Churchill staked Pelly Bay in 2014 as the claims came open, having purchased the $23million database in advance to ensure strategic staking.  All of the known kimberlites, and all of the high priority target areas were captured with these efforts, and the property has been retained since.  On-going compilations have determined that the known kimberlite field of 26 pipes include 20 which are diamondiferous, and several of these have very high microdiamond counts and are of sufficient size to support open-pit mining.  A comprehensive industry-standard evaluation program is needed to move the project into the prefeasibility stage.

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Pelly Bay Project well-located on tide water in centre of Canada’s primary diamond area:

• BHP Billiton/Diamonds North comprehensive ~$23million exploration database acquired including 1000’s of till samples and diamond recovery records, blanket geophysical coverage  
• 20 confirmed diamondiferous kimberlites of 26 discovered thus far

• Community of Kugaaruk (Pelly Bay) close-by for support, labour – daily commercial flights.  
• Drill already at Kugaaruk, camp/fuel/equipment etc. can be barged up in summer to save fly-in costs  

• Numerous kimberlites and high probability discovery areas – yet to be evaluated

• Known high grade kimberlites not evaluated – Churchill will.

• Churchill plans on flying a high-resolution gravity survey to establish surface size & extensions of known kimberlites, outline new drill targets in overburden covered areas

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