CRI Churchill Resources Inc

Castle Resources Inc. (TSX VENTURE:CRI) ("Castle" or the "Company") is pleased
to announce the completion of the rehabilitation of the 17 km long haulage
tunnel that connects the Granduc minesite to the haulage road leading directly
to year round port facilities in Stewart, B.C.


"This is a milestone achievement in our efforts to move the Granduc Copper
project forward," stated Mr. Mike Sylvestre, President, CEO & Director of Castle
Resources. "The ability to safely access the mine now clearly positions Castle
as an aggressive mine redevelopment story, with the next objective being the
rehabilitation of strategic underground levels and exploration drifts for
further copper resource definition."


"We would also like to thank Procon Mining and Tunneling's management and crews
for a job well done," continued Mr. Sylvestre. "They had a perfect safety record
and came in on schedule and on budget, a significant achievement given the
length of the tunnel and the fact that it had not been worked in 27 years."


The 17 km long Granduc tunnel was constructed in the mid-1960s by Newmont
Mining, the developer and initial operator of the Granduc Mine. It was
considered an engineering feat, designed for the fast and efficient rail
transportation of ore, people and supplies between the underground mine and the
mill. 


About Castle Resources

Castle is a Toronto-based junior mineral development company focusing on
high-quality, advanced projects. Management's goal is to continue the
redevelopment of the 100% owned past producing Granduc Copper Mine and begin new
exploration activities; as well, management is advancing the Elmtree Gold
Project in New Brunswick toward feasibility in 2011. For more information please
visit the Castle Resources' website at www.castleresources.com.


Disclaimer

Certain statements contained in this news release may contain forward-looking
information within the meaning of Canadian securities laws. Such forward-looking
information is identified by words such as "estimates", "intends", "expects",
"believes", "may", "will" and include, without limitation, statements regarding
the company's plan of business operations (including plans for progressing
assets), estimates regarding mineral resources, projections regarding
mineralization and projected expenditures. There can be no assurance that such
statements will prove to be accurate; actual results and future events could
differ materially from such statements. Factors that could cause actual results
to differ materially include, among others, metal prices, risks inherent in the
mining industry, financing risks, labour risks, uncertainty of mineral resource
estimates, equipment and supply risks, title disputes, regulatory risks and
environmental concerns. Most of these factors are outside the control of the
company. Investors are cautioned not to put undue reliance on forward-looking
information. Except as otherwise required by applicable securities statutes or
regulation, the company expressly disclaims any intent or obligation to update
publicly forward-looking information, whether as a result of new information,
future events or otherwise.


This news release does not constitute an offer to sell or solicitation of an
offer to sell any of the securities in the United States. The securities have
not been and will not be registered under the United States Securities Act of
1933, as amended (the "U.S. Securities Act") or any state securities laws and
may not be offered or sold within the United States or to a U.S. Person unless
registered under the U.S. Securities Act and applicable state securities laws or
an exemption from such registration is available.


To view the figure associated with this release, please visit the following
link: http://media3.marketwire.com/docs/figure1_cri.pdf.

Churchill Resources (TSXV:CRI)
Historical Stock Chart
From Jun 2024 to Jul 2024

Churchill Resources (TSXV:CRI)
Historical Stock Chart
From Jul 2023 to Jul 2024