Ankündigung • Feb 14

Churchill Resources Inc. Reports Balance of 2022 Results and 2023 Drilling Plans for the Taylor Brook and Florence Lake Nickel Projects

Churchill Resources Inc. announced final 2022 results from its work on the Florence Lake and Taylor Brook properties both in Newfoundland and Labrador (NL), Canada. The Florence Lake project consists of four map-staked licenses totalling 316 claims (69km2) located approximately 70km west of the coastal community of Postville in central Labrador. CRI entered into a two-year option agreement with Altius Resources Inc. ("Altius") to acquire a 100% interest in the property, subject to a 1.6% gross sales royalty on any metals produced, in an agreement dated June 24, 2021. The property is host to several Raglan-type ultramafic-hosted massive and disseminated sulphide nickel showings, and was last explored by Falconbridge, and latterly Tapestry Ventures, between 1990 and1997. The CRI work to date has included compilations of all past work, a detailed helicopter VTEM electromagnetic and magnetic survey, and collection of ~2,870 soil samples. Results reported here include 524 additional samples collected and analyzed since the news release on 9 November, 2022. As well the Company has purchased and shipped to Postville much of the heavier items needed for construction of a field camp on the property. Based on Ni, Cu, Co, Cr and Mg anomalies from the 2022 soil sampling work, at least twelve new target areas have been identified along with the known showing areas on the CRI grids. Critically, the new targets represent geochemical footprints that are similar-sized to much larger than the known showings; none of the twelve areas have been drilled in past exploration programs. Metal contents at the new targets are anomalously high, ranging between 500ppm Ni up to 0.16% Ni in sample 904061 from new target area #7 previously unexplored. All these areas are being compiled in detail for drill program planning purposes. As well at Florence Lake the Company is planning a detailed helicopter-based magnetic gradient and LiDAR surveys, both of which will be integrated into the detailed and regional compilations in progress. Work has commenced on an NI43-101 report on the project, which will provide recommended drilling and ground geophysical programs for the upcoming summer/fall field season. The Company is planning on a 5,000m drilling program, based out of a new camp to be established on Florence Lake, and supported out of Postville and Happy Valley-Goose Bay. The Taylor Brook Project consists of eight map-staked licenses containing 685 claims totalling 171.25 km2, of which six licenses totaling 166.5km2 are 100% Churchill owned, and two totalling 4.75km2 are in the 2nd year of 3-year options to earn 100%. Altius retains a 1.6% gross sales royalty on the Churchill licenses. CRI's regional work at Taylor Brook is focused on following a magnetic trend hosting a near- surface linear intrusive body thought to be the conduit to the Ni-Cu-Co-bearing Layden gabbronorite body which has been drilled and channel sampled by the Company over the past 12 months. Examples of massive, net-textured and breccia-type mineralization have been intersected with initial results announced in a news release dated October 11th, 2022. Highlights of the soil sampling results from the first 1888 samples collected on 100m spaced lines were announced on November 9th, 2022, are augmented by an additional 1617 samples collected during October and November, 2022. The 2022 soil sampling results continue to emphasize the anomalous nickel (plus cobalt, chromium and magnesium) values associated with the Layden Intrusive Trend, and critically point to several areas with much more anomalous nickel in soil results then the known outcropping Layden Showing mineralization all to the southeast and towards the Taylor Brook Gabbro Complex. Line-cutting was completed at the TBS-1 anomaly before operations ceased due to heavy snowfall in mid-November. The Company is excited by anomaly TBS-1 which lies on the Taylor Brook South licenses which were added to the original Altius property in 2022. Stripping and trenching will follow detailed prospecting in the Spring. The balance of the Company's 2022 drilling campaign included eleven additional holes beyond the nine holes announced on October 11th, 2022. The highlight from the additional drilling was hole TB22-30 which was drilled to intersect a small BHEM plate within the high-grade southern area of the Layden Intrusive. The hole intersected 1.79% Ni, 0.24% Cu and 0.04% Co over 1.46m at 124.57m representing one of the deeper intersections of high- grade mineralization. Most of the later holes in the 2022 program were drilled for geological purposes to better delineate the Layden gabbronorite intrusive as well as the contained mineralized breccia unit within where low-grade nickel, copper and cobalt values have been intersected over 100+ metres in multiple holes. The Company continues to interpret the breccia unit as proximal and possibly coalescing at depth mineralization to the higher-grade massive sulphides, with interesting metal tenors. Plans for 2023 at Taylor Brook include completing the NI43-101 report in progress, ground CSAMT surveys over Layden and along the trend, and 5000m of drilling, roughly split between deeper holes chasing the high-grade mineralization at Layden to depth, and scout holes into anomalous areas like TBS-1.

Prozentsatz des Geschäftsführergehalts	n/a
Amtszeit als Geschäftsführer	no data
Eigentum des Geschäftsführers	n/a
Durchschnittliche Amtszeit des Managements	4.9yrs
Durchschnittliche Amtszeit der Vorstandsmitglieder	4yrs

Name	Position	Amtszeit	Vergütung	Eigentümerschaft
Paul Sobie	President & Director	4.9yrs	CA$271.20k	1.67% CA$ 528.3k
Paul Robertson	CFO & Corporate Secretary	4.9yrs	CA$120.00k	0.028% CA$ 9.0k
Tasheel Jeerh	Chief Executive Officer	no data	keine Daten	keine Daten

Name	Position	Amtszeit	Vergütung	Eigentümerschaft
Paul Sobie	President & Director	4.9yrs	CA$271.20k	1.67% CA$ 528.3k
William Fisher	Independent Chairman of the Board	4.9yrs	keine Daten	0.29% CA$ 93.1k
Malik Esash	Independent Director	2.5yrs	keine Daten	14.04% CA$ 4.4m
Conan McIntyre	Director	3yrs	keine Daten	2.33% CA$ 737.9k

Daten	Zuletzt aktualisiert (UTC-Zeit)
Unternehmensanalyse	2026/05/24 14:40
Aktienkurs zum Tagesende	2026/05/22 00:00
Gewinne	2026/02/28
Jährliche Einnahmen	2025/08/31

Paket	Daten	Zeitrahmen	Beispiel US-Quelle ^*
Finanzdaten des Unternehmens	10 Jahre	Gewinn- und Verlustrechnung Kapitalflussrechnung Bilanz	SEC-Formular 10-K SEC-Formular 10-Q
Konsensschätzungen der Analysten	+3 Jahre	Finanzielle Vorausschau Kursziele der Analysten	Analysten Research Berichte Blue Matrix
Marktpreise	30 Jahre	Aktienkurse Dividenden, Splits und Aktionen	ICE-Marktdaten SEC-Formular S-1
Eigentümerschaft	10 Jahre	Top-Aktionäre Insiderhandel	SEC-Formular 4 SEC-Formular 13D
Verwaltung	10 Jahre	Das Führungsteam Direktorium	SEC-Formular 10-K SEC-Formular DEF 14A
Wichtige Entwicklungen	10 Jahre	Ankündigungen des Unternehmens	SEC-Formular 8-K

Churchill Resources Management

Management Kriterienprüfungen 2/4

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