Idaho Champion (CSE:ITKO, OTCQB:GLDRF) Gold Mines Canada Inc said it completed this year's induced polarization/resistivity (IP) geophysical survey at its Champagne gold project in Idaho, USA, which outlined a large anomaly covering nearly eight square kilometers (sq km).
The explorer carried out two new IP lines at the property, which spans a total 26 sq km, north of the two previous lines completed in 2020, for 7,800 metres (m), which extended the survey coverage west by 1,400m.
As a result, it said it has now mapped the St Louis-Reliance Corridor IP anomaly over an area that was over 3,000m north-south by 2,500m east-west.
"Our expanded IP program has better defined the footprint of this huge IP chargeability feature at the Champagne project," Idaho Champion (CSE:ITKO, OTCQB:GLDRF)'s chief geologist Robert Kell told investors in a statement.
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"The new data on the north and west improve our understanding of the geometry of the anomaly and the importance of the structural geology controls on the system," he added.
"The IP anomalies continue to reflect strong magnitudes and continuity to depth, particularly on line 7 and the western end of line 6. The drilling so far has shown us evidence of intense veining and increasing alteration with depth. It will be important to integrate all the drill results with the new geophysical data to identify the best vectors to where this large system goes at depth."
Idaho Champion (CSE:ITKO, OTCQB:GLDRF) is advancing its wholly-owned mineral properties in Idaho, USA and is vested in the Baner project, the Champagne project and four cobalt properties in Lemhi County in the Idaho Cobalt Belt.
The Champagne mine at the project of the same name was operated by Bema Gold as a heap leach operation. Bema drilled 72 shallow reverse circulation (RC) holes on the project, which complement drilling and trenching from other previous operators.
The property has had no deep drilling or significant modern exploration since the mine closure in early 1992.
Contact the writer at giles@proactiveinvestors.com