Idaho Champion Gold Mines Canada Inc.

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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”. Idaho Champion is vested in Idaho with the ...

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Idaho Champion Gold Mines Canada Inc.

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Idaho Champion is a discovery-focused gold exploration company that is committed to advancing its 100% owned highly ......

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8020 Admin

11 hours ago

8020 Admin posted a press release Idaho Champion Announces Acquisition of Historical Data for Past Producing Champagne Project in IDAHO CHAMPION GOLD MINES CANADA INC.

TORONTO, ON / ACCESSWIRE / March 11, 2020 / Idaho Champion Gold Mines Canada Inc. (CSE:ITKO)(OTCPINK:GLDRF) ("Champion" or the "Company"), a discovery-focused gold exploration company, is pleased to announce that it has acquired key historical data pertaining to the Company's past producing Champagne Project located south-west of Arco, Idaho, USA.


The database was purchased from Kinross Gold Corporation, who acquired Champagne's previous operator Bema Gold Corporation ("Bema Gold") in 2007. Bema Gold through its 100% owned subsidiary, Idaho Gold Corporation had preserved the historic files. The Champagne project had a historic Non 43-101 compliant resource of 2.8MT at 1.2g/t Au equivalent (See Mine Development Associates report dated September 1989.) Bema Gold had the Champagne mine in production from 1989 to 1992 operating as an open pit heap leach, producing approximately 25,000 oz of gold per year.


President and CEO Jonathan Buick Stated: "Acquiring the data package from Kinross is a key first step in fully understanding what we believe is the tremendous upside that Champagne has to offer. We will continue to update investors on the findings as they are analysed. Once the data review has been completed by our geologic team, the company will initiate a comprehensive exploration program using modern techniques and tools with the expectation of proving up historic resources and expanding the known discovery area."


The company has received the majority of the data with the balance in transit to our office. Champion's geologic team has commenced review of what is already in our possession. The company intends on providing regular updates of our findings in the review process.


With the recently completed over-subscribed private placement the company intends to fund focused geologic programs at the Baner gold project near Elk City, Idaho and the past producing Champagne Mine near Arco, Idaho.


About Champagne Project


The Champagne Mine was operated by Bema Gold as a heap leach operation on a high sulfidation gold system that occurs in volcanic rocks. Bema Gold drilled 72 shallow reverse circulation holes in addition to previous operators drilling and trenching. The property has had no deep drilling or modern exploration since the mine closure in the early 1992.


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 at Lava Creek. Argillic and sericite alteration is widespread at the Champagne Deposit, silica flooding, alunite and barite are closely associated with the gold and silver mineralized zone.


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 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.


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


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". 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 and employ local community members and services its operations.


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


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/580071/Idaho-Champion-Announces-Acquisition-of-Historical-Data-for-Past-Producing-Champagne-Project

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8020 Admin

5 days ago

8020 Admin posted a press release Idaho Champion Closes Over Subscribed Non-Brokered Private Placement in IDAHO CHAMPION GOLD MINES CANADA INC.

Not for distribution to United States Newswire Services or for dissemination in the United States

TORONTO, ON / ACCESSWIRE / March 6, 2020 / Idaho Champion Gold Mines Canada Inc. (CSE:ITKO) ("Champion" or the "Company"), a discovery-focused gold exploration company, announces that it has closed the final tranche of the oversubscribed non-brokered private placement offering announced on January 13, 2020. As part of the closing of this final tranche, the Company issued 6,250,000 units for gross proceeds of $500,000. The Company paid a cash finders' fee of $21,880 and issued 273,500 finders' warrants. This private placement resulted in the Company receiving total proceeds of $1,204,187.


On January 13, 2020, Champion announced a non-brokered private placement of up to 12,500,000 units at a price of $0.08 per unit for gross proceeds of up to $1,000,000. Each unit consists of one (1) common share and one (1) non-transferrable purchase warrant (a "Warrant"). Each Warrant will entitle the holder to purchase one additional common share at a price of $0.15 for a period of 60 months from date of the issue. All securities issued pursuant to the financing are subject to a four-month hold period under applicable Canadian securities laws.


The proceeds of the financing will be used for funding an exploration program at the Baner Gold and Champagne Projects in Idaho, USA and for general working capital purposes.


ABOUT IDAHO CHAMPION


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". 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 we operate. Idaho Champion takes our social license seriously and employ local community members and services in our operations.


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


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/579523/Idaho-Champion-Closes-Over-Subscribed-Non-Brokered-Private-Placement

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8020 Admin

14 days ago

8020 Admin posted a press release Idaho Champion Announces Closing of Second Tranche Non-Brokered Private Placement in IDAHO CHAMPION GOLD MINES CANADA INC.

Not for distribution to United States Newswire Services or for dissemination in the United States

TORONTO, ON / ACCESSWIRE / February 26, 2020 / Idaho Champion Gold Mines Canada Inc. (CSE:ITKO) ("Champion" or the "Company"), a discovery-focused gold exploration company, announces that it has closed the second tranche of the private placement offering announced on January 13, 2020. As part of the closing of this second tranche, the Company issued 2,398,306 units for gross proceeds of $191,864.48.


On January 13, 2020, Champion announced a non-brokered private placement of up to 12,500,000 units at a price of $0.08 per unit for gross proceeds of up to $1,000,000. Each unit consists of one (1) common share and one (1) non-transferrable purchase warrant (a "Warrant"). Each Warrant will entitle the holder to purchase one additional common share at a price of $0.15 for a period of 60 months from date of the issue.


Directors and Officers participated in this financing for an aggregate of $23,739, representing 296,741 units.


The proceeds of the financing will be used for funding an exploration program at the Baner Gold and Champagne Projects in Idaho, USA and for general working capital purposes.


This financing is subject to regulatory approval and all securities to be issued pursuant to the financing are subject to a four-month hold period under applicable Canadian securities laws. The Company may pay finders' fees consisting of 8% cash and 8% non-transferable warrants in connection with the financing, subject to compliance with the policy of the Canadian Securities Exchange (the "CSE"). Completion of the private placement and payment of any finders' fees remain subject to the receipt of all necessary regulatory approvals, including the approval of the CSE.


Baner Gold Project


The Baner Gold Project is located near Elk City, Idaho County, Idaho. In 2018 Idaho Champion made a gold discovery at the Baner Creek project with near-surface oxide gold mineralization in drilling over a 500-meter strike length. During 2020, the Company anticipates continued exploration on the Baner Gold project.


The Baner Project is located within the Orogrande shear zone (OSZ), a 20-kilometer-long and up to 1-kilometer wide regional shear zone located in Central Idaho. The OSZ resembles a series of grabens composed of metamorphosed Proterozoic belt sedimentary rocks, Cretaceous Idaho batholith intruded by Tertiary rhyolites and dacitic dikes. The BC claim block covers a series of parallel shear zones on the eastern margin of the OSZ. Hydrothermal alteration is spatially associated with the OSZ and consists of silicification, seritization, and chloritization. Mineralization is hosted by three types of broadly defined deposit types; Tertiary epithermal deposits, Cretaceous intrusive related gold systems and orogenic shear zone deposits hosted within the batholith. Mineralization includes disseminated low-grade precious metal mineralization in associated stockwork veins, hydraulic breccias and extensive widespread alteration; high-grade gold associated with discreet structurally controlled quartz veins and silicified zones.


The Baner/Sally Project is in the central Idaho Gold Belt, 8 km south of the of Elk City, Idaho. The Elk City is an historic gold mining region dating back to the 1860s and once supported more than 20 underground mines and extensive placer operations. During the 1930's there were three cyanide gold mills along Crooked River processing open pit and underground sulfide ore. Exploration in the district during the 1980's and 1990's included Cypress-Amax, Kinross Gold, and Bema Gold primarily focused on near-surface bulk-tonnage gold potential. Premium Exploration conducted extensive drilling, soil sampling, and airborne and surface geophysics in the 2010 era. Currently a Finnish gold producer, Endomines is developing the Friday project at Orogrande into an underground gold operation and is constructing a gold processing mill.


ABOUT IDAHO CHAMPION


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". 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 we operate. Idaho Champion takes our social license seriously and employ local community members and services in our operations.


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


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/578045/Idaho-Champion-Announces-Closing-of-Second-Tranche-Non-Brokered-Private-Placement

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8020 Admin

26 days ago

8020 Admin posted a press release Bruce Reid Announces Acquisition of Additional Idaho Champion Securities in IDAHO CHAMPION GOLD MINES CANADA INC.

TORONTO, ON / ACCESSWIRE / February 14, 2020 / Mr. Bruce Reid announces that effective February 14, 2020 he will acquired ownership of or control over an additional aggregate of 985,570 units (the "Units") at a deemed price of $0.08 per common share (the "Common Share") in the capital of Idaho Champion Gold Mines Canada Inc. ("Idaho Champion or the "Issuer") (CSE:ITKO) through conversion of an aggregate of $78,845.60 of debt owed by the Issuer.


Each unit will consist of one (1) common share and one (1) non-transferrable purchase warrant (the "Warrant"). Each Warrant will entitle the holder to purchase one additional common share at a price of $0.15 for a period of 60 months from date of the issue.


Prior to acquiring such Common Shares, Mr. Reid owned or controlled 10,663,726 Common Shares representing approximately 20.74% of the then issued and outstanding Common Shares and 547,500 Warrants which, if exercised, increase his ownership to approximately 21.62% of the Issuer's Common Shares on a post-conversion ownership basis.


As a result of the above-noted acquisition, Mr. Reid will own or control 11,101,796 Common Shares representing approximately 19.98% of the issued and outstanding Common Shares and 1,533,070 Warrants. Assuming exercise of the warrants, the Acquiror would own, directly and indirectly, a total of 12,634,866 common shares representing approximately 22.13% of the Issuer's issued common shares on a post-conversion beneficial ownership basis.


Mr. Reid has no present intention of acquiring additional securities of Idaho Champion. Depending upon his evaluation of the business, prospects and financial condition of the Issuer, the market for Idaho Champion's securities, general economic and tax conditions and other factors, Mr. Reid may acquire more or sell some or all of his securities of Idaho Champion.


Idaho Champion relied on the exemption provided in section 2.14 - Securities for Debt of the National Instrument 45-106 - Prospectus Exemptions.


For more information and to obtain a copy of the early warning report required by securities legislation and filed on SEDAR under Idaho Champion' company profile at www.sedar.com. please contact:


Bruce Reid
401 Bay Street, Suite 2702
Toronto, Ontario M5H 2Y4
Telephone: 647-500-4495


SOURCE: Idaho Champion Gold Mines Canada Inc.


View source version on accesswire.com:
https://www.accesswire.com/576574/Bruce-Reid-Announces-Acquisition-of-Additional-Idaho-Champion-Securities

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8020 Admin

26 days ago

8020 Admin posted a press release Idaho Champion Announces Closing of First Tranche Non-Brokered Private Placement in IDAHO CHAMPION GOLD MINES CANADA INC.

Not for distribution to the United States Newswire Services or for dissemination in the United States

TORONTO, ON / ACCESSWIRE / February 14, 2020 / Idaho Champion Gold Mines Canada Inc. (CSE:ITKO) ("Champion" or the "Company"), a discovery-focused gold exploration company, announces that it has closed the first tranche of the private placement offering announced on January 13, 2020. As part of the closing of this first tranche, the Company issued 6,767,093 units for gross proceeds of $541,367. The Company paid a cash finders' fee of $10,240 and issued 178,000 finders' warrants.


On January 13, 2020, Champion announced a non-brokered private placement of up to 12,500,000 units at a price of $0.08 per unit for gross proceeds of up to $1,000,000. Each unit consists of one (1) common share and one (1) non-transferrable purchase warrant (a "Warrant"). Each Warrant will entitle the holder to purchase one additional common share at a price of $0.15 for a period of 60 months from date of the issue.


Directors and Officers participated in this financing for an aggregate of $229,670, representing 2,870,870 units.


The proceeds of the financing will be used for funding an exploration program at the Baner Gold and Champagne Projects in Idaho, USA and for general working capital purposes.


This financing is subject to regulatory approval and all securities to be issued pursuant to the financing are subject to a four-month hold period under applicable Canadian securities laws. The Company may pay finders' fees consisting of 8% cash and 8% non-transferable warrants in connection with the financing, subject to compliance with the policy of the Canadian Securities Exchange (the "CSE"). Completion of the private placement and payment of any finders' fees remain subject to the receipt of all necessary regulatory approvals, including the approval of the CSE.


Baner Gold Project


The Baner Gold Project is located near Elk City, Idaho County, Idaho. In 2018 Idaho Champion made a gold discovery at the Baner Creek project with near-surface oxide gold mineralization in drilling over a 500-meter strike length. During 2020, the Company anticipates continued exploration on the Baner Gold project.


The Baner Project is located within the Orogrande shear zone (OSZ), a 20-kilometer-long and up to 1-kilometer wide regional shear zone located in Central Idaho. The OSZ resembles a series of grabens composed of metamorphosed Proterozoic belt sedimentary rocks, Cretaceous Idaho batholith intruded by Tertiary rhyolites and dacitic dikes. The BC claim block covers a series of parallel shear zones on the eastern margin of the OSZ. Hydrothermal alteration is spatially associated with the OSZ and consists of silicification, seritization, and chloritization. Mineralization is hosted by three types of broadly defined deposit types; Tertiary epithermal deposits, Cretaceous intrusive related gold systems and orogenic shear zone deposits hosted within the batholith. Mineralization includes disseminated low-grade precious metal mineralization in associated stockwork veins, hydraulic breccias and extensive widespread alteration; high-grade gold associated with discreet structurally controlled quartz veins and silicified zones.


The Baner/Sally Project is in the central Idaho Gold Belt, 8 km south of the of Elk City, Idaho. The Elk City is a historic gold mining region dating back to the 1860s and once supported more than 20 underground mines and extensive placer operations. During the 1930's there were three cyanide gold mills along Crooked River processing open pit and underground sulfide ore. Exploration in the district during the 1980's and 1990's included Cypress-Amax, Kinross Gold, and Bema Gold primarily focused on near-surface bulk-tonnage gold potential. Premium Exploration conducted extensive drilling, soil sampling, and airborne and surface geophysics in the 2010 era. Currently, a Finnish gold producer, Endomines is developing the Friday project at Orogrande into an underground gold operation and is constructing a gold processing mill.


ABOUT IDAHO CHAMPION


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". 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 we operate. Idaho Champion takes our social license seriously and employ local community members and services in our operations.


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


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/576566/Idaho-Champion-Announces-Closing-of-First-Tranche-Non-Brokered-Private-Placement

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8020 Admin

2 months ago

8020 Admin posted a press release Idaho Champion Announces Non-Brokered Private Placement up to $1.0 million in IDAHO CHAMPION GOLD MINES CANADA INC.


NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

TORONTO, Jan. 13, 2020 (GLOBE NEWSWIRE) -- Idaho Champion Gold Mines Canada Inc. (CSE: ITKO) (“Champion” or the "Company"), a discovery-focused gold exploration company, announces a non-brokered private placement of up to 12,500,000 units at a price of $0.08 per unit for a gross proceeds of up to $1,000,000 (the “Financing”).


Each unit will consist of one (1) common share and one (1) non-transferrable purchase warrant (a “Warrant”). Each Warrant will entitle the holder to purchase one additional common share at a price of $0.15 for a period of 60 months from date of the issue.


This financing is subject to regulatory approval and all securities to be issued pursuant to the financing are subject to a four-month hold period under applicable Canadian securities laws. The Company may pay finders’ fees consisting of 8% cash and 8% non-transferable warrants in connection with the financing, subject to compliance with the policy of the Canadian Securities Exchange (the “CSE”). Completion of the private placement and payment of any finders’ fees remain subject to the receipt of all necessary regulatory approvals, including the approval of the CSE. 


The proceeds of the financing will be used for funding an exploration program at the Baner Gold and Champagne Projects in Idaho, USA and for general working capital purposes.


Baner Gold Project


The Baner Gold Project is located near Elk City, Idaho County, Idaho.  In 2018 Idaho Champion made a gold discovery at the Baner Creek project with near surface oxide gold mineralization in drilling over a 500-meter strike length.  During 2020, the Company anticipates continued exploration on the Baner Gold project. 


The Baner Project is located within the Orogrande shear zone (OSZ), a 20-kilometer-long and up to 1-kilometer wide regional shear zone located in Central Idaho.  The OSZ resembles a series of grabens composed of metamorphosed Proterozoic belt sedimentary rocks, Cretaceous Idaho batholith intruded by Tertiary rhyolites and dacitic dikes.  The BC claim block covers a series of parallel shear zones on the eastern margin of the OSZ. Hydrothermal alteration is spatially associated with the OSZ and consists of silicification, seritization, and chloritization. Mineralization is hosted by three types of broadly defined deposit types; Tertiary epithermal deposits, Cretaceous intrusive related gold systems and orogenic shear zone deposits hosted within the batholith. Mineralization includes disseminated low-grade precious metal mineralization in associated stockwork veins, hydraulic breccias and extensive widespread alteration; high-grade gold associated with discreet structurally controlled quartz veins and silicified zones.


The Baner/Sally Project is in the central Idaho Gold Belt, 8 km south of the of Elk City, Idaho. The Elk City is an historic gold mining region dating back to the 1860s and once supported more than 20 underground mines and extensive placer operations.  During the 1930’s there were three cyanide gold mills along Crooked River processing open pit and underground sulfide ore.  Exploration in the district during the 1980’s and 1990’s included Cypress-Amax, Kinross Gold, and Bema Gold primarily focused on near-surface bulk-tonnage gold potential.  Premium Exploration conducted extensive drilling, soil sampling, and airborne and surface geophysics in the 2010 era.  Currently a Finnish gold producer, Endomines is developing the Friday project at Orogrande into an underground gold operation and is constructing a gold processing mill.

ABOUT IDAHO CHAMPION

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”. 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 we operate. Idaho Champion takes our social license seriously and employ local community members and services in our operations.

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


This News Release includes certain “forward-looking statements” which are not comprised of historical facts. Forward-looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management’s expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, the Company’s objectives, goals or future plans, statements, exploration results, potential mineralization, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to failure to identify mineral resources, failure to convert estimated mineral resources to reserves, the inability to complete a feasibility study which recommends a production decision, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital, operating and reclamation costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company’s public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.


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Idaho Champion Gold Mines Canada Inc.

publicPublic Group

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”. Idaho Champion is vested in Idaho with the ...

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Idaho Champion Gold Mines Canada Inc.

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Idaho Champion is a discovery-focused gold exploration company that is committed to advancing its 100% owned highly ......

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8020 Admin

11 hours ago

8020 Admin posted a press release Idaho Champion Announces Acquisition of Historical Data for Past Producing Champagne Project in IDAHO CHAMPION GOLD MINES CANADA INC.

TORONTO, ON / ACCESSWIRE / March 11, 2020 / Idaho Champion Gold Mines Canada Inc. (CSE:ITKO)(OTCPINK:GLDRF) ("Champion" or the "Company"), a discovery-focused gold exploration company, is pleased to announce that it has acquired key historical data pertaining to the Company's past producing Champagne Project located south-west of Arco, Idaho, USA.


The database was purchased from Kinross Gold Corporation, who acquired Champagne's previous operator Bema Gold Corporation ("Bema Gold") in 2007. Bema Gold through its 100% owned subsidiary, Idaho Gold Corporation had preserved the historic files. The Champagne project had a historic Non 43-101 compliant resource of 2.8MT at 1.2g/t Au equivalent (See Mine Development Associates report dated September 1989.) Bema Gold had the Champagne mine in production from 1989 to 1992 operating as an open pit heap leach, producing approximately 25,000 oz of gold per year.


President and CEO Jonathan Buick Stated: "Acquiring the data package from Kinross is a key first step in fully understanding what we believe is the tremendous upside that Champagne has to offer. We will continue to update investors on the findings as they are analysed. Once the data review has been completed by our geologic team, the company will initiate a comprehensive exploration program using modern techniques and tools with the expectation of proving up historic resources and expanding the known discovery area."


The company has received the majority of the data with the balance in transit to our office. Champion's geologic team has commenced review of what is already in our possession. The company intends on providing regular updates of our findings in the review process.


With the recently completed over-subscribed private placement the company intends to fund focused geologic programs at the Baner gold project near Elk City, Idaho and the past producing Champagne Mine near Arco, Idaho.


About Champagne Project


The Champagne Mine was operated by Bema Gold as a heap leach operation on a high sulfidation gold system that occurs in volcanic rocks. Bema Gold drilled 72 shallow reverse circulation holes in addition to previous operators drilling and trenching. The property has had no deep drilling or modern exploration since the mine closure in the early 1992.


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 at Lava Creek. Argillic and sericite alteration is widespread at the Champagne Deposit, silica flooding, alunite and barite are closely associated with the gold and silver mineralized zone.


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 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.


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


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". 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 and employ local community members and services its operations.


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


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/580071/Idaho-Champion-Announces-Acquisition-of-Historical-Data-for-Past-Producing-Champagne-Project

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8020 Admin

5 days ago

8020 Admin posted a press release Idaho Champion Closes Over Subscribed Non-Brokered Private Placement in IDAHO CHAMPION GOLD MINES CANADA INC.

Not for distribution to United States Newswire Services or for dissemination in the United States

TORONTO, ON / ACCESSWIRE / March 6, 2020 / Idaho Champion Gold Mines Canada Inc. (CSE:ITKO) ("Champion" or the "Company"), a discovery-focused gold exploration company, announces that it has closed the final tranche of the oversubscribed non-brokered private placement offering announced on January 13, 2020. As part of the closing of this final tranche, the Company issued 6,250,000 units for gross proceeds of $500,000. The Company paid a cash finders' fee of $21,880 and issued 273,500 finders' warrants. This private placement resulted in the Company receiving total proceeds of $1,204,187.


On January 13, 2020, Champion announced a non-brokered private placement of up to 12,500,000 units at a price of $0.08 per unit for gross proceeds of up to $1,000,000. Each unit consists of one (1) common share and one (1) non-transferrable purchase warrant (a "Warrant"). Each Warrant will entitle the holder to purchase one additional common share at a price of $0.15 for a period of 60 months from date of the issue. All securities issued pursuant to the financing are subject to a four-month hold period under applicable Canadian securities laws.


The proceeds of the financing will be used for funding an exploration program at the Baner Gold and Champagne Projects in Idaho, USA and for general working capital purposes.


ABOUT IDAHO CHAMPION


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". 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 we operate. Idaho Champion takes our social license seriously and employ local community members and services in our operations.


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


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/579523/Idaho-Champion-Closes-Over-Subscribed-Non-Brokered-Private-Placement

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8020 Admin

14 days ago

8020 Admin posted a press release Idaho Champion Announces Closing of Second Tranche Non-Brokered Private Placement in IDAHO CHAMPION GOLD MINES CANADA INC.

Not for distribution to United States Newswire Services or for dissemination in the United States

TORONTO, ON / ACCESSWIRE / February 26, 2020 / Idaho Champion Gold Mines Canada Inc. (CSE:ITKO) ("Champion" or the "Company"), a discovery-focused gold exploration company, announces that it has closed the second tranche of the private placement offering announced on January 13, 2020. As part of the closing of this second tranche, the Company issued 2,398,306 units for gross proceeds of $191,864.48.


On January 13, 2020, Champion announced a non-brokered private placement of up to 12,500,000 units at a price of $0.08 per unit for gross proceeds of up to $1,000,000. Each unit consists of one (1) common share and one (1) non-transferrable purchase warrant (a "Warrant"). Each Warrant will entitle the holder to purchase one additional common share at a price of $0.15 for a period of 60 months from date of the issue.


Directors and Officers participated in this financing for an aggregate of $23,739, representing 296,741 units.


The proceeds of the financing will be used for funding an exploration program at the Baner Gold and Champagne Projects in Idaho, USA and for general working capital purposes.


This financing is subject to regulatory approval and all securities to be issued pursuant to the financing are subject to a four-month hold period under applicable Canadian securities laws. The Company may pay finders' fees consisting of 8% cash and 8% non-transferable warrants in connection with the financing, subject to compliance with the policy of the Canadian Securities Exchange (the "CSE"). Completion of the private placement and payment of any finders' fees remain subject to the receipt of all necessary regulatory approvals, including the approval of the CSE.


Baner Gold Project


The Baner Gold Project is located near Elk City, Idaho County, Idaho. In 2018 Idaho Champion made a gold discovery at the Baner Creek project with near-surface oxide gold mineralization in drilling over a 500-meter strike length. During 2020, the Company anticipates continued exploration on the Baner Gold project.


The Baner Project is located within the Orogrande shear zone (OSZ), a 20-kilometer-long and up to 1-kilometer wide regional shear zone located in Central Idaho. The OSZ resembles a series of grabens composed of metamorphosed Proterozoic belt sedimentary rocks, Cretaceous Idaho batholith intruded by Tertiary rhyolites and dacitic dikes. The BC claim block covers a series of parallel shear zones on the eastern margin of the OSZ. Hydrothermal alteration is spatially associated with the OSZ and consists of silicification, seritization, and chloritization. Mineralization is hosted by three types of broadly defined deposit types; Tertiary epithermal deposits, Cretaceous intrusive related gold systems and orogenic shear zone deposits hosted within the batholith. Mineralization includes disseminated low-grade precious metal mineralization in associated stockwork veins, hydraulic breccias and extensive widespread alteration; high-grade gold associated with discreet structurally controlled quartz veins and silicified zones.


The Baner/Sally Project is in the central Idaho Gold Belt, 8 km south of the of Elk City, Idaho. The Elk City is an historic gold mining region dating back to the 1860s and once supported more than 20 underground mines and extensive placer operations. During the 1930's there were three cyanide gold mills along Crooked River processing open pit and underground sulfide ore. Exploration in the district during the 1980's and 1990's included Cypress-Amax, Kinross Gold, and Bema Gold primarily focused on near-surface bulk-tonnage gold potential. Premium Exploration conducted extensive drilling, soil sampling, and airborne and surface geophysics in the 2010 era. Currently a Finnish gold producer, Endomines is developing the Friday project at Orogrande into an underground gold operation and is constructing a gold processing mill.


ABOUT IDAHO CHAMPION


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". 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 we operate. Idaho Champion takes our social license seriously and employ local community members and services in our operations.


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


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/578045/Idaho-Champion-Announces-Closing-of-Second-Tranche-Non-Brokered-Private-Placement

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8020 Admin

26 days ago

8020 Admin posted a press release Bruce Reid Announces Acquisition of Additional Idaho Champion Securities in IDAHO CHAMPION GOLD MINES CANADA INC.

TORONTO, ON / ACCESSWIRE / February 14, 2020 / Mr. Bruce Reid announces that effective February 14, 2020 he will acquired ownership of or control over an additional aggregate of 985,570 units (the "Units") at a deemed price of $0.08 per common share (the "Common Share") in the capital of Idaho Champion Gold Mines Canada Inc. ("Idaho Champion or the "Issuer") (CSE:ITKO) through conversion of an aggregate of $78,845.60 of debt owed by the Issuer.


Each unit will consist of one (1) common share and one (1) non-transferrable purchase warrant (the "Warrant"). Each Warrant will entitle the holder to purchase one additional common share at a price of $0.15 for a period of 60 months from date of the issue.


Prior to acquiring such Common Shares, Mr. Reid owned or controlled 10,663,726 Common Shares representing approximately 20.74% of the then issued and outstanding Common Shares and 547,500 Warrants which, if exercised, increase his ownership to approximately 21.62% of the Issuer's Common Shares on a post-conversion ownership basis.


As a result of the above-noted acquisition, Mr. Reid will own or control 11,101,796 Common Shares representing approximately 19.98% of the issued and outstanding Common Shares and 1,533,070 Warrants. Assuming exercise of the warrants, the Acquiror would own, directly and indirectly, a total of 12,634,866 common shares representing approximately 22.13% of the Issuer's issued common shares on a post-conversion beneficial ownership basis.


Mr. Reid has no present intention of acquiring additional securities of Idaho Champion. Depending upon his evaluation of the business, prospects and financial condition of the Issuer, the market for Idaho Champion's securities, general economic and tax conditions and other factors, Mr. Reid may acquire more or sell some or all of his securities of Idaho Champion.


Idaho Champion relied on the exemption provided in section 2.14 - Securities for Debt of the National Instrument 45-106 - Prospectus Exemptions.


For more information and to obtain a copy of the early warning report required by securities legislation and filed on SEDAR under Idaho Champion' company profile at www.sedar.com. please contact:


Bruce Reid
401 Bay Street, Suite 2702
Toronto, Ontario M5H 2Y4
Telephone: 647-500-4495


SOURCE: Idaho Champion Gold Mines Canada Inc.


View source version on accesswire.com:
https://www.accesswire.com/576574/Bruce-Reid-Announces-Acquisition-of-Additional-Idaho-Champion-Securities

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8020 Admin

26 days ago

8020 Admin posted a press release Idaho Champion Announces Closing of First Tranche Non-Brokered Private Placement in IDAHO CHAMPION GOLD MINES CANADA INC.

Not for distribution to the United States Newswire Services or for dissemination in the United States

TORONTO, ON / ACCESSWIRE / February 14, 2020 / Idaho Champion Gold Mines Canada Inc. (CSE:ITKO) ("Champion" or the "Company"), a discovery-focused gold exploration company, announces that it has closed the first tranche of the private placement offering announced on January 13, 2020. As part of the closing of this first tranche, the Company issued 6,767,093 units for gross proceeds of $541,367. The Company paid a cash finders' fee of $10,240 and issued 178,000 finders' warrants.


On January 13, 2020, Champion announced a non-brokered private placement of up to 12,500,000 units at a price of $0.08 per unit for gross proceeds of up to $1,000,000. Each unit consists of one (1) common share and one (1) non-transferrable purchase warrant (a "Warrant"). Each Warrant will entitle the holder to purchase one additional common share at a price of $0.15 for a period of 60 months from date of the issue.


Directors and Officers participated in this financing for an aggregate of $229,670, representing 2,870,870 units.


The proceeds of the financing will be used for funding an exploration program at the Baner Gold and Champagne Projects in Idaho, USA and for general working capital purposes.


This financing is subject to regulatory approval and all securities to be issued pursuant to the financing are subject to a four-month hold period under applicable Canadian securities laws. The Company may pay finders' fees consisting of 8% cash and 8% non-transferable warrants in connection with the financing, subject to compliance with the policy of the Canadian Securities Exchange (the "CSE"). Completion of the private placement and payment of any finders' fees remain subject to the receipt of all necessary regulatory approvals, including the approval of the CSE.


Baner Gold Project


The Baner Gold Project is located near Elk City, Idaho County, Idaho. In 2018 Idaho Champion made a gold discovery at the Baner Creek project with near-surface oxide gold mineralization in drilling over a 500-meter strike length. During 2020, the Company anticipates continued exploration on the Baner Gold project.


The Baner Project is located within the Orogrande shear zone (OSZ), a 20-kilometer-long and up to 1-kilometer wide regional shear zone located in Central Idaho. The OSZ resembles a series of grabens composed of metamorphosed Proterozoic belt sedimentary rocks, Cretaceous Idaho batholith intruded by Tertiary rhyolites and dacitic dikes. The BC claim block covers a series of parallel shear zones on the eastern margin of the OSZ. Hydrothermal alteration is spatially associated with the OSZ and consists of silicification, seritization, and chloritization. Mineralization is hosted by three types of broadly defined deposit types; Tertiary epithermal deposits, Cretaceous intrusive related gold systems and orogenic shear zone deposits hosted within the batholith. Mineralization includes disseminated low-grade precious metal mineralization in associated stockwork veins, hydraulic breccias and extensive widespread alteration; high-grade gold associated with discreet structurally controlled quartz veins and silicified zones.


The Baner/Sally Project is in the central Idaho Gold Belt, 8 km south of the of Elk City, Idaho. The Elk City is a historic gold mining region dating back to the 1860s and once supported more than 20 underground mines and extensive placer operations. During the 1930's there were three cyanide gold mills along Crooked River processing open pit and underground sulfide ore. Exploration in the district during the 1980's and 1990's included Cypress-Amax, Kinross Gold, and Bema Gold primarily focused on near-surface bulk-tonnage gold potential. Premium Exploration conducted extensive drilling, soil sampling, and airborne and surface geophysics in the 2010 era. Currently, a Finnish gold producer, Endomines is developing the Friday project at Orogrande into an underground gold operation and is constructing a gold processing mill.


ABOUT IDAHO CHAMPION


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". 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 we operate. Idaho Champion takes our social license seriously and employ local community members and services in our operations.


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


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/576566/Idaho-Champion-Announces-Closing-of-First-Tranche-Non-Brokered-Private-Placement

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8020 Admin

2 months ago

8020 Admin posted a press release Idaho Champion Announces Non-Brokered Private Placement up to $1.0 million in IDAHO CHAMPION GOLD MINES CANADA INC.


NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

TORONTO, Jan. 13, 2020 (GLOBE NEWSWIRE) -- Idaho Champion Gold Mines Canada Inc. (CSE: ITKO) (“Champion” or the "Company"), a discovery-focused gold exploration company, announces a non-brokered private placement of up to 12,500,000 units at a price of $0.08 per unit for a gross proceeds of up to $1,000,000 (the “Financing”).


Each unit will consist of one (1) common share and one (1) non-transferrable purchase warrant (a “Warrant”). Each Warrant will entitle the holder to purchase one additional common share at a price of $0.15 for a period of 60 months from date of the issue.


This financing is subject to regulatory approval and all securities to be issued pursuant to the financing are subject to a four-month hold period under applicable Canadian securities laws. The Company may pay finders’ fees consisting of 8% cash and 8% non-transferable warrants in connection with the financing, subject to compliance with the policy of the Canadian Securities Exchange (the “CSE”). Completion of the private placement and payment of any finders’ fees remain subject to the receipt of all necessary regulatory approvals, including the approval of the CSE. 


The proceeds of the financing will be used for funding an exploration program at the Baner Gold and Champagne Projects in Idaho, USA and for general working capital purposes.


Baner Gold Project


The Baner Gold Project is located near Elk City, Idaho County, Idaho.  In 2018 Idaho Champion made a gold discovery at the Baner Creek project with near surface oxide gold mineralization in drilling over a 500-meter strike length.  During 2020, the Company anticipates continued exploration on the Baner Gold project. 


The Baner Project is located within the Orogrande shear zone (OSZ), a 20-kilometer-long and up to 1-kilometer wide regional shear zone located in Central Idaho.  The OSZ resembles a series of grabens composed of metamorphosed Proterozoic belt sedimentary rocks, Cretaceous Idaho batholith intruded by Tertiary rhyolites and dacitic dikes.  The BC claim block covers a series of parallel shear zones on the eastern margin of the OSZ. Hydrothermal alteration is spatially associated with the OSZ and consists of silicification, seritization, and chloritization. Mineralization is hosted by three types of broadly defined deposit types; Tertiary epithermal deposits, Cretaceous intrusive related gold systems and orogenic shear zone deposits hosted within the batholith. Mineralization includes disseminated low-grade precious metal mineralization in associated stockwork veins, hydraulic breccias and extensive widespread alteration; high-grade gold associated with discreet structurally controlled quartz veins and silicified zones.


The Baner/Sally Project is in the central Idaho Gold Belt, 8 km south of the of Elk City, Idaho. The Elk City is an historic gold mining region dating back to the 1860s and once supported more than 20 underground mines and extensive placer operations.  During the 1930’s there were three cyanide gold mills along Crooked River processing open pit and underground sulfide ore.  Exploration in the district during the 1980’s and 1990’s included Cypress-Amax, Kinross Gold, and Bema Gold primarily focused on near-surface bulk-tonnage gold potential.  Premium Exploration conducted extensive drilling, soil sampling, and airborne and surface geophysics in the 2010 era.  Currently a Finnish gold producer, Endomines is developing the Friday project at Orogrande into an underground gold operation and is constructing a gold processing mill.

ABOUT IDAHO CHAMPION

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”. 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 we operate. Idaho Champion takes our social license seriously and employ local community members and services in our operations.

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


This News Release includes certain “forward-looking statements” which are not comprised of historical facts. Forward-looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management’s expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, the Company’s objectives, goals or future plans, statements, exploration results, potential mineralization, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to failure to identify mineral resources, failure to convert estimated mineral resources to reserves, the inability to complete a feasibility study which recommends a production decision, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital, operating and reclamation costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company’s public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.


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