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)
  • 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

Patented Claims

  • Strong IP responses defined over more than 2 kms of strike and associated with anomalies in rick and soil sampling.
  • Shallow anomalies in chargeability and resistivity explain the veins and breccias encountered in Champagne RC drilling and historic mining at 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.

2020 Exploration Drilling

RC Drilling

  • RC Drill Holes totaling 936.2 metres focused in and around historic open pits on the patented mining claims
  • Key Focus: test historic open pits for near-surface oxide gold and silver mineralization.
  • RC Hole CC-05 was drilled from the north pit towards the west and was mineralized from very near-surface down to ~200 metres
  • Oxide gold and silver mineralization found in volcanic breccias below and adjacent to historic pits.
  • Results now forming direction of high priority targets for 2021

Core Drilling

  • 7 Core Drill Holes totaling 2818 metres focused in and around historic open pits on the patented mining claims
  • Key Focus: to test possible correlation of this mineralized core intercept to the Last Chance Breccia Zone known from the historic Moran Tunnel below the South Pit and to the Horn silver Breccia known in the North Pit.
  • Core drilling provided geologic data to better formulate a geologic conceptual model
  • High degree of confidence drilling will lead to additional resources