Business
Idaho Champion Increases Land Package Around Past Producing Champagne Project
140% Increase in land package for a total of 10 square miles Historical artisanal pits and adits found on newly staked ground New Claims to be included in regio
About this update from Champion Electric Metals Inc.
[{"type":"text","content":" 140% Increase in land package for a total of 10 square miles Historical artisanal pits and adits found on newly staked ground New Claims to be included in regional exploration program TORONTO, ON / ACCESSWIRE / June 1, 2020 / Idaho Champion Gold Mines Canada Inc. (CSE:ITKO) (\"Champion\" or the \"Company\"), announces the staking of 184 additional unpatented federal mining claims surrounding the past-producing Champagne project. The Champagne properties now encompass approximately ten (10) Sq. miles of prospective exploration ground in Butte County, Idaho. Figure 1: Champagne Project Property Boundaries \"During the desktop study on the historical data, one of the details that has stood out to our technical team was the evidence of a much bigger system at depth. We believe that this system extends beyond our original claims.,\" President and CEO Jonathan Buick stated. \"The presence of artisanal pits and adits within the new claim blocks support there is something to be investigated with the drill bit.\" A major focus of the Company's exploration thesis is on the patented property (see news release dated April 30, 2020) which hosts past-producing Bema Gold Corporation's (\"Bema\") open pit. The focus is supported by the recently released (see news releases dated May 11,14, 21, and 26, 2020) historical data that was purchased from Kinross Gold Corporation in March 2020. James Baughman, Sr. Consulting Geologist stated: \"The Champagne gold project is located on the southern margin of the Challis Volcanics, home to some of Idaho's most valuable gold projects. Champagne has all the markings of a tier 1 project - past gold producer, numerous historical mines on the property, and a large foot-print of alteration and mineralization on the project site stretching beyond the historic mine pit. We have 100 historic drill holes on the property that contain significant intercepts both within the historic mine pit (which presumably would have been fully or partially mined by Bema) and in the surrounding areas, as outlined in our previous news releases. These historic drill holes were completed to a shallow depth for oxide mineralization. Our summer drill program will test beneath these holes for the source of the surface mineralization at Champagne.\" The summer 2020 exploration program will focus on drilling the historical mine area and ma...