will focus on high priority targets with considerable size potential.\" An Integrated Interpretation of Geophysics and Geology The 2020 IP survey at the Champagne Project consisted of 6 lines oriented almost east-west (azimuth of 280 degrees) and nominally spaced 400 metres apart. Along the lines, the survey employed a 200 metre dipole-dipole array, which yielded an expected depth of investigation of 500 to 600 metres. The survey was originally conceived to include approximately 12 line kilometres, but the scale of the target and early results necessitated almost doubling the survey to 21.4 line kilometres and adding a sixth line. Line 6 ran directly across the North Pit of the historic mine (See Figure 1). Chargeability and resistivity data across the Champagne Project demonstrated the applicability of the IP technique to mapping the known sulfide-bearing mineralization in and aro...