Highly Prospective Mineral Properties in Idaho, USA
This Idaho Champion Gold profile is part of a paid investor education campaign.*
Idaho Champion Gold (CSE:ITKO,OTCQB:GLDRF,FSE:1QB1) is a Canada-based gold exploration company with six highly prospective mineral properties in Idaho, USA. The company’s two flagship projects are moving forward with fully funded drilling programs in Idaho. The political stability and historic success of mining in the region provide excellent support and resources to help the company advance its projects.
Idaho has been known for its mining activities since the 1860s, particularly with the gold rush from 1863 to 1866. This year, the Fraser Institute yearly report has the state ranked 8th best mining jurisdiction in the world and 3rd in North America. The Baner property, located 10 kilometers southwest of Elk City, Idaho, has had numerous gold deposits drilled in the Clearwater River between the 1850s and late 1980s. This historic gold district contains established mines and projects, including Endomines’ Friday mine, as well as additional open pits that have yielded great mineral deposits and have become the site of prolific mining and heightened drilling interest in recent years.
These mineral properties have led to major financing in mining companies over 2019 and 2020 by local and international stakeholders, and to the re-emergence of exploration. This includes Idaho Champion’s two primary projects, the Baner project and Champagne project, as well as their Idaho Cobalt project and other projects led by mining companies like Integra Resources (TSXV:ITR), Revival Gold (TSXV:RVG) and Liberty Gold (TSX:LGD).
Idaho Champion’s top projects operate in safe and stable jurisdictions in Central Idaho. Close proximity to infrastructure, including roads, power and developed towns, has enabled key partnerships with local governing bodies and many employees and consultants who are native to the area and offer decades of expertise on local geology. Idaho Champion’s management team includes Greg Schifrin, a geologist and Idaho native, and Patrick Highsmith, an expert in international mining. These partnerships — along with a strong leadership and capital markets team — have led to many successes for the company.
In 2018, Idaho Champion saw its newest gold discovery with the Baner project. Located in the middle of the Orogrande Shear Zone 3, the Baner project’s drilling program has yielded 19 successfully intercepted holes and has shown million-plus-ounce potential. The property is 100 percent owned with no NSRs, which allows for fast-tracking of permit acquisition and exploration.
The past-producing Champagne project operating out of Butte County, Idaho, has provided a jump start on exploration for Idaho Champion. The property package contains ten square miles of historic mines, veins and artisanal pits from past production by Bema Gold and the Heap Leach Gold Mine from 1990 to 1993. This opens the potential for exploration of “Midas” type deposits, copper mineral assemblage in the Moran Tunnel and historical drilling points in high-grade gold and silver zones. With core drilling data purchased from Kinross (TSX:K) in March 2020, this favorable location has also shown evidence of surface-level high-grade and high-yield gold and has demonstrated overwhelming potential for exploration into 2020. The company is currently drilling up to 5,000 metres with an RC rig and a diamond core rig with assays pending.
In September 2020, a second drill rig was mobilized for core drilling in Champagne, showing promising advancements in the project. Data acquired for the region, such as gold surface sampling, has also demonstrated the geological setting should respond well to IP Geophysics.
The company holds C$8.1 million in cash as of July 2020, which, alongside patented claims and operational properties on private lands, has provided sufficient capital and advantageous positioning for planned exploration programs through to 2021.
Idaho Champion Gold Highlights
- Gold exploration in the re-emerging historic Elk City gold district in Idaho, USA
- The Baner project saw Idaho’s newest gold discovery in 2018 where high-grade gold was discovered to be present near-surface level
- Company projects are located in safe and stable jurisdictions with 100 percent ownership
- Through the Champagne project, Idaho Champion has patented claims for and established exploration plans of past-producing oxide gold drilling sites with historically mined open pits
- The company holds C$8.1 million in cash as of July 2020, which allows for a fully funded drill program focused on the exploration of the company’s properties through 2021
- The Idaho Champion management team holds 30 plus percent of outstanding shares with the rest appealing to the interests of shareholders
Idaho Champion Gold Projects
Idaho Champion remains focused on exploring and extending gold discoveries in the highly prospective mineral properties of Idaho, USA. Known for its mining activities and rich mineral resources, Idaho has been ranked the 8th best mining jurisdiction in the world and 3rd in North America. With historically established mining properties and promising new data on the potential of open pit and surface-level discoveries, Idaho Champion’s two main projects bring larger expected valuations and exciting new exploration.
The Baner project is Idaho Champion’s newest gold discovery. The company holds 227 claims, which total 1,869 hectares of land that is rich in gold deposits, including the Friday gold project located five miles south of Baner. Located in the middle of the Orogrande Shear Zone, 10 kilometers southwest of Elk City, the project utilizes the historic gold mining region that dates back to the 1860s.
In November 2018, a drilling program established 19 new holes total and showed that high-grade gold could be found at the surface. The promising results of this program have demonstrated highly oxidized mineralization. Metallurgical testing done by the company show gold extractions ranging from 87.1 to 93.2 percent, with higher extractions coming from the finer ground material. With gold readily extracted from the sample, exploration has open pit potential.
Beginning in the third quarter of 2020, exploration has been initiated and will include up to 3,000 meters of core drilling of this re-emerging gold district and rapidly growing high-grade gold target.
The Champagne project covers a past-producing oxide gold project out of Butte County, Idaho. This historic region has numerous open pits and several mines, which allows for easier exploration and projected gold discovery.
In April 2020, Idaho Champion purchased five patented lode mining claims and one patented mill site. The property package contains 10 square miles of land that includes historic mines, veins and artisanal pits with excellent exploration potential. With ownership of these patent claims within the Champagne project, the company has been able to fast-track drilling and regional exploration of the historically mined areas.
Likewise, with project data acquired from Kinross in March 2020, past data has revealed untouched high-grade silver and gold at near-surface levels. This includes 2.82 grams per tonne gold below 50 meters and 147.36 grams per tonne silver at depths ranging from 25 to 91 meters. Beginning in August 2020, exploration has shown promising results and the geological setting is projected to respond well to IP Geophysics.
Idaho Champion Gold’s Management Team
Bruce Reid has over 40 years of experience in the mining industry and is the chairman of Idaho Champion Mines. Reid was most recently the chairman, president and CEO of Carlisle Goldfields from January 2010 until January 2016 when the company was purchased by Alamos Gold.
Jonathan Buick—President and CEO
Jonathan Buick is the managing director of Harp Capital and Buick Group. Buick has successfully raised more than C$400 million over his career. He brings over 15 years of business, management and financing experience and has been involved in mergers and acquisitions, restructuring, equity research and corporate finance. Buick has also been involved as an advisor to companies in the resource sector with a focus on base metals, uranium, coal and oil and gas. In his role as advisor, he has been successful in representing clients in the negotiation of joint ventures, strategic partnerships, project finance and direct investment through his extensive set of relationships with Korean corporations and financial institutions.
Paul Fornazzari is currently head of Latin America at Fasken Martineau DuMoulin LLP. He was formerly a partner at Gowlings, co-head of the Mining Group and head of the Corporate Finance and M&A National Practice Group. Advising boards, executive teams, entrepreneurs and investment dealers—Paul acts for domestic and foreign clients in various industries including mining, petroleum, technology, life sciences and financial services.
Greg Schifrin—Director, Manager, and Geologist
Greg Schifrin is a director, manager and geologist with over 35 years of experience as a geologist and manager in the mining and mineral exploration industry, providing technical services and project management for major and junior mining companies. He specializes in precious metals, base metals, rare earth and uranium exploration and development. Schifrin previously held CEO and Director roles at Blackrock Gold. He has worked as a geologist and manager for over 35 years in the mining and mineral exploration industry, where he has been involved in precious metal high-grade vein system, base metal, rare earth and uranium exploration and development. Schifrin has provided technical services and project management on hundreds of projects for major and junior mining companies through his consulting and service company. During his various tenures, Schifrin has been executive management and a board member of numerous junior mining companies where he managed corporate finance, accounting, legal and regulatory requirements, investors, personnel, exploration, geologic evaluation, project development and infrastructure, project generation and land acquisition. Schifrin has a BSc in Geology from the University of Idaho, College of Mines.
Patrick Highsmith has 30 years of international experience in the mining industry, including operational, exploration and business development roles with major companies such as Newmont Mining, BHP, Rio Tinto and Fortescue Metals Group. He also has significant experience in the more entrepreneurial side of the business, co-founding several junior companies and acting as director or senior executive in several others. His junior company pedigree includes Canadian listed companies such as Lithium One, Copper One, Bellhaven Copper & Gold, Pure Energy Minerals and FireFox Gold, for whom he is co-founder and chairman of the board.
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The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with Idaho Champion Gold and seek advice from a qualified investment advisor.