TORONTO, May 22, 2018 /CNW/ - Murchison Minerals Ltd.
("Murchison" or the "Company") (MUR-TSXV) is pleased to report
geophysical results on its 100% owned Brabant-McKenzie Property
located 175 km northeast of La Ronge,
Saskatchewan. The Company continues to advance the
Brabant-McKenzie Deposit (the "Deposit") and a number of
exploration targets proximal to the Deposit.
Murchison completed an extensive ground Time Domain
Electromagnetic ("TDEM") survey (the "Survey") to the northeast of
the TOM2 target. TOM2 was previously defined as a highly conductive
(6,000 siemens) electromagnetic ("EM") and coincident magnetic
("Mag") body located in close proximity to anomalous surface
geochemical values.
The Survey discovered a significant conductor ("T2T") located
approximately 1.5 kilometres northeast of the TOM2 conductor and
7.0 kilometres south of the Brabant-McKenzie deposit. See Figures 1 and 2. Modelling indicates a
body measuring 400 metres by 310 metres at a depth of 184 metres.
The T2T EM response has a conductivity exceeding 4,400 siemens and
is coincident with anomalous magnetic responses similar to the TOM2
target. In addition to the Anomaly C, D and TOM2 drill targets as
well as Priority 3 anomaly, the identification of this conductor is
significant because it adds another drill target to the
Brabant-McKenzie project and continues to demonstrate the VMS
potential of the geological horizon Murchison is exploring.
The Survey was conducted in March and April 2018 on the TOM Trend geophysical anomaly
and was designed to further define a number of airborne anomalies
identified from a 2011 airborne Vertical Time Domain EM survey. The
program consisted of a ground EM and Mag survey covering five
survey grids. The combined grids extended from the TOM2
target to the northeast for approximately 4.5 kilometres and
covered approximately 40 line kilometres.
The Company is very encouraged with these results and plans to
conduct a regional summer program this year which will include
detailed geological mapping, prospecting and sampling on both the
TOM2 and T2T in order to further define both targets prior to the
next drill program. The Company is also planning a detailed
geophysical survey over the Priority 3 airborne VTEM anomaly this
summer in order to further define its dimensions and conductivity.
Based on results, the Company expects to include this target in its
drill target inventory and to test it during the next drill
program.
Update on Brabant-McKenzie Drill 2018 Program
Over 900
core samples from the 2018 winter drill program at the
Brabant-McKenzie Project were sent for assay during the program and
submitted to SRC Laboratories in Saskatoon, Saskatchewan. Further QAQC is
currently underway and will be conducted 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 and approved by
Kent Pearson, P. Geo., Finley Bakker, P. Geo. and Martin St-Pierre, P. Geo., who 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
resource 1.5 million tonnes grading 7.46% Zn, 0.70% Cu, 0.39% Pb,
31.16 g/t Ag, 10.09% Zn equivalent 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 equivalent as disclosed in the NI 43-101 Technical 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-silver project in North-Central Saskatchewan. The
Company also has 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.