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Murchison Minerals Identifies Nickel-Bearing Sulphide Mineralization Along a 5 km Trend and Significantly Expands the HPM Project Area
BURLINGTON, ON / ACCESSWIRE / May 24, 2023 / Murchison Minerals Ltd. ("Murchison" or the "Compa...
About this update from Murchison Minerals Ltd
[{"type":"text","content":"Murchison Minerals Identifies Nickel-Bearing Sulphide Mineralization Along a 5 km Trend and Significantly Expands the HPM Project AreaBURLINGTON, ON / ACCESSWIRE / May 24, 2023 / Murchison Minerals Ltd. (\"Murchison\" or the \"Company\") (TSXV:MUR)(OTCQB:MURMF) is pleased to announce it has completed a detailed review of data collected during the 2022 exploration program on the 100% - owned HPM (Haut-Plateau de la Manicouagan) Project, located in Quebec. The review culminated in the identification of the BDF Magmatic Ni-Cu-Co Trend (BDF Trend). The BDF Trend extends along a 5 km strike length to the northwest of the Barre de Fer Deposit (BDF Deposit) and contains numerous showings of nickel-bearing sulphide mineralization, and 7 high-priority target areas. Figure 1: Location map of BDF Trend with highlight assay samples displayed. Nickel Equivalent (NiEq) values were calculated using the following USD metal prices from Jan 12, 2023: $12.17/lb Nickel, $4.17/lb Copper, and $22.23/lb Cobalt. NiEq.% was calculated using Ni%+((Cu Price/Ni Price)*Cu%)+((Co Price/Ni Price)*Co%). 100% percent recovery is assumed for equivalent calculations, however, it should be noted that 100% recovery is not to be expected for final recovery, and true recovery may differ significantly from element to element.Additionally, Dr. Peter Lightfoot - Technical Advisor for Murchison Minerals - has reviewed whole rock geochemistry from samples taken during the 2022 exploration program and has identified the geochemical signature of the intrusive rocks that host high-grade Ni-Cu-Co mineralization at the BDF Deposit. Based on his findings, the Company has identified a significant number of high-priority targets that have a similar signature to BDF. Furthermore, the identification of the intrusive host rock has led the Company to stake an additional 313.7 km2 of mineral tenements. The newly expanded claim block covers a large area of prospective mafic-ultramafic rocks identified to the east of the previous HPM claim area.HighlightsAll 7 identified high priority targets correspond with nickel sulphide mineralization identified on surface (Figure 1)Detailed interpretation of whole rock geochemistry has identified the key host rocks (norite & peridotite) and expanded the prospectivity of discovering new zones of nickel-bearing sulphide mineralization beyond the ...