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Churchill Resources Inc ( (TSE:CRI) ) has issued an update.
Churchill Resources Inc. has released an update on its 2024 fieldwork at the Florence Lake nickel project in Labrador, confirming the nickel-cobalt potential of the Seahorse Lake Intrusive. The company’s sampling revealed a 7.5 km strike length with nickel grades of 0.2-0.32% and cobalt values reaching up to 756ppm, indicating a promising site for further exploration. Additionally, the Baikie Belt area has been prioritized for further detailed work due to its high-grade targets, enhancing the project’s overall appeal. The strategic location near infrastructure and potential hydro-electric power sources further supports the project’s economic prospects.
More about Churchill Resources Inc
Churchill Resources Inc. operates in the mining industry, focusing on the exploration and development of nickel and cobalt resources. The company’s primary project is the Florence Lake nickel project in Labrador, where it is investigating the potential of the Seahorse Lake Intrusive and the Baikie Belt sub-belt for high-grade nickel and cobalt deposits.
Average Trading Volume: 198,687
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$6.53M
For a thorough assessment of CRI stock, go to TipRanks’ Stock Analysis page.
