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Churchill Resources: Taylor Brook NI 43-101 Report Emphasizes Prospective District Scale Magmatic Nickel Intrusion Model
TORONTO, Aug. 01, 2023 (GLOBE NEWSWIRE) -- Churchill Resources Inc. (“Churchill” or the “Company”) (TSXV: CRI) is pleased to announce that it has completed a Na
About this update from Churchill Resources Inc
[{"type":"text","content":" TORONTO, Aug. 01, 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”) technical report on the Taylor Brook Project (the “Report”) that is highly encouraging for high grade nickel discoveries throughout the Layden Intrusive Trend and into the adjacent Taylor Brook Gabbro Complex (“TBGC”). Layden Intrusive Trend: Models as a single contiguous highly magnetic body at depths below -400m, extends over 10km, and contains multiple targets; is anchored to the southeast by the Taylor Brook Gabbro (South Lobe), which is both highly magnetic, coincidentally the highest gravity signature in Western Newfoundland and located on the craton margin; to the northwest, outcrops at the high-grade nickel discovery at the Layden showing; and given the similar relative ages of the Layden and Taylor Brook gabbroic intrusions, suggesting a relationship between the two. Nickel Sulphide Occurrences: The intimate association of sulphide with the Layden pulses suggest that the sulphides separated from a parental mafic to ultramafic magma in manner typical of orthomagmatic nickel sulphide deposits (e.g., Voisey’s Bay, Eagle, etc.). Thus far mineralization has reached 14.5% nickel tenor over 1.7m in our shallow sampling. As previously disclosed, drilling intercepts include: 2.79% Ni over 4m; 4.44% Ni over 1.77m; and 3.04% Ni over 1.70m. Exploration Rationale: Our current exploration rationale is based on the model that the pulses are conduits of nickel sulphide-bearing magmas. As such the conduits themselves, or underlying magmatic intrusions along the whole Layden Intrusive Trend, from which the conduits originated, should be the primary exploration targets. “We are excited that we have begun to confirm a potentially district scale ca. Silurian (443-419 million years ago) magmatic nickel intrusive complex, extending over 10 km from the high grade Layden intrusive where nickel tenors thus far reach to 14.5% over 1.7m in our shallow sampling,” commented Paul Sobie, Churchill’s CEO. “This potential Silurian Period of orthomagmatic nickel sulphide represents a new metallotect in the Newfoundland Appalachian Orogen and is sandwiched between the well-known Ordovician Buchans and Rambler bas...