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Churchill Resources Inc ( (TSE:CRI) ) just unveiled an announcement.
Churchill Resources has intersected at least 20 gold-silver-molybdenum-lead-zinc veins within a 150-metre-wide swarm at the Pomley Cove Pond zone on its Black Raven property in Central Newfoundland. Initial “wildcat” drill holes PC25-01 and PC25-02 cut multiple high-grade polymetallic intervals, supporting earlier trench and soil results and indicating continuity from surface to depth.
Management says the discovery reinforces Black Raven’s potential as the core of a large-scale polymetallic system characterized by orogenic gold and intrusion-related veins. On the back of this maiden drill success, Churchill has launched an immediate winter program of 10 trenches and 15–20 additional drill holes to extend the initial holes, test further geophysical and geochemical targets, and follow up at nearby Frost Cove and possibly Taylor’s Room.
The most recent analyst rating on (TSE:CRI) stock is a Sell with a C$0.13 price target. To see the full list of analyst forecasts on Churchill Resources Inc stock, see the TSE:CRI Stock Forecast page.
Spark’s Take on TSE:CRI Stock
According to Spark, TipRanks’ AI Analyst, TSE:CRI is a Neutral.
The score is driven primarily by weak financial performance (no revenue, continued losses, and cash burn), reinforced by bearish technical conditions (price below key moving averages and negative MACD). Valuation contributes little because the negative P/E reflects ongoing losses and no dividend yield is available.
To see Spark’s full report on TSE:CRI stock, click here.
More about Churchill Resources Inc
Churchill Resources Inc. is a mineral exploration company focused on advancing its Black Raven Project in Central Newfoundland. The company targets polymetallic systems hosting gold, silver, molybdenum, lead, zinc and antimony, using geophysical surveys, soil sampling and drilling to define new high-grade discoveries within a historically prospective mining district.
Average Trading Volume: 200,553
Technical Sentiment Signal: Buy
Current Market Cap: C$39.11M
For a thorough assessment of CRI stock, go to TipRanks’ Stock Analysis page.