The Twin Peaks Project comprises 2,761 hectares (6,820 acres) and includes the historical Twin Peaks Copper Mine. The property is at an early stage of exploration, but it is 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.
The Project is situated in Lemhi County, approximately 17.9 miles south-southwest of the city of Salmon. Vehicle access is via Highway 93, twenty-two miles south of Salmon, to the Iron Creek bridge on the Salmon River. From there, one proceeds northwest along the good quality Iron Creek Road to the mouth of Badger Creek, near the edge of the property. A walk of 2.5 miles is required to reach the center of the property. Access to the northern portion of the property is via the Degan Mountain Road, which is located further up Iron Creek. The property lies between 5,500 feet, at the mouth of Badger Creek, and 6,700 feet elevation, in the northwest. The claims cover the south facing, sage brush covered eastern slopes of Degan Mountain. The climate is typified by hot summers and cool to cold winters. Snowfall provides most of the 12 inches of precipitation received by the basin. Several of the small springs on the flank of Degan Mountain keep Badger Creek flowing year-round. The surface exploration season extends from March through November. The outcrops of the deposits were discovered and located in 1927 by Charles Kapp. Mr. Kapp, a cattle rancher nearby, located eight lode claims and 2 millsites. A zone of mineralization, bearing galena and some malachite, parallel to flat dipping (20°) beds, was explored by an inclined winze 120 feet, slope distance. In 1944, the claims were taken under lease by Percy Goodwin of Salmon. A makeshift mill was constructed to concentrate the ore from the inclined winze. Due to financial difficulties, the mill was not operated, and no new development was done.
The Twin Peaks Mine area is currently held 100% by Champion Electric. Reconnaissance mapping and sampling was completed in fall 2022, with 19 samples collected and multiple directions of veining and faulting found extending away from the historical mines that warrant additional work. Outcrops of clastic sedimentary rock dominated the topography, and the newly identified Badger Basin Prospect returned the highest copper grades. Historical prospects were additionally discovered, with metasedimentary rocks which were part of the Belt Supergroup of Precambrian rocks that host significant copper-silver and copper-cobalt deposits that made the Idaho Cobalt Belt famous being found.
A possible southeasterly continuation along the strike of the Iron Creek trend adjacent to the Twin Peaks Project was discovered through principal Survey findings in summer 2023, hosting copper-cobalt mineralization. The 2023 Phase 1 field program examined watersheds and stream sediment sample sites – samples have been collected and submitted to the lab with a desktop study underway on recent findings. Geologic mapping and outcrop rock sampling were commenced and will be continued in Phase 2. The scale of the Twin Peaks Mine base has additionally been investigated, reconnaissance soil lines with samples at 20 m spacing are being considered to define the limits of possible trenching and bedrock sampling both north and south of historical underground mining.