Murchison Minerals Ltd (TSX-V:MUR, OTCQB:MURMF) has announced assay results from diamond drill holes completed during the summer exploration program at its Haut-Plateau de la Manicouagan project in Quebec.
The drilling took place at the Syrah target, which lies approximately 300 meters northwest of the Barre de Fer zone. Nickel-copper-cobalt mineralization has been traced on surface over a 775-meter strike length, and these drill hole results confirm the presence of extensive disseminated nickel-bearing sulphide mineralization extending to depth.
The company is confident the disseminated mineralization intersected in its first drill program is a key vectoring tool toward the discovery of more massive to semi-massive mineralization within the target area to the south.
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Highlights include 277.3 meters grading 0.22% nickel equivalent (NiEq) or 0.70% copper equivalent (CuEq) (58 to 335.33 m) in SYR22-001, including 30.33 m at 0.33% NiEq or 1.08% CuEq (305.00 to 335.33 m).
Mineralization intersected at Syrah confirms the presence of a large magmatic sulphide system but does not explain the conductive geophysical anomaly. The target remains highly prospective to host high-grade nickel-bearing sulphide mineralization
"Today's release is a confirmation of the upside potential of the HPM project,” said CEO Troy Boisjoli. “Syrah is just one of the many known nickel-bearing sulphide showings along the 5 km BDF Trend, and adjacent 7 km long PYC Trend. The confirmation that mineralization continues at depth, along with how the geoscience has evolved increases our understanding of this extensive nickel-bearing sulphide system that are positioning the HPM project as one of the only true newly discovered nickel-sulphide districts globally."
Murchison also revealed backpack drill results from the initial prospecting program confirming the presence high-grade nickel-copper-cobalt on surface at its Lac Paradis prospect.
Results include 1.55 m of backpack drill core grading 1.43% NiEq or 4.65% CuEq, including 0.37m grading 5.01% NiEq or 16.25% CuEq (0.00 to 0.37 m).
A full breakdown of the results can be found here.
Contact Andrew Kessel at andrew.kessel@proactiveinvestors.com
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