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Work program to incorporate excessive decision airborne magnetic, VLF EM and LiDAR surveys
Toronto, Ontario–(Newsfile Corp. – November 10, 2022) – Idaho Champion (CSE: ITKO) (OTCQB: GLDRF) (ESF: 1QB1) (“Idaho Champion“or the”Firm“) is happy to announce that it has began a piece program on the 2 lithium pegmatite initiatives wholly owned by the Firm (the “IQ initiatives“) within the Eeyou Istchee Baie-James territory of Quebec.
The work program will start with magnetic, VLF-electromagnetic, radiometric and high-resolution LiDAR/imaging surveys overlaying roughly 2,188 line kilometers. The survey will probably be performed by GoldSpot (TSXV: SPOT), a division of EarthLabs Inc. GoldSpot will conduct the survey utilizing its new M-PASS system, which consists of a triaxial magnetic gradient/VLF magnetic platform, which incorporates 2048 radiometrics and high-precision LiDAR sensors, in addition to high-resolution cameras able to producing quad-band pictures.
Excessive decision cameras are used to enrich magnetic and VLF datasets with LiDAR and orthophotos. These knowledge units will present the Firm with geophysical and topographic info that will probably be helpful in advancing regional structural interpretation and evaluation of potential lithium pegmatite initiatives.
Idaho Champion has additionally engaged and mobilized a workforce of Quebec-based consulting geologists to advance prospecting, geological mapping and sampling packages geared toward prioritizing targets for a second part of fieldwork in 2023.
“Now that we’re within the area, we stay up for figuring out precedence targets on this favorable district. The airborne survey that’s at present underway will assist us assess the district-wide geology and setting, whereas our workforce on the bottom is concentrated on monitoring clues reported from historic work.Our “micro-macro” strategy ought to present appreciable steerage for the course of our 2023 program.We stay up for seeing the information and evaluation that consequence from our inaugural program in Quebec,” stated Jonathan Buick, President and CEO.
Concerning the IQ Lithium initiatives (Blanche and Charles)
Blanche contains 256 claims totaling roughly 130 km2. The venture is situated in an ENE trending volcano-sedimentary belt. The bedrock geology of the Blanche venture is principally composed of a broad mafic band trending east-northeast, interpreted as metamorphosed basalt, hosted in tonalitic rocks and interbedded with slender sections of magnesian basalt, komatiite, iron formation (silicate and/or oxide facies) and metasedimentary rocks.
Determine 1: Location map of IQ Lithium initiatives
To view an enhanced model of this graphic, please go to:
Supply of exploration outcomes: Patriot Battery Metals Drilling https://patriotbatterymetals.com/portfolio/corvette/
Three felsic intrusive rock models have been noticed at Blanche: hornblende tonalite, granite and pegmatite dykes. Tonalite consists of intrusive rocks wealthy in feldspar, quartz and biotite. Within the northwestern a part of the venture, the rocks are comparatively homogeneous and medium grained, containing 20 to 30% hornblende, with domestically weak foliation. Granite consists of medium to coarse grained feldspar, plagioclase, quartz and biotite. It’s large, homogeneous and largely non-magnetic. A couple of pegmatite dykes have additionally been recognized on the venture slicing throughout the felsic models. To this point, the dykes are typically lower than two meters extensive, however in addition they happen parallel to the schistosity within the mafic rocks. These pegmatites have nearly the identical composition because the granites however have a texture starting from coarse to pegmatitic with the presence of 5 to 7% muscovite.
The Charles venture consists of 61 claims overlaying roughly 31 km2. Much less is understood about this venture, however the space has variable topography, starting from gently to very hilly. A number of hills related to felsic intrusions and iron formations are current and have been formed by glaciers that trended ENE-WSW. A number of outcrops are uncovered. Within the northern and central elements of this venture, there are thick glacial sediments containing blocks of granite and pegmatite.
Patrick Highsmith, Licensed Skilled Geologist (AIPG CPG #11702) and Firm Director, is a Certified Individual as outlined by Nationwide Instrument 43-101. Mr. Highsmith assisted in getting ready, reviewing and approving the technical info contained on this press launch.
About Idaho Champion Gold Mines Inc.
Idaho Champion is a discovery-driven exploration firm dedicated to advancing its extremely potential cobalt properties situated in Idaho, USA and its lithium properties in Quebec, Canada. As well as, the Firm owns the Baner Gold Venture in Idaho County and the Champagne Polymetallic Venture in Butte County close to Arco.
The Firm’s shares commerce on the CSE below the image “ITKO”, on the OTCQB below the image “GLDRF” and on the Frankfurt Inventory Alternate below the image “1QB1”. Idaho Champion strives to be a accountable environmental steward, stakeholder and contributing citizen of the native communities the place it operates, taking its social license severely, using area people members and suppliers of providers in its operations every time potential.
ON BEHALF OF THE BOARD OF IDAHO CHAMPION
Jonathan Buick, President and CEO
For extra info, please see the Firm’s SEDAR profile at www.sedar.com or the Firm’s company web site at www.idahochamp.com.
For extra info, please contact:
Nicholas Konkin, Advertising and marketing and Communications, Idaho Champion
Phone: (416) 567-9087
E-mail: [email protected]
THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY ANY SECURITIES IN ANY JURISDICTION, AND THERE WILL BE NO OFFER, SALE OR SOLICITATION OF SECURITIES IN ANY STATE OF THE UNITED STATES IN WHICH SUCH OFFER, SALE, OR SOLICITATION WOULD BE ILLEGAL.
Cautions for the Idaho champ
Neither the Canadian Securities Alternate nor its regulation providers supplier has reviewed or accepts duty for the adequacy or accuracy of this press launch. This press launch could comprise forward-looking info relating to the Firm’s enterprise throughout the that means of Canadian securities legal guidelines, together with with respect to the completion of the transactions lined by the Settlement, the prospectivity of the Lithium Initiatives, the Firm’s means to efficiently deal with exploration for battery-related metals, and with respect to finishing a non-public placement of the scale and value contemplated. Ahead-looking info is predicated on sure key expectations and assumptions made by the Firm’s administration, together with with the ability to fulfill all acquisition-related circumstances, ample investor curiosity to finish the non-public placement financing essential to fund the money portion of the acquisition of the Venture, having the technical experience to probe for lithium in pegmatite, and that the reported lithium assets within the Initiatives district are indicative of the prospectivity of mineralized pegmatite on the Initiatives . Though the Firm believes that the expectations and assumptions on which such forward-looking info is predicated are affordable, undue reliance shouldn’t be positioned on forward-looking info and the Firm can’t assure that it’ll show to be correct. The forward-looking statements contained on this press launch are made as of the date of this press launch. The Firm disclaims any intention or obligation to publicly replace any forward-looking info, whether or not because of new info, future occasions or outcomes or in any other case, apart from as required by relevant securities legal guidelines.
To view the supply model of this press launch, please go to https://www.newsfilecorp.com/release/143709
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