Carter’s(US:CRI) Globenewswire·2025-11-26 12:00Core Insights - Churchill Resources Inc. is conducting a comprehensive exploration program at the Black Raven Property, focusing on antimony, gold, and silver, with approximately 5,000m of drilling and extensive sampling [1][3][14] Exploration Program Update - The fall exploration program has successfully completed 48 short holes totaling 4,602m as of November 24, targeting four main prospects: Frost Cove Antimony Mine, Taylor's Room, Stewart Gold Mine, and Pomley Cove Pond [3][4] - The company has submitted 363 core samples and 89 channel samples for assay, with results for the first two batches expected soon [2][3] - Initial soil sampling results have been received, with 993 samples analyzed and approximately 1,200 samples still pending [6][8] Results and Discoveries - Significant mineralization has been confirmed at the Frost Cove Mine, Taylor's Room, and Stewart Mine Prospects, with new polymetallic veins discovered at Pomley Cove [3][4] - Anomalous results include a gold value of 922ppb at Pomley Cove Pond and a copper value of 2050ppm (0.21%) near the Pond [8][12] - The company has identified a new anomaly to the west of the Frost Cove Mine trend area, with ongoing optical-sorting studies aimed at producing high-grade pre-concentrate material [9][10] Future Plans - The drilling program will be extended beyond 5,000m into December, with operations set to restart in February, fully funded by cash on hand [4][5] - The overarching goal is to gather sufficient data for initial resource estimates and to advance towards a National Instrument 43-101 compliant maiden resource [14][15] Strategic Importance - The Black Raven project is positioned as a crucial primary supply source for North American and European markets, addressing the current lack of high-grade antimony supply in North America [14][16] - The project benefits from excellent infrastructure and local expertise, enhancing its potential for successful mineral exploration and development [16][18]