Churchill drills 4.49% nickel over 1.77 metres at Taylor Brook, Newfoundland

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Churchill Resources Inc.’s [CRI-TSXV] surface and drilling results are returning very encouraging high grade nickel intercepts from the Layden Magmatic Intrusive prospect at the 100%-owned Taylor Brook Project in western Newfoundland. Results include 4.49% nickel, 1.24% copper, 0.078% cobalt over 1.77 metres in hole TB22-15 3.04% Ni, 0.36% Cu, 0.044% Co over 1.70 metres in hole TB22-20 and 3.23% Ni, 0.75% Cu, 0.061% Co over 1.54 metres in Channel Sample 33.

“These near surface high grade results are consistent with our belief that we are on the edge of a potentially large-scale magmatic system,” commented Paul Sobie, CEO. “The mineralization is open at depth and along strike, and we continue to interpret that the Layden intrusive and the adjacent Western Dyke are peripheral to a major mineralized system.”

Both drill intercepts above were included within longer mineralized intervals. Intersections are core lengths, not true widths, which have yet to be determined.

The 2022 fieldwork at Taylor Brook has taken both a detailed approach to the outcropping Layden Intrusive, coupled with a regional exploration perspective, assessing the bigger picture including the adjacent Taylor Brook Gabbro Complex which is of a similar age as the nickel-bearing intrusives at Layden, and therefore extending the area of interest to over 10 km of strike. The encouraging grades and nickel tenors (10-14% in drill core and 7-9% in channel samples) encountered at both Layden and the Western Dyke are confirming that massive sulphide accumulations are present. It is thought that the Western Dyke may represent a feeder to the Layden Intrusive, as they appear to merge based on the 2022 drilling and mapping which confirmed a southern extension to the host gabbronorite body.

A compilation of VTEM, TDEM and BHEM conductor plates in this area is in progress. The company will continue to evaluate this high-grade system at depth and along strike, while regionally exploring the Layden trend and western margin of the Taylor Brook Gabbro Complex. We look forward to announcing further results in the coming weeks.

The Phase 2 work program at Taylor Brook continues to encourage the CRI technical team, and a more comprehensive understanding of the magmatic mineralization and structural geological nature at Layden is emerging.

Churchill also received assays for 35 channel samples collected from washed Layden Intrusive Breccia outcrops within a previously excavated trench.

Drilling operations are currently halted while borehole surveys are completed and interpreted, and all data compiled to plan the next phase of operations.

Churchill holds four exploration projects: Taylor Brook in Newfoundland, Florence Lake in Labrador, Pelly Bay in Nunavut and White River in Ontario.

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