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Churchill Resources Inc
Symbol CRI
Shares Issued 191,942,288
Close 2024-08-20 C$ 0.095
Market Cap C$ 18,234,517
Recent Sedar Documents

Churchill Resources stakes 126.75 square km at Taylor

2024-08-21 11:52 ET - News Release

Mr. Paul Sobie reports

CHURCHILL SUBSTANTIALLY INCREASES TAYLOR BROOK NICKEL PROJECT TO CAPTURE NEWLY INTERPRETED PARALLEL MAGMATIC TREND

Churchill Resources Inc. has map staked two new licences contiguous to its Taylor Brook nickel project property in western Newfoundland. The two new licences total 126.75 square kilometres, expanding the total area for the Taylor Brook project to 302.5 square kilometres.

The new area, designated Taylor Brook West, encompasses a parallel magnetic high feature to the Taylor Brook gabbro complex, prioritized by the company's 2023 mobile magnetotelluric (MMT) airborne survey which indicated a very low resistivity response coincident with the magnetic trend. Similar low-resistivity MMT anomalies have been shown to correlate with gabbroic and gabbronoritic magmatic rocks prospective for Ni-Cu-Co (nickel-copper-cobalt) sulphides at the Layden prospect and along the TB magmatic trend, suggesting a much more extensive magmatic intrusive system or complex may be present than was previously thought.

The company has mobilized field crews to TB West for prospecting and soil sampling along the network of logging roads. As well, Dr. Derek Wilton is processing and interpreting historical lithogeochemical data from rock samples collected by Altius Minerals in 1999 and the Geological Survey of Newfoundland and Labrador in 2010 against the company's extensive geochemical database for TB magmatic rocks. The historical rock samples have been variably described as gabbros, metagabbros and amphibolites by the past workers and some exhibit chemical and megascopic similarities to the Layden-Taylor Brook magmatic rocks, suggesting similar nickel-copper-cobalt potential.

Exploration permit applications for airborne (MMT and Heli-GT gradiometer magnetics), as well as follow-up surface work, are being prepared for submittal to the government of Newfoundland and Labrador for explorations approval.

About Churchill Resources Inc.

Churchill Resources is a Canadian exploration company focused on high-grade, magmatic nickel sulphides in Canada, principally at its prospective Taylor Brook and Florence Lake properties in Newfoundland and Labrador.

We seek Safe Harbor.

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