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Champion Electric Metals Inc. - $CHELF STOCK NEWS

Welcome to our dedicated page for Champion Electric Metals news (Ticker: $CHELF), a resource for investors and traders seeking the latest updates and insights on Champion Electric Metals stock.

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Champion Electric Metals, trading under CHELF, has updated its progress on the ongoing field program at its lithium property in James Bay, Quebec. Their spring field program follows a successful winter drilling campaign and includes prospecting, till sampling, boulder prospecting, mapping, trenching, and channel sampling. Recent discoveries include a boulder field containing large spodumene crystals, some up to 30cm in length. Excavators have been deployed for trenching, and samples have been sent to the lab for analysis. The company continues to explore other promising areas on the property.

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16%
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Champion Electric Metals has initiated preparations for a new field program at its Lithium Property in James Bay, Quebec, following a recent discovery. Significant intervals of spodumene crystals and potential lithium mineralization were found in drill holes EIQ24-007 and EIQ24-008. The company plans further prospecting, mapping, geophysics, excavation, and channel sampling in the area. The field program aims to explore the continuation of the pegmatite mineral system. The team will clear overburden, build roads, and continue till sampling along the pegmatite trend. Permits for the next round of drilling have been secured.

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Champion Electric Metals announced a binding letter of intent (LOI) with Prestwick Capital for the Baner Gold Project in Idaho.

Prestwick acquires a 100% interest in Baner Gold Project by making cash payments and issuing securities totaling $950,000, 1.3 million common shares, and warrants for 600,000 shares over 2.5 years.

Prestwick holds an exclusive right to manage the project and must maintain it in good standing.

The transaction is contingent on Prestwick's due diligence, TSX Venture Exchange approval, and meeting Initial Listing Requirements for a Mining Issuer.

Champion Electric shifts focus to lithium and cobalt operations.

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Champion Electric Metals announced its maiden drill program results, intersecting lithium at the Western Prospect on its James Bay, Quebec property. Key findings include 10.0 meters at 0.42% Li2O, with notable intervals such as 3.0 meters at 0.62% Li2O. Another drill hole intersected 1.85 meters at 0.56% Li2O. These results indicate the edge of a mineralized system, which the company aims to explore further. Associated pathfinder elements like tantalum, cesium, niobium, and rubidium were also present. The exploration team has identified two pegmatite corridors, suggesting significant potential for further lithium mineralization.

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Champion Electric Metals Inc. completes maiden exploration drilling at its Lithium Property in James Bay, Quebec, with 10 diamond drill holes totaling 2,263 meters. Significant spodumene-rich pegmatite intersections were found, confirming the presence of lithium mineralization. The drill program focused on the Western Prospect, near advanced projects by Patriot Battery Metals and Winsome Resources. The discovery of spodumene-bearing pegmatites near the surface indicates promising potential for future drilling campaigns.
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Champion Electric Metals Inc. (CHELF) announces the discovery of lithium-mineralized pegmatite during its drill program at the Lithium Property in James Bay, Quebec. The company intercepted approximately 19.1m of spodumene bearing pegmatite beneath the overburden. The mineral system remains open to the north-east, with geologists confirming the presence of spodumene using visual and UV light methods.
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Champion Electric Metals Inc. (CHELF) has commenced its first drill program at its Lithium Property in James Bay, Quebec, focusing on the Western Prospect. The Company intends to complete up to 2,500 meters in this initial drill program after revealing a robust pegmatite target. The drill crews have been mobilized following a gravity survey that showed promising results. Jonathan Buick, President & CEO, expressed confidence in the new blind pegmatite target potentially being the source of pristine spodumene fragments discovered in late 2023.
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Champion Electric Metals Inc. provides an update on till sampling results over its Lithium Property in James Bay, Quebec. Geochemical assays show enriched lithium and significant tourmaline and spodumene dispersion, enhancing prospectivity. Drilling activities at the Western Prospect are set to begin by the end of March.
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Champion Electric Metals Inc. announces a robust pegmatite target identified through a gravity survey near a spodumene discovery in Quebec. Drilling preparations are underway for a 2,000m program to test the target.
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Champion Electric Metals Inc. completes gravity survey on lithium properties in Quebec, prepares for maiden drill program.
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Champion Electric Metals Inc.

OTC:CHELF

CHELF Rankings

CHELF Stock Data

11.39M
210.88M
17.22%
0.59%
Other Precious Metals & Mining
Basic Materials
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