12:25 PM EST, 12/05/2024 (MT Newswires) -- (Updates shares.)

Churchill Resources ( CRICF ) on Thursday said drilling on its Taylor Brook nickel project in Newfoundland & Labrador has been progressing since mid-September and that it is prioritizing the TB-01 nickel target for follow-up exploration.

Drilling is currently shut down for borehole geophysical and optical and acoustic televiewer surveys, the company said.

Churchill said these surveys, assay and geochemical results, are anticipated to generate refined chargeability +/- conductor targets for further drill and trench testing in the first half of 2025.

The company added that it continued soil sampling, lithogeochemical sampling, and prospecting work to assist in identifying potential new targets along the 13-kilometer TB Magmatic Trend, and the new TB West licenses.

"Our Fall 2024 drill program at Taylor Brook has prioritized the TB-01 Target area within the Taylor Brook Gabbro Complex," said Churchill Resources ( CRICF ) Chief Executive Paul Sobie. "We look forward to advancing this prospect while we continue to explore the TB Magmatic Trend and our new TB West licenses."

Shares of the company were last seen up $0.005 to $0.05 on the TSX Venture Exchange.

Price: 0.05, Change: +0.01, Percent Change: +11.11