Field Program Commences At Twin Peaks Cobalt Project

TORONTO - Champion Electric Metals Inc. 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," said 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.