Business
Murchison Initiates Drilling On 12 High Priority Targets at Brabant Lake, Saskatchewan
TORONTO, ON / ACCESSWIRE / January 13, 2020 / Murchison Minerals Ltd. ("Murchison" or the "C...
About this update from Murchison Minerals Ltd
[{"type":"text","content":"Murchison Initiates Drilling On 12 High Priority Targets at Brabant Lake, SaskatchewanTORONTO, ON / ACCESSWIRE / January 13, 2020 / Murchison Minerals Ltd. (\"Murchison\" or the \"Company\") (TSXV: MUR) is pleased to announce it is initiating a diamond drilling program on its 430 km2 Brabant-McKenzie project land package where previous airborne geophysical surveys identified numerous strong electromagnetic (\"EM\") conductors. Thirty of these EM conductors were ground prospected in 2019 with 12 conductors selected as high priority targets to be drilled with 14 drill holes starting in late January 2020.In addition, the Company identified an additional 20 EM conductors on the claims recently staked by the Company following the evaluation of historic airborne geophysical survey data. These conductors will be subject to further ground prospecting in the summer of 2020.Murchison's land holdings already host the Brabant-McKenzie VMS deposit with a NI 43-101 resources of:Indicated - 2.1 million tonnes at 7.08% zinc, 0.69% copper, 0.49% lead, 39.60 g/t silverInferred -7.6 million tonnes at 4.45% zinc, 0.57% copper, 0.19% lead, 18.40 g/t silverThe Brabant-McKenzie VMS deposit geophysical characteristics consist of moderate to strong magnetic high with a coincident moderately strong conductor. A report titled \"MURCHISON MINERALS LTD BRABANT-MCKENZIE PROJECT PROPOSED PRIORITY DRILL TARGETS\" has been posted on Murchison's website (www.murchisonminerals.com) highlighting the geophysical characteristics of 10 priority drill targets (see Table 1) that have geophysical and geological similarities to the Brabant-McKenzie VMS deposit.Targets 1, 13, 14, 8, 6 and 4 are interpreted to be located within the same geological horizon as the Brabant-McKenzie VMS deposit. Target 1 is located immediately south of the Brabant-McKenzie VMS deposit. A recent backpack drill hole intersected strong zinc mineralisation at shallow depth (see September 30th, 2019 press release). The remaining targets are located east of the interpreted deposit horizon.Figure 1 below presents the targets with the VTEM TMI (Total Magnetic Intensity). Figure 2 presents the targets with the VTEM early time EM channel 20 Z component. Figure 3 presents the targets with the VTEM late time EM channel 45 Z component. The Brabant-McKenzie deposit is shown in the northern portion of the fi...