Company
CVE:MUR
Murchison Minerals Ltd is a Canada-based exploration company focused on nickel-copper-cobalt exploration at the 100%-owned HPM Project in Quebec and the exploration and development of the 100%-owned Brabant Lake zinc‐copper‐silver project in north‐central Saskatchewan. The company also holds an option to earn 100% interest in the Barraute VMS exploration project also located in Quebec, north of Val d’Or.
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The work identified and expanded surface mineralization at previously identified zones and unveiled new regional showings of sulphide mineralization
Murchison is progressing toward establishing a maiden resource for the Barre de Fer zone, part of the HPM project, by early 1Q of 2023
“Preliminary pXRF results from the first hole at Barre de Fer for the 2022 summer exploration program are extremely encouraging and highlight the potential for significant expansion of nickel-copper-cobalt mineralization,” Murchison Mineral
An aerial geophysical survey resulted in the identification of numerous highly prospective EM anomalies, indicative of potential nickel-copper-cobalt mineralization, and the company expanding the project area to 648 square kilometers
“The team is eager to drill test numerous prospective areas for expansion of the BDF Zone in anticipation of producing a near surface high-grade nickel mineral resource estimate later this year,” Murchison Minerals CEO Troy Boisjoli said
“The objectives for the program are to expand and define high-grade nickel, copper, cobalt mineralization at Barre de Fer and Syrah, and continue to build a portfolio of highly prospective de-risked exploration targets,” said Murchison Mine
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A glance at some of the day's highlights from the Proactive Investors US and Canada newswires
“This is truly an exciting time for the company as we are preparing to move forward with our summer drill program at our HPM nickel-copper-cobalt project in Quebec - where our focus will be on developing the Barre de Fer Zone towards a maid
The financing will be supported by strategic investor Michael Gentile and Murchison's largest shareholder Donald K Johnson, who are expected to participate in the offering and maintain their current ownership positions
CEO Troy Boisjoli said: "The results to date support our assessment that the HPM project is an emerging nickel-copper-cobalt district”
The modeling of previous exploration demonstrates the camp-scale potential of the HPM project, CEO Troy Boisjoli told shareholders
Each warrant holder that exercises their warrants before April 15, 2022, will receive one-half of an additional common share purchase warrant
The company’s strategy is simple: seek out energy metal plays that have camp-scale potential, establish a dominant land position in the area, and use the latest technologies available to pinpoint the deposit
One hole intersected five broad zones of the same mineralization totaling 69.9 (m) metres of composite thickness, including 39.5m grading 0.24% NiEq (nickel equivalent), including 7.6m at 0.37% NiEq and 1.26% NiEq over 0.58m
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