Churchill Resources Inc. announced that Phase 2 drilling operations have commenced at the Taylor Brook Nickel-Copper Project in Newfoundland, with a minimum 5,000m program planned. Initial 2022 drillholes will target borehole EM conductors generated from the 2021 Phase 1 holes, of which the higher priority plates appear to be along the western footwall of the Layden Magmatic Intrusive in this area. Subsequent holes along the Layden Extension will be targeted on Time Domain EM conductors being generated by the 2022 surface large-loop survey in progress.

The Churchill geological team is encouraged by the values intersected on the Western Dyke feature, and are planning an early 2022 hole into a newly identified borehole EM conductor there, with the hopes of finding thicker mineralized material with more tonnage potential than what has been drilled thus far. The Western Dyke has been intersected by four holes drilled by the Company and historical holes 08TB09 and 08TB-10, over a strike length of ~150m. The mineralized dyke is believed to be related to the nearby Layden Intrusive, and age-dating, geochemistry and petrography are in progress to better understand this aspect of the nickel mineralization event.

The holes into the Layden Intrusive drilled in 2021 did not intersect high-grade mineralization, however there are encouraging geological and geochemical trends within the extensive zones of weaker nickel-copper breccia mineralization that are providing information as to the priority mineralized pulses. The 2021 holes were primarily drilled to better understand the shape, size and internal geology of the newly recognized Layden Intrusive and as platforms for borehole EM surveys. Several BHEM conductor plates were identified from this work in the area of the high-grade Layden Showing and historical hole 08TB-17, and will be drilled with some of the first holes of 2022.

As well the BHEM report recommended extending several holes before resurveying, and that work has commenced. The 2022 program at Taylor Brook is actively following up the approximately 10km Layden trend with detailed helicopter magnetic surveying, large loop surface EM surveys, and, expected in Second Quarter 2022, systematic prospecting and geochemical surveys. Helicopter and vehicle stream sediment sampling is also underway at the nearby Cormack Property with over 100 samples collected to date.