Exploration Update
Published: 27/04/2005, 08:30
Churchill Mining plc 27 April 2005 Exploration update The Directors of Churchill Mining PLC ("Churchill) are pleased to update shareholders on the Company's progress since it listed on the 15th April, 2005. Churchill's geological team has now completed preliminary work on the Company's South Woodie-Woodie project and: 1) Identified a substantial extension to the initial target manganese anomaly, which increases the known strike length from 700 metres to in excess of 1.5 kilometres, at least doubling the initial target identified in the studies reported by ANZECO. The newly identified extension has similar characteristics to the already known anomaly described in the Company's Admission Document dated 11 April 2005. 2) Identified at surface an additional manganese anomaly of at least 300 metres in length not previously known. 3) Completed pre-drilling soil and rock sampling over the primary target area and newly identified manganese anomaly, with a total of 125 samples taken which will be processed by independent laboratories in Perth, Western Australia. Results are expected within 2-3 weeks. 4) Conducted further regional mapping in the area, which shall be combined with aerial and satellite photo interpretation as part of a regional study to locate further potential manganese targets. The Directors are encouraged by these early positive results and look forward to updating the market in due course. Churchill Mining plc is a resources company dedicated to focusing on projects associated with the steel and metal manufacturing industries. Currently the company has a manganese exploration project situated in the East Pilbara manganese region of Western Australia, some 50kms south of the Consolidated Minerals / Pilbara Manganese 'Woodie Woodie' manganese mine. Churchill's project comprises of 490 square kilometres of manganese tenements, granted or under application, details of which can be found at www.churchillmining.com For further information please contact - Churchill Mining Plc Paul Mazak - Joint Managing Director Tel: +61 (0) 419 906 060 James Hamilton - Joint Managing Director Tel: +61 (0) 402 186 106 Ruegg & Co Limited Brett Miller Tel: 020 7584 3663 Midas Investment Management Limited Mark Sheppard Tel: 0870 121 1445 The information in the announcement above is based on information compiled by Mr D. J. Holden, who is a Member of The Australian Institute of Mining and Metallurgy, with over 18 years experience in the mining industry. Mr Holden qualifies as a Competent Person as defined in the 1999 edition of the "Australian Code for Reporting of Mineral Resources and Ore reserves". Mr Holden consents to the inclusion in this announcement of the matters based on his information in the form and context in which it appears above. This information is provided by RNS The company news service from the London Stock Exchange