TORONTO, May 8, 2018 /CNW/ - Murchison Minerals Ltd.
(the "Company") (MUR-TSXV) is pleased to provide an exploration
update for the Brabant-McKenzie project located 175 km northeast of
La Ronge in Saskatchewan. The Company completed its winter
drill program at the end of March for a total 12,431 metres in 25
holes. The program focused on three drill targets, the
Brabant-McKenzie Deposit (the "Deposit"), Anomaly C and Anomaly
D.
Brabant-McKenzie Deposit
The drill program on the
Deposit was designed to potentially expand the tonnage of the
current inferred resource and, where possible, infill and upgrade
inferred resources to the indicated category. The program was also
designed, where possible, to identify higher grade areas of the
Deposit. The Company completed 19 diamond drill holes for a total
of 9,004 metres from three drill pads - A, B and C. (See Figure 1
and Table 1)
Four holes were drilled from Pad A and focused on the untested
areas on the northern edge of the Deposit.
Six holes were drilled from Pad B and were designed to test both
the lateral areas of the Deposit as well as a polymetallic zone
located stratigraphically above the main mineralized zones. This
zone could not be included in the November
2017 NI 43-101 resource estimate as the continuity of
mineralization was not fully understood. The program's objective
for these holes was to demonstrate enough mineral continuity in the
zone to allow for the potential calculation of a resource
estimate.
Nine holes were drilled from Pad C and focused laterally and on
the previously untested area down dip from the bottom of the
Deposit at approximately 600 metres towards last year's BM17-09
drill hole where mineralization was intercepted at approximately
950 metres.
Anomaly C and Anomaly D
Anomaly C and D were
identified as new drill targets from the 2017 geophysical and
prospecting programs. The Company completed approximately 3,427
metres in six diamond drill holes on both targets. See Figure 2,
Figure 3 and Table 1.
Anomaly C conductor plate is located approximately 1.4
kilometres south of the Deposit. Approximately 1,215 metres were
completed in two drill holes on this target. The plate top edge
begins at approximately 300 metres below surface. The program was
designed to test the highest conductivity and any associated
sulphide mineralization within the modelled conductor plate.
Anomaly D conductor plate is a near-surface target located
approximately 1.5 kilometres southeast of the Deposit. The plate
top edge begins at 20 metres below surface. Anomaly D is a high
conductivity target (2,300 seimens) and similar in dimensions to
the Deposit, measuring approximately 800 metres by 800 metres. The
Company completed approximately 2,212 metres in four drill holes
from two drill pads. The program was designed to test for sulphide
mineralization associated with increasing conductivity at depth
within the modelled conductor plates.
Over 900 core samples were sent for assay during the program and
submitted to SRC Laboratories in Saskatoon, Saskatchewan. Further QAQC will be
undertaken by ALS Labs in Vancouver.
The Company plans to release the full results once all assays
are received and will also provide context and a comprehensive
analysis of the results.
Qualifying Statement
The foregoing scientific and
technical disclosures have been reviewed by Kent Pearson, P. Geo., Finley Bakker, P. Geo. and Martin St-Pierre, P. Geo., are qualified persons
as defined by National Instrument 43-101. Mr. Bakker and Mr.
St-Pierre are independent
consultants to Murchison Minerals Ltd. and the Brabant-McKenzie
Project. Mr. Pearson is President and Chief Executive Officer of
Murchison Minerals Ltd.
About the Brabant-McKenzie Project
The
Brabant-McKenzie project is located 175 km Northeast of
La Ronge, Saskatchewan and
approximately 3 km from the community of Brabant Lake. The area is accessed year round
via Highway 102 and is serviced by grid power. The project consists
of one mining lease which hosts the Deposit and an additional
13 contiguous mineral claims totaling 5,731 hectares which
cover approximately 16 km of strike length over favourable
geological horizons, multiple known mineralized showings and
identified geophysical conductors.
The Brabant-McKenzie Deposit hosts an indicated resource of 1.5
million tonnes grading 7.46% Zn, 0.70% Cu, 0.39% Pb, 31.16 g/t Ag,
10.09% Zn Eq and an inferred resource of 4.5 million tonnes grading
5.99% Zn, 0.62% Cu, 0.39% Pb, 19.39 g/t Ag, 7.99% Zn Eq as
disclosed in the report dated November 25,
2017 and filed on SEDAR on March 13,
2018.
About Murchison Minerals Ltd.
Murchison Minerals Ltd.
is a Canadian based exploration company focused on the exploration
and development of the 100% owned Brabant-McKenzie zinc-copper
project in North-Central Saskatchewan. The Company also has a
diversified portfolio of properties including the HPM
nickel/copper/cobalt project in Quebec and gold projects in the Pickle Lake area of northwestern Ontario.
Additional information about Murchison Minerals and its
exploration projects can be found on the Company's website at
www.murchisonminerals.com.
Forward-Looking Information
Certain
information set forth in this news release may contain
forward-looking information that involves substantial known and
unknown risks and uncertainties. This forward-looking information
is subject to numerous risks and uncertainties, certain of which
are beyond the control of the Company, including, but not limited
to, the impact of general economic conditions, industry conditions,
and dependence upon regulatory approvals. Readers are cautioned
that the assumptions used in the preparation of such information,
although considered reasonable at the time of preparation, may
prove to be imprecise and, as such, undue reliance should not be
placed on forward-looking information. The parties undertake no
obligation to update forward-looking information except as
otherwise may be required by applicable securities law.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
SOURCE Murchison Minerals Ltd.
