Churchill Resources Reports High-Grade Antimony and Gold Findings
Exciting Discoveries at Black Raven Property
Churchill Resources Inc. (TSXV: CRI) has made impressive advancements in its Black Raven property, with high-grade mineralizations of antimony, gold, and silver identified. Recent prospecting efforts have revealed stunning results just 1.2 kilometers north of the historic Frost Cove Antimony Mine. Notably, antimony was recorded at a substantial 9.46%, while gold and silver readings reached remarkable levels of 35.5 grams per tonne and 1,118 grams per tonne, respectively.
High-Grade Samples from June Prospecting
During the recent June prospecting program, Churchill reported that numerous samples, particularly from the lower adit at Frost Cove, showcased over 20% antimony content. This highlights the potential for further depth and indicates robust mineral veins in the area. CEO Conan McIntyre noted how these results confirm the presence of veins with high-grade antimony and precious metals, a positive sign as they prepare for trenching and drilling operations.
Impressive Sample Results
The sampling efforts uncovered a total of 55 samples, where 30 exhibited significant mineralization. Some notable samples included:
- High-grade antimony exceeding 18.42% from the Upper Adit.
- Additional high-grade antimony readings of 13.66% and 11.02% from historical pits situated approximately 350 meters south of Frost Cove.
- Gold-enhanced rubble samples from the Stewart Mine yielding 6.4 g/t.
- Various polymetallic samples from Taylor's Room Prospect displaying 2.2 g/t of gold and 24 g/t of silver.
These figures illustrate the significant mineral wealth present at Black Raven, encouraging further exploration and study.
Metallurgical Studies Underway
Recognizing the importance of the findings, Churchill has initiated metallurgical studies using material extracted from the Frost Cove Mine. Professionals from two industry-leading facilities are examining these materials through traditional flotation and innovative chromatography processing flowsheets. The outcomes from these studies, along with additional results from ongoing sampling efforts, are anticipated to be unveiled in the coming weeks.
Strategic Importance of Antimony
Antimony is more than just a mineral; it plays a crucial role in multiple sectors including defense technologies, flame retardants, and batteries. With over 90% of its global production reliant on countries like China and Russia, its market value has surged recently, surpassing $50,000 per tonne. This demand emphasizes the critical need for domestic sources as a strategic mineral, aligning with North America's interest in securing its supply chains.
Black Raven Property and Exploration Prospects
The Black Raven property spans 3,125 hectares and includes nine claims that construct a contiguous block. This property houses two historical mines, Frost Cove Antimony Mine and Stewart Gold Mine, which have previously returned remarkable grades of both antimony and gold. The continuous exploration aims to further uncover the potential mineralization across the territory.
Management’s Vision and Commitment
Paul Sobie, President of Churchill, expressed optimism regarding the findings, highlighting that the presence of high-grade gold-silver-antimony veins at Moreton’s Harbour Head showcases the expansive potential of the Black Raven system. The commitment to continued exploration is evident as they project further analysis and development of their promising sites.
Contact Information for Churchill Resources
For those interested in more details about Churchill Resources Inc., inquiries can be directed to:
Churchill Resources Inc.
Conan McIntyre, Chief Executive Officer
Tel. +1 416.272.4738
Email: cmcintyre@churchillresources.com
Paul Sobie, President
Tel. 416.365.0930 (o) 647.988.0930 (m)
Email: psobie@churchillresources.com
Frequently Asked Questions
What were the main findings of Churchill Resources' recent exploration?
Churchill Resources discovered high-grade antimony, gold, and silver at their Black Raven property, with values of 9.46% Sb, 35.5 g/t Au, and 1,118 g/t Ag.
Where is the Black Raven property located?
The Black Raven property is located approximately 60 kilometers northwest of Gander.
What does antimony contribute to in modern technology?
Antimony is essential for military applications, flame retardants, and strengthening alloys in batteries.
How many samples were collected during the June prospecting program?
A total of 55 samples were collected during the June prospecting program.
What is the future outlook for Churchill Resources?
With promising results and planned metallurgical studies, Churchill Resources aims to delve deeper into the mineral potential of its properties.
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