Champion Electric Metals Inc. has announced that the Company has mobilized its US technical team to the Twin Peaks cobalt project to commence the 2023 field program in the Idaho Cobalt Belt. The campaign will begin with geologic mapping and rock sampling in conjunction with a reconnaissance stream sediment sampling program.
“We intend for this program of stream sediment sampling to provide rapid project-wide geochemical reconnaissance. Contemporaneous geologic mapping and selective rock sampling along drainages will serve as our first systematic traverses across the Twin Peaks property. In addition to cobalt, this rigorous recon program will also map the concentrations of base and precious metals in this fertile belt. Areas for more comprehensive geologic mapping will be prioritized based on observations made along these traverses, in conjunction with results from the just-completed drone-based aeromagnetic survey, and on geochemical results from rock and stream sediment samples. We expect the second phase of prospecting and geologic mapping to begin in July 2023,” commented President and CEO Jonathan Buick.
“Our goals include examining a possible relationship between copper-silver mineralization at the Badger Basin prospect and historical copper-lead-silver-gold mining at the Twin Peaks Mine. Additionally, the potential for Idaho Cobalt Belt-style copper-cobalt mineralization will be examined within the same metasedimentary rock sequence that hosts Electra Battery Materials’ Iron Creek resource located 3 km to the northwest,” he added.
The Twin Peaks Project includes both the historical Twin Peaks copper mine and the Badger Basin prospect (refer to the Idaho Champion Press Release of March 23, 2023). The property is at an early stage of exploration but located approximately 3 kilometres southeast from Electra Battery Metals’ advanced exploration stage Iron Creek Project, which boasts an indicated resource of 4.4 Mt* grading 0.19% cobalt (Co) and 0.73% copper (Cu) and 1.2 Mt* grading 0.08% Co and 1.34% Cu in the inferred category.