Champagne Project

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The Champagne Opportunity – 26 sq. Kilometre Property Package

The Champagne Mine* was operated by Bema Gold as a heap leach operation on an epithermal gold-silver system that occurs in volcanic rocks. Bema Gold drilled 72 shallow reverse circulation holes on the project, which complement drilling and trenching from other previous operators. The property has had no deep drilling or significant modern exploration since the mine closure in early 1992. The Champagne Deposit contains epigenetic style gold and silver mineralization that occurs in strongly altered Tertiary volcanic tuffs and flows of acid to intermediate composition. Champagne has a near surface cap of gold-silver mineralization emplaced by deep-seated structures that acted as conduits for precious metal rich hydrothermal fluids. Higher grade zones in the Champagne Deposit appear to be related to such feeder zones.

*The Company cautions that the information about the past-producing mine may not be indicative of mineralization on Champion’s property, and if mineralization does occur, that it will occur in sufficient quantity or grade that would result in an economic extraction scenario. The historic data were simply used to evaluate the prospective nature of the property. The Company has not yet conducted sufficient exploration to ascertain if a mineral resource is present on the property.

Project Highlights

  • Past producing oxide gold project.
  • Bema Gold had the property in production from 1990-93 (Heap Leach Gold Mine).
  • Champion purchased five patented lode mining claims and one patented mill site in April 2020. The patented claims include the historically mined open pit.
  • Patented area historical resource*of 2.8M tons of 1.2 g/t AuEq that was developed from over 100 RC drill holes and 1,500 trench channel samples.
  • Property package contains 26 sq. km with a large number of historic mines, veins, adits and artisanal pits discovered on the property ⎯ great exploration potential.
  • IP geophysics identified larger and deeply rooted anomaly and priority 2021 exploration target.

Exploration Completed (2020 & 2021)

  • ~7,200 metres of RC and Core Drilling across previously mined pits and high-priority IP anomaly to the west.
  • ~30 line-kilometres of IP Resistivity surveys.

Patented Claims

  • Strong IP responses defined over more than 2 km of strike and associated with anomalies in rock and soil sampling.
  • Shallow anomalies in chargeability and resistivity explain the veins and breccias encountered in Champagne RC drilling and historic mining at the Mine Hill area.
  • A new geophysical model reveals a detachment structure connecting the Mine Hill mineralization to a larger and more deeply rooted anomaly to the northwest.