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Churchill Resources Announces Highly Anomalous Ni-Cu-Co Soil Sample on Margin of Taylor Brook Gabbro Complex
TORONTO, Aug. 16, 2023 (GLOBE NEWSWIRE) -- Churchill Resources Inc. (“Churchill” or the “Company”) (TSXV: CRI) is pleased to announce early results from its reg
About this update from Churchill Resources Inc
[{"type":"text","content":" TORONTO, Aug. 16, 2023 (GLOBE NEWSWIRE) -- Churchill Resources Inc. (“Churchill” or the “Company”) (TSXV: CRI) is pleased to announce early results from its regional soil sampling work this summer on the Taylor Brook Project. The soil program this year was designed as a first pass survey along ~ 8km of the unsampled Layden Intrusive Trend (“LIT”), as well as the adjacent ~ 12km long western margin of the Taylor Brook Gabbro Complex (“TBGC”) with 50m spaced sample stations on 200m spaced grid traverses. Soil sample 884693 located on the margin of the TBGC South Lobe returned highly anomalous values of 584 ppm Ni, 1172 ppm Cu and 0.064% Co, per Figure 1. Paul Sobie, CEO of Churchill stated, “This soil anomaly is the first sign of the TBGC South Lobe being mineralized, as it has never been explored. We have been intrigued since initial review of the project with Altius in 2020, by the very strong magnetic and gravity signatures of the South Lobe, and its rifted continental margin setting. Subsequent work by Churchill has defined similar age and petrographic relationships between the South Lobe and the LIT, host to the high-grade magmatic nickel mineralization at the Layden Gabbronorite. The Ni, Cu and Co results for Sample 884693 represent the best soil assays acquired to date on the project, with the cobalt assay equalling tenors seen previously only in the Layden high-grade massive sulphide samples. The Cu and Co ratios to Ni are dramatically different from those in soils and rocks elsewhere along the LIT, suggesting a different mineralization style from the nickel-dominated magmatic conduit-type at Layden.” Figure 1 – Ni, Cu and Co Soil Assay Perspectives over Total Magnetic Intensity The sample 884693 result has been re-assayed with Co, Cu and Ni concentrations validated, and Pt, Pd and Au analyses have been requested. Results have been received for the first ~1000 samples of the ~5000 sample 2023 program (see Figure 2). In-fill sampling will be carried out on anomalies of interest. A follow-up soil grid over the new anomaly designated TBSL-1, with 50m lines and 25m sample stations, is commencing this week along with prospecting. Similar follow-up work carried out on the LIT-1 anomaly has confirmed the nickel tenors in soil over a wider area, and gabbronorite rocks have been found. The LIT-1 soil anomaly will be stripped and c...