Churchill Resources Confirms Ni-Co Potential of Large Tonnage Seahorse Lake Intrusive at Florence Lake
Seahorse Lake Intrusive
CRI 2024 sampling confirms Ni-Co potential and ~7.5km strike length to the variably exposed Seahorse Intrusion with consistent historical surface grab samples grading 0.2-0.4% nickel and Company 2024 results confirm historical and new exposures with grades or 0.2-0.32% Ni and 100-756ppm Cobalt. The high cobalt value is much improved over the best historical result of 361ppm Co.
13 of 27 CRI samples at Seahorse returned high-interest aluminum undepleted komatiite geochemical signatures, suggesting more primitive, potentially Ni-enriched units may also be present in the volcanic assemblage. This is a very encouraging early sign for Seahorse.
The lone short historical drillhole, TSH96-04, into the eastern margin of the intrusive, also returned nickel values in the 0.2-0.3% range with 0.01%Co from selected short samples between 30-100m downhole. The entire core is available for sampling to the end of hole at 102m.
Baikie Belt
The northern licenses' Baikie Sub-belt high-grade targets have been sampled with prioritization based on prospective komatiite geochemistry/VTEM conductors/high nickel-in-soil sampling highlighting numerous areas for detailed follow-up.
Paul Sobie, CEO, commented:
'Our 2024 fieldwork has confirmed that the Seahorse Lake Ultramafic Intrusive spans some 7.5km x 1km as suggested by its magnetic signature, and found it to outcrop over several impressively large areas. Historical grab sampling by Falconbridge returned pervasive surface nickel assays in the 0.2 to 0.4%Ni range, consistent with similar ultramafic intrusions being evaluated in Ontario, Quebec, BC, and Alaska.
Our 2024 sampling confirmed Seahorse's Ni-Co potential per Table 1 and Figure 1, including a grab sample grading 756ppm Co (0.076%). We plan to cut long channel samples through these large outcrop exposures during fieldwork in 2025 to define nickel content over significant strike lengths and widths, as an important part of our first full 'boots on the ground' season based out of the Florence Lake camp.
On our northern licenses covering the high-grade target Baikie Sub-belt ~5km northwest of Seahorse, we've now sampled most of the 43 priority targets identified from VTEM survey and follow-up soil sampling, allowing for prioritization for detailed prospecting, geology and geophysical surveys this summer.
Florence Lake lies ~70km west of the deep-water port of Postville, an all-weather road proposed along the Labrador coast would pass within 15km, and nearby waterfalls offer hydro-electric power potential, all greatly enhancing project economics.'Figure 1 – Seahorse Lake Total Magnetic Intensity with 2024 and Falconbridge Surface SamplingFigure 2 – Outcropping serpentinized peridotite southern Seahorse Lake Intrusion (note helicopter in distance for scale)Figure 3 – Outcropping serpentinized peridotite central Seahorse Lake IntrusionTable 1 – 2024 Lithogeochemical Sample Selected Analytical ResultsBaikie Belt High-Grade Targets
The Baikie-Sub-belt volcanic package is highly encouraging for nickel discoveries throughout the volcanic stratigraphy, rather than just the Baikie Showing horizon, the primary target of Falconbridge, where a small deposit was delineated. CRI is continuing to sample the ultramafic lavas in the area of priority targets, following the recognition of numerous Al2O3-undepleted ultramafic volcanic areas (i.e., more primitive lavas, associated with nickel mineralization), as stacked targets located throughout the upper Eastern Volcanic areas of the greenstone belt, and importantly also within the more basal Western Volcanics. Kambalda-style nickel sulphide deposits occur primarily in the basal portions of ultramafic volcanic sequences.
Figure 4 following shows the location of 2024 lithogeochemical samples detailed in Table 1, as well as the location of all other CRI surface samples collected since 2021. As well Dr. Derek Wilton has sampled numerous historical drill holes, and NL Government Geological Survey geologists have sampled the rest of the historical drillholes, which data will be available in the near-term to further our compilations of geochemical data and follow-up plans. CRI is in close contact with the Geological Survey team, who are actively assessing the Baikie and Seahorse Lake areas through mapping, lithogeochemistry and age-dating of surface and core samples and who completed their first field season in the Florence Lake area in 2024. The Geological Survey is planning to be active again this summer on our property and the collaboration will be extremely helpful to Churchill.
2024 soil sampling was modest in sample numbers and targeted to assess VTEM conductors lower in the stratigraphy in the Western Volcanics per Figure 5. Moderate nickel anomalies were generated in several areas for follow-up this summer.
The technical and scientific information in this news release has been reviewed and approved by Dr. Derek H.C Wilton, P.Geo., FGC, who is a 'qualified person' as defined under National Instrument 43-101 – Standards of Disclosure for Mineral Projects ('NI 43-101'). Mr. Wilton is an honourary research professor of Economic Geology at Memorial University and is independent of the Company for the purposes of NI 43-101.
The lithogeochemical samples reported here were whole rock pieces, collected from outcrop and historical drill core by Dr. Wilton during fieldwork in September/October 2024. These samples were sealed in labelled plastic bags in the field. All sample bags were photographed and transported to Thunder Bay, ON, by secure courier. The samples were analysed by ALS Geochemistry Ltd. in Thunder Bay using ME-ICP06 whole rock and ME-MS61L analytical protocols. Samples with over limit Ni contents were re-assayed using OG-46 Aqua-Regia overlimit method. Quality control results, including the laboratory's own control samples, were evaluated immediately.1
The soil samples were placed in labelled, sealed kraft paper bags and delivered to Eastern Analytical of Springdale, NL, an ISO/IEC 17025 certified facility. The samples were analysed using ICP 34 (inductively coupled plasma) analytical protocols. Samples with over limit Ni contents were re-assayed using Eastern's Ore Grade Assay (multi acid digestion) overlimit method. Quality control results, including the laboratory's control samples, were evaluated immediately.Figure 4 – CRI Lithogeochemical Samples 2021-2024 in Baikie Sub-beltFigure 5 – CRI Soil Samples 2022-2024 in Baikie Sub-belt on detailed CRI magnetics
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.
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)
psobie@churchillresources.com
Alec Rowlands, Corporate Consultant
Tel.
+1 416.721.4732 (m)
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.
1 The Company reminds investors that surface rock samples are select samples and may not be representative of all mineralization on the Florence Lake property.
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Cooling Fabrics Market worth $4.08 billion by 2030, at a CAGR of 7.1%, says MarketsandMarkets™
By GlobeNewswire Published on August 18, 2025, 04:30 IST Delray Beach, FL, Aug. 17, 2025 (GLOBE NEWSWIRE) — The Cooling Fabrics Market is anticipated to grow from USD 2.70 billion in 2024 to USD 4.08 billion by 2030, at a CAGR of 7.1% during the forecast period. Several unique factors are driving the cooling fabrics market. One of the key factors is the growing application of cooling fabrics in the healthcare industry, which are applied in medical apparel to keep patients comfortable in hospitals or for patients who receive heat-sensitive treatments. Extraordinary fabrications have been increasingly found useful for uniforms worn by workers working at extremely hot locations like construction sites or factories, wherein a person has to avoid excessive heat stress for safe productivity—more stringent demands regarding tailored and customized fashion become a dominant driver within the industry. Consumers are also becoming focused on clothing that could suit their practical requirements while keeping them within individual taste preferences that enhance the requirement for such customized cooling fabrics. Higher connectivity to online platforms increases product penetration within the parameters of a cooling fabric; consequently, more prominent brands can make an opportunity to reach out to broader global markets as they develop concentrated marketing activities targeting such needs for sportswear or gear-related applications. Download PDF Brochure: Browse in-depth TOC on 'Cooling Fabrics Market' 313 – Market Data Tables 53 – Figures 252 – Pages List of Key Players in Cooling Fabrics Market: Coolcore (US) Nan Ya Plastics Corporation (Taiwan) Ahlstrom (Finland) Nilit (Israel) Polartec (US) Texray Industrial Co., Ltd. (Taiwan) Formosa Taffeta Co., Ltd. (Taiwan) Asahi Kasei Corporation (Japan) Everest Textile Co., Ltd. (Taiwan) Nanotex (US) Burlington (US) Libolon (Taiwan) Columbia Sportswear Company (US) Drivers, Opportunities and Challenges in Cooling Fabrics Market: Drivers: Rising demand for sportswear clothing and urbanization and surge in standard of living Restraint: High price of cooling fabrics compared to regular fabrics Opportunity: Rising applications of cooling fabrics in the medical and healthcare sector Challenge: Limited market presence Get Sample Pages: Key Findings of the Study: By type, the synthetic segment is estimated to be the largest segment of the cooling fabrics market from 2024 to 2030 by value. By textile type, the woven segment is estimated to account for the second-largest share of the cooling fabrics market by value during the forecast period. By application, protective wear is projected to be the fastest-growing segment of the cooling fabrics market by value during the forecast period. By region, Asia Pacific is estimated to account for the fastest-growing segment of the cooling fabrics market from 2024 to 2030. Based on the by-type, the synthetic segment is the most significant in the cooling fabrics market type segment. Synthetic cooling fabrics will dominate the global market in the forecast period. This is because it would be the best performer with economic benefits. Synthetic materials like polyester, nylon, and polypropylene are highly employed in cooling textiles. Such materials are moisture-wicking, quick-drying, and breathable. Therefore, they provide better thermoregulation properties. They would be an appropriate choice for high-performance applications of sportswear and activewear. The demand for synthetic fibers is much higher in challenging environments as these fibers are much stronger and hard to tear. Advanced cooling technologies can even be embedded into synthetic fibers for better comfort. Microfibers and phase-change materials, for instance, can be embedded inside synthetic fibers, while mass-producing synthetic fibers may be done quickly at a lower cost than natural fiber. Synthetic fabrics have enabled advanced flexibility in design. Thus, manufacturers can now produce a wide range of cooling apparel according to specific market segments. The reduction of costs in production and the very high functionality of synthetic cooling fabrics have created a preference for manufacturers and consumers. These factors have made them take the lead in the market. With advances in synthetic fibers still ongoing, the segment is likely to continue in a strong position owing to continued improvements in the characteristics and performance of fabrics. Based on textile type, the knitted segment held the most significant global cooling fabrics market share in 2023. The knitted segment accounted for the highest share of the global cooling fabrics market in 2023, as it inherently provides comfort and flexibility benefits. Knitted fabrics have good breathability with high stretchability, thus providing optimal fit and increased comfort, making the product best suited for application in cooling. Due to the elasticity of knitted fabrics, they tend to follow the movement of the human body. Thus, the fabrics can provide improved moisture-wicking and temperature-regulating properties, as are the inherent requirements of cooling fabrics. Knitted fabrics offer excellent ventilation and support airflow and evaporation processes, ensuring the coolness and dryness of the wearer's skin. Furthermore, these highly durable fabrics allow multiple use cycles before losing cooling efficiencies. Since their multifunctional features allow comfort and performance, they have a high demand for sportswear, activewear, and leisurewear. The fabric's cooling performance has also significantly improved due to developments in knitting technology that have helped produce specialized cooling fibers. In this sense, different kinds of fibers can be incorporated within the knitted structure of fabrics, allowing for enhanced functionality by giving the designers much flexibility in their products. The versatility and performance of knitted fabrics establish it as a dominant force in the cooling fabrics market. Get Customization on this Report: Based on application, the sports apparel segment accounted for the largest share of the overall cooling fabrics market in 2023, as there is increased demand for high-performance functional clothes among athletes and fitness enthusiasts. Cooling fabrics are excellent products for sports and outdoor activities in terms of moisture management, breathability, and temperature regulation. More energetic lifestyles and increased good health awareness have made more people interested in sports and exercise activities. The demand for high-performance sportswear has, therefore, increased. Innovative technologies, including improvements in the production processes of textiles, such as phase change material, microencapsulation, and advanced synthetic materials that enhance the cooling effects and overall comfort of sporting apparel, have also improved. Global temperatures are increasing, and heat waves are becoming longer. The demand for comfort clothing that offers thermal comfort and reduces heat stress has increased. Large sportswear companies are incorporating cooling fabrics to keep up with the shift in consumer demand for performance-based and environmentally friendly apparel. Increased disposable incomes and urbanization also have a decisive role in raising expenditure on premium athletic wear. This would involve surging athleisure trends, which involve sportswear wear for daily dressing, as well as growing e-commerce platforms that make innovative sports apparel global, thus facilitating this segment's dominant position within the cooling fabrics market. By region, North America dominates the cooling fabrics market. Several major drivers and encouraging factors in North America will dominate the cooling fabrics market. North America emerged as a leader in the cooling fabrics market in the presence of major players and with advancements in technology in textile manufacturing. Demand for performance fabric in sports, fitness, and outdoor activities is rising, which boosts the market. Consumers' comfort and moisture management requirements have made wide acceptance of cooling fabrics, brought about by increasing awareness for health and the popularity of the athleisure wear product line. The region's weather conditions are extremely hot summers, which have increased thermoregulation and heat-reducing demand for fabric. North America also provides significant investments in research and development. Innovative products, including newer cooling technologies, are expected. Strong end-use industries for these textiles, sportswear, medical, and military tend to push demand for such materials firmly. This region has a better disposable income besides its receptivity to accepting premium technologically advanced products, which helps facilitate entry. There are also supportive government policies concerning using sustainable textiles to meet the demand for environment-friendly cooling material. Growing outdoor recreations, besides the growing interest of people in fitness, have propelled functions among consumers. In conclusion, leading players in the cooling fabrics market have built strong distribution networks across North America, ensuring full product availability and strengthening the region's market dominance. Coolcore Coolcore produces sport-specific and fashion-focused, technologically advanced cooling textiles meant for athletic wear and general use moisture-wicking clothes. Its chemical-free fabulous fabrics feature three main actions: wicking, circulating moisture, and controlled evaporation. Patented technologies within every line of its fabric help increase the enhanced transport benefits with its moisture-wicking features over conventional clothing fabrics. Nan Ya Plastics Corporation Nan Ya Plastics Corporation is a Taiwan-based company and subsidiary of the Formosa Plastics Group. It is one of the leading companies in the cooling fabrics market. The company functions through several business segments: Plastics Products, Materials, Electronic Materials, and Polyester Products. Cooling fabrics fall under the category of Polyester Product segment, which also indicates the company's capabilities in synthetic fibers. Besides cooling textiles, the company offers a vast gamut of plastic materials – PVC, PET, PS engineering plastics, synthetic rubber, etc. Its applications vary broadly throughout textiles, sports, leisure industries, electronics, car engineering, construction, packing material, aerospace, military sectors, and even oil refineries. Browse Adjacent Markets Yarns, Fabric and Textile Market Research Reports & Consulting Related Reports: Medical Filtration Market Sodium Silicate Market Mining Lubricants Market Precipitated Silica Market Gold Nanoparticles Market Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. 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