Champion Electric Metals Inc. announced that the Company has completed Phase I of the Twin Peaks Cobalt Project 2023 field program in the heart of the Idaho Cobalt Belt. The Phase 1 field program consisted of stream sediment and outcrop rock sampling in conjunction with geologic mapping. The Company has submitted samples to the ALS Global preparation lab in Twin Falls, ID and will begin a desktop study on recent findings.

The Phase I program consisted of stream sediment and Outcrop rock sampling in conjunction with Geologic mapping. The Company has submit samples to the ALS Global preparation laboratory in Twin Falls, ID and is begin a desktop study on recent results. The 2023 Phase 1 field work also investigated the scale of the Twin Peaks Mine base and precious metals hydrothermal system located in the northeastern portion of the claim block.

Georeferencing of historical underground geological mapping by Landreth (1964) was completed by capturing the GPS coordinates of the portals for Levels 1 and 2 south of Corral Creek. The minimum width and strike dimensions of the hydrothermal system are approximately 350 m and 500 m, respectively. Historical lead-copper-silver-gold production derived from a series of 1-2 m wide and northwest-striking chloritic shear zones within the larger hydrothermal system, which is hosted in the quartzite of the Apple Creek Formation.

Assays are pending for seven samples of variably altered and mineralized rocks from waste dumps. Landreth further described copper prospects located both 1 km north and 1 km south of the Twin Peaks Mine. A dozer trench was completed at the northern prospect prior to 1964.

Champion Electric geologists collected four samples of quartz veining with variable amounts of iron oxides and secondary copper minerals from the trench spoil pile for assay. The southern copper prospect is a 2 m diameter prospect pit identified from orthophotography following completion of Phase I field work; sampling of this occurrence is a priority for the Phase II program in July.