Idaho Champion Gold Mines Canada Inc (CSE:ITKO) (OTCQB:GLDRF) (FRA:1QB1) has reported assay results for the first two holes from the 2020 diamond core drilling program at its 100% controlled Baner Gold Project in Idaho, which included 0.83 grams per ton (g/t) gold over 11 metres from 19 metres downhole.
The company said the drill results extend the northerly trend from the 2018 discovery holes and identifies a second parallel mineralized structure.
“We are extremely motivated by the strong mineralization encountered in the first core holes from the 2020 program. These initial results show us that the mineralized zone identified in the 2018 drill program continues to the north and remains open,” Idaho Champion Gold Mines CEO Jonathan Buick said in a statement.
READ: Idaho Champion Gold Mines Canada owns US gold properties with multi-million ounce potential
Buick added: “The second hole was also important because it tested the depth extent of a quartz vein system identified through surface mapping and sampling. We believe the gold encountered in hole 2 is indicative of a new trend that aligns with the orientation of many historical workings in the Orogrande Shear Zone.”
The company noted that the intercepts reported include shallow oxide-hosted gold and higher-grade quartz-sulfide vein-hosted gold mineralization at depth.
Idaho Champion’s 2020 drill program consisted of 11 diamond drill holes totaling 2,190 metres, targeting the northern extension of the mineralization discovered in its 2018 drill program, which the company said has served to further define the geometry of the Orogrande Shear Zone (OSZ) within the Idaho Champion claim block.
Idaho Champion Gold Mines Canada is a discovery-focused exploration company advancing two high-upside gold projects in Idaho.
The company's 100%-owned Baner gold project is Idaho’s newest gold discovery, consisting of 227 claims totaling 1,829 hectares, which the company believes has multi-million-ounce potential.
Baner is located in the middle of the Orogrande Shear Zone, which hosts a number of gold deposits including the Friday mine owned by Finland’s Endomines. Idaho Champion said Baner’s highly-oxidized mineralization begins at surface and exploration has discovered ‘open-pit’ potential.
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