Churchill Resources Inc. is pleased to announce that it has exercised an existing option to acquire a 100% interest in certain mineral properties with prospective nickel, copper and cobalt targets located in the White Bay South region of western Newfoundland, approximately 50 kilometers north-northeast of the Town of Deer Lake . Prior to, and in connection with, the Company's go-public transaction in June, 2021, a [...]
Churchill Resources Inc. is pleased to announce that surface and drilling results are returning very encouraging high grade nickel intercepts from the Layden Magmatic Intrusive prospect at the Company's Taylor Brook Project in western Newfoundland. Results include: 4.49% Ni, 1.24% Cu, 0.078% Co over 1.77m in hole TB22-15 3.04% Ni, 0.36% Cu, 0.044% Co over 1.70m in hole TB22-20 3.23% Ni, 0.75% Cu, 0.061% Co over 1.54m in [...]
Churchill Resources Inc. is pleased to announce that Altius Resources Inc. has agreed to assign five mineral licenses totalling 262.25km2 to the Company, which tie on to the Company's existing Taylor Brook South block, and cover a large portion of the regional gravity feature that has been shown to host the nickel-bearing Layden Magmatic Intrusive and the adjacent Taylor Brook Gabbro Complex. Under the terms of the [...]
Churchill Resources Inc. is pleased to announce that it has completed its previously announced brokered private placement consisting of the sale of units and flow-through units , for aggregate gross proceeds of C$4,000,000 . The Offering was led by Red Cloud Securities Inc. and included Canaccord Genuity Corp. . Due to strong investor demand, the Offering was upsized from its original gross proceeds of C$2,500,000 and [...]
Churchill Resources Inc. is pleased to announce that due to significant investor demand, the Company and Red Cloud Securities Inc. , as lead agent and sole bookrunner on behalf of a syndicate of agents that includes Canaccord Genuity Corp. , have agreed to increase the maximum gross proceeds of the Company's previously announced best efforts, private placement from C$2,500,000 to C$3,500,000 from the sale of any [...]
Churchill Resources Inc. is pleased to announce that it has entered into an agreement with Red Cloud Securities Inc. to act as lead agent and sole bookrunner on behalf of a syndicate of agents that includes Canaccord Genuity Corp. in connection with a best efforts, private placement for gross proceeds of up to C$2,500,000 from the sale of any combination of the following: units of the Company at a price of C$0.32 per [...]
Churchill Resources Inc. is pleased to announce that planning and arrangements for its second phase of drilling and geophysical surveys at Taylor Brook in western Newfoundland are nearing completion. Results from the 2021 work continue to support the exploration model of a magmatic Ni-Cu system on the property outcropping at the Layden Showing and appearing to have significant scale. In particular: Two grab samples [...]
Churchill Resources Inc. is pleased to announce the closing of a non-brokered private placement consisting of the sale of 2,403,257 flow-through units of the Company at a price of C$0.31 per FT Unit for aggregate gross proceeds of approximately $745,000 . Each FT Unit consisted of one common share of the Company issued as a "flow-through share" within the meaning of the Income Tax Act and one half of one common share [...]
Churchill Resources Inc. is pleased to announce a non-brokered private placement for gross proceeds of up to C$1,500,000 from the sale of any combination of units of the Company at a price of C$0.28 per Unit and flow-through units of the Company at a price of C$0.31 per FT Unit. Red Cloud Securities Inc. is acting as a finder in connection with the Offering. Each Unit will consist of one common share of the Company and [...]
Churchill Resources Inc. is pleased to announce that its Phase 1 Exploration Program at Taylor Brook in western Newfoundland has proceeded well and has identified and started to evaluate a magmatic Ni-Cu system on the property which appears to have significant scale. Historic drilling of the Layden Showing in 2008 returned 4.25 m of 1.63% Ni, 0.36% Cu and 0.027% Co in hole 08-TB-17 Recent Churchill drilling and mapping [...]
Churchill Resources Inc. is pleased to announce that re-sampling of historical core at the Florence Lake Project in Labrador has confirmed high grade nickel tenors which will help define methods for future exploration on the property. The 1992/93 core holes were stored in the NL Government Core Facility in Goose Bay, but had seen subsequent sampling of the original Falconbridge splits, so were not ideal for due-diligence [...]
Churchill Resources Inc. is pleased to announce that Ms. Dawn Evans-Lamswood, M.Sc., P.Geo. has joined the Company as Senior Consultant to our Taylor Brook and Florence Lake nickel projects. The Company has also retained Dr. Derek Wilton, P.Geo., FGC as an independent "qualified person" for both projects. Both of these highly experienced consultants live in St. John's, Newfoundland and are therefore close to the projects [...]