Idaho Champion Gold Increases Baner Property Package and Initiates Sample Program on New Target

Rhea-AI Summary

Idaho Champion Gold Mines has announced an increase in its property package at the Baner Gold Project by adding 12 new mining claims named the Angel Zone. This area is adjacent to the 2018 Baner gold discovery, where drilling is currently ongoing. The company will commence a grid sampling program to explore this new zone further. The decision follows successful geophysical surveys that indicated potential. The technical information has been reviewed by a qualified expert, Peter Karelse.

Positive

• Addition of 12 new mining claims at the Baner Gold Project indicates potential for further gold discovery.
• Current drilling success at the Baner site suggests a strong correlation with IP and geophysical survey results.
• Initiation of a grid sampling program aims to explore the new Angel Zone efficiently.

Negative

• None.

TORONTO, ON / ACCESSWIRE / September 17, 2020 / Idaho Champion Gold Mines Canada Inc. (CSE:ITKO)(OTCQB:GLDRF) ("Champion" or the "Company"), announces a property package increase at the Baner Gold Project ("Baner") with the addition of Twelve (12) new mining claims (the "Angel Zone") due west and parallel of the 2018 Baner gold discovery and where current drilling is underway. Champion will immediately begin a grid sampling program.

"During our 2018 exploration program, we ran IP and geophysical surveys across our entire property package and the west end showed tremendous potential as a parallel zone. Our Baner drilling success suggested a strong correlation to the IP and geophysical hot spots which leads us to believe that the Angel Zone could host a parallel structure to the system we are drill-defining currently," stated Jonathan Buick, President and CEO. "One of our geologists, Angel, was the person that sampled the area within our property package at the end of the 2018 exploration program and the results warranted further expansion of our Baner property boundaries."

Qualified Person

The technical information in this press release has been reviewed and approved by Peter Karelse P.Geo., a consultant to the Company, who is a Qualified Person as defined by NI 43-101. Mr. Karelse has more than 30 years of experience in exploration and development.

About Idaho Champion Gold Mines Inc.

Idaho Champion is a discovery-focused gold exploration company that is committed to advancing its 100% owned highly prospective mineral properties located in Idaho, United States. The Company's shares trade on the CSE under the trading symbol "ITKO" and on the OTCQB under the trading symbol "GLDRF". Idaho Champion is vested in Idaho with the Baner Project in Idaho County, the Champagne Project located in Butte County near Arco, and four cobalt properties in Lemhi County in the Idaho Cobalt Belt. Idaho Champion strives to be a responsible environmental steward, stakeholder and a contributing citizen to the local communities where it operates. Idaho Champion takes its social license seriously, employing local community members and service providers at its operations whenever possible.

ON BEHALF OF THE BOARD

"Jonathan Buick"

Jonathan Buick, President and CEO

For further information, please visit the Company's SEDAR profile at www.sedar.com or the Company's corporate website at www.idahochamp.com.

For further information please contact:

Nicholas Konkin, Marketing and Communications

Phone: (416) 477 7771 ext. 205

Email: nkonkin@idahochamp.com

THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY ANY SECURITIES IN ANY JURISDICTION, NOR SHALL THERE BE ANY OFFER, SALE, OR SOLICITATION OF SECURITIES IN ANY STATE IN THE UNITED STATES IN WHICH SUCH OFFER, SALE, OR SOLICITATION WOULD BE UNLAWFUL.

Cautionary Statements

Neither the Canadian Securities Exchange nor its regulation services provider has reviewed or accepted responsibility for the adequacy or accuracy of this press release 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.

SOURCE: Idaho Champion Gold Mines Canada Inc.

View source version on accesswire.com:
https://www.accesswire.com/606527/Idaho-Champion-Gold-Increases-Baner-Property-Package-and-Initiates-Sample-Program-on-New-Target

FAQ

What recent development did Idaho Champion Gold Mines announce regarding the Baner Gold Project?

Idaho Champion Gold Mines announced the addition of 12 new mining claims called the Angel Zone at the Baner Gold Project.

What is the significance of the newly added Angel Zone for Idaho Champion Gold Mines?

The Angel Zone's proximity to the 2018 Baner gold discovery suggests potential for further gold deposits, prompting a new exploration initiative.

When did Idaho Champion Gold Mines make the announcement about the Baner Gold Project?

The announcement was made on September 17, 2020.

What actions will Idaho Champion Gold Mines take at the Angel Zone?

The company will begin a grid sampling program to explore the mining potential of the newly added Angel Zone.

Who reviewed the technical information in the press release?

The technical information was reviewed and approved by Peter Karelse, a qualified expert with over 30 years of experience.