Murchison Minerals Ltd (TSX-V:MUR, OTCQB:MURMF) revealed that it has identified high-grade, near surface nickel-copper-cobalt mineralization along a 5 kilometer (km) trend, after it completed a detailed review of data collected during the 2022 exploration program on its wholly-owned Haut-Plateau de la Manicouagan (HPM) project in Quebec.
The Burlington, Ontario-based exploration company said its review culminated in the identification of the BDF Magmatic nickel-copper-cobalt (Ni-Cu-Co) trend.
The BDF Trend extends along a 5 km strike length to the northwest of the Barre de Fer Deposit (BDF Deposit) and contains numerous showings of nickel-bearing sulphide mineralization, and seven high-priority target areas, added Murchison. The company highlighted that all seven targets correspond with nickel sulphide mineralization identified on surface.
In addition, Dr Peter Lightfoot, the technical advisor for Murchison Minerals has reviewed whole rock geochemistry from samples taken during the 2022 exploration program and has identified the geochemical signature of the intrusive rocks that host high-grade Ni-Cu-Co mineralization at the BDF Deposit. Based on his findings, the company has identified a significant number of high-priority targets that have a similar signature to BDF.
Murchison pointed out that the interpretation of whole rock geochemistry has identified the key host rocks as norite and peridotite and expanded the prospectivity of discovering new zones of nickel-bearing sulphide mineralization beyond the BDF Trend.
The identification of the intrusive host rock has led Murchison to stake an additional 313.7 square kilometers of mineral tenements. The newly expanded claim block covers a large area of prospective mafic-ultramafic rocks identified to the east of the previous HPM claim area. As a result, the HPM project area now totals 971.8 km2.
In a statement, Murchison CEO Troy Boisjoli said: "HPM is an exceptional project anchored by access to mature infrastructure, including heavy rail with direct access to ports, road access and hydroelectricity all proximal to the project.”
He added: “High-grade near surface nickel-copper-cobalt mineralization remains completely unconstrained and open at BDF which is located at the start of a 5 km trend containing multiple analogous targets.”
Boisjoli noted that the growth potential at BDF coupled with the discovery potential along the trend has Murchison positioned to define “the next North American nickel district."
Murchison is focused on its HPM project, in Quebec, and the exploration and development of its Brabant Lake zinc‐copper‐silver project, in Saskatchewan.
Contact the author Uttara Choudhury at uttara@proactiveinvestors.com
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