Carter’s(US:CRI) Globenewswire·2025-10-20 11:00Core Insights - Churchill Resources Inc. is advancing its exploration program at the Black Raven Property in Central Newfoundland, focusing on antimony, gold, and silver, with a systematic approach that includes 5,000 meters of drilling and extensive trenching [1][3][8] Exploration Progress - The exploration program commenced on September 15, 2025, targeting the historic Frost Cove Antimony Mine first, followed by the Stewart Gold Mine and Taylor's Room Gold-Silver-Lead-Zinc prospect [1][3] - As of October 18, 2025, 16 core holes have been completed with a cumulative depth of 1,470 meters, and ten surface trenches have been sampled [3][4] - Significant antimony mineralization has been intercepted in 14 of the 16 drill holes and in 9 of the 10 surface trenches, indicating a promising mineralization potential [3][4] Mineralization Findings - Massive stibnite seams, typically 10-20 cm thick, have been identified in the shear zone, with notable samples taken from Trenches 3 and 10 [3][4] - A second historic shaft located 780 meters south of the mine entrance has also revealed massive stibnite seam mineralization, traced for approximately 80 meters [3][4] Sample Analysis - A total of 93 core samples and 48 channel and grab samples have been submitted for analysis, with plans for an additional 1,000 samples by the end of October [4][6] - Soil sampling is being utilized as a regional exploration tool, with 673 soil samples submitted for multi-element analysis [4][9] Metallurgical Studies - Preliminary metallurgical studies have shown excellent recoveries of antimony using conventional gravity-flotation techniques, with final results expected soon [6][8] Strategic Importance - The evaluation program aims to define mineralization at depth and along strike, with the goal of establishing a high-grade underground mine to supply North American and European markets [8][9] - Antimony is recognized as a critical mineral for national security and various industrial applications, highlighting the importance of securing a domestic supply [9][10] Project Background - The Black Raven Property is located approximately 60 km northwest of Gander, Newfoundland, and hosts a high-grade polymetallic stockworks vein system [11][12] - The project benefits from excellent infrastructure and a well-developed mineral exploration sector in Newfoundland and Labrador [11][13]