Murchison Minerals Commences Summer Exploration Program at HPM Nickel-Copper-Cobalt Project

Highlights

• Two-pronged 2023 Summer Exploration Program designed to optimise targets at the HPM project for future drill programs, consisting of:
  • Prospecting
  • Ground electromagnetic (EM) survey
• The wide scale prospecting program will explore the majority of the 34 high-priority targets identified during the 2023 detailed data analysis, for targets similar to the BDF Zone.
• Targets will be refined using a "Beep Mat" and then sampled with a backpack drill - this method has proven to be exceptionally effective at HPM due to minimal overburden cover.
• The detailed ground EM survey will utilize SQUID (Superconducting Quantum Interference Device) technology.
• The tool is designed to identify mineralization at depth, the survey will focus on areas proximal to the BDF Zone and the Syrah target, identifying areas for expansion during future drill programs.

BURLINGTON, ON / ACCESSWIRE / August 16, 2023 / Murchison Minerals Ltd. ("Murchison" or the "Company") (TSXV:MUR)(OTCQB:MURMF) is pleased to announce the commencement of its 2023 summer exploration program at its 100%-owned Ni-Cu-Co HPM Project in Quebec. The program is two pronged with both prospecting on high-priority anomalies, and a deep penetrating ground electromagnetic (EM) survey being conducted. The prospecting component of the summer exploration program will identify additional targets with nickel-bearing sulphide mineralization on or near surface, adding de-risked high-priority targets. The ground EM component will target nickel bearing sulphide mineralization at depth within the BDF Zone and the Syrah target. Anomalies identified during prospecting and the SQUID survey will be used to prioritize exploration and expansion targets, respectively, during future diamond drill programs at the HPM Project.

Foto: Accesswire

Figure 1: Location map of high priority prospecting targets at the HPM project.

HPM Prospecting Program

During the winter of 2023, Murchison's technical team with the assistance of Dr. Peter Lightfoot, completed a detailed review of all relevant structural, geochemical and geophysical data collected at the HPM Project. The review identified 34 high-priority targets (Figure 1) for follow-up testing with prospecting crews. All geophysical anomalies present on the property were classified using multiple criteria which included conductive strength, magnetic correlation, interpreted depth, lack of historic exploration, and rock type, if available. Prospecting has proven effective at discovering high-grade nickel-copper-cobalt mineralization at the HPM project. The BDF Zone along with additional nickel-bearing sulphide showings were first discovered via prospecting commencing in 1999. The newly identified targets share similar geophysical characteristics with those previous discoveries. Murchison's helicopter supported prospecting campaign consists of two teams of two. The teams will utilize a "Beep Mat" which is a geophysical tool that is dragged along surface by an operator, which can locate nickel-bearing sulphide mineralization (a conductor) at depths of up to 5 metres. Once the operator identifies the source of the anomaly on surface, the outcrop or boulder is sampled using a backpack drill.