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Murchison Minerals Ltd.
Summary
| Project: | Brabant-McKenzie | |
|---|---|---|
| Deposit: | Brabant-McKenzie | |
| Location: | Canada | |
| Commodities: | Copper-Lead-Silver | |
| Date: | 10/30/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 30-10-2018: Murchison Minerals Ltd. announces a Resource Estimation report for its Brabant-McKenzie deposit at the Brabant-McKenzie project. Amended resource estimation report. Toronto, ON– September 13, 2018 - Murchison Minerals Ltd. (MUR - TSXV) (“Murch | |
| Resources: | (Resource, Ind.): 2.1Mt @ 7.08% Zn, 0.69% Cu, 0.49% Pb, 39.6g/t Ag at project | |
| CP/QP: | [Resources]: Finley Bakker (Finley Bakker Consulting) | |
| ABSTRACT: | Toronto, ON– September 13, 2018 - Murchison Minerals Ltd. (MUR - TSXV) (“Murchison ” or the “Company”) is pleased to provide the results of the updated Mineral Resource estimate (the “September 4, 2018 Mineral Resource Estimate” or the “Estimate”) for the Brabant-McKenzie Deposit (the “Deposit”) located in north-central Saskatchewan. The September 4, 2018 Mineral Resource Estimate was performed by Finley Bakker Consulting, of Campbell River, BC. The new estimate includes the addition of 19 new diamond drill holes totaling 9,004 m which were completed between January and March 2018 by Murchison as well as a comprehensive re-interpretation of the geology of the Deposit using current, historical drilling data and reports. The September 4, 2018 Mineral Resource Estimate was calculated using Minesight/Hexagon 3D modeling software to define the mineralized limits of the Deposit. The results will now be used to further systematically define future exploration programs for the Deposit. Murchison’s CEO and President Kent Pearson stated: “We are excited with the results of the 2018 resource estimate update as we continue to meet our objectives and successfully build on last year’s work on the Brabant-McKenzie Deposit. We believed this Deposit had room for further growth from the previous resource estimate and the increase in the Brabant-McKenzie resource estimate is significant as it demonstrates the potential for a robust deposit. Our geological modelling continues to outline and confirm the mineral continuity and the high-grade nature of the Deposit. Results from this program will be used to design next steps for exploration including additional drilling. We are focused on advancing the Deposit to a stage which is intended to allow us to begin applying economics to it in an effort to determine its viability for development. Our team is committed to advancing the Brabant-McKenzie Deposit based on sound exploration methods and prudent allocation of financial resources as we work to deliver value for our shareholders.” | |
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