TORONTO, ON — January 5, 2026 — Leads & Copy —
Churchill Resources Inc. (TSXV:CRI.V) has announced maiden intersections of high tenor antimony, along with gold and silver, over 800m of structural continuity near the historic Frost Cove Antimony Mine. The company also reported discovering a potentially extensive polymetallic system at Pomley Cove Pond, with interceptions of high-grade gold, silver, lead, and zinc.
The discoveries are a result of Churchill’s Fall 2025 exploration program at the Black Raven Project, which aimed to evaluate the Frost Cove Mine structure for antimony and explore the potential for broader polymetallic mineralization across the Black Raven Property. The program included 50 diamond drillholes with a total depth of 5,176m, as well as extensive channel and soil sampling. Thirty holes, totaling 2,743m, were dedicated to Frost Cove, and the remaining holes targeted areas at Stewart, Taylor’s Room, and Pomley Cove Pond.
The news release highlights results from 16 Frost Cove drillholes along the northern 400m of the structure, along with all channel samples acquired at Frost Cove and Pomley Cove Pond. Results from thirty-four drillholes are still pending.
Churchill interprets these initial results as confirmation of its preliminary exploration model, suggesting that the Black Raven Property could contain a large-scale mineralized system where strategic and precious metals are genetically linked to felsic intrusive and extrusive rocks. Early indications suggest that antimony at the Frost Cove Mine is a visible indicator of a large volcanic heat source that may have driven multiple pulses of mineral-rich fluids containing antimony, arsenopyrite, and high-grade gold and silver, as well as other metals.
Key highlights from the maiden program include exceptional, high-grade antimony assays from the Frost Cove Mine. Assay results from 16 drill holes and 18 channel samples have defined a shear-hosted zone with structural continuity over a strike length of 800m to depths of approximately 100m. The zone remains open along strike and to depth.
Surface trenching confirmed consistent, high-grade antimony widths across the shear zone:
Trench 11 showed 37.3% Sb over 0.30m within 17.27% antimony over 0.98m in Channel 3, and 16.81% over 0.35m within 7.86% Sb over 0.75m in Channel 4.
Trench 10 showed 43.0% Sb over 0.15m within 6.60% Sb over 1.0m. According to the company, 43% Sb represents an equivalent stibnite purity of approximately 59.97%, approaching the molecular maximum of Sb of 71.7% in stibnite (Sb2S3).
Subsurface drilling intersections include:
15.85% Sb over 0.46m within a broader mineralized interval of 10.1% Sb over 0.94m in hole FC25-21.
9.6% Sb over 0.65m, within a broader interval of 6.25% Sb over 1.0m in hole FC25-14.
6.97% Sb over 0.30m, within 2.64% Sb over 0.8m in hole FC25-11.
A parallel gold-silver system has also been delineated at the Frost Cove Mine trend, hosted in a second arsenopyrite-bearing shear zone 1 to 3m from the antimony shear zone. High grade gold and silver grab samples confirmed by drilling and trenching include:
2.0 g/t Au and 36 g/t Ag over 0.36m in hole FC25-05
2.2 g/t Au and 30 g/t Ag over 0.36m in hole FC25-10
4.4 g/t Au and 44 g/t Ag over 0.60m in hole FC25-14
A new gold-silver vein system at Pomley Cove Pond was also discovered.
Nine systematic channels along separate sulphide-rich shear zones exposed in four trenches, along with extensive soil samples, have confirmed a high-grade gold-silver-lead-zinc-arsenopyrite system approximately 1km northwest of the historical adits at Frost Cove Mine. Weighted averages from surface trenching include:
4.35g/t gold and 132.03 g/t silver over 1.59m (TRPC-04)
3.41% g/t gold and 56.68 g/t silver over 0.69m (TRPC-01)
3.36 g/t gold and 17.75 g/t silver over 1.12m (TRPC-03)
Drilling beneath the discovery trenches concluded on December 19, 2025. Hole PC25-02 extended out under the pond, where silicious felsic rocks with elevated polymetallic assays had been located along the shoreline during the summer. The surface veins were intersected at depth along with several new veins. Hole PC25-02 encountered approximately 150m of brecciated and sulphide mineralized felsic volcanic rocks. Churchill stated that Pomley Cove Pond may be a central point to the overall Black Raven mineralization system.
The company awaits laboratory assays for 14 drill holes along the Frost Cove Mine trend, 12 drill holes and six channel samples at the Taylors Room Prospect, six drill holes at the historic Stewart Gold Mine, and the Pomley Cove drilling.
Churchill anticipates that its 2026 exploration will focus on identified centers of mineralization to expand the antimony and high-grade precious metals footprint across the Black Raven Project. Management is preparing to commence the 2026 exploration season in mid-February.
Churchill’s investigations will continue through 2026 to determine the viability of sensor-based pre-concentration.
The Company is well positioned to re-activate its exploration program at Black Raven in 2026.
Paul Sobie, President of Churchill Resources, stated that the program is the culmination of six months of evaluation and exploration. He noted the high antimony grades at Frost Cove along a structural framework over 800m in length and to a vertical depth of 100m. He added that the discovery of a parallel, high-grade gold-silver shear at Frost Cove, and the newly discovered gold-silver system at Pomley Cove Pond, indicates a polymetallic scale significantly greater than ever previously contemplated.
Conan McIntyre, CEO, added that the polymetallic discoveries alongside high-grade antimony, supports the mission of supporting strategic resource sovereignty and a ‘Made-in-Canada’ antimony supply chain.
The Black Raven Project is a polymetallic exploration asset in Central Newfoundland characterized by antimony mineralization and a perceived gold-silver-antimony system. Churchill’s objective is to evaluate the project’s potential as a small-footprint, high-grade underground mine, intending first to gather sufficient data to support the preparation of initial resource estimates and advance towards the formulization of a National Instrument 43-101 compliant maiden resource, thus positioning the property as a potential primary supply source for North American and European markets.
The project encompasses the past-producing Frost Cove Antimony Mine and Stewart Gold Mine and is located approximately 60km northwest of Gander, Newfoundland, and approximately 100km north of the dormant Beaver Brook Antimony Mine.
Dr. Derek H.C Wilton, P.Geo., FGC, reviewed and approved the technical and scientific information in the news release.
Antimony, gold, silver, lead, zinc, copper and molybdenum samples were collected by Company geologists from drill cores, channel samples, and grab samples. Core samples were halved by saw at the Company’s core facility near Boyd’s Cove. All samples were labelled and securely bound and delivered to the laboratory of SGS Canada Inc. in Lakefield, Ontario, for crushing and pulverizing.
The Company has entered into a twelve-month agreement with Bunt Capital Corporation to provide investor relations services to the Company. The Company will pay Bunt Capital C$7,500 per month plus applicable taxes.
Contact:
Conan McIntyre, Chief Executive Officer
Tel. 416.272.4738
Email: cmcintyre@churchillresources.com
Paul Sobie, President
Tel. 416.365.0930 (o) 647.988.0930 (m)
Email: psobie@churchillresources.com
Source: Churchill Resources
