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Murchison Adds 58 New Mineral Claims Covering 31.0 Km2 at Its HPM Ni/Cu/Co Project In Quebec
TORONTO, ON / ACCESSWIRE / March 17, 2020 / Murchison Minerals Ltd. ("Murchison" or the "Co...
About this update from Murchison Minerals Ltd
[{"type":"text","content":"Murchison Adds 58 New Mineral Claims Covering 31.0 Km2 at Its HPM Ni/Cu/Co Project In QuebecTORONTO, ON / ACCESSWIRE / March 17, 2020 / Murchison Minerals Ltd. (\"Murchison\" or the \"Company\") (TSXV:MUR) is pleased to announce it has acquired, by map designation, an additional 3,100 hectares (31 km2) of mineral claims at its Haut Plateau de la Manicouagan (\"HPM\") project in northern Quebec, effectively consolidating a 100% interest over 58.3 km2 of contiguous mineral claims.This expanded property holding covers the prospective geological unit that hosts significant nickel/copper/cobalt mineralization identified by a total of 32 diamond drill holes (6,479 metres) completed in 2001/2002 and 2008.To date, only a small portion of the HPM property has been evaluated. Previous exploration has been primarily focussed on two areas of Ni-Cu-Co mineralization (PYC & Barre de Fer) which were originally discovered by Falconbridge Nickel. Past diamond drilling at PYC (1 hole) and Barre de Fer (25 holes) has confirmed the Ni-Cu-Co mineralization continues at depth. Generally, mineralization occurs as massive sulfide breccia and as disseminated (5-15% sulfides) to net-textured sulfide in norite intrusion (Barre de Fer area) and in granulitic gabbro (PYC area).The nickel, copper and cobalt mineralization at the Barre de Fer has been traced by diamond drilling for approximately 300 metres along strike and to a depth of about 280 metres. The mineralization remains open at depth and along strike. The wide interval of disseminated sulfide may have substantial tonnage potential and warrant assessment for high volume, low cost open pit mining potential.Diamond drilling at Barre de Fer has substantiated the presence of multiple zones of brittle fracture hosted Ni-Cu-Co bearing massive sulphide breccia vein-type mineralization that coincides with an airborne EM conductor. The best result occurs in hole #HPM 08-03 where a 43.2 metre intersection returned 1.74% Ni, 0.90% Cu and 0.1% Co. Five hundred metres of the 800 metre long conductor, remain untested.Past prospecting on the PYC claim group identified a mineralized zone over a strike length of 1,200 metres which returned grab samples containing up to 0.76% Ni, 0.93% Cu and 1,415 ppm Co. Notably, only one drill hole, #151-03 was ever completed on the PYC and intersected 15.3 metres of 0.28% Ni,...