Churchill Resamples 2.17% Ni over 7.7m including 8.0% Ni over 1.25m at Florence Lake, Starts Drilling at the Taylor Brook Ni-Cu-Co Project, NL
Churchill Resamples 2.17% Ni over 7.7m including 8.0% Ni over 1.25m at
Florence Lake, Starts Drilling at the Taylor Brook Ni-Cu-Co Project, NL
TORONTO, Oct. 07, 2021 (GLOBE NEWSWIRE) -- Churchill Resources Inc. (“ Churchill” or the “Company”) (TSXV: CRI) is
pleased to announce that re-sampling of historical core at the Florence Lake Project in Labrador has confirmed high grade
nickel tenors which will help define methods for future exploration on the property. The 1992/93 core holes were stored in the
NL Government Core Facility in Goose Bay, but had seen subsequent sampling of the original Falconbridge splits, so were not
ideal for due-diligence sampling work. Several suitable samples from holes 92-01, 92-12 and 93-34, however, were selected by
independent Qualified Person Dr. Derek Wilton. The 1996 Tapestry Ventures Inc. core was found stored intact in a rack on the
property at the original camp site, and was recovered by a combined Churchill/Altius team in the field with Dr. Wilton
independently taking all samples tabled below.
All drillholes sampled are from the Baikie Showing at Florence Lake, which has been shown to extend approximately 110m
along strike and 90m depth from previous work. Highlights of Dr. Wilton’s sampling are Falconbridge holes 96-01 and 96-02,
where the Baikie zone massive sulphide was targeted, with assays running to 8.00% Ni over 1.25m within a broader interval of
7.7m grading 2.17% Nickel. Cobalt and PGE tenors are interesting, and Dr. Wilton’s results represent the first Platinum,
Palladium and Gold values reported from the 1996 drilling on the project.
Historical
Drillhole # From To Length Wilton
Samp # Ni% Cu% Co% Pt
ppb
Pd
ppb
Au
ppb
Falc Samp
# Ni% Cu% Co%
FLK-92-01 12.00 12.50 0.50 R15713 1.75 0.29 0.051 227 284 22 LB01852 1.36 0.12 0.03
12.50 13.00 0.50 R15714 3.41 1.37 0.089 177 432 31 LB01853 3.25 0.36 0.08
FLK-92-12 83.00 84.50 1.50 combined LB01997 1.31 0.04 0.01
84.50 86.00 1.50 R015712 1.48 0.08 0.04 86 193 14 LB01998 2.38 0.13 0.01
86.00 86.30 0.30 combined LB01999 1.19 0.10 0.01
FLK-93-34 82.16 82.20 0.04 combined LB03388 3.49 0.50 0.10
82.20 83.33 1.13 R015711 0.56 0.09 0.02 14 58 13 LB03389 0.03 0.01 0.01
83.33 83.75 0.42 combined LB03390 1.23 0.06 0.06
FL-96-01 18.45 19.45 1.00 E588751 1.62 0.09 0.04 66 243 8 28452 1.95 0.11 0.05
19.45 19.95 0.50 E588752 2.61 0.09 0.06 68 290 8 28453 1.90 0.06 0.06
19.95 20.95 1.00 combined 28454 3.10 0.30 0.07
20.95 21.95 1.00 E588754 2.08 0.10 0.05 79 238 7 28455 2.10 0.08 0.05
21.95 23.10 1.15 E588755 1.95 0.09 0.04 89 227 5 28456 2.09 0.08 0.05
23.10 23.60 0.50 E588756 2.35 0.12 0.05 89 284 5 28457 2.16 0.10 0.05
28.40 29.10 0.70 E588757 2.13 0.10 0.06 25 220 5 28463 2.40 0.09 0.06
32.50 33.50 1.00 E588758 1.84 0.09 0.04 180 282 4 28467 2.01 0.07 0.04
33.50 34.20 0.70 E588759 3.12 0.13 0.07 73 438 8 28468 3.00 0.10 0.06
FL-96-02 37.65 37.90 0.25 combined 28489 1.92 0.05 0.05
37.90 38.50 0.60 E588760 1.19 0.20 0.03 246 305 7 28490 0.01 0.00 0.01
38.50 39.00 0.50 combined 28491 3.20 0.49 0.07
46.30 47.50 1.20 E588761 1.43 0.08 0.04 77 212 2 28472 1.50 0.07 0.04
47.50 48.00 0.50 E588762 2.00 0.10 0.05 89 285 3 28473 1.85 0.10 0.05
48.00 49.00 1.00 E588763 0.63 0.02 0.02 54 98 2 28474 0.63 0.03 0.02
49.00 50.00 1.00 E588764 0.99 0.03 0.02 97 146 6 28475 0.83 0.03 0.02
50.00 51.00 1.00 E588765 0.80 0.02 0.02 59 100 6 28476 0.69 0.02 0.02
51.00 52.00 1.00 E588766 1.00 0.04 0.03 65 160 6 28477 0.96 0.03 0.02
52.00 52.75 0.75 E588767 0.71 0.04 0.03 34 106 1 28478 0.63 0.09 0.04
52.75 54.00 1.25 E588768 8.00 0.12 0.17 33 952 10 28479 6.60 0.06 0.10
FL-96-07 58.92 59.92 1.00 E588770 0.15 0.00 0.01 5 5 1 28675 0.03 0.002 0.00
59.92 60.40 0.48 E588771 2.53 0.10 0.05 316 383 2 28676 2.90 0.05 0.05
Grab Samples Notes Wilton
Samp # Ni% Cu% Co% Pt
ppb
Pd
ppb
Au
ppb
Baikie Main
Showing
Serpentinized
ultramafic
R15707 2.95 0.12 0.08 85 421 7
Boomerang Gossanous R15708 0.01 0.01 0 2 8 <2
Showing ultramafic
Seahorse Lake
Showing
Silicified massive
sulphide
R15709 0.01 0.01 0.01 <2 4 9
Seahorse Lk 2 Silicified massive
sulphide
R15710 0.01 0.01 0.02 <2 2 11
Churchill is also pleased to report that field work has commenced at the Taylor Brook Project in western Newfoundland, with
drilling and road-clearing equipment on the property. Drilling in the known high grade Layden Showing area is commencing
today.
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. The Falconbridge drill core samples were half core samples split by the NL
Department of Industry, Energy and Technology personnel at the Happy Valley-Goose Bay core storage facility. The samples
were placed in labelled, sealed plastic bags. The Tapestry core samples were also half split core pieces that were likewise
sealed in labelled plastic sample bags. The samples were transported to Thunder Bay, ON, and sent for assay. The grab
samples were whole rock pieces, collected from mineralized outcrop. These samples were also sealed in labelled plastic
sample bags. All sample bags were photographed and transported to Thunder Bay, ON. Standard OREAS 13b and blanks
were inserted in the assay batch. The samples were analysed by ALS Geochemistry Ltd in Thunder Bay using PGM-MS25NS
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.
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 Labrador, Pelly Bay in Nunavut and White River in Ontario. All projects are at the
evaluation stage, with known mineralized Ni-Cu-Co showings at Taylor Brook, Florence Lake and Pelly Bay, and
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.
Paul Sobie, Chief Executive Officer
Tel. 416.365.0930 (o)
647.988.0930 (m)
Email [email protected]
Alec Rowlands, Corporate Consultant
Tel. 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
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objectives, goals and exploration activities conducted and proposed to be conducted at the Company’s properties; 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.
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 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 Company’s
properties; business integration risks; 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
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legislation, taxation, controls, regulations and political or economic developments; risks and hazards associated with the
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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; ongoing uncertainties relating to the COVID-19 pandemic;
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,
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