Idaho Champion Gold Mines Canada Inc (CSE:ITKO) (OTCMKTS:GLDRF) (FRA:1QB1) said it has commenced the planned drill program to test the large geophysical anomaly reported earlier this year at its 100%-controlled Champagne gold project in Idaho in the US.
The company recently announced that it has signed a contract with National Drilling for an 8,000-metre exploration core drilling program. The drill and crew have mobilized to site and drilling is underway on the first hole.
The drill program is designed to test the large induced polarization (IP) anomaly with a series of drill holes. The first two drill holes will be placed on the recently acquired private ground located towards the west end of the IP anomaly.
READ: Idaho Champion Gold acquires private surface and mineral rights at Champagne Project
“Commencing this drill program marks an exciting step for Idaho Champion as we begin fence drilling the IP anomaly,” President and CEO Jonathan Buick said in a statement.
“Given the evidence uncovered so far on this huge anomaly, we have high expectations of encountering mineralization as we test the roots of the Champagne mineral system.
“It is helpful that we are able to drill immediately on our recently acquired private ground,” Buick added.
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.
Contact the author at stephen.gunnion@proactiveinvestors.com