Churchill Provides Taylor Brook Operational Update, Drills 3.12% Nickel over 2.61m at Layden with Winkie Rig
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Churchill Provides Taylor Brook Operational Update, Drills 3.12% Nickel
over 2.61m at Layden with Winkie Rig
TORONTO, October 26, 2023 (GLOBE NEWSWIRE) – Churchill Resources Inc. (“Churchill” or
the “Company”) (TSXV: CRI) is pleased to provide an operational update for it’s Taylor Brook Ni-
Cu-Co Project in western Newfoundland. Fieldwork has been near constant since early June and
is continuing into November with a 5,000m program of deeper holes at Layden that is expected
to continue through the winter. Up-to-date results from work including those from shallow Winkie
drilling at Layden and property wide soil sampling are reported here.
Presently the Company has commissioned expanded CSAMT surveys at Layden, along with first
coverage at the LIT-1 and TBSL-1 soil anomalies; line-cutting is in progress at TBSL-1. Mobile
MT surveying has also been commissioned along the entire Layden/TBGC corridor which will
augment previous detailed Heli -GT magnetic and VTEM coverage to map potential low
resistivity/conductor target areas at depth as have been identified at Layden. A 5,000m drill
program will commence in early November to test previously undetected CSAMT Layden targets
at depths of -175m to -675m.
Winkie Drill Program Results
A ten hole, cumulative 534.5m, program was completed using an innovative drill rig fabricated by
MCL Drilling of Deer Lake, NL. The rig consists of a Winkie drill, set-up for 45-degree holes, on a
tracked vehicle that has a very small footprint and is suitable for ATV trails. An array of ten holes
were drilled south of the Layden Showing (Figure 1) to better delineate the gabbronorite-Western
Dyke area as well as high-grade intersections in holes TB-22-20 and TB-22-30. Winkie hole WD-
04 was targeted on the Layden horizon and intersected 3.12%Ni, 0.68%Cu and 0.05%Co over
2.61m, consistent with the high metal tenors defined in previous Layden intersections. Holes WD-
01 and WD -02 intersected narrow mineralized zones that loosely correlate with previous
intersections in holes TB22-20 and 22 -30 and are likely mapping a fold nose. All other holes ,
drilled to better map the Layden Gabbronorite, were barren of mineralization.
2023 Winkie Drillhole Intersections
Hole From To Length Ni % Cu% Co%
WD-01 21.5 22.2 0.66 1.22 0.13 0.02
WD-02 17.4 17.6 0.20 3.82 0.13 0.13
20.7 21.0 0.32 4.94 0.74 0.07
WD-04 26.0 26.8 0.75 0.32 0.05 0.01
26.8 27.3 0.57 5.63 0.83 0.09
27.3 27.7 0.38 1.96 0.42 0.03
27.7 28.3 0.55 6.29 0.83 0.11
28.3 28.6 0.36 1.34 1.82 0.02
Weighted Average 2.61 3.12 0.68 0.05
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Figure 1 – Winkie Drillhole Plan and Intersections
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Geophysical Surveying
The Layden CSAMT survey is presently being expanded by Geophysique TMC Inc. to better
delineate marginal anomalies that were detected in the original 800m x 800m survey. Following
completion at Layden, the crew will move to survey the LIT -1 Ni Anomaly Grid, and thence the
TBSL-1 grid, as line-cutting is completed. Expert Geophysics Limited will commence a Mobile
MT survey over the entire Layden-Taylor Brook South Lobe corridor in early November, following
completion of a calibration test -survey over the L ayden CSAMT survey area. As well the
Company is pleased to report that SHA Geophysics has completed the detailed Heli-GT
expansion survey to cover the rest of the Taylor Brook Gabbro South Lobe.
CSAMT Target Drilling
MCL Drilling will be mobilizing to Taylor Brook on November 6 th to commence the drill program,
which is expected to run through the winter. Thus far five holes have been planned , per Figure
2, targeting compelling resistivity low features at depths between -175m and -625m below
surface.
Figure 2 – Layden CSAMT Resistivity Targets and Initial Planned Drillholes
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As the Layden CSAMT expansion data is received and interpreted, more holes will be planned.
Each hole, including the extension of TB -21-06, will be comprehensively surveyed with BHEM
and televiewer equipment by Eastern Geophysics Limited.
Soil Sampling Results
3,224 samples have thus far been collected in 2023 and results have been received for 2,969
samples, which include the TBSL -1 follow-up grid around original sample 884693 ( 584ppm Ni,
1172ppm Cu, 665ppm Co). The nickel anomaly at TBSL-1 has been extended to ~600m in length
based on the soils, and line-cutters have commenced cutting a grid for geophysical follow-up.
Soil sampling has also advanced southerly along the Layden Intrusive Trend and over the South
Lobe of the TBGC, with several new Ni, Cu and Co anomalies defined as shown on Figure 3
below. 50m x 25m follow-up grids will be sampled over a number of these to better refine whether
geophysical, trenching, or drill targets are present.
Figure 3 – Taylor Brook Soil Sampling Ni, Cu and Co Results
Taylor Brook Project
The Taylor Brook Project consists of nine 100% Churchill-owned map-staked licenses containing
705 claims totalling 176.25 km2. Altius retains a 1.6% gross sales royalty on seven licenses, and
a 2.0% NSR is retained by local prospectors on two small licenses totalling 4.75km2. Churchill’s
2023 program at Taylor Brook includes property-wide soil sampling and prospecting, a CSAMT
survey over the Layden Gabbronorite, completion of the high-resolution detailed aeromagnetic
coverage of the South Lobe area, stripping/trenching, and diamond drilling.
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 independent of the
Company.
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About Churchill Resources Inc.
Churchill Resources Inc. is a Canadian exploration company focused on developing high grade,
magmatic nickel sulphide mineralization in Canada, principally at its prospective Taylor Brook and
Florence 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 wor ld-class nickel mines
and processing facilities, and a well -developed mineral exploration sector with locally based
drilling and geological expertise. The province was recently ranked 4th in the world for investment
attractiveness by the Fraser Institute in its 2022 annual survey of mining and exploration
companies.
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]
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or achievements expressed or implied by such forward-looking statements. Such factors, among other things, include:
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Company’s properties; failure to identify any additional 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,
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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 actual 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, readers should not place undue reliance on forward-looking statements
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securities law.