Murchison Minerals Ltd.
Murchison Minerals Ltd. is a Canadian-based exploration company focused on the exploration and development of its 100%-owned flagship high-grade Brabant Lake zinc-copper-silver project, located in north-central Saskatchewan, Canada.
The Company also own 100 per cent of the Haut Plateau de la Manicouagan (HPM) nickel-copper-cobalt project in Quebec, Canada.
Both projects have excellent infrastructure. Saskatchewan and Quebec were ranked the 3rd and 4th most attractive mining jurisdictions worldwide in the 2018 survey of mining companies conducted by the Fraser Institute.
(1) Brabant Lake Zinc-Copper-Silver Project, Saskatchewan (Flagship Project)
Murchison’s 100%-owned (no royalties) flagship Brabant Lake Project is located 175 kilometres northeast of La Ronge, Saskatchewan, and approximately three kilometres from the community of Brabant Lake. The area is accessed year-round via provincial Highway 102 and is serviced by a power grid. The Project lies in the same geological environment as the Flin Flon, Lalor Lake, Lynn Lake and Snow Lake Deposits.
The Project consists of one mining lease, which hosts the Brabant-McKenzie VMS deposit, and additional mineral claims which totals 566 square kilometres, extending over 57 kilometres of strike length over favourable geological horizons, multiple known mineral showings and identified geophysical conductors.
The Brabant-McKenzie VMS deposit has National Instrument 43-101 resources of:
The Brabant-McKenzie deposit ranks as one of the highest grade zinc deposits amongst its peers. 2018 drilling results confirmed the high-grade nature of the deposit. The Brabant McKenzie VMS deposit remains open for expansion.
Murchison has selected 12 high priority drill targets from 30 coincident EM/magnetic anomalies identified in the January 2019 airborne VTEM survey and from ground geophysics. Half of these targets lie along a 12-kilometre trend interpreted as being the same geological horizon that hosts the Brabant-McKenzie deposit. Murchison initiated a minimum, 4,000-metre drill program to test these targets starting in late January 2020.
Significant Exploration Potential:
Planned Activities 2020
(2) Haut Plateau de la Manicouagan (HPM) Nickel-Copper-Cobalt Project, Quebec
The 100%-owned HPM property is located between Baie-Comeau and Fermont, Québec, about 20 kilometres from an all-season road connecting the two communities. The HPM property lies within the Manicouagan Metamorphic Complex and hosts several nickel-copper-cobalt occurrences. The Project has recently doubled in size to 58.3 square kilometres, and is in close proximity to roads and rail.
The HPM property covers the prospective geological unit that hosts significant nickel, copper and cobalt mineralization identified by a total of 32 diamond drill holes (6,479 metres) completed in 2001/2002 and 2008.
The two main historical prospects identified are Barre de Fer and PYC:
The HPM property has numerous high-grade Nickel intervals from the 2008 drill program and the deposit remains open for expansion.
Next Steps: Prospecting and exploration drilling program
Management and Directors
Jean-Charles (JC) Potvin, B.Sc. (Hon), MBA, President & CEO, Chairman
Co-founder of the Company
President and CEO of Pangea Goldfields Inc. acquired by Barrick Gold Corporation for $204 million in 2000
Previously Director, Vice-President and top-ranked Equity Research Gold Analyst with Burns Fry/ BMO Nesbitt Burns
Currently a director of Azimut Exploration Inc., Golden Sun Resources and Gold Reserve Inc.
Denis C. Arsenault, B.Comm., Director, Independent
Chair of the Audit Committee and member of the Compensation Committee
More than 29 years of professional experience with extensive board and governance committee experience
Held senior financial positions in a range of sectors including mining and resources
Donald K. Johnson, B.Eng., MBA, O.C., Director
Currently serves as a member of the Advisory Board of BMO Capital Markets
Former President of Burns Fry
Former Vice Chairman of BMO Nesbitt Burns
Formerly a Director of the Toronto Stock Exchange and Chairman of the Investment Dealers Association of Canada
Currently Emeritus Chairman of Goeasy Limited
Officer of the Order of Canada
David Pyper, B.Eng., MBA, Director, Independent
Chair of the Compensation Committee and member of the Audit Committee
Managing Partner at Blair Franklin Capital Partners Inc. of Toronto
Over 24 years of M&A and corporate finance experience in a wide variety of industries
Erik H. Martin, CPA, CMA, Chief Financial Officer and Corporate Secretary
24 years of financial disclosure & management experience with publicly listed resource companies
On April 6, 2020, Murchison Minerals Ltd. announced that it has completed a 949-line-kilometre electromagnetic (VTEM-Max) airborne survey covering approximately 3,353 hectares at the Brabant Lake project in Northern Saskatchewan. A total of 58 new conductors have been identified, of which 35 are located on the Brabant-McKenzie VMS deposit horizon.
This survey successfully identified 35 electromagnetic (EM) conductors to the southwest of the Brabant-McKenzie deposit and the recently announced Main Lake drill discovery. Approximately 23 additional EM conductors have also been defined on the M-Block group of claims located on the eastern side of the Brabant project.
On March 31, 2020, Murchison announced that its exploration drilling on the Brabant Lake property has intersected high-grade copper-zinc mineralization 10 kilometres southwest of the Brabant-McKenzie volcanogenic massive sulphide deposit.
The discovery is at the prospective Main Lake target, interpreted to be on the same geologic horizon as the Brabant-McKenzie VMS deposit. Drill hole ML-20-004 is located 270 metres northeast of the historic high-grade Main Lake showing.
The mineralization found in diamond drill hole ML-20-004 consists of a copper-rich upper zone and a zinc-rich lower zone. The Upper zone was intersected over an interval of 3.59 metres with 0.83% copper, 0.61% zinc and 11.8 g/t silver. The Lower zone was intersected over an interval of 6.62 metres, returning 0.09% copper, 1.62% zinc and 41 g/t silver, including 1.02 metres at 5.08% zinc and 0.22 metre at 9.77% zinc. There are several high-grade silver intercepts in this zone as well, the highest of which was 81.2 g/t silver over 0.82 metre.
“This new discovery at the Brabant Lake project further indicates its potential to be an up and coming new VMS mining camp” – Mr. Jean-Charles Potvin, President and CEO Murchison Minerals.