TORONTO, Feb. 25, 2019 /CNW/ - Murchison Minerals Ltd.
("Murchison" or the "Company") (TSXV: MUR) is pleased
to announce that it has added another 5,589 hectares of mineral
land holdings at the Zn/Cu/Ag Brabant Lake VMS project located in
north-central Saskatchewan, after
tripling the size of the project area earlier this year. The
Company now controls 278 km2 over a strike length of
approximately 35 km. The basic interpretation is that mafic rocks
in the Brabant Lake area provide
first-order exploration targets for VMS-style copper-zinc
mineralization hence Murchison staked new claims based on
favourable geological horizons, multiple known mineralized showings
and identified geophysical conductors and their potential
extensions.
The final report on the airborne survey completed in early
January by Geotech Ltd.'s Versatile Time-Domain Electromagnetic
(VTEM™ Max) geophysical system is expected in the near term. A
number of these EM conductors identified in the VTEM survey share
similar characteristics with those registered over the wholly-owned
Brabant-McKenzie VMS deposit where a resource of 2.1 million tonnes
averaging 9.98% Zn equivalent in the indicated and 7.6 million
tonnes averaging 6.29% Zn equivalent in the inferred categories has
already been identified. Previous studies on the Brabant-McKenzie
VMS deposit concluded that it lies in a similar geological setting
and is of the same age as the Flin Flon VMS mining camp in
Manitoba. The Company plans to follow up with a field
prospecting program starting late spring 2019.
Murchison is also pleased to be returning to PDAC this year
hosted from March
4th to the 7th. PDAC
International Convention, Trade Show & Investors Exchange is
the world's leading convention for people, companies and
organizations in, or connected with, mineral exploration.
The Company will be exhibiting at Booth
#2111 on the Investors Exchange
floor at the MTCC from 10:00am to
5:00pm on Sunday to Tuesday and 9:00am to 12:00pm on Wednesday. There is an open
invitation to all shareholders and investors to visit with
management and staff over the 4-day period and to take the
opportunity to review drill core, data from recent drilling and
learn of exploration plans for the 2019 season.
About the Brabant-McKenzie Project:
The Brabant-McKenzie project is located 175 kilometres northeast
of La Ronge, Saskatchewan and
approximately three kilometres 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
Brabant-McKenzie VMS deposit, and an additional mineral claims
totalling 27,800 hectares, which cover approximately 35 kilometres
of strike length over favourable geological horizons, multiple
known mineralized showings and identified geophysical
conductors.
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 a 50%
interest in the HPM nickel/copper/cobalt project in Quebec. Murchison has 44.2 million shares
issued and outstanding.
Additional information about Murchison 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.