Murchison Minerals Ltd (TSX-V:MUR, OTCQB:MURMF, TSX-V:MUR.V) said that prospecting this summer at its huge HPM (Haut-Plateau de la Manicouagan) project in Quebec had further shown its district-scale nickel-bearing sulphide potential.
The work identified and expanded surface mineralization at previously identified zones and unveiled new regional showings of sulphide mineralization.
Notably, the regional prospecting work only covered a localized portion of the total 648 square kilometre (sq km) area that makes up the HPM project.
"The sheer number of Ni-Cu-Co bearing sulphide showings discovered on surface at HPM property to date is simply remarkable," said vice-president (VP) of exploration John Shmyr.
"We are seeing a distribution of various mafic and ultramafic rock types associated with sulphide mineralization - typical of many producing nickel jurisdictions - which speaks to the scope and scale of the magmatic mineralizing systems present within the intrusive complex that makes up HPM.
READ: Murchison Minerals returns best-yet results from HPM project; hits broad nickel, copper and cobalt zones
"Based on the newly discovered showings as well as the additional high-priority EM targets recently identified by the 2022 VTEM survey, the team is extremely encouraged for future exploration programs at HPM," he added.
At the BDF zone, surface mineralization was further defined in multiple locations, while disseminated mineralization was also identified in an outcrop 120m along strike to the southwest of the BDF zone, the company said. Assays from a grab sample are pending.
Additionally, a strong beep mat anomaly was identified 40m northeast from the disseminated sulphide sample and a prospective electromagnetic (EM) anomaly at BDF has been expanded to a strike length of 600m.
The BDF Zone was re-flown in 2022 in an east-west survey orientation from the previous north-south orientation.
The mineralized footprint at the Syrah zone has now been traced over 780m, with areas of sulphide mineralization having been located to the northeast and southwest. Additionally, at the Malbec area, sulphide mineralization was identified in grab samples, backpack drill holes, and a beep mat anomaly that been traced over around 775m, said Murchison.
Meanwhile, the regional prospecting discovered numerous new showings of sulphide mineralization, outcropping and subcropping at surface including at the newly titled target areas - Taureau, Loup, and Orignal, it added.
"The 2022 program has just scratched the surface at HPM, and what we are finding has us very excited about exploring in an emerging nickel district in Canada," said CEO Troy Boisjoli.
"The program has further demonstrated the district-scale nickel-bearing sulphide potential of HPM. As the world transitions away from fossil fuels, the discovery of Class I nickel, needed to produce batteries, becomes ever more critical."
Murchison is focused on nickel-copper-cobalt exploration at its wholly-owned HPM project in Quebec and the exploration and development of its wholly-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 in Quebec, north of Val d'Or.
Contact the author at giles@proactiveinvestors.com