Churchill Reports Progress on Antimony-Gold Evaluation Program; Trenching and Drilling Assay Results Expected Imminently
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Churchill Reports Progress on Antimony-Gold Evaluation Program; Trenching
and Drilling Assay Results Expected Imminently
TORONTO, November 26, 2025 (GLOBE NEWSWIRE) -- Churchill Resources Inc.
(“Churchill” or the “Company”) (TSXV: CRI) is pleased to provide an update on its ongoing
fall evaluation program at the Black Raven Property in Central Newfoundland, host to the
historic Frost Cove Antimony Mine and Stewart Gold Mine. The fall program, which began
mid-September, is the first comprehensive exploration for antimony, gold, and silver on
the property and includes approximately 5,000m of drilling, 2,200 soil samples and
extensive trenching.
We eagerly await assay results which are pending for both drilling and channel samples.
In particular, assay data for the first two batches of drill core and surface trench samples
from our work along the northern 500m of the Frost Cove trend, and the channel samples
from the Taylor’s Room prospect, are expected soon, following completion of over -
detection-limit (>10% Antimony) ore -grade assay procedures on a number of samples.
In all, the Company has submitted 363 core samples and 89 channel samples to SGS
Lakefield to date, where many of these are being subjected to supplemental ore -grade
assay procedures after initial analyses were over-limit for certain metals. In the meantime,
the first batch of soil results have been received and are reported in this release.
Program Update Highlights:
Overall, our initial fall exploration program has gone exceedingly well with 48 short holes
totalling 4,602m completed as of November 24th end of shifts. Four prospects have been
targeted with this program, namely:
Frost Cove Antimony Mine Prospect 30 (thirty) boreholes totalling 2,742.5m,
eighteen channel samples over 800m
strike length.
Taylor’s Room Au-Ag-Pb-Zn Prospect 11 (eleven) boreholes totalling 1,130.5m,
six channel samples (12 th hole in
progress) over 300m strike length.
Stewart Gold Mine Prospect 6 (six) boreholes totalling 585m, two
samples of in -situ vein material from
historical shaft over 300m strike length.
Pomley Cove Pond Au-Ag- Pb-Zn Prospect 1 borehole totalling 142m, nine channel
samples of newly discovered veins (3
more holes planned before break) at this
prospect, previously described as the
Moreton’s Harbour Pond Prospect.
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These operations have been very successful in both finding and sampling the known
historically described mineralization at the Frost Cove Mine, Taylor’s Room and Stewart
Mine Prospects , and at Pomley Cove the Company has discovered several new
polymetallic veins.
With these encouraging results the Company has decided to extend the cumulative depth
of the current drilling program past 5,000m and into December , with operations then
restarting in February. This supplemental program will be completely funded via cash on
hand.
Figure 1 – a) Historical Stewart Shaft Exposed b) Polymetallic Central Vein at Taylor’s Room
c) New Discovery Polymetallic Vein at Pomley Cove Pond (one of four trenched)
Paul Sobie, President remarked, “We’re extremely pleased with the success or our first
program at Black Raven, which includes our soil work and the drilling and trenching that
is confirming considerable strike lengths and continuity to shallow depths for t he
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prospects. Soil analysis is an important regional exploration tool for the property, as the
Beaver Brook Mine antimony deposits, located 100km to the south of the Black Raven
Project, were discovered and outlined using this technique. Churchill is excited by some
of the trends that are emerging, and looks forward to seeing the results from around Frost
Cove and further along strike to the south.”
2025 Soil Sampling Program:
Comprehensive, 50m line-spaced soil sampling cover ed a large portion of the entire
property to identify both possible strike extensions of known prospects , as well as
potential new discoveries. Results reported herein are for 993 samples from the first two
batches sent to Eastern Analytical in Springdale, NL for assay, with approximately 1200
samples still pending. Several areas have been prioritized for trenching and drilling
programs in 2026 based on these results, including:
• Antimony assay sampling data has not yet been reported for the Frost Cove Mine
trend area, but a new anomaly has been discovered to the west along a known
felsic dyke. The 40ppm anomalous threshold used for these samples is the same
as that defined in soil sample surveys which lead to the discovery and delineation
of the mineralization at the Beaver Brook Antimony Mine.
• Gold results define a highly anomalous area around Pomley Cove Pond, where
the Company is currently drilling and trenching. A very elevated value of 922ppb
was detected on the western shore of the Pond. Anomalous samples were also
found near the Stewart Gold Mine.
• Silver results define two northerly trends to the north of Pomley Cove Pond.
• Copper results indicate anomalies which correlate well with the gold and silver
trends around Pomley Cove Pond. A high value of 2050ppm (0.21%) copper was
defined in a sample just north of the Pond.
• Zinc results contain anomalous samples in the Pomley Cove Pond vicinity with a
high value of 1953ppm (0.20%) along the same northerly dyke trend that returned
anomalous gold and silver values.
• Lead results indicate scattered anomalous samples in the Taylor’s Room and
Pomley Cove Pond areas.
• Molybdenum results define three northeasterly trends that extend from the Pomley
Cove prospect to Morton’s Harbour Head which is also anomalous in gold.
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• Arsenic in soils indicate wide -spread enrichment, in a pattern closely resembling
the gold distribution, with highly anomalous areas around Pomley Cove Pond,
Taylor’s Room, Moreton’s Harbour Head, and the Stewart Gold Mine.
Figure 2 – Preliminary 2025 Black Raven Soil Sampling Results
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Optical-Sorting Studies
The Company has also initiated optical-sorting studies on Frost Cove Antimony Mine wall
rock, dyke , and mineralization material with the goal of producing a high -grade pre -
concentrate of direct shipping ore (“DSO”) material.
A consultant from Stark Resources Group of Hamburg, Germany , has selected
representative samples of Frost Cove rocks from the adits in the north, a channel sample
near the Southern Shaft, and from two boreholes in -between, for physical properties
testing work. Stark will also work closely with SGS Lakefield where metallurgical studies
of composite Frost Cove antimony vein material have demonstrated excellent antimony
recoveries from conventional gravity – flotation flowsheet techniques to date, with final
work in progress expected to be reported upon soon.
About Our Fall Evaluation Program
Churchill’s evaluation program at Frost Cove, Stewart, and Taylor’s Room is designed to
define mineralization at depth and along strike, with surface trenches across vein
structures at 50 meter intervals and drill pads every 100 meters, allowing for multiple
holes at each site. The drill h oles are targeted to intersect the vein structures at
approximately -50m and -100m below surface. The Pomley Cove Pond drilling and
trenching is designed to initially assess the area which has seen little past exploration.
The overarching goal of Churchill's evaluation program at Frost Cove is to assess its
potential as a small -footprint, high-grade underground mine, positioning it as a crucial
primary supply source for North American and European markets. Currently, North
America lacks source s of high -grade, primary antimony supply, making a potential
domestic source at Frost Cove critically important.
Churchill’s objective is to gather sufficient data for the preparation of initial resource
estimates, advancing towards a National Instrument 43-101 compliant maiden resource.
The past -producing Frost Cove Antimony Mine and the Stewart Gold Mine, both on
Churchill’s Black Raven project, operated intermittently at the turn of the last century, an
era which predates the modern regulatory and capital market regimes governing
economic resource definition and delineation.
Black Raven is located approximately 60km northwest of Gander, Newfoundland, and
approximately 100km north of the Beaver Brook Antimony Mine, which is currently on
care and maintenance. Black Raven hosts a high -grade polymetallic stockworks vein
system, including antimony, gold, silver, lead, and zinc, with multiple veins confirmed from
prospecting by Churchill in 2025 . The project benefits from excellent infrastructure,
including roads, power, proximity to tidewater and ports, and locally integrated operational
and technical teams.
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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. The soil samples were placed in labelled, sealed kraft 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 and Au 30 g fire assay
protocols. Samples with over limit metal 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.
About Churchill Resources
Churchill Resources Inc. is a Canadian exploration company focused on strategic, critical
minerals in Canada, principally at its 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
mining and processing facilities, as well as 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. 416.272.4738
Email: [email protected]
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
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successful; exploration results; and future exploration plans and costs. Wherever possible, words such as “may”,
“will”, “should”, “could”, “expect”, “plan”, “intend”, “anticipate”, “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 fu ture 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.