Churchill Confirms High Nickel Grades at Taylor Brook, NL
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Churchill Confirms High Nickel Grades at Taylor Brook, NL
TORONTO, October 11, 2022 (GLOBE NEWSWIRE) – Churchill Resources Inc. (“Churchill” or
the “Company”) (TSXV: CRI) is pleased to announce that surface and drilling results are returning
very encouraging high grade nickel intercepts from the Layden Magmatic Intrusive prospect at
the Company’s Taylor Brook Project in western Newfoundland. Results include:
• 4.49% Ni, 1.24% Cu, 0.078% Co over 1.77m in hole TB22-15
• 3.04% Ni, 0.36% Cu, 0.044% Co over 1.70m in hole TB22-20
• 3.23% Ni, 0.75% Cu, 0.061% Co over 1.54m in Channel Sample 33
“These near surface high grade results are consistent with our belief that we are on the edge of
a potentially large -scale magmatic system ,” Commented Paul Sobie, Churchill’s CEO . “The
mineralization is open at depth and along strike, and we continue to interpret that the Layden
intrusive and the adjacent Western Dyke are peripheral to a major mineralized system.”
Both drill intercepts above were included within longer mineralized intervals, detailed in the table
below. Note that all intersections are provided as core lengths, not true widths, which have yet to
be determined.
Hole/Channel Meterage Meterage Length Ni Cu Co S Target
Area Specific Target
Number From (m) To (m) (m) % % % %
TB22-15 5.2 7.55 2.35 1.65 0.41 0.026 4.30 Layden
Intrusive
BHEM
conductor plate
TB22-15 9.58 14.02 4.44 2.79 0.54 0.046 7.80 Layden
Intrusive
BHEM
conductor plate
including 9.58 11.35 1.77 4.49 1.24 0.078 12.59 Layden
Intrusive
BHEM
conductor plate
TB22-19 106 106.55 0.55 2.43 0.08 0.044 6.53 Western
Dyke
BHEM
conductor plate
TB22-20 24.6 31.5 7.55 1.04 0.24 0.016 2.73 Layden
Intrusive
BHEM
conductor plate
including 24.95 26.45 1.5 1.47 0.65 0.024 4.32 Layden
Intrusive
BHEM
conductor plate
and 29.8 31.5 1.7 3.04 0.36 0.044 7.47 Layden
Intrusive
BHEM
conductor plate
Channel 33 0 1.54 1.54 3.23 0.75 0.061 11.86 Layden
Showing Washed outcrop
Channel 34 0 1.7 1.7 1.76 0.52 0.047 7.95 Layden
Showing Washed outcrop
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2022 fieldwork at Taylor Brook has taken both a detailed approach to the outcropping Layden
Intrusive, coupled with a regional exploration perspective, assessing the bigger picture including
the adjacent Taylor Brook Gabbro Complex which is of a similar age as the nickel-bearing
intrusives at Layden, and therefore extending the area of interest to over 10 kilometres of strike .
The encouraging grades and nickel tenors (10-14% in drill core and 7 -9% in channel samples)
encountered at both Layden and the Western Dyke are confirming that massive sulphide
accumulations are present. It is thought that the Western Dyke may represent a feeder to the
Layden Intrusive, as they appear to merge based on the 2022 drilling and mapping which
confirmed a southern extension to the host gabbronorite body (Figure 1).
A compilation of VTEM, TDEM and BHEM conductor plates in this area is in progress. The
Company w ill continue to evaluate this high -grade system at depth and along strike, while
regionally exploring the Layden trend and western margin of the Taylor Brook Ga bbro Complex.
We look forward to announcing further results in the coming weeks.
Churchill has received assay results for 2022 drillholes TB22-14 to TB22-22 thus far. Significant
results in holes 15, 19 and 20 are shown in the tab le, and borehole locati ons are shown in
accompanying Figure 1. Assays for platinum, palladium and gold are pending for these samples.
Holes TB22-14, 16, 18 and 21 did not encounter any significant sulphide mineralization and were
not sampled. Holes TB22 -17 and TB22 -22 drilled through long intervals of mineralize d nickel-
copper-cobalt intrusive breccias with assays reaching anomalous thresholds (>0.2% Ni, >0.1%
Cu and >0.01% Co ) with heavy dilution of the sulphide pulses, by entrained gabbronorite and
gneissic basement clasts.
The Phase 2 work program at Taylor Brook continues to encourage the CRI technical team, and
a more comprehensive understanding of the magmatic mineralization and structural geological
nature at Layden is emerging. The broadly similar age relationship between the Layden
gabbronorite intrusive, the mineralized Western Dyke, and the very large, adjacent Taylor Brook
Gabbro Complex is also being clarified through the use of geochemistry, petrography and age -
dating studies of core and surface samples under the direction of Dr. Derek Wilton.
Churchill also has received assays for 35 channel samples collected from washed Layden
Intrusive Breccia outcrops within a previously excavated trench. Two channels at the Layden
Showing are reported above. All other channels sampled dilute nickel-copper-cobalt breccia, and
many returned anomalous values as per Figure 2 below. The sulphide content of pure matrix
material within the breccias is consistent with our magmatic model , and ongoing geological
modelling work will attempt to correlate these pulses seen on surface with those in core.
The 2022 field work at Taylor Brook began in late April, and to date has included:
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• 19 drill holes totalling 5,860m (nine holes sampling reported here-in)
• Washing, geological mapping and channel sampling of previously uncovered outcrops in
the Layden Showing area and along the access road
• Line cutting to expand the Layden Grid to facilitate surface geophysical surveys
• Large loop Time Domain EM (“TDEM”) surveys
• Borehole EM (“BHEM”) surveys on all holes
• Televiewer and acoustical logging surveys on all boreholes (in progress)
• High resolution 1,272 -line kilometre “Heli -GT” magnetic survey over the ~10km long
Layden Magmatic Intrusive Trend along the western marg in of the Taylor Brook Gabbro
Complex.
• Collection of ~1850 soil geochemical samples along the Layden Trend ( work to
recommence on October 11th)
Drilling operations are currently halted while borehole surveys are completed and interpreted, and
all data compiled to plan the next phase of operations.
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 core and channel samples were placed in labelled, sealed plastic bags and
delivered to Eastern Analytical of Springdale, NL, an ISO/IEC 17025 . Standard OREAS 13b and
blanks were inserted in the assay batch. The samples were a nalysed using ICP 34 (inductively
coupled plasma) analytical protocols. Samples with over limit Ni, Cu and Co contents were re -
assayed using Eastern’s Ore Grade Assay (multi acid digestion) overlimit method. Quality control
results, including the laboratory’s own control samples, were evaluated immediately.
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 Labra dor, Pelly Bay in Nunavut
and White River in Ontario. All projects are at the evaluation stage, with known mineralized Ni ckel-
Copper-Cobalt showings at Taylor Brook, Florence Lake and Pelly Bay, and significantly
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:
Churchill Resources Inc.
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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]
Figure 1 – Churchill and historical drillhole plan on LIDAR survey.
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Figure 2 – Channel Sample locations on georeferenced drone photo at the Layden Showing
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