Idaho Champion Gold Mines Canada Inc (CSE:ITKO) (OTCMKTS:GLDRF) (FRA:1QB1) said it has received the necessary permit from the Bureau of Land Management (BLM) to extend 2021 drilling onto its 100%-controlled Federal Mining claims at its Champagne gold project in Idaho.
The BLM drill permit grants the company nine drill pad locations as part of the "fence" drilling designed to drill test the induced polarization (IP) anomaly at the project.
Drilling through the permit will commence on drill hole number three, the first two pads having been established on the recently acquired private ground located toward the west end of the IP anomaly, the company said.
READ: Idaho Champion Gold starts drill program at Champagne gold project
"The permitting process for our drill program went exceptionally well,” chief geologist Rob Kell said in a statement.
“Since completing the 2020 exploration program we have expanded our technical team with world-class geologists and have applied a rigorous modern systematic approach to exploration, which has developed some of the most exciting drill targets I have seen in my career.”
Over the last nine months, Idaho Champion said it has obtained positive geophysical, geochemical, and geological data. Combined with the historic data from the former Champagne Mine, the data show strong potential for the presence of a large, possibly high-grade, gold-silver, and copper-silver mineralized system.
“We are eager to apply today's knowledge to unlock the full potential of the project,” Kell 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