Idaho Champion Completes 2021 IP Survey, Outlining Significant Anomaly Covering Nearly 8 Square Kilometers at Champagne Gold Project

TORONTO, ON / ACCESSWIRE / December 6, 2021 / Idaho Champion Gold Mines Canada Inc. (CSE:ITKO)(OTCQB:GLDRF)(FSE:1QB1) ("Idaho Champion" or the "Company") reports the final results of the 2021 induced polarization/resistivity (IP) geophysical survey at its 100%-controlled Champagne Gold Project ("Champagne") near the city of Arco, Butte County, Idaho.

The Company completed two new IP lines north of the 2020 IP survey (Lines -07 and -08) totalling 7,800 metres (m) and extended the survey coverage west by 1,400 m. The new data identify continuation of the previously reported chargeability anomalies to the north and west. As a result, Idaho Champion has now mapped the St. Louis-Reliance Corridor IP anomaly over an area that is more than 3,000m north-south by 2,500m east-west (See Figure 1).

Idaho Champion's Chief Geologist Robert Kell commented: "Our expanded IP program has better defined the footprint of this huge IP chargeability feature at the Champagne Project. 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. 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."

IP Program Summary

The completed IP lines outline a large chargeable volume covering nearly eight square kilometers, including a long axis of 2,400m parallel to the strike direction of the drill-indicated vein system. The IP chargeability can be shown in three dimensions to support the interpreted detachment of the Mine Hill mineralization from the underlying root zone to the north. The updated longitudinal section through the St. Louis - Reliance Corridor with a preliminary interpretation of metal zoning shows a central uplift approaching a kilometer in length (Figure 2). The fault geometry is complex and the Company's understanding of it is evolving, but there are at least three target areas warranting more work.