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Idaho Champion Gold Mines Ltd.
Summary
| Project: | Baner | |
|---|---|---|
| Deposit: | Baner | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 10/23/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 23-10-2018: Idaho Champion Gold Mines Ltd. announces an Exploration/Drilling Update report for its Baner deposit at the Baner project. Drilling results incl. 15.10m @ 1.39g/t Au from 83m. TORONTO, Oct. 23, 2018 -- Idaho Champion Gold Mines Canada Inc. (CS | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Peter Karelse (Independent) | |
| ABSTRACT: | TORONTO, Oct. 23, 2018 -- Idaho Champion Gold Mines Canada Inc. (CSE: ITKO) (“Champion” or the "Company"), a discovery-focused gold exploration company, is pleased to report on the initial batch of assay results from the Company’s Baner Project in Idaho. President and CEO, Jonathan Buick stated: “We are pleased to see gold showings at shallow depths in the first batch of assay results. Champion’s first drill program on the Baner property was designed to test the IP survey anomalies coupled with the sample program which we completed in 2017.” The 2018 Baner Drill Program takes into consideration historical reports (Wagner), Premium soil sample & geophysical data, rock data collected by Idaho Champion Gold Mines in 2016 & 2017 along with surface geological mapping". Drill Hole ICG2018-1 located the Orogrande Shear Zone and holes ICG2018 2,3,4, & 5 located the shear zone south of the first drill hole. Gold mineralization is related to the shear zone and occurs as fine grained pyrite on fractures and in veins and along foliation of quartzite. A deep level of oxidation was observed in the drill holes. Regional Description The Baner Project is located within the Orogrande shear zone (OSZ), a 30 kilometer long and up to 3 kilometer 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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