Churchill Resources to Commence Drilling September 16 at Taylor Brook Magmatic Intrusive Complex; Large Tonnage Nickel Target added at Florence Lake
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Churchill Resources to Commence Drilling September 16 at Taylor Brook Magmatic
Intrusive Complex; Large Tonnage Nickel Target added at Florence Lake
TORONTO, September 9, 2024 (GLOBE NEWSWIRE) – Churchill Resources Inc. (“Churchill” or the
“Company”) (TSXV: CRI) is pleased to provide an update on its on-going fieldwork at Taylor Brook and
upcoming work on the Florence Lake nickel project. Highlights include:
Taylor Brook Project Preparations are well along, and first drillholes have been
spotted on the TB-01 Ni-Cu-Co Target, in readiness for the
September 16 th start-up. Geophysical and soil -
sampling/prospecting surveys are continuing.
Florence Lake Seahorse Lake Target An ~7.5km long nickel -bearing ultramafic intrusion
identified with consistent historical surface grab samples
grading 0.2-0.4% nickel
Paul Sobie, CEO, commented:
“All is ready for the Taylor Brook drill program commencing on the 16 th of September, with drill pads
constructed and geophysical surveys completed at Target TB-01 on the TBSL-1 Grid. Large-loop Time
Domain Electromagnetic (“TDEM”) survey crews have moved 5km north to the Layden Extension Grid,
where access and drill pad con struction will also be taking place for Target TB-06. The geophysical
crew will move back to TB-01 for Borehole Electromagnetic (“BHEM”) and Televiewer surveying of the
TB-01 drillholes as they are completed. IP/CSAMT survey and line -cutting crews are ta king a well -
deserved break before work begins extending the grids to cover more of the 13km magmatic trend
containing targets TB-01 and TB-06.
“At Florence Lake we’ve added a very large, bulk-tonnage nickel target to our portfolio in addition to our
numerous high-grade targets in the greenstone belt. T he Seahorse Lake Ultramafic Intrusive spans
some 7.5km x 1km based on its magnetic signature. Historical grab sampling by Falconbridge returned
pervasive surface nickel assays in the 0.2 to 0.4%Ni range, consistent with similar ultramafic intrusions
being evaluated in Ontario, Quebec, BC, and Alaska. Seahorse lies ~70km west of the deep-water port
of Postville, and an all-weather road proposed along the Labrador coast would pass within 15km of the
property, greatly enhancing Florence Lake Project economics.”
Florence Lake Seahorse Bulk-Tonnage Nickel Prospect
The Seahorse Lake ultramafic intrusive body was first noted by Noranda in 1990, and grab sampled
systematically by Falconbridge in 1991. A recent (2022) aeromagnetic survey flown by the Geological
Survey of Canada indicates an intense magnetic anomaly associated with the ultramafic intrusion, the
majority of which lies on CRI ground to the south of the Florence Lake Camp (Figure 1). Falconbridge
samples include a large number in the 0.2i to 0.4%Ni range over about 5km of the intrusive. The
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Company plans prospecting and sampling work in September-October to ground truth the 43 high-grade
targets identified in 2022 on the property, as well as extending the surface sampling of the Seahorse
Lake intrusion the full 7.5km.
Figure 1 – Seahorse Lake Total Magnetic Intensity Signature with Falconbridge 1991 Surface Sampling
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.
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 and is independent of the Company for the
purposes of NI 43-101.
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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]
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assumptions, the Company cannot assure shareholders that actual results will be consistent with such forward -looking
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