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Idaho Champion Announces Work Program on Its Lithium Projects in Quebec’s Pegmatite-Rich James Bay District

Toronto, Ontario – Idaho Champion (CSE: ITKO) (OTCQB: GLDRF) (FSE: 1QB1) (“Idaho Champion” or the “Firm”) is happy to announce that it has initiated a piece program on the 2 lithium pegmatites 100% owned by the Tasks Firm (the “IQ Tasks”) within the Eeyou Istchee James Bay territory of Quebec.

The work program will start with magnetic, VLF-electromagnetic, radiometric and high-resolution LiDAR/imaging surveys masking roughly 2,188 line kilometers. The survey might 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 radiometric and high-precision LiDAR sensors, in addition to high-resolution cameras able to to provide four-band photographs. .

Excessive decision cameras are used to enhance magnetic and VLF datasets with LiDAR and orthophotos. These knowledge units will present the Firm with geophysical and topographic info that might be helpful in advancing regional structural interpretation and evaluation of potential lithium pegmatite initiatives.

Idaho Champion has additionally engaged and mobilized a Quebeca workforce of consulting geologists to advance prospecting, geological mapping and sampling applications to prioritize targets for a second section of fieldwork in 2023.

“Now that we’re within the discipline, we’re wanting to determine precedence targets on this favorable district. The aerial survey at the moment underway will assist us assess the district-wide geology and setting, whereas our discipline workforce focuses on following up on showings reported throughout historic work. Our “micro-macro” strategy ought to present appreciable steering for the course of our 2023 program. We stay up for seeing the information and evaluation that outcomes from our first program in Quebec,’ declared Jonathan BuickPresident and CEO.

In regards to the IQ Lithium initiatives (Blanche and Charles)

Blanche is made up of 256 claims totaling roughly 130 km2. The mission is situated in an ENE trending volcano-sedimentary belt. The bedrock geology of the Blanche mission is principally composed of a broad mafic band trending east-northeast, interpreted as metamorphosed basalt, hosted in tonalitic rocks and interbedded with slim sections of magnesian basalt, komatiite, iron formation (silicate and/or oxide facies) and metasedimentary rocks.

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 mission, the rocks are comparatively homogeneous and medium grained, containing 20 to 30% hornblende, with regionally weak foliation. Granite consists of medium to coarse grained feldspar, plagioclase, quartz and biotite. It’s large, homogeneous and largely non-magnetic. A number of pegmatite dykes have additionally been recognized on the mission slicing throughout the felsic models. To this point, the dykes are usually lower than two meters broad, 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 mission consists of 61 claims masking roughly 31 km2. Much less is understood about this mission, 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 components of this mission, there are thick glacial sediments containing blocks of granite and pegmatite.

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, United States and the properties of lithium in Quebec, Canada. As well as, the Firm owns the Baner gold mission in Idaho County and the polymetallic Champagne mission in Butte County close to arco.

The Firm’s shares are traded on the CSE underneath the image “ITKO”, on the OTCQB underneath the image “GLDRF” and on the Frankfurt Inventory Trade underneath 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 significantly, using local people members and suppliers of providers in its operations at any time when potential.


Nicholas Konkin

Advertising and marketing and communication

Idaho Champion

P: (416) 567-9087

E mail: [email protected]


Cautions for the Idaho champion

Neither the Canadian Securities Trade nor its regulation providers supplier has reviewed or accepts duty for the adequacy or accuracy of this press launch. This press launch might 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 coated by the Settlement, the prospectivity of the Lithium Tasks, the Firm’s potential to efficiently deal with exploration for battery-related metals, and with respect to finishing a personal placement of the dimensions and worth 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, enough investor curiosity to finish the non-public placement financing essential to fund the money portion of the acquisition of the Mission, having the technical experience to probe for lithium in pegmatite, and that the reported lithium sources within the Tasks district are indicative of the prospectivity of mineralized pegmatite on the Tasks . Though the Firm believes that the expectations and assumptions on which such forward-looking info is predicated are cheap, undue reliance shouldn’t be positioned on forward-looking info and the Firm can not 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 on account of new info, future occasions or outcomes or in any other case, apart from as required by relevant securities legal guidelines.

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