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Murchison Minerals Quadruples 100% Owned HPM Land Package as a Result of the Inaugural Drill Program at the Ni-Cu-Co Project
BURLINGTON, ON / ACCESSWIRE / December 8, 2021 / Murchison Minerals Ltd. ("Murchison" or the ...
About this update from Murchison Minerals Ltd
[{"type":"text","content":"Murchison Minerals Quadruples 100% Owned HPM Land Package as a Result of the Inaugural Drill Program at the Ni-Cu-Co ProjectBURLINGTON, ON / ACCESSWIRE / December 8, 2021 / Murchison Minerals Ltd. (\"Murchison\" or the \"Company\") (TSXV:MUR) is pleased to announce the successful completion of the inaugural drill program and acquisition of an additional 43,689 hectares of mineral claims at its 100% owned HPM (Haut-Plateau de la Manicouagan) project, located in Quebec.HPM Project HighlightsIntersected sulphide mineralization in all holes completed in 2021 at the PYC target- portable Niton X-ray fluorescence (XRF) spectrometer analyses confirm the presence of nickel, copper and cobalt within the sulphide intervals.Mineralization outlined over a strike length of approximately 550 metres of the 1.95 km long PYC geophysical anomalySulphide mineralization in drill core from PYC is similar to that observed on surface where 2021 backpack drill core samples assayed up to 0.79% Ni, 0.14% Cu, and 0.15% CoBased on exploration results to date, including the 2021 VTEM geophysical survey results, the follow-up prospecting program, as well as geological observations from the inaugural drill program Murchison has acquired an additional 43,689 hectares of prospective property surrounding the current HPM project area resulting in Murchison having a dominant land package in the regionThe HPM property has developed into a top tier exploration project with mining camp scale prospectivity. The project has numerous surface occurrences of nickel-copper-cobalt, as well as historical high-grade intersections of mineralization at Barre de Fer2021 HPM Claim StakingMurchison's exploration results in 2021 have demonstrated that the Haut-Plateau hosts significant nickel-copper-cobalt mineralization. Based on these results, the Company has acquired the majority land position in the eastern Haut-Plateau region. With the newly acquired claims, Murchison has now increased the size of the HPM project area by a factor of 4, from 13,897 hectares to 57,586 hectares. The new claims cover an area where rafts of paragneiss reside within a highly prospective assemblage of norite, gabbro, and anorthosite intrusive rocks which host the nickel-copper-cobalt occurrences. These rock assemblages are similar to those rock types found at other prestigious nickel mining camps, suc...