Murchison Expands Brabant Zinc Property, Saskatchewan
Toronto, Ontario (FSCwire) - Murchison Minerals Ltd. (CSE – MUR) (“Murchison” or the “Company”) announces that it has lodged an application for additional mineral claims covering a combined area of approximately 940 hectares, adjacent to its 3,212 hectares Brabant High-Grade Zinc project in northern Saskatchewan. Murchison considers these claims to be prospective for zinc-copper because they cover EM conductor trends identified from the 2011 VTEM survey, but located outside the original boundary of the Brabant property.
Next Steps
In addition to the plan outlined in Murchison’s press release of May 4, 2015, the next steps exploration of the Brabant project area include mineral prospecting and geological mapping of the new mineral claims. Orientation geochemistry surveys will be completed over the conductor trends for base and precious metal response. The program and budget are subject to outcomes and financing.
About Brabant Project
The Brabant project consists of one of the highest grade undeveloped zinc deposits in Canada. Current (2008) mineral resources are 1.475 Mt grading 9.18% zinc, 0.79% copper, 0.23% lead, 32.6 g/t silver and 0.15 g/t gold in Indicated Resources and 2.975 Mt grading 5.55% zinc, 0.55% copper, 0.13% lead, 13.9 g/t silver, 0.10 g/t gold in Inferred Resources. A NI 43-101 Technical Report prepared by MPH Consulting Limited and P&E Consultants Inc., dated September 12, 2008 is available. *Cut-off grades are listed below. A combination of airborne and down-hole EM surveys suggest the orebody, which extends over nearly 1,000 m, remains open in all directions.
See Murchison’s website for details (www.murchisonminerals.com).
The Brabant project is located close to major infrastructure, including all-season road and grid power, 175 km north of La Ronge, Saskatchewan. The Brabant-McKenzie deposit is covered by a mining lease (ML 5054) and is only 46 km from an idled mineral processing mill. According to the Fraser Institute rankings for 2014, Saskatchewan is one of the best mining jurisdictions globally.
About Murchison Minerals
Murchison Minerals Ltd. is a Canadian based exploration company with a diversified portfolio of properties, including the Brabant-McKenzie Zinc-Copper deposit in north-central Saskatchewan, the HPM Nickel/Copper/Cobalt project in Québec and the Cloridorme high alumina shale formation, which is contiguous and essentially an extension of the Marin deposit of Orbite Aluminae located on the Gaspe peninsula in eastern Quebec. Murchison also holds gold claims in the Pickle Lake area of north-western Ontario and approximately 1,200 km2 of licenses for nickel and gold exploration in central Uganda.
Additional information about Murchison Minerals and its exploration projects can be found at www.murchisonminerals.com.
* The metal prices used in the 2008 NI43-101 report: The resource for the Brabant Lake Zinc deposit was estimated on the basis of approximate $US three-year trailing average metal prices of $1.27/lb zinc, $3.02/lb copper, $0.86/lb lead, $12.49/oz silver and $663/oz/gold, and a $US exchange rate of $0.912. An NSR cut-off of $75/t for underground mining and milling was utilized to report the resource. The resource estimate is based on 66 diamond drill holes and 2195 assays.
Qualified Person
William E. Stone, P.Geo., Independent Consultant and a Qualified Person as defined by Canadian National Instrument 43-101, has reviewed and approved the technical information contained in this news release.
For further information contact:
JC Potvin, President and Chief Executive Officer
(416) 350-3997
jcpotvin@murchisonminerals.com
info@murchisonmineralsminerals.com
Disclaimer
The CSE has not reviewed this news release and does not accept responsibility for the adequacy or accuracy of this news release. The CSE has neither approved nor disapproved the contents of this news release.
All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives of the Company, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are exploration risks detailed herein and from time to time in the filings made by the Company with securities regulators.
To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/MurchisonJune252015.pdf
Source: Murchison Minerals Ltd. (CSE:MUR) http://www.murchisonminerals.com/s/Home.asp
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