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Idaho Champion Gold Mines Ltd.

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Summary

Project:

Baner

Deposit:Baner
Location:United States
Commodities:Gold
Date:8/1/2018
Report Code:NI43-101
Report Type:Supporting Acquisition
Project Stage:Pursuing Resources Definition
Report details:1-8-2018: Idaho Champion Gold Mines Ltd. announces a Supporting Acquisition report for its Baner deposit at the Baner project. Summary of property in support of TSX-V listing. The Project property comprises 79 unpatented lode claims, covering approximatel
Resources:x
CP/QP:[Overall Report]: Darren Lindsay (Independent)
ABSTRACT:The Project property comprises 79 unpatented lode claims, covering approximately 1,538 acres (622 ha.), situated in Section 01 Township 28 North Range 07 East, Section 06 Township 28 North Range 08 East, Section 07 Township 28 North Range 08 East, Section 12 Township 28 North 07 East, Section 13 Township 28 North Range 07 East. Section 13 Township 28 North Range 07 East, Section 18 Township 28 North Range 08 East, and Section 19 Township 28 North Range 08 East, in Idaho County, Idaho. The property is roughly centered at 115º 31’ 10” West longitude and 45º 46' 00” North latitude or 615223m E, 5069069m N. The Project property consists of two parts: (i) the wholly owned, recently staked by International Champion Gold Mines LLC. (“ICGM”), BC Group of claims (BC 1 through BC 68), and (ii) the historic Baner property currently held through an option agreement between ICGM, a 100% owned US subsidiary of Idaho Champion Gold Mines Ltd, and the Baner family descendants (the “Venders”), having an effective date of August 9, 2016. ICGM has the right to explore and develop the Property, and to acquire a 100% interest in the Baner Property. In the Elk City area, mining of numerous placer and paleoplacer gold deposits in the tributaries of the South Fork Clearwater River took place between the 1850s and the late 1980s. Reid (1959) reports that total gold production in the region is uncertain but some three million ounces of gold are believed to have been recovered by placer mining in the Elk City and adjacent districts in central Idaho. Following the initiation of placer mining, hard rock sources were sought. Prospectors discovered numerous, generally small lode gold deposits, which were mined from the early 1900s up to World War II. The most significant hard rock mining operation began in 1903 at the Hogan (or Orogrande) located south of the Baner Project. At this open pit mine, about 450,000 t of material averaging 0.06 oz/ton Au are officially reported to have been extracted between 1903 and 1938.

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