Murchison Minerals Ltd (TSX-V:MUR, OTCQB:MURMF, TSX-V:MUR.V) has announced results, analysed using a portable x-ray fluorescence (pXRF), from the first diamond drill hole at the Barre de Fer (BDF) zone, as part of the 2022 summer exploration program, on its 100%-owned Haut-Plateau de la Manicouagan (HPM) project in Quebec, which included 11.5 metres (m) of 2.13% nickel, 0.64% copper, and 0.10% cobalt.
The Canada-based exploration company said the preliminary results indicate the successful delineation of mineralization within the modeled zone of mineralization, as well as confirming extensive expansion beyond the current model.
“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 Minerals CEO Troy Boisjoli said in a statement.
READ: Murchison Minerals rounds out its summer 2022 exploration program at its HPM project in Quebec
“The results demonstrate the processes Murchison has put in place for the 2022 program provide for the greatest opportunity to target the most prospective areas and expand Barre de Fer,” Boisjoli added.
Murchison noted the BDF zone is a high-grade nickel, copper, cobalt zone with currently modelled dimensions of strike length 315m, width of 150m, and depth of 295m.
It added that pXRF analyzers determine the chemistry of a sample by measuring the fluorescent X-ray emitted from a sample when it is excited by a primary X-ray source, and the results only provide an indication of the amount of nickel, copper, and copper present.
Certified assaying of the core samples is still required to accurately determine the amount of mineralization, the company said.
During the 2022 summer exploration program, a total of 13 diamond drill holes were completed comprising 4,316m, Murchison revealed.
As well, the company said it continues to progress towards completion of a maiden resource on the BDF zone, which is expected by early in the first quarter of 2023.
Murchison Minerals is a Canada-based exploration company focused on nickel-copper-cobalt exploration at its 100%-owned HPM project in Quebec and the exploration and development of its 100%-owned Brabant Lake zinc‐copper‐silver project in north‐central Saskatchewan.
Contact Sean at sean@proactiveinvestors.com