TORONTO, June 25, 2018 /CNW/ - Murchison Minerals Ltd.
(the "Company") (MUR-TSXV) is pleased to announce the results
of its 19 hole - 9,004 metre 2018 winter diamond drilling program
(the "Program") on its Brabant-McKenzie Zinc-Copper-Silver deposit
(the "Deposit"), located in North Central Saskatchewan.
HIGHLIGHTS
- Mineralization intercepted in all 19 completed drill holes
- Known limits of mineralization extended
- Results continue to demonstrate high grade nature and
continuity of mineralization
- Developing new polymetallic zone identified above main
mineralized zones
- Multiple zones of mineralization encountered
- Additional drill targets identified for potential tonnage
additions to resources
The Program was designed to test the robustness and
predictability of the geological model in determining
mineralization outside the known limits of the Deposit's previously
reported resource estimate of 1.5 million indicated tonnes grading
7.46% zinc, 0.70% copper and 4.5 million inferred tonnes grading
5.99% zinc and 0.62% copper as outlined in the technical report
filed on SEDAR, dated March 13, 2018
(the "Technical Report").
The Program focused on testing the peripheral edges and infill
drilling in areas of missing information identified within the
Deposit in order 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
to, where possible, identify and test possible higher grade areas
of the Deposit including a newly identified polymetallic zone
located stratigraphically above the main mineralized zones.
The Program was based on down hole geophysics and the new
geological model and utilized 3 drill pads (A, B and C) established
in the 2017 drill program (Figure 1).
Volcanogenic massive sulphide (VMS) style zinc-copper
mineralization was intersected in all diamond drills holes with the
exception of hole BM18-001A which was abandoned at 61 metres due to
excessive deviation (Table 1 and 2).
PAD A
NORTHERN DEPOSIT EXTENT
Four holes were drilled from Pad A and focused on the untested
northern edge of the Deposit. All holes continued to demonstrate
the zonation of elevated copper values in this area of the
Deposit.
BM18-010 intersected 11.66 metres of 2.37% zinc, 0.72%
copper and 28.68 g/t silver (4.88% ZnEq) including 3.24 metres of
5.12% zinc, 0.83% copper and 19.05 g/t silver (7.25%
ZnEq).
BM18-011 intersected 5.34 metres of 2.10% zinc, 1.69%
copper and 32.18 g/t silver (6.26% ZnEq).
Additionally, BM18-15 and BM18-16 continued to
show the continuity of the mineralizing system with significant
zinc grade intercepts including 19.70% zinc over 0.47 metre, 12.30%
zinc over 0.36 metre and 11.00% zinc over 0.42 metre.
PAD B
Six diamond drill holes were drilled from Pad B tested the
central, lateral extent of the Deposit to the south as well as a
newly identified polymetallic zone. This zone could not be included
in the Technical Report's resource estimate because of the poorly
understood continuity of mineralization. All diamond drill
holes intersected mineralization, usually in several zones and all
continued to demonstrate the predictability and apparent continuity
of the mineralizing system of the Deposit.
DEPOSIT CENTRAL LATERAL EXTENT
BM18-013 encountered multiple zones of mineralization
including 3.00 metres of 4.50% zinc, 0.36% copper and 16.14 g/t
silver (5.65% ZnEq).
Additional intercepts included:
- 0.3 metre of 12.80% zinc, 0.17% copper, 6.30 g/t silver (13.75%
ZnEq) and
- 1.00 metre of 3.34%, 1.14% copper, 24.70 g/t silver (6.21%
ZnEq)
BM18-012
intercepted multiple high-grade intercepts of zinc and copper,
including:
- 0.67 metre of 12.10% zinc, 0.64% copper, 16.00 g/t silver
(13.75% ZnEq),
- 3.16 metres of 1.00% zinc, 1.24% copper, 34.16 g/t silver
(4.27% ZnEq)
- 0.99 metre of 7.37% zinc, 0.43% copper, 19.17 g/t silver (8.69%
ZnEq)
POLYMETALLIC ZONES
Diamond drill holes BM18-017, BM18-018, BM18-019 tested the
polymetallic zone and encountered extensive mineralization in all
three holes.
BM18-019 encountered of 6.37 metres of 12.53% zinc, 0.70%
copper and 42.03 g/t silver (14.97% ZnEq).
BM18-017 intercepted multiple zones of high grade
mineralization including:
- 5.40 metres grading 6.35% zinc, 0.68% copper, 63.09 g/t silver
(9.39% ZnEq) and,
- 4.00 metres of 8.11% zinc, 0.47% copper, 72.62g/t silver
(11.06% ZnEq)
- BM18-018 intercepted 1.80 metres of 11.89% zinc, 1.09%
copper, 67.18 g/t silver, (15.82% ZnEq)
PAD C
Pad C was set up to test the southern down dip portion of the
Deposit and add definition between widely spaced previous drill
holes. A total of eight diamond drill holes were completed from
this pad.
DEPOSIT DOWN DIP INFILL
Holes BM18-001, BM18-002, BM18-007, BM18-008, BM18-009 infilled
the potential down dip extension of known mineralization in the
area previously identified during the 2017 diamond drill
program.
As predicted in the geological model and confirmed by drilling,
the continuity and high-grade nature of the mineralization
continues to be demonstrated to depth. Specifically, drilling
confirmed that the mineralization encountered at 950 metres down
dip in the 2017 drilling appears contiguous with the main
Deposit.
BM18-008 focused on a high grade mineralized corridor
identified in the geological model and successfully confirmed its
down dip extent by intersecting 2.61 metres grading 10.95% zinc and
0.52% copper, 11.86 g/t silver (12.26% ZnEq)
BM18-009 intersected 10.78 metres grading 1.58% zinc,
0.48% copper, 12.75 g/t silver (2.83% ZnEq) which included high
grade intercepts of 1.56 metres of 1.85% zinc, 1.41% copper, 37.11
g/t silver (5.52% ZnEq) and 1.68 metres of 3.14% zinc, 0.85%
copper, 22.71 g/t silver (5.38% ZnEq).
High grade intercepts encountered in BM17-007 include
0.36 metre of 10.90% zinc, 0.63% copper, 14.30 g/t silver (12.50%
ZnEq) and 0.40 metre 7.24% zinc, 0.06% copper, 9.28g/t silver
(7.57% ZnEq).
DEPOSIT SOUTHERN LATERAL EXTENT
Diamond drill holes, BM18-003, BM18-004 and BM18-005 were
drilled to test the lateral extent of the Deposit to the south.
While all holes intersected mineralization, results currently
suggest the limit of the Deposit is defined in this area.
Mr. Kent Pearson, CEO
stated, "We are excited about the results of this drill
program, particularly the success in extending the Brabant-McKenzie
deposit's mineralization to depth. Additionally, we continue to be
encouraged by the overall continuity and confirmation of the
deposit's high-grade nature. The results of this program provide
important information to further our understanding of the deposit
and indicate the presence of potential additional resources
adjacent to those already known. Furthermore, additional diamond
drill targets continue to be identified and show the deposit has
further upside potential. The Company plans to
provide an updated resource estimate for the Deposit using the
results from the completed winter and proposed summer exploration
programs as well as from further historical data compilation,
geological modelling and interpretation."
QA/QC
The core was logged and split in a secured core logging
facility. Individual samples were labelled, placed in plastic
sample bags and sealed. Groups of samples were then placed in
security sealed bags and shipped directly to the Saskatchewan
Research Council Laboratories ("SRC") in Saskatoon, Saskatchewan for assay analysis.
SRC used the ICP3 Base Metal Exploration Package for analysis.
Check assays were undertaken by ALS Labs located in Vancouver B.C. Assay results for both methods
were acceptable. SRC and ALS are independent of the Company. Both
SRC and ALS are ISO17025 accredited.
Qualifying Statement
The foregoing scientific and technical disclosures have been
reviewed and approved by Kent
Pearson, P. Geo., and Finley Bakker
P. Geo., and are qualified persons as defined by National
Instrument 43-101. Mr. Bakker is an independent consultant 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 Provincial Highway 102 and is serviced by grid power. The
project consists of one mining lease which hosts the Deposit and an
additional 15 mineral claims totaling 7,031 hectares which cover
approximately 18 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% ZnEq 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% ZnEq 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 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.