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Golden Rapture Mining Corporation (GLDRF; CSE: GLDR) reports developments tied to gold exploration projects in northwestern Ontario. The company is engaged in the acquisition, exploration and development of gold assets, including the Phillips Township Gold Project, Bully Boy Mine, Hutchison Mine and Northern Queen Mine Property.
Company updates commonly cover surface sampling, drone magnetic surveys, claim staking, project land packages and exploration results at the Phillips Township and Northern Queen areas. Golden Rapture also reports project-level agreements, including earn-in and joint venture arrangements, and capital actions such as flow-through and non-flow-through unit financings with warrants used for exploration spending and corporate costs.
Idaho Champion Gold Mines has reported the results of its first two drill holes at the Champagne Gold Project in Idaho. The drill holes encountered significant mineralization, including 1,380 g/t Ag, 9.8% Cu, 17.45% Pb, and 13.5% Zn. The findings suggest a potential deeper porphyry copper system influencing the mineralization. The exploration program aims to test extensive geophysical anomalies, covering a 2 km by 2 km area. CEO Jonathan Buick expressed optimism about the mineral system's potential, citing the discovery of high-grade veins and broader geochemical anomalies.
Idaho Champion Gold Mines has successfully completed its 2021 exploration program at the Champagne Gold Project, located in Idaho. The program included 10 diamond core holes totaling 3,432 metres, focused on the St. Louis-Reliance Corridor's induced polarization (IP) anomaly. Additional IP lines were established, extending coverage by 7,800 metres. CEO Jonathan Buick expressed optimism regarding the mineralization encountered, suggesting potential for high-grade mineralization and a deeper porphyry system. Analytical results are anticipated soon, which could enhance the company's growth prospects.
Idaho Champion Gold Mines Canada Inc. (OTCQB: GLDRF) has reported significant advancements in its 2021 exploration program at the Champagne Gold Project in Idaho. The recent core drilling has identified a new mineralized corridor approximately 800 meters long and 300 meters wide, with drill cores from several holes indicating the presence of sulfide and sulfosalt mineralization. Assays are pending, but preliminary analysis suggests enrichment in silver, lead, zinc, and copper.
The Champagne project aims to uncover deeper mineral resources, following historical drilling that has not occurred since 1992.
Idaho Champion Gold Mines Canada Inc (OTCQB:GLDRF) has successfully closed the final tranche of its oversubscribed private placement offering, originally announced on May 25, 2021. The recent tranche raised $165,250 by issuing 1,101,666 units, contributing to total proceeds of $1,666,000. Each unit includes a common share and a non-transferable purchase warrant, priced at $0.15, with warrants exercisable at $0.25. Funds will support exploration at the Champagne Gold Project in Idaho and general working capital. All securities are subject to a four-month hold period.
Idaho Champion Gold Mines has completed the second tranche of its private placement announced on May 25, 2021, raising $796,850 by issuing 5,312,333 units. Each unit comprises one common share and a warrant for an additional share at $0.25 for up to 48 months. The financing aims to fund exploration at the Champagne Gold Project in Idaho and for general working capital. The offering is subject to regulatory approval, with a hold period for securities and finders' fees paid.
Idaho Champion Gold Mines (CSE: ITKO, OTCQB: GLDRF) announced the receipt of a Drill Permit from the Bureau of Land Management for its Champagne Gold Project in Idaho. This permit allows for nine drill pad locations aimed at testing geological anomalies. Chief Geologist Rob Kell highlighted the robust data from past explorations, indicating potential for high-grade gold-silver and copper-silver mineralization. The project has historical significance, having been previously operated by Bema Gold.
Idaho Champion Gold Mines has initiated a planned drill program at its Champagne Gold Project in Idaho, as part of its efforts to explore a large geophysical anomaly. The company signed a contract for an 8,000 metre exploration drilling program, with the first hole already in progress. This drill program aims to evaluate the potential for mineralization in the region, leveraging previous drilling data by Bema Gold and others, which indicated promising conditions. CEO Jonathan Buick expressed optimism about encountering mineralization during this exploration phase.
Idaho Champion Gold Mines (CSE:ITKO, OTCQB:GLDRF) has entered a binding Property Lease and Option Agreement to lease and potentially acquire 100% interest in the Champagne Summit Ranch, totaling 240 acres, enhancing its Champagne Gold Project in Idaho. The lease agreement spans five years, with total payments of US$240,000 and 500,000 common shares. The acquisition is expected to improve access and infrastructure, supporting the company’s 2021 drilling program and exploration efforts on the IP anomaly.
Idaho Champion Gold Mines (OTCQB: GLDRF) has successfully closed the first tranche of its private placement, issuing 4,686,664 units for gross proceeds of $703,000. The offering, initially announced on May 25, 2021, has a target of 10,000,000 units for up to $1,500,000. Each unit consists of one common share and a warrant redeemable at $0.25 for 48 months. The funds raised will support exploration at the Champagne Gold Project in Idaho and general working capital. All securities will be subject to a four-month hold period.
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