Churchill Resources Confirms Ni-Co Potential of Large Tonnage Seahorse Lake Intrusive at Florence Lake

Core Insights - Churchill Resources Inc. has provided an update on its 2024 fieldwork results at the Florence Lake nickel project, highlighting significant findings related to the Seahorse Lake Intrusive and Baikie Sub-belt [1][2][5] Group 1: Seahorse Lake Intrusive - The Seahorse Lake Ultramafic Intrusive has been confirmed to span approximately 7.5 km by 1 km, with historical grab sampling indicating nickel assays in the range of 0.2% to 0.4% Ni [2][5] - Recent sampling confirmed nickel-cobalt potential, with a notable grab sample grading 756 ppm Co (0.076%) [3][5] - The 2024 results showed consistent nickel grades of 0.2% to 0.32% Ni and cobalt grades ranging from 100 to 756 ppm, with the cobalt value significantly improved over historical results [5][6] Group 2: Baikie Sub-belt - The Baikie Sub-belt has been prioritized for detailed follow-up, with sampling of 43 high-grade targets based on VTEM survey results and soil sampling [4][8] - The volcanic package in the Baikie Sub-belt is encouraging for nickel discoveries, indicating potential for more primitive, nickel-enriched units [9][10] - The collaboration with the Geological Survey team is expected to enhance the exploration efforts in the Baikie and Seahorse Lake areas [10] Group 3: Project Economics and Infrastructure - The Florence Lake project is strategically located about 70 km from the deep-water port of Postville, with proposed infrastructure improvements that could enhance project economics [5] - The presence of nearby hydro-electric power potential is also noted as a significant advantage for the project [5]