12:54 PM EDT, 10/20/2025 (MT Newswires) -- Churchill Resources ( CRICF ) on Monday offered an update on its fall exploration program at the Black Raven Property in Newfoundland, which includes the historic Frost Cove Antimony and Stewart Gold mines.

The company mobilized a second drill rig on October 14 and by October 18 had completed 16 core holes totaling 1,470 meters across the north-end of the Frost Cove strike, alongside ten surface trenches. Semi-massive to massive stibnite mineralization was intercepted in 14 of 16 drill holes and in 9 of 10 trenches, hosted within shear zones adjacent to a quartz-feldspar porphyry dyke.

The company said massive stibnite seams 10-20 centimeters thick were noted in trenches about 200 meters and 480 meters south of the mine adit. In addition, a second historic shaft, rediscovered approximately 780 meters south of the primary adit entrance, was found to host a massive antimony vein traceable at surface for roughly 80 meters northwards. Starting October 20, the company will focus one drill rig on delineating a 200-300 meters southern extension of the known Frost Cove strike, with plans for 8 to 12 drill holes in that zone.

Meanwhile, 93 core samples and 48 channel/grab samples from the initial drill-trench work have been submitted to labs, and 673 soil samples have gone for multi-element analysis. A further approximate 1,000 soil samples are to be submitted later in October. Metallurgical testing of composite Frost Cove vein material at SGS Lakefield has demonstrated strong antimony recoveries from standard gravity-flotation flowsheets, with final testing still underway.

Churchill said its Frost Cove evaluation is designed to delineate mineralization both along strike and at depth with the objective of advancing toward a NI 43-101-compliant maiden resource estimate.

Shares of Churchill Resources ( CRICF ) were last seen down $0.005 to $0.19 on the TSX Venture Exchange.

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