Churchill Resources Consolidates Antimony-Gold Assets in Newfoundland

Churchill Resources Inc. has secured an option to acquire a 100% interest in the Golden Baie antimony-gold property in Newfoundland. This agreement bolsters their existing portfolio, including the Black Raven project, enhancing their strategic position within 100km of the Beaver Brook Antimony Mine.

The agreement includes the issuance of up to 45,914,097 common shares and requires $5 million in exploration expenditures over 24 months. Additionally, Canstar Resources Inc. will receive a 0.5% net smelter returns royalty. The Golden Baie property spans nearly 400 square kilometers, featuring key prospects near provincial highways, facilitating access.

Churchill aims to commence data analysis with Canstar experts and initiate fieldwork in 2026, following their successful approach at Black Raven. The deal awaits TSX Venture Exchange approval. This expansion underscores Churchill's commitment to leveraging Newfoundland's rich mineral resources.