In particular: CRI's 2023 exploration confirms 13km TB Magmatic Trend with geophysics, soils, and diamond drilling
The TB Magmatic Trend extends from Layden Nickel Showing into the TBGC South Lobe
The TBGC South Lobe is of priority interest due to it's intense gravity anomaly on the rifted continental margin; a type locale where nickel districts are commonly found
Drilling at Layden has successfully hit gabbroic intrusive rocks and sulphide-bearing breccias in all holes
Resistivity surveys are confirmed to have successfully mapped portions of the magmatic intrusive system
2024 exploration is planned to blanket the 13km TB Magmatic Trend with conductivity surveys such that disseminated and massive sulphide targets can be detected
The newly identified TB Magmatic Trend is characterized by low to very low resistivity responses in airborne Mobile Magnetotelluric ('MMT') and ground Controlled Source Audio Magnetotelluric ('CSAMT') surveys, which contrast with the highly resistive older gneissic country rock. Examinations of sectional and level plan resistivity data are showing a continuous dyke-like vertically oriented conduit that flares out into sill-like bodies at certain depths, including at Layden in the extreme north. Depth penetration was limited to 600masl for the MMT survey due to the proximity of the power lines to the property which interfered with the lower frequency response.
The Company is presently planning for an extensive 2024 exploration program targeted on the TB Magmatic Trend, through ground geophysical (CSAMT, Induced Polarization and Time Domain Electromagnetic) surveys, diamond drilling, and borehole electromagnetic surveys.
Planning for the
About
The technical and scientific information in this news release has been reviewed and approved by Dr.
Contact:
Chief Executive Officer
Tel: +1 416.365.0930 (o)
Email: psobie@churchillresources.com
Corporate Consultant
Tel: +1 416.721.4732 (m)
Email: arowlands@churchillresources.com
Cautionary Note Regarding Forward Looking Information
This news release contains 'forward-looking information' and 'forward-looking statements' (collectively, 'forward-looking statements') within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as 'expects', or 'does not expect', 'is expected', 'anticipates' or 'does not anticipate', 'plans', 'proposed', 'budget', 'scheduled', 'forecasts', 'estimates', 'believes' or 'intends' or variations of such words and phrases or stating that certain actions, events or results 'may' or 'could', 'would', 'might' or 'will' be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. In this news release, forward-looking statements relate to, among other things, the intended us of proceeds from the Private Placement, the Company's objectives, goals and exploration activities conducted and proposed to be conducted at the Company's properties; future growth potential of the Company, including whether any proposed exploration programs at any of the Company's properties will be successful; exploration results and future exploration plans and costs and financing availability.
These forward-looking statements are based on reasonable assumptions and estimates of management of the Company at the time such statements were made. Actual future results may differ materially as forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors, among other things, include: the expected benefits to the Company relating to the exploration conducted and proposed to be conducted at the Company's properties; failure to identify any mineral resources or significant mineralization; the preliminary nature of metallurgical test results; uncertainties relating to the availability and costs of financing needed in the future, including to fund any exploration programs on the Company's properties; fluctuations in general macroeconomic conditions; fluctuations in securities markets; fluctuations in spot and forward prices of gold, silver, base metals or certain other commodities; fluctuations in currency markets (such as the Canadian dollar to
(C) 2024 Electronic News Publishing, source