Churchill Reports More High-Grade Gold and Silver Vein Results near Past-Producing Frost Cove Antimony Mine, Including 17.3 g/t Au and 130 g/t Ag
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Churchill Reports More High-Grade Gold and Silver Vein Results near Past-Producing
Frost Cove Antimony Mine, Including 17.3 g/t Au and 130 g/t Ag
TORONTO, September 15th, 2025 (GLOBE NEWSWIRE) -- Churchill Resources Inc.
(“Churchill” or the “Company”) (TSXV: CRI) is pleased to announce further sample results from
July prospecting work on its Black Raven property , host to the past -producing Frost Cove
Antimony Mine and Stewart Gold Mine, covering areas away from the historical mines and
prospects. Fourteen of 70 samples were from highly mineralized new veins with these highlighted
in the table and figure below:
"Work at the Black Raven polymetallic system continues to deliver high grade veins away from
the known mines and prospects, as our teams prospect the property in advance of our drilling and
trenching program, with the drill contractor mobilizing to the Frost Cove site today, September
15th," said Paul Sobie, President. “These latest gold-silver-antimony results should be considered
in the context of the high-grade antimony at the historic Frost Cove Mine, part of the same
mineralized vein system, and the Stewart Gold Mine, that have returned grades up to 14.4 g/t gold
and 56.7 g/t Ag.
The Taylor’s Room and Morton Harbour Head prospects to the north of Frost Cove continue to
return very high-grade results from newly samples veins that add to their attractiveness for follow-
up work. Soil sampling is systematically covering the property and is expected to generate new
target areas for follow-up later this year.”
Highlights from July Prospecting Black Raven Property SGS Analytical Procedure GO_ICP90Q100 GO_FAG30V GO_FAG37V GO_ICP90Q100 GO_ICP90Q100 GO_ICP90Q100
Sb Au Ag Cu Pb Zn
SampleNo East8321 North8321 Sample Method Prospect Area Description % g/t g/t % % %
DW-325 654576 5493982 Grab M.H. Au 1 10-15cm wide qtz/carb vn, massive
sulph,approx. 50%aspy-pb-sph 0.1 6.20 130 0.24 1.2 1.64
238028 654663 5494148 Grab New Vein
System
10-15cm wide qtz/carb vn, massive
sulph,approx. 50%aspy,2%Sph 0.17 3.60 40 0.06 0.46 5.42
DW-326 654275 5494869 Grab M.H. Head 10 cm wide laminated qtz vn,15%sb,15%
aspy,trace pyr 0.74 2.10 28 0.13 0.34 0.25
238034 654253 5494858 Grab M.H. Head 8-10cm wide laminated qtz/carb vn,10%
Po,5%pyr,trace aspy 0.06 6.40 0 0.13 0.12 0.16
238036 653963 5494333 Grab Taylor's Room 20cm wide qtz/carb vn in mafic volc,40%semi
massive aspy,tr pyr <0.01 3.00 N.R. <0.01 0.02 0.04
238037 654201 5494912 Grab Pomley Cove
Area
4-5cm qtz/carb vn in shear along contact with
felsic dike 2-3% diss.aspy,pyr 0.13 17.30 21 0.02 0.00 0.18
238047 654675 5493808 Grab M.H. Au 2 4-5cm wide qtz/carb vn in mafic dike,1-2 cm
mass aspy bands with minor scorodite, vuggy <0.01 6.10 52 0.03 0.64 0.55
238048 654074 5493312 Grab Frost Cove Area 3-5cm wide qtz/carb vn,15% coarse
aspy,trace pyr <0.01 7.00 13 <0.01 0.06 0.14
238053 654275 5494877 Grab M.H. Head 10 cm wide qtz/carb extensional vn,25-
30%sb,25%aspy,striking approx E-W 1.22 1.90 81 0.06 0.00 0.67
238054 654287 5494888 Grab M.H. Head same vn 12m W, 2cm wide band of semi mass
sb ,1% patchy cs pyr,1-2 %diss aspy, trace sp 1.13 3.60 114 0.2117 0.00 1.26
238061 653676 5495075 Grab M.H. Head West 2cm wide qtz/carb vnlet in int. intrusive,20%
coarse and accicular aspy, trace pyr 0.03 3.30 N.R. <0.01 0.1 0.39
238112 655483 5494104 Grab Tizzard's Road
Rock-Cut
Same zone further NE, qtz/cal rich, vein is
10cm wide with massive sph, 1-2% py with asp <0.01 0.03 19 0.17 0.03 13.71
238116 654630 5493738 Grab Little Harbour subcrop rubble on edge of beach, qtz rich,
massive asp with cubes of gl + zn-py-scorodite <0.01 0.03 35 0.03 0.00 0.28
238118 654712 5493785 Grab Little Harbour Massive asp vein-zn with min py, py extends
20cm into host, mod carbonate, 15cm wide 0.01 0.12 31 0.11 0.00 5.31
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The Black Raven Property hosts two past-producing mines dating back to the late 1800’s, the Frost
Cove Antimony Mine, and the Stewart Gold Mine which returned antimony grades of 35.1% and
gold grades of 14.4 g/t, respectively (see release of 12th June 2025). The results reported herein are
from different locations on the property (see attached map). Black Raven is located approximately
60km northwest of Gander, and approximately 100km north of the Beaver Brook Antimony Mine,
currently on care and maintenance.
Antimony: A Critical Mineral in High Demand
Antimony is a critical mineral essential for national security and modern technology, with over
90% of global production controlled by China, Russia, and other non-Western jurisdictions. It is a
vital component in military applications, while also being crucial for certain flame retardants,
strengthening alloys in batteries, and emerging energy storage technologies. Antimony is essential
to a “Fortress North America” approach to critical mineral supply chains and making domestic
North American sources increasingly important for economic and national security.
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Prospecting Sampling Program
Antimony, gold, silver, lead, zinc, copper and molybdenum samples were selected by Company
geologists and prospectors during Ju ly. All samples were labelled and securely bound and
delivered to the prep laboratory of SGS Canada Inc. in Grand Falls -Windsor, for crushing and
pulverizing. Splits were couriered to Burnaby, B.C. by SGS for GE_AAS33E50 assays and by the
ore-grade analytical methods detailed in the table. All samples described in this news release were
grab samples , and are selective by nature and are unlikely to represent average grades of the
property. Qualified Person Dr. Derek Wilton has examined all of the sites reported herein, and
selected due-diligence samples as required from the same veins designated DW-3XX.
Black Raven Antimony-Gold Property
The Black Raven Property comprise s nine map-staked licenses constituting a single contiguous
block of 125 claims that in total cover 3,125ha or 31.25km2. Churchill and the vendors have agreed
to a 4km wide area of interest around the property boundaries as part of their agreement.
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”). Dr. Wilton is
an honorary 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.
About Churchill Resources
Churchill Resources Inc. is a Canadian exploration company focused on strategic, critical minerals
in Canada, principally at its prospective Black Raven, Taylor Brook and Florence Lake properties
in Newfoundland & Labrador. The Churchill management team, board, and advisors have decades
of combined experience in mineral exploration and in the establishment of successful publicly
listed mining companies, both in Canada and around the world. Churchill’s Newfoundland and
Labrador 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.
Further Information
For further information regarding Churchill, please contact:
Churchill Resources Inc.
Conan McIntyre, Chief Executive Officer
Tel. +1 416.272.4738
Email: [email protected]
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Paul Sobie, President
Tel. 416.365.0930 (o) 647.988.0930 (m)
Email: [email protected]
FORWARD-LOOKING STATEMENTS
This news release contains certain forward -looking statements, including, but not limited to, statements about
Churchill’s objectives, goals and exploration activities proposed to be conducted on its properties; future growth
potential of Churchill, includ ing whether any proposed exploration programs at any of its properties will be
successful; exploration results; and future exploration plans and costs. Wherever possible, words such as “may”,
“will”, “should”, “could”, “expect”, “plan”, “intend”, “anticipa te”, “believe”, “estimate”, “predict” or
“potential” or the negative or other variations of these words, or similar words or phrases, have been used to identify
these forward-looking statements. In particular, this release contains forward-looking information relating to, among
other things, the Company’s goals and objectives, and future exploration work to be conducted on the Company’s
Black Raven Antimony Property. These statements reflect management’s current beliefs and are based on information
currently available to management as at the date hereof.
Forward-looking statements involve significant risk, uncertainties and assumptions. Many factors could cause actual
results, performance or achievements to differ materially from the results discussed or implied in the forward-looking
statements. These factors should be considered carefully and readers should not place undue reliance on the forward-
looking statements. Such factors, among other things, include: exploration results on the Black Raven Antimony
Property; the expected benefits to Churchill relat ing to the exploration proposed to be conducted on its properties;
receipt of all regulatory approvals in connection with the transaction contemplated herein ; 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, including to fund any exploration
programs on the Churchill’s properties, if required; fluctuations in general macroeconomic conditions; fluctuations
in securities markets; fluctuations in spot and forward prices of gold, silver, base metals or certain other commodities;
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 natur e
and are not conclusive evidence of the likelihood of a mineral deposit; and title to properties. Although the forward-
looking statements contained in this news release are based upon what management believes to be reasonable
assumptions, the Churchill ca nnot assure readers that actual results will be consistent with these forward -looking
statements. These forward-looking statements are made as of the date of this news release, and the Churchill assumes
no obligation to update or revise them to reflect new events or circumstances, except as required by 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 release.