Churchill Resources Inc V.CRI

Alternate Symbol(s): CRICF

Churchill Resources Inc. is an exploration company. The Company is focused on developing high grade, magmatic nickel sulfide mineralization in Canada, principally at its prospective Taylor Brook and Florence Lake properties in Newfoundland & Labrador. It is also Focused on High-Grade Nickel Sulphide & Diamond Projects. The Company 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 intrusive at White River and Pelly Bay. The Taylor Brook Project consists of nine map-staked licenses containing 705 claims totaling 176.25 square kilometers (km2). The Florence Lake Property is comprised of four map-staked licenses, with the northern Florence Lake Block comprising Licenses 027520M (50 claims) and 032167M totaling 5,025 hectares or 50.25km2.

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Churchill Resources Inc

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Post by Betteryear2on May 16, 2023 7:45pm

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Post# 35451421

Churchill Resources Inc.: Florence Lake NI 43-101 Report

TORONTO, May 16, 2023 (GLOBE NEWSWIRE) -- Churchill Resources Inc. (“Churchill” or the “Company”) (TSXV: CRI) is pleased to announce that it has completed a National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) compliant technical report on the Florence Lake Project (the “Report”) that is highly encouraging for nickel discoveries throughout the volcanic stratigraphy, rather than just the Baikie Showing horizon concentrated on previously. This is the first independent technical report ever prepared on the project and includes compiled and reinterpreted historical work by Falconbridge from 1992 to 96, as well as Churchill’s 2022 soil sampling and VTEM airborne survey. An important conclusion to the work has been the recognition of numerous Al2O3-undepleted ultramafic volcanic areas (i.e. more primitive lavas, associated with nickel mineralization) at Florence Lake, as stacked targets located throughout the upper Eastern Volcanic areas of the greenstone belt, and importantly also within the more basal Western Volcanics. Kambalda-style nickel sulphide deposits are generally at the base of ultramafic volcanic sequences.

Churchill Resources Inc.: Florence Lake NI 43-101 Report (globenewswire.com)

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