Churchill Resources to acquire Newfoundland gold-antimony property with $5M spend and 45.9M shares.

Churchill Resources has signed a binding letter of intent to acquire 100% of the Golden Baie Antimony-Gold Property in Newfoundland from Canstar Resources, adding 15 high-grade gold-antimony occurrences along a 30km trend. The deal, supported by $9 million in prior exploration, includes 15,137 meters of drilling and geophysical surveys, with notable results like 9.6 g/t Au over 7.75m and 74.4% Sb. Churchill will earn the asset by spending $5 million over 24 months and issuing up to 45.9 million shares, while Canstar retains a 0.5% net smelter royalty. The acquisition strengthens Churchill’s position in a Tier 1 jurisdiction, near existing mines and projects, with immediate access to permits, infrastructure, and local expertise.