Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
By ProactiveInvestors (Reporter)
Contributor profile | More stories
Story Views
Now:
Last hour:
Last 24 hours:
Total:

Idaho Champion Gold Mines releases 2021 drill program plans

% of readers think this story is Fact. Add your two cents.


Idaho Champion Gold Mines Canada Inc (CSE:ITKO) (OTCQB:GLDRF) (FRA:1QB1) has unveiled drill program plans for its 2021 exploration program at the Champagne Gold Project near the city of Arco, Butte County, Idaho.

The precious metals explorer has penned a contract with National Drilling for an 8,000-metre core drill. The program is slated to commence once final approvals from the US Bureau of Land Management.

In the meantime, Idaho Champion Gold geologists are presently on-site and conducting mapping and sampling around known occurrences of mineralized vein breccia.

READ: Idaho Champion Gold Mines launches non-brokered private placement for gross proceeds of up to $1.5M

“From Champion’s technical efforts during the 2020 exploration program, we believe that the breccia veins and vuggy silica bodies exploited at Mine Hill and outlying areas represent two distinct epithermal events; a high silver, polymetallic phase and a distinct, high sulfidation overprint,” Craig Bow, technical advisor at Idaho Champion Gold said in the statement.

The Champagne Deposit contains epigenetic style gold and silver mineralization, as well as a near-surface cap of gold-silver mineralization.

The 2021 drill program is designed to test the large Induced Polarization (IP) anomaly identified during the 2020 exploration program northwest of the Mine Hill mineralization. The drilling will proceed with a series of holes comprising “fences”, first along IP line 4 and then line 5. The program design includes possible additional holes along IP line 3.

“The drill targets along IP lines 4 and 5 are first priority because of the strength of the anomaly and the relatively shallow depth of cover rocks above the detachment fault, ranging between 30 to 60 meters. Given the relatively shallow depth to the target, there is the potential for outlining an open-pittable resource in this area,” commented Idaho Champion’s chief geologist, Robert Kell. “The mineralization at Mine Hill occurred in near-vertical to steeply dipping vein breccia and vuggy silica zones, so the angled holes in the 2021 program are designed to effectively test such high-angle features and optimize our geologic understanding.”

As part of the field program, the company said it will engage Durango Geophysical to complete IP line 6 and add two new lines, which will be completed late in the second quarter. Lines 7 and 8 will be designed to test for an extension of the IP anomaly another 800 meters to the north. The completion of line 6 is essential for fully defining the anomaly, which will be needed to plan further drilling to the south, it added.

Depending upon the results of the extended IP survey, the drill may be moved northward to test the continuation of the anomaly. Bringing in a second drill rig toward the end of August is already being considered to take on drilling out the anomaly in a southward direction, including the potential holes along IP line 3, the company noted.

In addition to the 2021 drill program news, Idaho Champion Gold reported that it has completed a previously announced early exercise warrant incentive program.

Under the program, Idaho Champion received aggregate gross proceeds of $45,000 upon the exercise of 300,000 warrants and issued 300,000 incentive warrants. The incentive warrants are subject to a four-month and a day hold period.  

Contact Georgia at [email protected]

Follow her on Twitter @MissInformd

Story by ProactiveInvestors



Source: http://www.proactiveinvestors.com/companies/news/951691/idaho-champion-gold-mines-releases-2021-drill-program-plans-951691.html


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!


Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST

Order by Phone at 888-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST

Order by Phone at 888-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST


Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen! 
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover -  Reduces Smart Meter radiation by 96%!  (See Video)

Immusist Beverage Concentrate - Proprietary blend, formulated to reduce inflammation while hydrating and oxygenating the cells.

Report abuse
Loading...

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

MOST RECENT
Load more ...

SignUp

Login

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.