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Idaho Champion Gold Mines Ltd.
Summary
| Project: | Baner | |
|---|---|---|
| Deposit: | Baner | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 10/31/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 31-10-2018: Idaho Champion Gold Mines Ltd. announces an Exploration/Drilling Update report for its Baner deposit at the Baner project. Drilling results incl. 11.0m @ 2.27g/t Au from 58m. TORONTO, Oct. 31, 2018 -- Idaho Champion Gold Mines Canada Inc. (CSE | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Peter Karelse (Independent) | |
| ABSTRACT: | TORONTO, Oct. 31, 2018 -- Idaho Champion Gold Mines Canada Inc. (CSE: ITKO) (“Champion” or the "Company"), is pleased to report assay results on holes 14 to 15 from the Company’s exploration program at the Baner Project in Idaho. 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 15 were important drill holes is understanding the location and nature of the 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-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. The Baner Project is in the central Idaho Gold Belt, 8 km south of the of Elk City, Idaho. Elk City is an historic gold mining region dating back to the 1860s and once supported more than 20 underground mines and extensive placer operations. During the 1930’s there were three cyanide mills along the Crooked River processing open pit and underground sulfide ore. Exploration in the district during the 1980’s and 1990’s included Cypress-Amax, Kinross Gold, Bema Gold focused primarily on near-surface bulk-tonnage gold potential targeting a Fort Knox type occurrence. Premium Exploration conducted extensive drilling, soil sampling, and airborne and surface geophysics in the 2010 era. Currently a Finnish gold producer, Endomines AB is developing the Friday Gold Project at Orogrande into an underground gold operation. | |
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