Historical drill results included drill hole LC8620 which contained 1.90 grams per ton ('g/t') gold ('Au') and 78.96 g/t silver ('Ag') over 44.20 metres and included 1.68 g/t Au and 91.05 g/t Ag over 38.10 metres.
The results indicated represent the currently available drill data in the historic record. The intersection lengths are core length intersections. The true width of the intersection has not been determined. The Company has not as yet verified the Data and as such investors should not place undue reliance on the Data. The Company's future exploration work will include verification of the Data.
'The drill and trench data within the past producing pit that was previously disclosed, while part of what was mined from the pit, supports, in our view, the initial theory that the past production tonnage only clipped part of what we believe is a much bigger system at depth and on strike,' President and CEO
Geology
The historical data was acquired by
The geology of the Champagne mine area is well documented in maps and reports prepared by the
Exploration at Champagne will focus on surface delineation of alteration and mineralization and drilling will focus on a deep target (500m) in the Milligan formation.
About
The Champagne mine was operated by Bema as a heap leach operation on a high sulfidation gold system that occurs in volcanic rocks. Bema drilled 72 shallow reverse circulation holes in addition to previous operators drilling and trenching. The property had no deep drilling or modern exploration since the mine's closure in the early 1992.
The historic Champagne deposit contains epigenetic style gold and silver mineralization that occurs in strongly altered Tertiary volcanic tuffs and flows of acid to intermediate composition at
Champagne has a near surface cap of gold-silver mineralization emplaced by deep-seated, structurally controlled shears that acted as conduits for precious metal rich hydrothermal fluids. High grade zones in the historic Champagne deposit appear to be related to such feeder shear zones. Drilling in the future to test for polymetallic, base-precious metal deposits at depth will clarify these relationships.
ABOUT
Champion is a discovery-focused gold exploration company that is committed to advancing its 100% owned highly prospective mineral properties located in
Contact:
Tel: (416) 477 7771
Email: nkonkin@idahochamp.com
Cautionary Statements
This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of the Company. Forward-looking information is based on certain key expectations and assumptions made by the management of the Company. Although the Company believes that the expectations and assumptions on which such forward-looking information is based on are reasonable, undue reliance should not be placed on the forward-looking information because the Company can give no assurance that they will prove to be correct. Forward-looking statements contained in this press release are made as of the date of this press release. The Company disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.
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