Idaho Champion Gold Mines Canada Inc.

Featured Company / Idaho Champion Gold Mines Canada Inc.

When it comes to gold rushes, Klondike and California are some of the first that spring to mind in North America. While changing the face of the country, they weren’t alone. In fact, in between those two, the story goes that there was so much gold on the ground in the Boise Basin in Idaho, that it could be picked up in fistfuls. The rush to the Boise Basin that made Idaho City the most populous in the Northwest in the 1860’s happened after prospectors had already flocked the state about two years earlier for a gold rush to the north in Pierce, Idaho.

It’s starting to feel like the 1860’s again.

There’s a gold renaissance in the state that Fraser Institute named the 9th best mining jurisdiction in the world for 2020. To that end, Idaho has attracted domestic and international companies that are re-visiting past-producing mines and looking for new nearby discoveries. A good example of this is Sweden’s Endomines, which in 2017 acquired upstart TVL Gold and its Idaho projects now known to host over 500,000 ounces of gold. In April 2020, Endomines began commercial production at its Friday Gold Project south of Elk City. In 2019, Barrick Gold (NYSE:GOLD) (TSX:ABX), the world’s biggest gold miner, increased its stake in Perpetua Resources Corp. (NASDAQ:PPTA) (TSX:PPTA), then called Midas Gold, to 19.6% to help advance the Perpetua’s Stibnite Gold Project in north-central Idaho.

Small companies are thriving on opportunities in Idaho too. Drilling by Revival Gold (TSX-Venture:RVG) (OTCQX:RVLGF) at the past-producing Beartrack-Arnett Gold Project recently cut, amongst other finds, 2.67 grams per ton (g/t) gold over 84.6 meters, including 11.79 g/t gold over 2.5 meters and 5.36 g/t gold over 5.8 meters. Revival is breathing life back into a mine that produced about 100,000 ounce a year in the 1990’s but was shuttered in 2000 when gold prices sunk under $300 per ounce.

An up-and-comer in the state is Idaho Champion Gold Mines Canada Inc. (CSE:ITKO) (OTCQB:GLDRF), or Idaho Champ for short, whose gold properties have both roots in the past and eyes on the future. The company’s Champagne asset in Butte County near Arco is a past-producing oxide gold project, while its Baner property minutes from Endomine’s Friday project is a new discovery in a fairway of gold deposits.

Furthermore, Champion owns four cobalt properties in Lemhi County in Idaho’s copper belt. While gold is the initial focus, cobalt is touted as a valuable commodity considering the U.S. has no domestic production and high demand for sustainable, ethical supply of the metal for use in electric vehicles.

Idaho Champion is appropriately named, and this cannot go overlooked for investors interested in the ethos of an organization. The company aims to not only be a leading miner in the state; it also makes it pointedly clear that it is a responsible environmental steward, stakeholder and contributing citizen to the local communities where it operates. The passion for ESG (environmental, social and governance) mining practices and delivering a positive generational impact to the locals is evident in this video featuring ITKO CEO Jonathan Buick and Director/Geologist Greg Schifrin.

Raise a Glass

The Champagne project consists of 26 square kilometers of land hosting a large number of historic mines, veins, adits and artisanal pits, including a heap leach gold mine (Mine Hill) of Bema Gold produced from 1990-1993. Over 100 Reverse Circulation (RC) drill holes and 1500 trench channel samples undergirded a historical (non-43-101 compliant) resource of 2.3 million tons of 1.2 g/t gold equivalent (AuEq) that Idaho Champ used as its exploration thesis.

After acquiring the five patented lode mining claims and one patented mill site in April 2020, Idaho Champ completed 3,800 meters of RC and core drilling as part of a 2020 exploration program at Champagne. Drilling intersected oxide gold and silver mineralization found in volcanic breccias below and adjacent to the historic gold pits, some from near surface up to 200 meters in depth.

Further, the Company just put out an update on drilling at Champagne after the market close today (Sept 14th, 2021). In the update, drill holes DDH-CC-21-02, 03, and 06 intercepted a corridor of moderately to strongly altered andesitic volcanics and tuffaceous rocks, dominantly clay- and/or quartz-sericite-pyrite (QSP) alteration.

In total, this corridor of alteration, veining, and brecciation extends for over 800m in a north-south direction and is up to 300m wide.

While assays are pending, semi-quantitative analysis by field-portable X-ray fluorescence (XRF) indicated that the veins are enriched in silver, lead, zinc, and copper.

The “blue sky” potential of the property is starting to be realized thanks to drilling and Induced Polarization (IP) geophysics discovering a large, deep anomaly west of the previously mined pits that led to identifying priority exploration targets now getting drilled. The latest discovery consists of more than two kilometers of strike and a structure that connects the Mine Hill mineralization to a deeper anomaly.

The mining adage goes, “value is built in the drill bit” and this is certainly true for Idaho Champ in the coming weeks and months. In July, a drill program began that will test 8,000 meters of the high-priority targets to better understand the new discovery. Buick says he has “high expectations of encountering mineralization” as they explore the roots of Champagne’s mineralization system.

Appreciation of the Discovery Phase

The new drilling raises an important point about miners and the growth cycle. The image below provides clarity on the cyclical nature of explorers as they become miners. There are definitive inflection points that lead into higher valuations, including advancing into the discovery stage, which is where Idaho Champ is currently.

With the drilling program designed to delineate new resources, Idaho Champ has plenty of runway for growth from its current market capitalization of C$11.2 million (US$8.95 million) should the drilling results show rich gold and silver mineralization. Investors should be looking ahead to assay results later this quarter or early in Q4.

 

New Gold: Baner

Idaho Gold’s Baner project consists of 227 claims totaling 1,829 hectares of land located in the middle of the Orogrande Shear Zone which hosts a number of gold deposits, including (but not limited to) the Friday Gold Project located 5 miles south of Baner. Notably, Baner is about 70 miles south of Pierce, Idaho, which set off the Idaho gold mining rush 160 years ago. As it happened, the Crooked River just north of Baner yielded about 1.5 million alluvial ounces in between 1880 and 1910.

The project is part of a re-emerging gold hub as part of the Elk City Fracture Zone in the Elk City Gold district. Other projects in the fairway of discoveries include Ericson Gold Deposit, Buffalo Gulch and South Buffalo Gulch Gold Deposits and Deadwood Gold Deposit.

Idaho Champ made the discovery at Baner in 2018. A 19-hole, 5,000-meter drill program defined a strike 500 meters north-south by 200 meters east-west at the project. A core drilling program has been completed in 2021 totaling 2,200 meters across 11 holes that extended the mineralized zone. Oxide and sulfide intersects assayed up to 6.41 g/t gold (1.0 meter) and 12.90 g/t gold (0.3 meters), respectively.

Owing to highly oxidized mineralization beginning at surface, it is theorized that Baner has potential to be an open pit mine.

Most Exciting Targets Kell’s Ever Seen

As aforementioned, ITKO is embarking on a phase of value creation with, in the words of Chief Geologist Rob Kell, “a rigorous modern systematic approach to exploration.” The company is optimistic that its properties can host “multi-million” ounces of gold. Kell came on board in March and recently called the drill targets at Champagne some of the most exciting he’s seen in his career. That’s saying something considering Kell has over 41 years’ experience at mining giants like South American Mining and Exploration Corp. (SAMEX Mining), Arbor-Wealth, BHP Minerals, Homestake Exploration, Newmont Mining, and Anaconda Minerals Company.

Kell joined a management team that has plenty of skin in the game, controlling over 30 percent of the company’s stock. High insider holdings means that the management is generally more sensitive to dilution, which shareholders appreciate. To that point, ITKO recently raise about $1.67 million at $0.15 per unit (one common share and one warrant to buy another share at $0.25 within 48 months) which included participation from members of management and the board, positioning the company as fully funded for 2021. Representative of the appetite to be part of the company, the raise at $0.15 was a premium to the price of the stock at the closing of the placement, which suggests that the retail market simply hasn’t caught up to the value of ITKO yet.

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Corporate Snapshot:
Idaho Champion Gold Mines Canada Inc.
Stock Symbol: ITKO
Stock Exchange: CSE
Sector: Natural Resources
52 Week High: $0.3000
52 Week Low: $0.0950

Current Stock Quote / Chart / News: Click here

Information as of September 14, 2021

When it comes to gold rushes, Klondike and California are some of the first that spring to mind in North America. While changing the face of the country, they weren’t alone. In fact, in between those two, the story goes that there was so much gold on the ground in the Boise Basin in Idaho, that it could be picked up in fistfuls. The rush to the Boise Basin that made Idaho City the most populous in the Northwest in the 1860’s happened after prospectors had already flocked the state about two years earlier for a gold rush to the north in Pierce, Idaho.

It’s starting to feel like the 1860’s again.

There’s a gold renaissance in the state that Fraser Institute named the 9th best mining jurisdiction in the world for 2020. To that end, Idaho has attracted domestic and international companies that are re-visiting past-producing mines and looking for new nearby discoveries. A good example of this is Sweden’s Endomines, which in 2017 acquired upstart TVL Gold and its Idaho projects now known to host over 500,000 ounces of gold. In April 2020, Endomines began commercial production at its Friday Gold Project south of Elk City. In 2019, Barrick Gold (NYSE:GOLD) (TSX:ABX), the world’s biggest gold miner, increased its stake in Perpetua Resources Corp. (NASDAQ:PPTA) (TSX:PPTA), then called Midas Gold, to 19.6% to help advance the Perpetua’s Stibnite Gold Project in north-central Idaho.

Small companies are thriving on opportunities in Idaho too. Drilling by Revival Gold (TSX-Venture:RVG) (OTCQX:RVLGF) at the past-producing Beartrack-Arnett Gold Project recently cut, amongst other finds, 2.67 grams per ton (g/t) gold over 84.6 meters, including 11.79 g/t gold over 2.5 meters and 5.36 g/t gold over 5.8 meters. Revival is breathing life back into a mine that produced about 100,000 ounce a year in the 1990’s but was shuttered in 2000 when gold prices sunk under $300 per ounce.

An up-and-comer in the state is Idaho Champion Gold Mines Canada Inc. (CSE:ITKO) (OTCQB:GLDRF), or Idaho Champ for short, whose gold properties have both roots in the past and eyes on the future. The company’s Champagne asset in Butte County near Arco is a past-producing oxide gold project, while its Baner property minutes from Endomine’s Friday project is a new discovery in a fairway of gold deposits.

Furthermore, Champion owns four cobalt properties in Lemhi County in Idaho’s copper belt. While gold is the initial focus, cobalt is touted as a valuable commodity considering the U.S. has no domestic production and high demand for sustainable, ethical supply of the metal for use in electric vehicles.

Idaho Champion is appropriately named, and this cannot go overlooked for investors interested in the ethos of an organization. The company aims to not only be a leading miner in the state; it also makes it pointedly clear that it is a responsible environmental steward, stakeholder and contributing citizen to the local communities where it operates. The passion for ESG (environmental, social and governance) mining practices and delivering a positive generational impact to the locals is evident in this video featuring ITKO CEO Jonathan Buick and Director/Geologist Greg Schifrin.

Raise a Glass

The Champagne project consists of 26 square kilometers of land hosting a large number of historic mines, veins, adits and artisanal pits, including a heap leach gold mine (Mine Hill) of Bema Gold produced from 1990-1993. Over 100 Reverse Circulation (RC) drill holes and 1500 trench channel samples undergirded a historical (non-43-101 compliant) resource of 2.3 million tons of 1.2 g/t gold equivalent (AuEq) that Idaho Champ used as its exploration thesis.

After acquiring the five patented lode mining claims and one patented mill site in April 2020, Idaho Champ completed 3,800 meters of RC and core drilling as part of a 2020 exploration program at Champagne. Drilling intersected oxide gold and silver mineralization found in volcanic breccias below and adjacent to the historic gold pits, some from near surface up to 200 meters in depth.

Further, the Company just put out an update on drilling at Champagne after the market close today (Sept 14th, 2021). In the update, drill holes DDH-CC-21-02, 03, and 06 intercepted a corridor of moderately to strongly altered andesitic volcanics and tuffaceous rocks, dominantly clay- and/or quartz-sericite-pyrite (QSP) alteration.

In total, this corridor of alteration, veining, and brecciation extends for over 800m in a north-south direction and is up to 300m wide.

While assays are pending, semi-quantitative analysis by field-portable X-ray fluorescence (XRF) indicated that the veins are enriched in silver, lead, zinc, and copper.

The “blue sky” potential of the property is starting to be realized thanks to drilling and Induced Polarization (IP) geophysics discovering a large, deep anomaly west of the previously mined pits that led to identifying priority exploration targets now getting drilled. The latest discovery consists of more than two kilometers of strike and a structure that connects the Mine Hill mineralization to a deeper anomaly.

The mining adage goes, “value is built in the drill bit” and this is certainly true for Idaho Champ in the coming weeks and months. In July, a drill program began that will test 8,000 meters of the high-priority targets to better understand the new discovery. Buick says he has “high expectations of encountering mineralization” as they explore the roots of Champagne’s mineralization system.

Appreciation of the Discovery Phase

The new drilling raises an important point about miners and the growth cycle. The image below provides clarity on the cyclical nature of explorers as they become miners. There are definitive inflection points that lead into higher valuations, including advancing into the discovery stage, which is where Idaho Champ is currently.

With the drilling program designed to delineate new resources, Idaho Champ has plenty of runway for growth from its current market capitalization of C$11.2 million (US$8.95 million) should the drilling results show rich gold and silver mineralization. Investors should be looking ahead to assay results later this quarter or early in Q4.

 

New Gold: Baner

Idaho Gold’s Baner project consists of 227 claims totaling 1,829 hectares of land located in the middle of the Orogrande Shear Zone which hosts a number of gold deposits, including (but not limited to) the Friday Gold Project located 5 miles south of Baner. Notably, Baner is about 70 miles south of Pierce, Idaho, which set off the Idaho gold mining rush 160 years ago. As it happened, the Crooked River just north of Baner yielded about 1.5 million alluvial ounces in between 1880 and 1910.

The project is part of a re-emerging gold hub as part of the Elk City Fracture Zone in the Elk City Gold district. Other projects in the fairway of discoveries include Ericson Gold Deposit, Buffalo Gulch and South Buffalo Gulch Gold Deposits and Deadwood Gold Deposit.

Idaho Champ made the discovery at Baner in 2018. A 19-hole, 5,000-meter drill program defined a strike 500 meters north-south by 200 meters east-west at the project. A core drilling program has been completed in 2021 totaling 2,200 meters across 11 holes that extended the mineralized zone. Oxide and sulfide intersects assayed up to 6.41 g/t gold (1.0 meter) and 12.90 g/t gold (0.3 meters), respectively.

Owing to highly oxidized mineralization beginning at surface, it is theorized that Baner has potential to be an open pit mine.

Most Exciting Targets Kell’s Ever Seen

As aforementioned, ITKO is embarking on a phase of value creation with, in the words of Chief Geologist Rob Kell, “a rigorous modern systematic approach to exploration.” The company is optimistic that its properties can host “multi-million” ounces of gold. Kell came on board in March and recently called the drill targets at Champagne some of the most exciting he’s seen in his career. That’s saying something considering Kell has over 41 years’ experience at mining giants like South American Mining and Exploration Corp. (SAMEX Mining), Arbor-Wealth, BHP Minerals, Homestake Exploration, Newmont Mining, and Anaconda Minerals Company.

Kell joined a management team that has plenty of skin in the game, controlling over 30 percent of the company’s stock. High insider holdings means that the management is generally more sensitive to dilution, which shareholders appreciate. To that point, ITKO recently raise about $1.67 million at $0.15 per unit (one common share and one warrant to buy another share at $0.25 within 48 months) which included participation from members of management and the board, positioning the company as fully funded for 2021. Representative of the appetite to be part of the company, the raise at $0.15 was a premium to the price of the stock at the closing of the placement, which suggests that the retail market simply hasn’t caught up to the value of ITKO yet.

About AllPennyStocks.com:

AllPennyStocks.com Media, Inc., founded in 1999, is one of North America’s largest and most comprehensive small-cap / penny stock financial portals. With Canadian and U.S. focused penny stock features and content, the site offers information for novice investors to expert traders. Outside of the countless free content available to visitors, AllPennyStocks.com Pro (premium service) caters to traders looking for that trading edge by offering monthly stock picks, daily penny stock to watch trade ideas, market commentary and more.

As a result of its commitment to journalistic excellence and abundance of information in a particular area of equity investing (micro-cap investing) where there aren’t many credible sources of information, AllPennyStocks.com continues to have one of the largest audiences of micro-cap investors on the internet.


Forward Looking Statements

This report includes forward-looking statements that reflect current expectations about its future results, performance, prospects and opportunities. Idaho Champion Gold Mines Canada Inc. has tried to identify these forward-looking statements by using words and phrases such as "may," "will," "expects," "anticipates," "believes," "intends," "estimates," "plan," "should," "typical," "preliminary," "we are confident" or similar expressions. These forward-looking statements are based on information currently available and are subject to a number of risks, uncertainties and other factors that could cause Idaho Champion Gold Mines Canada Inc.'s actual results, performance, prospects or opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. These risks, uncertainties and other factors include, without limitation, the Company's growth expectations and ongoing funding requirements, and specifically, the Company's growth prospects with scalable customers, and those outlined above. Other risks include the Company's limited operating history, the Company's history of operating losses, consumers' acceptance, the Company's use of licensed technologies, risk of increased competition, the potential need for additional financing, the terms and conditions of any financing that is consummated, the limited trading market for the Company's securities, the possible volatility of the Company's stock price, the concentration of ownership, and the potential fluctuation in the Company's operating results.

Disclaimer

AllPennyStocks.com feature stock reports are intended to be stock ideas, NOT recommendations. Please do your own research before investing. It is crucial that you at least look at current SEC filings and read the latest press releases. Information contained in this report was extracted from current documents filed with the SEC, the company web site and other publicly available sources deemed reliable. For more information see our disclaimer section, a link of which can be found on our web site. This document contains forward-looking statements, particularly as related to the business plans of the Company, within the meaning of Section 27A of the Securities Act of 1933 and Sections 21E of the Securities Exchange Act of 1934, and are subject to the safe harbor created by these sections. Actual results may differ materially from the Company's expectations and estimates. This is an advertisement for Idaho Champion Gold Mines Canada Inc. The purpose of this advertisement, like any advertising, is to provide coverage and awareness for the company. The information provided in this advertisement is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation or which would subject us to any registration requirement within such jurisdiction or country.

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