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by Will Purcell
The critical and specialty minerals stocks box score for Thursday was a terrible 36-151-123 as the TSX Venture
Exchange slid 39 points to 936. Conan McIntyre and Paul Sobie's Churchill Resources Inc. (CRI) was unchanged at 10 cents on 384,000 shares. The company is cheering "exceptional final results" from last year's drill program at its Black Raven project in central Newfoundland.
The good news was led by a 1.98-metre intercept from the Frost Cove antimony prospect, which returned 7.25 per cent antimony -- enough that it juiced the minuscule 0.12-gram-per-tonne gold grade to 28.81 grams of gold equivalent per tonne. It was not alone, as two other holes held one-metre intervals with about 4.8 per cent antimony, while a 2.06-metre zone in another hole graded 6.64 per cent antimony. The company also applauded assays from its Taylor's Room polymetallic prospect.
Mr. Sobie, Churchill's president, led off the cheerleading. "We are confirming elevated antimony assays at Frost Cove along the entire known structure," he enthused, touting an 800-metre length and a 100-metre depth for the feature. He lauded the "potentially commercial grades and thicknesses of stibnite" -- that would be the antimony -- that were reported from numerous locales at surface, and to shallow depths in the drilling. Mr. Sobie also gushed gleefully over a parallel, high-grade gold and silver shear zone at Frost Cove, as well as the results from Taylor's Room and Pomley Cove, as showing polymetallic potential.
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