- Churchill Resources (CRI) announced re-sampling of historical core at its Florence Lake Project has confirmed high-grade nickel tenors
- The evaluation-stage Florence Lake Project is located in Labrador
- The discovery will help define methods for future exploration on the property
- In addition, results represent the first Platinum, Palladium and Gold values reported from the 1996 drilling on the project
- Churchill Resources is up 8.7 per cent, trading at $0.25 at 10:33 am ET
Churchill Resources (CRI) announced re-sampling of historical core at its Florence Lake Project has confirmed high-grade nickel tenors.
The discovery will help define methods for future exploration on the property.
The evaluation-stage Florence Lake Project is located in Labrador.
The 1992-1993 core holes were stored in the NL Government Core Facility but were not ideal for due-diligence sampling work.
The 1996 core originally sampled by Tapestry Ventures was found stored intact in a rack on the property at the original campsite, and was recovered.
All drill holes sampled are from the Baikie Showing at Florence Lake, which has been shown to extend approximately 110 metres along strike and 90 metres depth from previous work.
Highlights recognized assays running to 8.00 per cent nickel over 1.25 metres within a broader interval of 7.7 metres grading 2.17 per cent nickel.
Cobalt and PGE tenors are interesting, and results represent the first Platinum, Palladium and Gold values reported from the 1996 drilling on the project.
The Toronto-based company has also started fieldwork at its Taylor Brook Project in western Newfoundland, with drilling and road-clearing equipment on the property.
Churchill Resources is up 8.7 per cent, trading at $0.25 at 10:33 am ET.
