Churchill Resources Appointments to Board of Directors and Grant of Options
November 28 2023 - 5:05PM
Churchill Resources Inc. (“
Churchill” or the
“
Company”) (
TSXV: CRI) is pleased
to announce the appointments of Mr. Malik Easah as Director and of
Mr. Bill Fisher as Chairman of the Board of Directors of the
Company.
Mr Easah is Executive Chairman of Asante Gold
Corporation (CSE: ASE), a gold production, exploration and
development company with projects in Ghana, including its operating
Bibiani and Chirano gold mines which together produce approximately
250k ounces per year, based on Asante’s projections. Mr. Easah was
a founder and Executive Director of Cardinal Resources Limited
where he played a key role in the discovery and development of the
seven million-ounce Namdini Gold Project in Northern Ghana.
Cardinal Resources was acquired by Shandong Gold Company for
approximately AUS $600 million. Mr. Easah has over fifteen years of
exploration, mining and project development experience, and resides
in Accra, Ghana.
Mr. Fisher P.Geo graduated as a geologist in
1979 and has a proven record of discovery and development including
a number of residential posts in Africa, Australia, Europe and
Canada. Under his leadership, Karmin Exploration discovered the
Aripuanã polymetallic massive sulphide deposits in Brazil,
currently being developed by Nexa Resources. From 1997 to 2001 Mr.
Fisher was Vice President, Exploration for Boliden AB, a major
European mining and smelting company where he was responsible for
35 projects in 9 countries. From 2001 to 2008 Mr. Fisher
transformed GlobeStar Mining Corp. from an exploration company to
an emerging mining company in the Dominican Republic, developing
and financing the Cerro de Maimon copper/gold mine until it was
sold to Perilya for $186 million. Mr. Fisher was CEO of GoldQuest
Mining Corporation when it discovered the 3 million ounce Romero
gold deposit in the Dominican Republic, where he currently serves
as Chairman. Mr. Fisher served as Chairman of Aurelian Resources
which was sold to Kinross Gold for $1.2 Billion after the discovery
of the giant Fruta del Norte gold deposit in Ecuador, currently
being mined by Lundin Gold. Mr. Fisher has recently resigned as
Chairman of Horizonte Minerals, which discovered, acquired and
developed the Tier 1 Araguaia and Vermelho nickel deposits in
Brazil where the project is under construction.
The Company also announces that its board of
directors has approved the grant of an aggregate of nine million of
stock options to certain directors, officers and consultants of the
Company. The options were issued with an exercise price of $0.10
and have a five-year term.
About Churchill Resources Inc.
Churchill Resources Inc. is a Canadian
exploration company focused on high grade, magmatic nickel
sulphides in Canada, principally at its prospective Taylor Brook
and Florence Lake properties in Newfoundland & Labrador. The
Churchill management team, board and its advisors have decades of
combined management experience in mineral exploration and in the
establishment of successful publicly listed mining companies, both
in Canada and around the world. Churchill’s Taylor Brook and
Florence Lake projects have the potential to benefit from the
province’s large and diversified minerals industry, which includes
world class nickel mines and processing facilities, and a
well-developed mineral exploration sector with locally based
drilling and geological expertise. The province was recently ranked
4th in the world for investment attractiveness by the Fraser
Institute in its 2022 annual survey of mining and exploration
companies.
Further Information
For further information regarding Churchill, please contact:
Churchill Resources Inc.Paul Sobie, Chief Executive Officer |
Tel. |
+1 416.365.0930 (o) |
|
+1 647.988.0930 (m) |
Email |
psobie@churchillresources.com |
|
|
Alec Rowlands, Corporate Consultant |
Tel. |
+1 416.721.4732 (m) |
Email |
arowlands@churchillresources.com |
Cautionary Note Regarding Forward Looking
Information
This news release contains "forward-looking
information" and "forward-looking statements" (collectively,
forward-looking statements") within the meaning of the applicable
Canadian securities legislation. All statements, other than
statements of historical fact, are forward-looking statements and
are based on expectations, estimates and projections as at the date
of this news release. Any statement that involves discussions with
respect to predictions, expectations, beliefs, plans, projections,
objectives, assumptions, future events or performance (often but
not always using phrases such as "expects", or "does not expect",
"is expected", "anticipates" or "does not anticipate", "plans",
“proposed”, "budget", "scheduled", "forecasts", "estimates",
"believes" or "intends" or variations of such words and phrases or
stating that certain actions, events or results "may" or "could",
"would", "might" or "will" be taken to occur or be achieved) are
not statements of historical fact and may be forward-looking
statements. In this news release, forward-looking statements relate
to, among other things, the Company’s objectives, goals and
exploration activities conducted and proposed to be conducted at
the Company’s properties; future growth potential of the Company,
including whether any proposed exploration programs at any of the
Company’s properties will be successful; exploration results; and
future exploration plans and costs and financing availability.
These forward-looking statements are based on
reasonable assumptions and estimates of management of the Company
at the time such statements were made. Actual future results may
differ materially as forward-looking statements involve known and
unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements of the Company to
materially differ from any future results, performance or
achievements expressed or implied by such forward-looking
statements. Such factors, among other things, include: the expected
benefits to the Company relating to the exploration conducted and
proposed to be conducted at the Company’s properties; failure to
identify any mineral resources or significant mineralization; the
preliminary nature of metallurgical test results; uncertainties
relating to the availability and costs of financing needed in the
future, including to fund any exploration programs on the Company’s
properties; fluctuations in general macroeconomic conditions;
fluctuations in securities markets; fluctuations in spot and
forward prices of gold, silver, base metals or certain other
commodities; fluctuations in currency markets (such as the Canadian
dollar to United States dollar exchange rate); change in national
and local government, legislation, taxation, controls, regulations
and political or economic developments; risks and hazards
associated with the business of mineral exploration, development
and mining (including environmental hazards, industrial accidents,
unusual or unexpected formations pressures, cave-ins and flooding);
inability to obtain adequate insurance to cover risks and hazards;
the presence of laws and regulations that may impose restrictions
on mining and mineral exploration; employee relations;
relationships with and claims by local communities and indigenous
populations; availability of increasing costs associated with
mining inputs and labour; the speculative nature of mineral
exploration and development (including the risks of obtaining
necessary licenses, permits and approvals from government
authorities); the unlikelihood that properties that are explored
are ultimately developed into producing mines; geological factors;
actual results of current and future exploration; changes in
project parameters as plans continue to be evaluated; soil sampling
results being preliminary in nature and are not conclusive evidence
of the likelihood of a mineral deposit; title to properties; and
those factors described in the most recently filed management’s
discussion and analysis of the Company. Although the
forward-looking statements contained in this news release are based
upon what management of the Company believes, or believed at the
time, to be reasonable assumptions, the Company cannot assure
shareholders that actual results will be consistent with such
forward-looking statements, as there may be other factors that
cause results not to be as anticipated, estimated or intended.
Accordingly, readers should not place undue reliance on
forward-looking statements and information. There can be no
assurance that forward-looking information, or the material factors
or assumptions used to develop such forward-looking information,
will prove to be accurate. The Company does not undertake to
release publicly any revisions for updating any voluntary
forward-looking statements, except as required by applicable
securities law.
Neither the TSXV nor its Regulation Services
Provider (as that term is defined in the policies of the TSXV)
accepts responsibility for the adequacy or accuracy of this news
release.
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