Churchill Discovers 20 Gold-Silver-Molybdenum-Lead-Zinc Veins Within a 150m Wide Swarm at Pomley Cove Pond, Black Raven Property
Churchill Resources Inc.
The most recent news (Feb 25, 2026) reports significant drill results from the Pomley Cove Pond target at the Black Raven Project in Newfoundland. Drilling intersected a 150m wide zone containing at least 20 polymetallic veins. High-grade intercepts include 4.77 g/t Au, 118.4 g/t Ag, 4.05% Pb, and 9.6% Zn over 0.31m. This follows the Feb 17, 2026, announcement of a binding LOI to acquire a 100% interest in the Golden Baie Antimony-Gold Property from Canstar Resources, which significantly expands the company's footprint in the Central Newfoundland gold-antimony belt.
The news is Routine - Positive. While the discovery of 20 veins in a single swarm indicates a robust mineralizing system, the intercept widths reported (0.20m to 1.37m) are narrow. The "Game Changer" potential is tempered by the fact that these are early-stage exploration results and the company is using very aggressive metal price assumptions ($3,000 gold, $45 silver) to calculate Gold Equivalent (Au Eq) values. However, the consolidation of Golden Baie is strategically material as it adds a project with over 15,000m of historical drilling and high-grade antimony (30.6% Sb over 1m) to the portfolio, positioning Churchill as a dominant player in the "Made-in-Canada" antimony supply chain narrative.
Churchill Resources is a Canadian explorer focused on critical minerals (Antimony, Nickel, Copper, Cobalt) and precious metals in Newfoundland and Labrador. - Flagship Project: Black Raven (Newfoundland), hosting the past-producing Frost Cove Antimony Mine and Stewart Gold Mine. - Secondary Projects: Taylor Brook (Ni-Cu-Co-V-Ti) and Florence Lake (Nickel).