Idaho Champion Acquires Mining Claims at Its Past Producing Champagne Project
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Idaho Champion Gold Mines Canada has acquired unpatented mining claims that are located within the company’s past producing Champagne Project in Idaho.
The unpatented properties include seven seven mining claims which are located inside the project area controlled by Champion. The Reliance claims are located due west of the open pit with a historic, non-NI 43-101 compliant resource of 2.3 million tons at 1.9 grams of gold per ton, which was determined by Bema Gold Corporation prior to mining.
“The strong historical data that has been analyzed shows tremendous exploration upside of the Champagne property. It makes sense to consolidate the properties within the Champion-controlled ground to have the ability to facilitate our exploration theories,” said President and CEO Jonathan Buick.
About Champagne Project
The Champagne Mine was operated by Bema Gold as a heap leach operation on a high sulfidation gold system that occurs in volcanic rocks. Bema Gold drilled 72 shallow reverse circulation holes in addition to previous operators drilling and trenching. The property has had no deep drilling or modern exploration since the mine closure in the early 1992.
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 at Lava Creek. Argillic and sericite alteration is widespread at the Champagne Deposit, silica flooding, alunite and barite are closely associated with the gold and silver mineralized zone.
Champagne has a near surface cap of gold-silver mineralization emplaced by deep-seated, structurally controlled shears that acted as conduits for precious metal rich hydrothermal fluids. High grade zones in the Champagne Deposit appear to be related to such feeder shear zones. Drilling in the future to test for polymetallic, base-precious metal deposits at depth will clarify these relationships.
About Idaho Champion Gold Mines Canada
Champion is a discovery-focused gold exploration company that is committed to advancing its 100 percent owned highly prospective mineral properties located in Idaho, United States. Champion is vested in Idaho with the Baner Project in Idaho County, the Champagne Project located in Butte County near Arco, and four cobalt properties in Lemhi County in the Idaho Cobalt Belt. Idaho Champion strives to be a responsible environmental steward, stakeholder and a contributing citizen to the local communities where it operates. Champion takes its social license seriously and employs local community members and services its operations.
To stop by Champion’s website, CLICK HERE
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