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Idaho Champion Gold Mines Ltd.
Summary
| Project: | Baner | |
|---|---|---|
| Deposit: | Baner | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 11/13/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 13-11-2018: Idaho Champion Gold Mines Ltd. announces an Exploration/Drilling Update report for its Baner deposit at the Baner project. Drilling results incl. 10.50m @ 0.88g/t Au from 121.0m. TORONTO, Nov. 13, 2018 -- Idaho Champion Gold Mines Canada Inc. | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Peter Karelse (Independent) | |
| ABSTRACT: | TORONTO, Nov. 13, 2018 -- Idaho Champion Gold Mines Canada Inc. (CSE: ITKO) (“Idaho Champion” or the "Company"), is pleased to report assay results on the final three holes of the Company’s exploration program at the Baner Project in Idaho. Holes 17 to 19 show a significant initial strike length at Baner Project. These are the final drill holes for the 2018 drill season. Idaho Champion will be conducting metallurgical testing on oxide samples that will reported in Q1 2019. The Company will be analysing the 2018 drill results in preparation for the 2019 drill season that will incorporate the Sally drill permit (see October 15, 2018 press release). Drill hole selection at Baner was two-fold; utilizing the Baner database (historical reports, soil, rock, geophysical and mapping) along with current drill observations & results to plan out successive drill hole locations. Drill holes 11 to 16 were important drill holes is understanding the location and nature of the Orogrande shear zone (“OSZ”) as it occurs on the Baner property. As the Baner drill program has progressed, the Idaho Champion geologic team has improved their understanding of the OSZ. Regional Description The Baner Project is located within the Orogrande shear zone (OSZ), a 30-kilometre-long and up to 3-kilometre-wide regional shear zone located in Central Idaho. The Baner Claim block covers a series of parallel shear zones on the eastern margin of the OSZ. Significant oxidation and mineralization associated with the OSZ consists of quartz, sericite, & fine-grained pyrite. Mineralization includes disseminated low-grade precious metal mineralization in associated stockwork veins, hydraulic breccias; Plus, high-grade gold associated with discreet structurally controlled quartz veins. | |
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