Murchison Minerals Ltd (TSX-V:MUR, OTCQB:MURMF) has appointed volcanogenic massive sulfide (VMS) deposits expert Stephen Piercey as a technical advisor for its Brabant-McKenzie (BMK) project in Saskatchewan, the company announced.
Piercey is a research professor in the Department of Earth Sciences at Memorial University, as well as a part-time consultant with SJPGeoConsulting out of St. John's, Newfoundland. He brings a great deal of experience conducting fieldwork in Canada and internationally.
Based on the work Piercey and Murchison's technical team completed this spring, the company believes that the BMK deposit area is prospective to host a copper-rich stockwork zone, similar in style to Foran Mining's Mcllvenna Bay project, according to a statement.
"Dr. Piercey recently visited our BMK project in Saskatchewan, where he has helped to further our technical team's understanding and approach to unlocking the copper potential at BMK,” CEO Troy Boisjoli said in a statement. “Polymetallic VMS deposits, like BMK, are some of the world's most important sources of key critical minerals. These deposit types tend to occur in clusters, [whereas[ the average Canadian VMS camp contains nine deposits.”
Murchison's technical team has also identified a 37 km trend with numerous showings of VMS mineralization, which suggests there is great potential to discover further VMS deposits along strike of the BMK deposit.
To that end, Murchison has staked an additional 75 square km of mineral claims encompassing the entire BMK trend.
“The BMK deposit is the first zone of mineralization that's been discovered and delineated along the 37 km BMK trend; however, our technical team has already discovered numerous additional showings of VMS mineralization within the BMK trend,” Boisjoli said. “As the world continues to transition away from fossil fuels, critical minerals projects, like BMK, will help source the metals needed to power that future. "
Piercey shares the same excitement about the potential of the surrounding area.
"The geological setting of the BMK deposit is similar to other volcaniclastic-hosted deposits globally, including deposits in the Bathurst Mining Camp in New Brunswick,” Piercey said.
“In many cases, volcaniclastic- and sediment-rich environments host high tonnage VMS deposits. ... That these copper-rich zones have yet to be identified in the Brabant Lake region is interesting, but not surprising given the structural/metamorphic setting of the belt. Nevertheless, it suggests that such zones be present in the region and should be considered high priority exploration targets.”
Contact Andrew Kessel at andrew.kessel@proactiveinvestors.com
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