Business
Idaho Champion Gold Mobilizes Second Drill Rig to Champagne Project and Provides Update on Drill Programs
Drilling to date amounts to approximately 29% of the 8,000 metres of drilling planned for this season at two fully funded gold projects 6 holes totaling 1,286 m
About this update from Champion Electric Metals Inc.
[{"type":"text","content":" Drilling to date amounts to approximately 29% of the 8,000 metres of drilling planned for this season at two fully funded gold projects 6 holes totaling 1,286 metres have been completed at Baner; approximately 43% of the program 6 holes totaling 1,045 metres have been completed at Champagne; approximately 21% of the program Second drill rig mobilized for core drilling at Champagne TORONTO, ON / ACCESSWIRE / September 30, 2020 / Idaho Champion Gold Mines Canada Inc. (CSE:ITKO) (OTCQB:GLDRF) (FSE:1QB1) (\"Champion\" or the \"Company\"), announces an update regarding its 2020 exploration program on both the Baner Gold and past-producing Champagne Gold Projects in Idaho, USA. Champagne Gold Project Champion announces that it has completed six (6) holes totaling 1,045 metres at the past-producing Champagne Gold Project. The completion of hole 6 represents approximately 21% of the total drilling program. In order to increase efficiencies and data for the maiden drilling program, the Company also announces that it has mobilized a diamond core rig to site to complete the 5,000 metre program (See press release dated: August 19, 2020). \"Drilling targets at Champagne have been identified using historic and newly acquired data which have been previously released,\" stated Jonathan Buick, President and CEO. \"Ongoing district-wide geologic mapping and review of completed reverse-circulation drill holes have led to recently initiating core drilling to expedite testing and understanding the vuggy silica feeder zones beneath the near-surface cap of gold-silver mineralization mined in the past via several open pits. Precious-metal bearing solutions ascended along steep structural conduits which comprise the principal target objective of the core drilling.\" Baner Gold Project The Company reports that the drilling program is 43% complete with six (6) holes totaling 1,286 metres being sent to the assay lab. Champion is pleased with the pace of the Baner program since mobilizing the drill rig (See press release dated: September 24, 2020). President and CEO Jonathan Buick stated further, \"Drilling at Baner North is progressing well with the commencement of seventh core hole in the Orogrande Shear Zone. Our geologists tell us that shear zone pyritic mineralization has been encountered.\" The 2020 Baner North drill program is a continuation of the ...