Business
Murchison Acquires 56 Km2 of New Claims Hosting 12 EM Conductors at Brabant Lake, Saskatchewan
TORONTO, ON / ACCESSWIRE / December 9, 2019 / Murchison Minerals Ltd. ("Murchison" or the "C...
About this update from Murchison Minerals Ltd
[{"type":"text","content":"Murchison Acquires 56 Km2 of New Claims Hosting 12 EM Conductors at Brabant Lake, SaskatchewanTORONTO, ON / ACCESSWIRE / December 9, 2019 / Murchison Minerals Ltd. (\"Murchison\" or the \"Company\") (TSXV: MUR) is pleased to announce it has acquired an additional 5,601 hectares (56.01 km2) of mineral claims (M Claim Block) located east of the existing Brabant Lake project in northern Saskatchewan (see Figure 1).The M Claim Block covers twelve electromagnetic (\"EM\") conductors previously identified in an historic airborne geophysical survey completed in 1968. Figure 2 identifies these conductor traces which are presented over a regional airborne magnetic image, highlighting that some occurrences are coincident with magnetic high features, a criterion derived from the geophysical signature of the Brabant-McKenzie VMS deposit. The 1968 survey detected the Brabant-McKenzie deposit conductor as well as numerous other conductors detected by the modern VTEM airborne EM and magnetic surveys completed over the Brabant Lake project. This historical survey has also detected other EM conductors on lands already controlled by Murchison that do not have modern airborne EM coverage.The area, including the M Claim Block, is dominantly underlain by garnetiferous biotite gneisses and highly-metamorphosed mafic volcanic rocks similar to those at the Brabant-McKenzie VMS deposit.Murchison owns the Brabant-McKenzie VMS deposit, which remains open to expansion, and twelve high-priority targets scheduled to be drilled in Q1 / 2020. The recent addition of six new highly prospective claim blocks, covering about 107 km2 (Henry 1-5 and M Claim blocks), significantly enhances the Company's land holdings.Qualifying Statement The foregoing scientific and technical disclosures have been reviewed by Ehsan Salmabadi, P. Geo., and Martin St-Pierre, P. Geoph., qualified persons as defined by National Instrument 43-101. Mr. Salmabadi and Mr. St-Pierre are independent consultants to Murchison and the Brabant Lake project.About the Brabant Lake Project The 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 grid power. The project consists of one mining lease which hosts the Braba...