Quebec Lithium Projects

Figure 1: IQ Lithium Projects Location Map

The 100%-owned Quebec Lithium Projects are comprised of the Blanche and Charles Projects, acquired in the fall of 2022, and totaling 317 claims as well as four new acquisitions as of January 2023 totaling 235 claims. Idaho Champion now controls a total of 552 claims covering 283.13 km2 located in the Eeyou Istchee James Bay territory of Quebec, a developing lithium pegmatite district that hosts prospective lithium resources.

The Blanche Project is comprised of 256 claims totaling 130 km2. The project lies within a volcano-sedimentary belt striking East-North-East, present with three units of felsic rocks: hornblende tonalite, granite, and pegmatite dykes.

The Charles Project is comprised of 61 claims totaling 31 km2.
The area is associated with felsic intrusives and iron formations with an East-North-East and West-South-West direction. A number of outcrops are exposed.

In January of 2023, Idaho Champion completed its previously announced work program on its Charles and Blanche Projects, which included high-resolution magnetic, VLF-electromagnetic, radiometric and LiDAR/imagery airborne surveys covering approximately 2,188 line-kilometres. Analysis is currently underway on the data sets, which will provide the Company with geophysical and topographic information and advance understanding of the regional structural interpretation of the prospective lithium pegmatite projects.

Idaho Champion has also engaged and mobilized a Quebec-based consulting geology team to advance prospecting, geological mapping, and sampling programs aimed at prioritizing targets for a second phase of field work in 2023.