Churchill Discovers Vanadium-Titanium-Iron Mineralization at the Taylor Brook Nickel Project, Newfoundland & Labrador
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Churchill Discovers Vanadium-Titanium-Iron Mineralization at the Taylor Brook Nickel
Project, Newfoundland & Labrador
TORONTO, March 4, 2025 (GLOBE NEWSWIRE) – Churchill Resources Inc. (“Churchill” or the
“Company”) (TSXV: CRI) is pleased to provide an update on its Taylor Brook nickel project where 2024
drilling and prospecting have returned anomalous Vanadium-Titanium-Magnetite (“VTM”) results at the
TB-01 to TB-04 chargeability targets. These targets only cover a small area explored thus far on the
margin of the large South Lobe of the Taylor Brook Gabbro Complex (“TBGC”), but suggest it to be a
layered intrusion with critical minerals potential, in addition to the property’s high -grade magmatic Ni-
Cu-Co mineralization seen at Layden (See news releases February 13, 2023, October 26, 2023).
Mineralized magnetite-layered units sampled thus far at the South Lobe are generally several metres
thick and gently dipping northeasterly, from which numerous 2024 samples returned anomalous values
of 540ppm-955ppm V, 3.1%-7.29% Ti and >20% Fe with Ni, Cu and Co enrichment at several sites at
the TB-01 Target (Fig. 1 and Table 1). Winter Borehole Induced Polarization (“BHIP”) surveys at TB-
01 have generated high chargeability off-hole targets in this same area, which will be drill tested along
with a systematic trenching program.
Highlights:
• Taylor Brook Gabbro a layered intrusion with economic potential for VTM critical metals
• Numerous enriched VTM layers outcrop at the South Lobe allowing systematic surface testing
• Ni-Cu-Co sulphides found at/near surface at TB-01, also enriched in VTM mineralization
• BHIP defines large, high chargeability targets near holes TB-24-42B and TB-24-43 at TB-01
• Spring 2025 work plans include systematic trenching and more drilling at TB-01, and
• Further exploration for both Ni-Cu-Co magmatic sulphides and VTM mineralization along strike
from TB-01 and the ~10km2 magnetic/gravity anomaly at the South Lobe
Paul Sobie, CEO, commented:
“The anomalous VTM results we’re starting to see at TB-01 to 04, along with the associated shallow Ni-
Cu-Co trends, are compelling, and systematic follow-up work will commence as soon as the snow cover
melts. We prioritized this area based on anomalous Ni-Cu-Co in soils, and have drilled and prospected
on surface the probable source layer within the TBGC , which is also anomalous in VTM’s, a good
indication of layered intrusion-type mineral deposits. We’ve really only begun to evaluate a small portion
of the overall approximately 10km2 magnetic / vanadium soil anomaly VTM target on the South Lobe
and its margins, so our 2024 results are encouraging.
VTM’s are important strategic metals for the steel, aerospace and battery industries for vanadium, and
the pigment, steel and medical industries for titanium. North America has no vanadium production, with
China, Russia, South Africa and Brazil the major producers, world-wide, from large layered intrusions
such as the Bushveld Complex (South Africa ). Layered intrusive mineral deposits typically exhibit
layered VTM mineralization in the upper portions, with PGE and chromite deposits somewhat deeper,
and Ni -Cu-Co-PGE deposits lowest, in the more ultramafic portion of the intrusion. The VTM
mineralization intersected and prospected at surface at the TBGC therefore would appear to be at its
upper levels, with exploration just getting started on the South Lobe.
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Figure 1 – Vanadium in rocks, soils and drill cores over South Lobe TMI with VTEM anomalies
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Systematic prospecting, mapping and trenching at the South Lobe, as well as more drilling at TB-01 are
being planned. New exploration permit applications are being prepared for submittal. We’re quite
excited by the BHIP method and results, which has located the highest chargeability targets within the
TB-01 anomaly, off-hole but not distal from our 2024 drillholes. We’ll drill test these in 2025.”
The South Lobe has been of particular interest to CRI since staking it in 2021 based on its intense
magnetic signature and coincident gravity anomaly, more particularly now as it is returning anomalous
vanadium and titanium soil survey and prospecting results per Figure 1. The South Lobe magnetic
feature is predominantly a topographic high with good exposures of layering along its margins, where
the VTM horizons are commonly resistive , outcropping or forming scarps. Presently less that 10% of
the South Lobe has been prospected, therefore the Company is planning a comprehensive prospecting,
mapping, and trenching/stripping program for the Spring. The TB-01 horizon(s) are laterally extensive
based on airborne geophysics and soil sampling and will be followed up along strike in Spring 2025. As
well, the Company’s exploration team will comprehensively sample holes TB-24-41, -42B and -43 for
VTM mineralization and PGEs in order to test for potential deeper horizons of mineralization.
Petrographic, lithogeochemical, and mineral liberation studies on mineralized samples are pending,
which will assist in assessing the economic potential of these VTM units.
Table 1 – Selected 2024 Assay and Lithogeochemical Samples Metal Analytical Results
ALS Analytical methods ME-MS61 ME-MS61 ME-ICP06 ME-MS61 S-IR08 ME-ICP06 Calculated ME-MS81
Lithogeochemical core samples (sawed half core) Co Cu Fe2O3 Ni S TiO2 Ti V
Hole_ID Sample_ID From To Interval Logged Lithology ppm ppm % ppm % % % ppm
TB24-43 884117 464.00 464.15 0.15 CG gabbro 55.4 56.5 16.5 27.1 0.31 3.66 6.11 436
TB24-43 884118 485.00 485.12 0.12 typical gabbro 60.8 59.2 17.05 35.6 0.34 3.34 5.57 480
TB24-41 884121 225.00 225.15 0.15 gabbro with amphibole phenos 50.7 18.8 16.8 18.3 0.32 3.5 5.84 469
TB24-41 884122 318.00 318.15 0.15 coarse gabbro 62.2 64.3 18.75 36.3 0.34 3.73 6.22 534
TB24-42B 884128 245.00 245.10 0.10 MG gabbro 54.7 28.7 19.95 11.2 0.46 4.37 7.29 467
Lithogeochemical Grab Sample Field Description
247004 489000 5494265 TB-01 5m SW of TB24-42 collar cg gabbro with py-cpy-po clots/stringers 306 2480 30.2 862 6.1 4.08 6.81 933
Assay core samples (sawed half core) Eastern Analytical method ICP - 34 ICP - 34 ICP - 34 ICP - 34 ICP - 34 ICP - 34 ICP - 34 ICP - 34
Hole_ID Sample_ID From To Interval Logged Lithology Co (ppm) Cu (ppm) Fe (%) Ni (ppm) S (%) Ti (%) V (ppm)
TB24-41 247501 57.00 58.10 1.10 coarse grained gabbro 83 417 7.13 590 0.44 0.5 101
TB24-41 247502 58.10 58.60 0.50 Mineralized gabbro with interstitial & diss. sulphides to ~5% 132 1352 8.34 2400 1.61 0.63 141
TB24-41 247503 58.60 59.30 0.70 Mineralized gabbro with interstitial & diss. sulphides to ~5% 119 1247 8.13 1600 1.08 0.41 85
TB24-41 247504 59.30 60.30 1.00 Mineralized gabbro with interstitial & diss. sulphides to ~5% 104 904 8.22 842 0.86 0.45 95
TB24-41 247505 60.30 61.00 0.70 Mineralized gabbro with interstitial & diss. sulphides to ~5% 44 90 6.49 93 0.14 0.97 199
TB24-41 247506 61.00 61.60 0.60 Mineralized gabbro with interstitial & diss. sulphides to ~5% 122 1263 8.5 1900 1.13 0.29 64
TB24-41 247507 61.60 62.10 0.50 Mineralized gabbro with interstitial & diss. sulphides to ~5% 98 794 7.75 1200 0.67 0.26 60
TB24-41 247508 62.10 62.60 0.50 Mineralized gabbro with interstitial & diss. sulphides to ~5% 56 524 6.54 503 0.58 0.7 139
TB24-41 247511 80.30 80.40 0.10 Mineralized gabbro with interstitial & diss. sulphides to ~5% 106 1398 9.25 1600 1.57 0.74 162
TB24-42 247533 25.30 25.50 0.20 Mineralized gabbro with interstitial & diss. sulphides to ~7% 340 1021 14.93 2000 6.36 0.94 201
TB24-42B 247538 11.60 11.80 0.20 Mineralized gabbro with interstitial & diss. sulphides to ~5% 184 1398 17.35 813 2.96 0.76 216
Assay Grab Samples
Sample # Easting Northing Area Target Field Description
145424 489371 5494309 TBSL-1 E of TB-01, 02, and 05 cg gabbro with py-cpy-po clots/stringers 241 2377 23.02 626 4.85 2.21 794
145425 489369 5494314 TBSL-1 E of TB-01, 02, and 05 cg gabbro with py-cpy-po clots/stringers 224 2538 25.46 599 4.63 2.58 955
145429 485186 5499174 Layden Ext southern TB-06 fg gabbr/norite with magnetite layers 33 24 13.32 3 0.06 3.62 541
145432 488956 5494371 TBSL-1 TB-01 cg gabbro with py-cpy-po clots/stringers 169 1113 21.74 529 3.46 2.13 692
248313 488129 5495016 TBSL-1 L46E BL10N amphibolite(?) weathering rinds off of o/c 59 26 11.61 10 0.22 3.21 702
248316 489496 5495581 TBSL-1 TB-04 rusty weathered gabbro o/c 36 40 11.24 7 0.01 2.46 677
248319 489836 5495668 TBSL-1 NE of TB-04 c.g gabbro o/c 46 55 10.78 22 0.06 1.91 574
248320 489733 5495540 TBSL-1 NE of TB-04 f.g weathered gabbro,diss and patchy Mt 40 53 11.53 17 0.01 2.2 645
248329 489056 5494562 TBSL-1 TB-02 c.g gabbro,locally str.mag 39 16 11.83 17 0.06 2.62 626
248330 489069 5494555 TBSL-1 TB-02 c.g gabbro,mod diss Mt,trace diss pyr, same o/c as 23 m SE 65 78 13.32 25 0.23 2.35 838
248331 489091 5494552 TBSL-1 TB-02 same o/c as prev ,20m SE 52 290 15.45 84 0.07 2.06 817
248334 488965 5494379 TBSL-1 TB-01 angular c.g gabbro boulder weakly diss pyr,pyo,str.mag 86 355 13.41 169 0.7 1.91 620
248345 489196 5494544 TBSL-1 E of TB-01, 02, and 05 weathered f.g to mg gabbro o/c subtle layering Mt 25 17 11.88 4 0.02 3.17 654
248368 488664 5494612 TBSL-1 TB-02 mg gabbro 36 18 11.29 3 0.04 3.24 590
248404 489290 5494252 TBSL-1 E of TB-01, 02, and 05 m.g gabbro,fresher than prev sample 40 57 11.11 29 0.01 1.9 571
>120ppm >0.05% >20.0% >0.05% >1.0% >3.1% >540ppm
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BHIP surveys at the TB -01 target were successful and have confirmed that off -hole chargeability
anomalies correlate well with layers of VTM mineralization including a near -surface horizon also
enriched in Ni-Cu-Co (see inset map on Figure 1). Hole TB-24-41 was blocked at 100m depth so the
entire hole could not be surveyed, but the BHIP did detect the near-surface Ni-Cu-Co-VTM horizon (the
Ni-Cu-Co trend on the figures) observed in the core as well as in numerous nearby angular boulders.
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 (“NI 43-101”). Mr. Wilton is an honourary research
professor of Economic Geology at Memorial University in St. John’s and is independent of the Company
for the purposes of NI 43-101.
The lithogeochemical samples reported here were whole rock pieces, collected from outcrop and
historical drill core by Dr. Wilton during fieldwork in September/October 2024 . These samples were
sealed in labelled plastic bags in the field. All sample bags were photographed and transported to
Thunder Bay, ON, by secure courier. The samples were analysed by ALS Geochemistry Ltd. in Thunder
Bay using ME-ICP06 whole rock and ME -MS61L analytical protocols. Samples with over limit Ni
contents were re-assayed using OG-46 Aqua-Regia overlimit method. Quality control results, including
the laboratory’s own control samples, were evaluated immediately.
The assay drill core and rock samples were placed in labelled, sealed plastic bags and delivered to
Eastern Analytical of Springdale, NL, an ISO/IEC 17025 certified facility. The samples were analysed
using ICP 34 (inductively coupled plasma) analytical protocols. Samples with over limit Ni and Fe
contents were re -assayed using Eastern’s Ore Grade Assay (multi acid digestion) overlimit method.
Quality control results, including the laboratory’s control samples, were evaluated immediately. 1
1 The Company reminds investors that surface rock samples are select samples and may not be representative of
all mineralization on the Taylor Brook property.
About Churchill Resources Inc.
Churchill Resources Inc. is a Canadian exploration company focused on high grade, magmatic nickel
sulphides in Canada, principally at its prospective Taylor Brook and Floren ce Lake properties in
Newfoundland & Labrador. The Churchill management team, board and its advisors have decades of
combined management experience in mineral exploration and in the establishment of successful
publicly listed mining companies, both in Canada and around the world. Churchill’s Taylor Brook and
Florence Lake projects have the potential to benefit from the province’s large and diversified minerals
industry, which includes world class nickel mines and processing facilities, and a well-developed mineral
exploration sector with locally based drilling and geological expertise.
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Further Information
For further information regarding Churchill, please contact:
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]
Cautionary Note Regarding Forward Looking Information
This news release contains "forward -looking information" and "forward -looking statements" (collectively, forward-looking
statements") within the meaning of the applicable Canadian securities legislation. All statements, other than statements of
historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the d ate of
this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans,
projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects",
or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", “proposed”, "budget", "scheduled",
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events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical
fact and may be forward-looking statements. In this news release, forward-looking statements relate to, among other things,
, the Company’s objectives, goals and exploration activities conducted and proposed to be conducted at the Company’s
properties; interpretation of recent exploration results; future growth potential of the Company, including whether any
proposed exploration programs at any of the Company’s properties will be successful; exploration results; and future
exploration plans and costs and financing availability.
These forward-looking statements are based on reasonable assumptions and estimates of management of the Company
at the time such statements were made. Actual future results may differ materially as forward -looking statements involve
known and unknown risks , uncertainties and other factors which may cause the actual results, performance or
achievements of the Company to materially differ from any future results, performance or achievements expressed or
implied by such forward -looking statements. Such factors , among other things, include: the expected benefits to the
Company relating to the exploration conducted and proposed to be conducted at the Company’s properties; failure to
identify any mineral resources or significant mineralization; the preliminary nature of metallurgical test results; uncertainties
relating to the availability and costs of financing needed in the future, including to fund any exploration programs on the
Company’s properties; fluctuations in general macroeconomic conditions; fluctuations in securities markets; fluctuations in
spot and forward prices of gold, silver, base metals or certain other commodities; fluctuations in currency markets (such as
the Canadian dollar to United States dollar exchange rate); change in national and local government, legislation, taxation,
controls, regulations and political or economic developments; risks and hazards associated with the business of mineral
exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpected
formations pressures, cave -ins and flooding); inability to obtain adequate insurance to cover risks and hazards; the
presence of laws and regulations that may impose restrictions on mining and mineral exploration; employee relations;
relationships with and claims by local communities and indigenous populations; availability of increasing costs associated
with mining inputs and labour; the speculative nature of mineral exploration and development (including the risks of
obtaining necessary licenses, permits and approvals from government authorities); the unlikelihood that properties that are
explored are ultimately developed into producing mines; geological factors; actual results of current and future exploration;
changes in project parameters as plans continue to be evaluated; soil sampling results being preliminary in nature and are
not conclusive evidence of the likelihood of a mineral deposit; title to properties; and those factors described in the most
recently filed management’s discussion and analysis of the Company. Although the forward-looking statements contained
in this news release are based upon what management of the Company believes, or believed at the time, to be reasonable
assumptions, the Company cannot assure shareholders that ac tual results will be consistent with such forward -looking
statements, as there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly,
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readers should not place undue reliance on forward -looking statements and information. There can be no assurance that
forward-looking information, or the material factors or assumptions used to develop such forward -looking information, will
prove to be accurate. The Company does not undertake to release publicly any revisions for updating any voluntary forward-
looking statements, except as required by applicable securities law.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts
responsibility for the adequacy or accuracy of this news release.