Announcement • Aug 30

Churchill Resources Reports Final Assay Results from Spring 2026 Core Drilling and Trenching At Black Raven Project

Churchill Resources Inc. reported final assay results from its Spring 2026 program of core drilling and trenching at the Black Raven Project. The work was focused on both Pomley Cove Pond where the Company’s recent discovery of a potentially extensive polymetallic vein swarm associated with rhyolitic volcanic rocks has been significantly expanded, and a second round of delineation drilling of the Frost Cove North antimony-gold prospect. The Spring program included the drilling of 23 drillholes, with a cumulative depth of 4,267m, along with extensive trenching, channel, and soil sampling. Fourteen holes, totalling 2,979m depth, were dedicated to expanding the PC Pond prospect, and the remaining nine holes (cumulative of 1288m) to delineation work at Frost Cove North; all results reported here. Most holes were surveyed by televiewer to assist with Leapfrog modelling of the PC Pond complex and refining the Frost Cove North geological model. At PC Pond, the 2026 drilling both expanded the Au-Ag-Mo vein swarm and discovered a broad succession of associated felsic extrusive rocks first intersected in hole PC25-02, within the down-dropped portion of a regional graben structure, that appears to be at, or near, the locus of the Black Raven mineralization and quartz-feldspar porphyry dykes. A delineation drilling program for the Fall on the Peninsula Vein Swarm is being planned, to target the strike extents of, and drill the first deep holes into, the mineralized structure. At Frost Cove North the highlight was drillhole FC26-34, targeted on a gap in 2025 delineation drilling, which intersected a project best 19.23% Sb and 0.73 gpt Au over 1.40m, which included an interval of 56.20% Sb over 0.47m. The majority of the other holes intersected polymetallic Au-Ag-Sb-As-Zn mineralization. Churchill interprets these results as indicating that the Black Raven Property potentially contains a large-scale mineralized system in which critical and precious metals occur in association with felsic intrusive (dyke) and extrusive (volcanic flow and breccia) rocks, all centred about PC Pond. PC Pond Gold, Silver, Molybdenum Spring 2026 Highlights Include: 2026 PC Pond drilling intersected a newly recognized felsic volcanic complex that correlates with historical IP chargeability and arsenic-in-soil anomalies, due to its elevated disseminated arsenopyrite contents. Numerous mineralized shear zones/quartz veins were intersected within, and adjacent to, the dome. The Peninsula Vein Swarm and Western Shear Zone are interpreted to be primary fault systems integral to the volcanic complex. The original vein swarm discovery made in November 2025 has now been expanded to an interpreted strike length of at least 200m along strike to the north, from the results of channels in Trench TRPC-02 along the length of the peninsula, and from drillhole PC26-03 at its north end. Systematic channels in the trench exposed numerous sulphide-rich shear zones within both the mafic country rock as well as the brecciated felsic dome rocks carrying 1-5% disseminated arsenopyrite. There is a distinct molybdenum enrichment, as well as potassic and magnetite alteration evident in the centre of the PVS within numerous veins over the core ~100m width in plan-view of the structural corridor. The PVS is interpreted to potentially extend hundreds of metres further to both the north and south and is open at depth where more ductile rocks may have allowed for larger mineralizing systems to form. Elsewhere in the felsic dome complex the alteration, volcanic textures, and isolated mineralized structures suggest a more distal setting. Surface intercepts include the following (weighted averages): 2.47 g/t Au, 78.8 g/t Ag over 1.58 m (TRPC02 – channel 20); 1.21 g/t Au, 51.3 g/t Ag, 918 ppm Mo over 0.57m (TRPC02 – channel 15). Drilling: Hole PC26-03 was targeted to intersect the inferred strike of the PVS approximately 200m to the north of the discoveries and it intersected a portion of the overall structure. Hole PC26-16 targeted to cross the structure ~100m south of Hole PC26-03, intersected encouraging stockwork veining and visible molybdenite mineralization further raising confidence in the PVS being an important fluid conduit. The planned Fall 2026 drill program will commence with extending holes PC26-03 and PC26-16 across the entirety of the PVS, followed by systematic delineation work along strike. Intercepts in PC26-03 include the following (weighted averages): 3.68 g/t Au, 10.7 g/t Ag over 0.67m. Numerous discrete vein and breccia samples returned elevated Au, Ag, and Mo assays throughout the 173m intersection of rhyolite. Intercepts in PC26-16 include the following (weighted averages): Numerous veins returned elevated Au, Ag, and Mo assays. Individual samples assayed high values of 1.67 gpt Au, 135 gpt Ag, 1.10% Pb, 2.28% Zn, and 787 ppm Mo. The best molybdenum intersection on the property was intersected near surface, 1.09% Mo over 0.19m at 8.36m down hole (-45 degree dip). New Copper-Silver-Gold Prospect – Hole PC26-06 Intersection: Drillhole PC26-06 was designed to test a strong arsenic-copper-gold-silver soil anomaly with coincident IP chargeability response. Strong chalcopyrite mineralization was intersected in a broad felsic breccia grading 0.78% Cu, 61.2 gpt Ag, and 0.23 gpt Au over 6.22m. Higher grading material included within the broader interval yielded 1.47% Cu,120.0 gpt Ag, and 0.42 gpt Au over 2.66m. The planned Fall 2026 program will investigate this copper-silver-gold prospect with trenching and drilling. Frost Cove North Antimony-Gold Prospect Spring 2026 Highlights Include: The 2026 program was designed to intersect the Antimony and Gold-Silver-bearing shear zones along the northern 500m of the host structure at low angles to assess the continuity of mineralization, and identify the location of cross structures. Holes FC26-31 and 32 were designed to test the northern strike extent of the historical mine and were successful with hole FC26-31 intersecting two antimony zones with the lower interval grading 3.24% Sb and 0.39gpt Au over 0.74m. Hole FC26-32 drilled at a steeper dip along the same azimuth intersected gold-silver-zinc mineralization. Hole FC26-34 was targeted on a gap in 2025 delineation, ~50m north of the historical shaft, and intersected a project-best 19.23% Sb and 0.73 gpt Au over 1.40m. Holes FC26-35 to 39 did not intersect the antimony shear due to microgranite intrusions along the host quartz-feldspar dyke which appear to have disrupted or redirected the antimony-bearing shear on the east side of the dyke. Holes FC26-35 to FC26-37 did intersect the Au-Ag shear zone which carried low antimony grades as well. Geological and mineralogical information from holes FC26-31 to 39 will allow for a more robust structural-geological Leapfrog model of Frost Cove North.

Churchill Resources Inc. Stock Price

CRI Share Price Performance

CRI Community Narratives

Trending Discussion

Recently Updated Narratives

Snowflake Analysis

Churchill Resources Inc. Key Details

About CRI

Recent CRI News & Updates

Churchill Resources Reports Final Assay Results from Spring 2026 Core Drilling and Trenching At Black Raven Project

New major risk - Market cap size

Here's Why We're Watching Churchill Resources' (CVE:CRI) Cash Burn Situation

Recent updates

Churchill Resources Inc. Competitors

Minco Silver

Viridian Metals

Kingsmen Resources

Eminent Gold