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Murchison Minerals Updates Brabant-Mckenzie Mineral Resource- 4.5 Million Tonnes Inferred and 1.5 Million Tonnes Indicated
TORONTO, ON / ACCESSWIRE / October 4, 2017 / Murchison Minerals Ltd. (CSE: MUR) ("Murchison" or the "Company") is pleased to provide the results of the updated
About this update from Murchison Minerals Ltd
[{"type":"text","content":"TORONTO, ON / ACCESSWIRE / October 4, 2017 / Murchison Minerals Ltd. (CSE: MUR) (\"Murchison\" or the \"Company\") is pleased to provide the results of the updated Mineral Resource estimate (the \"September 22, 2017 Mineral Resource Estimate\" or the \"Estimate\") for the Brabant-McKenzie Deposit (the \"Deposit\") located in north-central Saskatchewan. The September 22, 2017 Mineral Resource Estimate was performed by Finley Bakker Consulting, of Campbell River, BC. The Estimate includes the addition of 10 new diamond drill holes totaling 5,600 m which were completed between February and March 2017 by Murchison and a comprehensive re-interpretation of the geology of the Deposit. The September 22, 2017 Mineral Resource Estimate was calculated using Minesight/Hexagon 3D modeling software to define the mineralized parameters of the Deposit. Of the new diamond drill holes, all 10 were used to create the geological model and verify continuity of the Deposit. Eight of the holes added both tonnes and grade to the Estimate. The results will now be used to further systematically refine future drilling programs to test the lateral, down dip and infill extent of the Deposit. Highlights Include: Total Indicated Mineral Resources of 1.5 million tonnes at 7.46% Zn, 0.70% Cu, 0.39% Pb, 31.16 g/t Ag, 10.09% Zn Eq Total Inferred Mineral Resources of 4.5 million tonnes at 5.99% Zn, 0.62% Cu, 0.39% Pb, 19.39 g/t Ag, 7.99% Zn Eq The bulk of tonnage added was the result of the 2017 diamond drill program The Deposit remains open to depth and laterally Significant infill opportunities on the Deposit are now defined from approximately 610 m down dip to 950 m Exploration target range is now 9 to 11 million tonnes grading 7.5-9.5 % Zn equivalent based on the current geological model. The September 22, 2017 Mineral Resource Estimate for the Deposit is provided in Table 1. Murchison's CEO and President Kent Pearson stated, \"The last year of work on the Brabant-McKenzie Deposit has been an exceedingly successful program. The increase in the Brabant-McKenzie resource is the first step in our efforts to fully define and demonstrate the potential extents of the Deposit as we work to increase its size. The overall tonnage of the Deposit was increased primarily from 10 new diamond drill holes located outside the 2008 modelled resource. Our geological modelling c...