Idaho Champion (CSE:ITKO, OTCQB:GLDRF) Gold Mines Canada Inc said core drilling at the company’s 100% controlled Champagne gold project in Idaho has identified a new mineralized corridor, which is located on the high priority anomalous drill target area to the north-west of the past producing open pits and covers about 800 metres (m) north-south and 300m east-west.
Idaho Champion noted that several “significant” veins composed of sulfide and sulfosalt mineralization have been intersected.
“The characteristics of the vein system and sheeted breccia are typical of high sulfidation epithermal deposits sourced from a porphyry copper intrusion at greater depth,” Idaho Champion Gold Mines Canada chief geologist Rob Kell said in a statement.
“The follow-up IP survey identified a large chargeability anomaly positioned 800 meters to the west of Mine Hill. Testing the near-surface parts of this IP anomaly is a key component of our strategy for 2021,” Kell added.
The company said drill core for holes one through four have been sent to the lab for assay and it is currently cutting and logging holes five through seven with a total of 2,900m drilled to date.
It added that a semi-quantitative analysis by field-portable X-ray fluorescence (XRF) indicated that the veins are enriched in silver, lead, zinc, and copper.
Idaho Champion is a discovery-focused gold exploration company that is committed to advancing its 100%-owned highly prospective mineral properties located in Idaho.
The Champagne deposit contains epigenetic style gold and silver mineralization that occurs in strongly altered tertiary volcanic tuffs and flows of acid to intermediate composition. The property has had no deep drilling or significant modern exploration since the mine closure in early 1992.
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