Idaho Champion Gold (CSE: ITKO)'s most important key breakout point is its 200-day moving average of $0.23 per share. On Thursday, ITKO closed up by 21.62% to $0.225 per share and hit a high of day of $0.23 per share (its exact key breakout point/200-day moving average).
This is an exact repeat of what happened when NIA initially suggested ITKO as its #1 favorite gold pick one year ago on April 2, 2020. When NIA initially suggested ITKO one year ago at $0.085 per share, ITKO had a key breakout point and 200-day moving average of $0.11 per share. ITKO closed April 2, 2020 up by 23.53% to $0.105 per share and hit a high of day of $0.11 per share (its exact key breakout point/200-day moving average).
Two trading days later on April 6, 2020, ITKO successfully surpassed its key breakout point/200-day moving average of $0.11 per share and immediately began to explode! ITKO gained for five straight trading days to an April 13, 2020 closing price of $0.21 per share where ITKO was up by 90.9% from its key breakout point! ITKO continued trending higher to reach a new all-time high on May 21, 2020 of $0.44 per share where it had quadrupled since breaking through its 200-day moving average! Gold is currently priced higher than the day ITKO hit its all-time high of $0.44 per share!
In recent weeks, ITKO at its 100% owned Baner Project has successfully increased the gold corridor by more than 400%! ITKO has increased the known north-south footprint of gold mineralization by approximately 1.75 kilometres to approximately 2.25 kilometres! Not only did ITKO extend its main trend further to the north by 150m, but ITKO discovered a brand new parallel gold trend located east of the main trend, while also achieving strong gold intercepts from two drill holes near the far northeast corner of its claim block on its very first attempt at targeting the historical BL Mine!
In addition, ITKO recently completed its maiden drilling program at the company's massive 26 square km Champagne Project! ITKO's reverse-circulation (RC) drill hole CC-05 intercepted an economically significant 35.1m of 0.94 g/t gold equivalent beginning only 13.7m downhole! ITKO's diamond drill hole DDH-CC-20-02 intercepted an economically significant 42.98m of 1.04 g/t gold equivalent beginning 123.14m downhole! One year ago, we had no idea if ITKO would discover any gold at its Champagne Project!
ITKO had very little cash one year ago, but today it has a large cash position and is fully funded for its 2021 drilling programs at both Baner and Champagne!
Idaho has become America's fastest growing state!
It was announced last month that Idaho has displaced Finland to become the world's #1 ranked mining jurisdiction on the Fraser Institute's Policy Perception Index with a perfect score of 100!
ITKO also trades on the U.S. OTCQB under the symbol GLDRF! ITKO and GLDRF have both traded record volume in recent days!
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This message is not a solicitation or recommendation to buy, sell, or hold securities. NIA has received total compensation from ITKO of USD$60,000 cash including USD$30,000 cash for a new six-month marketing contract. This message is meant for informational and educational purposes only and does not provide investment advice.