Churchill Resources Says Internal Data Compilation Discrepancies Found in March 18 News Release
Churchill Resources (CRI.V) identified internal data compilation discrepancies in its March 18 news release, it said Friday.The intersections under review were from holes FC25-16, FC25-17, FC25-19, FC25-20, FC25-23, FC25-24, FC25-26, FC25-27, FC25-28 and FC25-29, located in the southern portion of the Frost Cove structure, where high-grade massive stibnite were identified at surface and in the historical Southern Shaft. The company said the verified individual assay data indicate that the mineralized intervals do not support the broader composite intersections previously reported, which were the result of inadvertent data compilation errors.Based on the validated assay data the principal antimony intersections are limited to hole FC25-17, which returned 19,990 parts per million (ppm) antimony (Sb), or 2.00% Sb, over 0.10 metres (m) from 43.02m, and hole FC25-27, which returned 130,011 ppm antimony, or 13.00% Sb, over 0.57m from 50.68m, it said. The most notable gold and silver interval, according to Churchill Resources, occurred in hole FC25-27, which returned 3.74 grams per tonne (g/t) Au and 24.95 g/t Ag over 0.55m.The company also added that all reported intervals are core lengths, and true widths have not yet been determined and may be less than the reported core lengths. Additional surface stripping and trenching at Frost Cove South are needed to better understand the structural complexity of the zone and to evaluate the potential continuation of the high-grade mineralization identified at surface and in the historical Southern Shaft, it said.Shares of the company closed down 3.9% to $0.125 on Thursday on the TSX Venture Exchange.
