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Murchison Completes a High-Resolution Airborne Magnetic Survey on the HPM Project in Quebec and Closes Quebec Private Placement
TORONTO, ON / ACCESSWIRE / December 10, 2020 / Murchison Minerals Ltd. (" Murchison " or the...
About this update from Murchison Minerals Ltd
[{"type":"text","content":"Murchison Completes a High-Resolution Airborne Magnetic Survey on the HPM Project in Quebec and Closes Quebec Private PlacementTORONTO, ON / ACCESSWIRE / December 10, 2020 / Murchison Minerals Ltd. (\"Murchison\" or the \"Company\") (TSXV:MUR) is pleased to provide the results generated by the recently completed airborne magnetic (MAG) survey which covers the entirety of the HPM project. Prospectair Geosurveys Inc. of Gatineau, Quebec completed the 1,440-line kilometre survey with a 50 m line spacing. The 2020 airborne magnetic survey of the HPM property provides high-resolution detail of geological and structural features which will aid in identifying additional magmatic intrusions which could host nickel, copper and cobalt mineralization.Project location Interesting geological and structural features could be interpreted from the magnetics data such as faults, with 3 possible fold hinges in the Barre de Fer area as well as several rounded magnetic highs features coinciding with mafic intrusive rocks, gossan zones and mineralization in E-NE trend from Barre de Fer to the QB4048 area.The property can be described as hosting numerous mineralized showings with 10 gossans identified and over 24 electromagnetic (EM) conductors that could potentially be drills targets. While historical EM surveys covered approximately 60% of the project, Murchison plans to complete additional EM surveys in the future to cover the entire claim package. The results below are technical in nature but demonstrate the excellent potential of the HPM project. The MAG surveys identified numerous structures that may host mineralization and will warrant on the ground follow up.This press release follows the November 19th update on the recent prospecting results on Murchison's HPM Ni-Cu-Co project. Results of the reconnaissance sampling program completed by Orix Geoscience 2018 Inc. confirm the widespread nature of Ni-Cu-Co mineralization across the HPM project area. Grab sample assay results reach up to 0.16% cobalt, 0.499% copper and 0.526% nickel. Continued investigations for economic Ni-Cu-Co sulphide deposits at HPM will include further detailed prospecting of known occurrences and existing targets with follow up surface geophysical surveys to establish drill targets. Additional airborne EM coverage to detect electrically conductive minerals such as sulphid...