Murchison Minerals Ltd. is focused on its high-grade zinc-copper-silver Brabant-McKenzie project, located in Saskatchewan -- the number one ranked mining jurisdiction in Canada (Fraser Institute Annual Survey 2018). The Brabant McKenzie VMS deposit with 2.1 MT @ 10% Zn eq. (Indicated) and 7.7 MT @6.3% Zn eq. (Inferred) remains open for expansion.
The company’s flagship project is a 100%-owned and is located at 175 kilometres northeast of La Ronge within excellent surrounding infrastructure including provincial highway, grid power, water and service centres. The deposit contains indicated and inferred resources of almost 10 million tonnes and is open to expansion. The surrounding 430 km2 land package is highly prospective for additional VMS deposits, which tend to occur in clusters.
A VTEM airborne survey completed in January 2019 identified some 29 coincident EM and magnetic conductors, a number of which that mirror the signature of Brabant-Mckenzie. Twelve high priority drill targets have been chosen for drilling starting in late January 2020.
The company added 5 claim blocks (Henry series) covering 51 km2 in November 2019. These new claims were selected based on the interpretation and modelling of a VTEM airborne survey completed north of the Brabant McKenzie deposit and contiguous to the existing lands held by Murchison.
The company also staked in December 2019 an additional 56 km2 in one claim block (M Claim Block) located to the east and contiguous to the existing claims held by Murchison. This claims cover 12 significant EM conductors identified on the review and interpretation of data collected by an airborne survey completed in 1968.
These recent acquisitions will be explored during the next field season in 2020.
Murchison also owns 100% of the HPM nickel-copper-cobalt project in Quebec. HPM has high-grade drill intercepts including 1.74% Ni, 0.9% Cu and 0.09% Co over 43.2 meters. The deposit remains open for expansion and is in close proximity to roads and rail.
The HPM property is located at 290 kilometres northeast of Baie-Comeau. The property is associated with the Manicouagan Metamorphic Complex and hosts several nickel-copper-cobalt occurrences.
Murchison is the operator of the HPM nickel project and has equal ownership in the project with joint venture partner Pure Nickel Inc. (TSXV:NIC).
Both projects have excellent infrastructure, including access to all-weather roads and power lines. Saskatchewan and Quebec were ranked the 3rd and 4th most attractive mining jurisdictions worldwide in the 2018 survey of mining companies conducted by the Fraser Institute.
Other Canadian holdings include the Pickle Lake Gold project, a portfolio of properties covering a land position of approximately 63 km2 in the Pickle Lake gold camp of northwestern Ontario. The project is currently under option to Ardiden Ltd of Australia. Murchison retains a 1% NSR.