Churchill’s Layden Magmatic Ni-Cu Intrusive System at Taylor Brook Readies for Spring Phase 2 Drilling Program
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Churchill’s Layden Magmatic Ni-Cu Intrusive System at Taylor Brook
Readies for Spring Phase 2 Drilling Program
TORONTO, March, 2022 (GLOBE NEWSWIRE) – Churchill Resources Inc. (“Churchill” or the
“Company”) (TSXV: CRI) is pleased to announce that planning and arrangements for its second
phase of drilling and geophysic al surveys at Taylor Brook in western Newfoundland are nearing
completion. Results from the 2021 work continue to support the exploration model of a magmatic
Ni-Cu system on the property outcropping at the Layden Showing and appearing to have
significant scale. In particular:
• Two g rab samples collected at the Layden Showing assayed 4.46%Ni, 1.07%Cu,
0.08%Co plus 0.479ppm PGEs (Pt + Pd + Au) , and 3.69%Ni, 0.57%Cu, 0.11%Co and
0.761ppm PGEs.
• Interpretive processing , including inversions, of the 2021 detailed magnetic and
electromagnetic surveys, along with regional magnetic survey data, suggest that the
mineralized Layden Intrusive may be part of a much larger system with 8-10 kilometres of
strike length.
• Airborne VTEM (Versatile Time -Domain Electromagnetic) survey results , including
anomaly picks, have recently been generated for the Taylor Brook South property which
covers the majority of the interpreted strike length to the postulated Layden Intrusive
system. The VTEM results are being compiled , with conductor plate modelling
commissioned shortly, to define drill targets along the Layden trend.
• Borehole Electromagnetic (“BHEM”) survey results from the 2,500m cumulative length of
Phase 1 drillholes have identified several off-hole, high conductance plates at the Layden
Intrusive in the area of the high-grade showing. These are priority drill targets for massive
or semi-massive sulphide concentrations.
• BHEM conductor plate orientations appear to support field interpretations that there are
several mineralized breccia sequences structurally hosted within the Layden Intrusive ,
ranging from 5-15m wide, and which have thus far demonstrated sulphide contents up to
40% (pyrrhotite-pentlandite-chalcopyrite) locally over 10-20cm.
• Preliminary p etrographic results have confirmed Churchill’s field interpretations that a
discrete intrusive body, consisting of meta-gabbroic to meta -pyroxenitic rock, hosts the
sulphide breccia magmatic system comprising the Layden mineralization, ie. Typical hosts
to this style of magmatic nickel deposits.
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• Geochemical data corroborates the petrographic and field classifications of the lithologies
and mineralization, as the mineralized breccia structures intersected in core exhibit similar
trace element profiles as the high grade, exposed Layden Showing.
• Radiometric age-dating of the Layden intrusives, under the direction of Dr. Derek Wilton ,
defines a Late Grenvillian age (ie. Ca. ~1000Ma), suggesting emplacement during the
very last period of extensive continental margin magmatism marked by intrusion of alkaline
magma of felsic to intermediate, and mafic (anorthosite, troctolite) compositions.
• Assay results have been received for the first hole from the Phase 1 program, TB21 -01,
which had no significant nickel or copper values . The hole is interpreted to not have
sampled one of the mineralized breccia structures due to its vertical orientation , oblique
to the predicted trend. TB21-01, designed to test a flat-lying VTEM conductor at depth to
the east of the Layden Showing, intersected ~90m of weakly mineralized breccia between
101m and 196m downhole, beneath metagabbro cap rocks, before exiting into basement
gneisses.
• Assays for the remaining Phase 1 holes are in-progress and expected later in March and
April; their delay was due to unprecedented demand at the laboratory.
Paul Sobie, Chief Executive Officer of Churchill remarked, “We are well into planning Phase 2
drilling now as more results have been received and integrated into our geological model. All
results continue t o support the model of discrete magmatic intrusive(s) hosting potentially
economic Ni-Cu-Co mineralization which we will aggressively evaluate. With our better
understanding of the geology and mineralization at the Layden Showing area , we will focus on
defining a systematic program to evaluate the proximal strike length of the Layden Intrusive
through drilling, large loop and BHEM surveys. Once the snow is gone, we will institute a regional
program of geochemical sampling and prospect ing over magnetic and EM targets along the
Layden Trend that extends for at least 8-10km on the Taylor Brook South property based on
current interpretations.”
Taylor Brook Project
Churchill’s Phase 1 program consisted of 13 diamond drill holes totalling 2,477m completed
between early October and late November 2021, before a break was scheduled for borehole EM
surveying, and the initiation of geochemical and petrographic studies , as well as completion of
assay results . The thirteen Phase 1 holes served to test several proximal VTEM conductive
plates, as well as to better understand the overall geology of the Layden Intrusive where the
historical mineralization had been found . Figure 1 shows simplified results of that drilling in
relation to the position of both the BHEM and VTEM conductors. In general, it appears that the
VTEM plates are mapping major lithological variations and structures, whereas the higher
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conductance BHEM plates appear to map sulphide concentrations; most BHEM plates have not
yet been intersected by historical or Churchill drilling.
Drilling, mapping, and geophysical surveys indicate that the mineralized outcrop at the original
Layden Showing appears to be part of a much larger intrusive magmatic Ni -Cu system strik ing
east-southeast and plunging shallowly to the southeast. The Layden magmatic system is hosted
by a discrete, magnetic, meta -gabbroic to meta -pyroxenitic intrusions within basement gneiss .
The Ni-Cu mineralization is in the form of pods, thin horizons and blebs of pyrrhotite, pentlandite
and chalcopyrite which brecciate the host pyroxenite in sub-vertically oriented linear structures.
Figure 2 is a regional magnetic inversion encompassing Churchill’s detailed 2021 magnetic data
over the Taylor Brook and Taylor Brook South properties , with Figure 3 an enlargement of
approximately 4km along strike from the Layden Showing . A large magnetic stock associated
with the southern portion of the Taylor Brook Intrusive Complex, the large differentiated gabbroic
intrusive in this area, appears to be the source of the trend hosting the Layden Intrusive some 8-
10km to the northwest. The magnetic stock feature correlates well with the known gravity anomaly
in this area. As mentioned above, work on this trend will include immediate assessment of the
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VTEM results as well as systematic regional work to be conducted Spring and Summer 2022 to
target drillholes. Gravity traverses over the stock feature will also be carried out.
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Florence Lake Project
The helicopter-borne VTEM and Horizontal Gradiometer Geophysical Survey will re-commence
in early April, at the Florence Lake Project in Labrador , after having been postponed due to
deteriorating weather conditions in December . No production flights were car ried out in the
previous mobilization.
Churchill has commissioned Goldspot Discoveries Corp. (TSX-V: SPOT) to compile all historical
exploration data on the project, for integration with the results from the VTEM survey. This work
is scheduled to be completed later in March.
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The Florence Lake Property contains Raglan-type ultramafic volcanic -hosted massive and
disseminated sulphide nickel showings . It was last explored by Falconbridge and JV partners
between 1990-1997 during which time approximately 6,250m of drilling were completed in 45
shallow holes. The 1996 drill core is located on the property for relogging and sampling, whereas,
1992-3, partly sampled core, is stored at NL Government core library in Happy Valley – Goose
Bay. Highlights of that work included drill testing of the high-grade Baikie Showing where shallow
drilling (<-100m depths) returned:
DDH FLK-92-02: 2.19% Ni, 0.22% Cu, 0.16% Co over 11.32 metres from 44.7 to 56m
DDH FLK-92-12: 1.33% Ni, 0.05% Cu over 13.5 metres from 83.0 to 96.5m
The Baikie Showing has demonstrated mineralized continuity over 110m of strike length from
twelve drillhole intercepts and ground mapping, and is interpreted to be a near vertically plunging
subzone of disseminated, semi-massive and massive sulphide mineralization, possibly similar to
the Raglan or Kambalda style of nickel deposits. Other showings along strike have generated
+1.0% nickel grab samples or short drill intersections and need modern exploration work along
with Baikie.
Churchill announced positive results of due -diligence resampling of the historical core in a news
release dated October 7, 2021.
The technical and scientific information in this news release has been reviewed and approved by
Dr. Derek H.C Wilton, P.Geo., FGC, who is a “qualified person” as defined under National
Instrument 43 -101 – Standards of Disclosure for Mineral Projects and in dependent of the
Company. The Churchill drill core samples are half core samples laid out and split by qualified
geologists and technicians under the direction of Senior Project Consultant Dawn Evans -
Lamswood, P.Geo. at the Company’s drill camp near the pr operty. The samples were placed in
labelled, sealed plastic bags and periodically batches are delivered to Eastern Analytical for
analysis. Standard OREAS 13b and blanks were inserted in the assay batches. Eastern
Analytical is an ISO/IEC17025 accredited laboratory.
About Churchill Resources Inc.
Churchill is managed by career mining industry professionals and currently holds four exploration
projects, namely Taylor Brook in Newfoundland, Florence Lake in Labrador, Pelly Bay in Nunavut
and White River in Ontario. All projects are at the evaluation stage, with known mineralized Ni-Cu-
Co showings at Taylor Brook, Florence Lake and Pelly Bay, and diamondiferous kimberlitic intrusives
at White River and Pelly Bay. The primary focus of Churchill is on the continued exploration and
development of the Taylor Brook and Florence Lake Nickel Projects.
Further Information
For further information regarding Churchill, please contact:
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Churchill Resources Inc.
Paul Sobie, Chief Executive Officer
Tel. +1 416.365.0930 (o)
+1 647.988.0930 (m)
Email [email protected]
Alec Rowlands, Corporate Consultant
Tel. +1 416.721.4732 (m)
Email [email protected]
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