Murchison Minerals Ltd. has a range of projects and properties in favourable mining provinces-Saskatchewan, Québec and Ontario. Murchison is focused on its high-grade zinc-copper-silver Brabant-McKenzie project, located in Saskatchewan -- the number one ranked mining jurisdiction globally (Fraser Institute Annual Survey of Mining Companies, 2017).
The Brabant-McKenzie Project is located within excellent surrounding infrastructure including provincial highway, grid power, water and service centres.
The Company announced an updated NI-43-101 indicated and inferred resource estimate on the Brabant-McKenzie deposit (the “Deposit”). The new estimate includes the addition of 19 new diamond drill holes totaling 9,004 metres completed between January and March, 2018. The Deposit continues to demonstrate expansion and exploration potential.
In addition to the Deposit, the Project has identified six priority regional targets of which three are drill ready. Based on the numerous identified mineralized showings and geophysical conductors property wide, the Company believes that the Project has VMS camp scale potential.
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). HPM has high-grade drill intercepts, is open to drill and deposit expansion, and is accessible by road and rail.
Other Canadian holdings include the Pickle Lake Gold project, a portfolio of gold properties covering a land position of approximately 63 km2 in the Pickle Lake gold area of northwestern Ontario. The project is currently under option to Ardiden Ltd of Australia. Murchison retains a 1% NSR on the properties.