Business
Churchill Resources Outlines Large Conductor Targets Beneath Layden Intrusive at Taylor Brook Project
TORONTO, Sept. 07, 2023 (GLOBE NEWSWIRE) -- Churchill Resources Inc. (“Churchill” or the “Company”) (TSXV: CRI) is pleased to announce results from its Hybrid C
About this update from Churchill Resources Inc
[{"type":"text","content":" TORONTO, Sept. 07, 2023 (GLOBE NEWSWIRE) -- Churchill Resources Inc. (“Churchill” or the “Company”) (TSXV: CRI) is pleased to announce results from its Hybrid Controlled Source Audio-Magnetotelluric (“Hybrid CSAMT”) survey carried out over the Layden Intrusive at Taylor Brook. The data suggests that multiple large conductor targets are present beneath Layden, hosted by similar and related magmatic rocks, below all drilling to date. Sizes of the conductor targets are significant, ranging up to several hundred metres long by >100m wide by >100m thick. Paul Sobie, CEO of Churchill stated, “The Hybrid CSAMT survey has proven successful at allowing us to see beneath Layden, and critically in identifying compelling, large conductor targets (the orange – very low resistivity units in figures below) for the deeper drilling we’ve been preparing for. The two vertical sections show the large volume of magmatic intrusive rock (the blue – low resistivity units) extending from Layden to depths of ~1000m, which emphasizes the huge scale of the Layden Intrusive Trend. We’ve always felt that the high-grade sulphides (best intercept 2.79%Ni / 4.44m) and extensive mineralized breccia exposed at Layden is part of a much larger system, and this survey is helping to confirm our model.” The survey was specifically designed to better define the Layden Intrusive with depth by reading from 175 stations nominally 50m apart along a grid-lines over an area of ~800m by 800m per the figure. The survey lines consistently show the area south of the outcropping Layden gabbronorite hosting large, very weak resistive units (i.e. conductor targets), starting at ~-400m which exceeds depths drilled to date. Going forward the Company will be expanding this successful Hybrid CSAMT survey and integrating the detailed data into a comprehensive 3-D model to better define the extent of the newly defined deeper potential mineralization at Layden. Line-cutting and similar surveys will be carried out over the priority high nickel soil anomalies at LIT-1 and TBSL-1, in preparing those areas for drilling later this year. As well we intend to commission an airborne Mobile MT survey which will compliment and expand the ground CSAMT coverage along the entire Layden Intrusive Trend and the western margins of the Taylor Brook Gabbro Complex, to identify new conductor target a...