TORONTO, Jan. 18, 2019 /CNW/ - Murchison Minerals
Ltd. ("Murchison" or the "Company") (TSXV: MUR)
announced today that it has posted an updated corporate
presentation on its website, which includes maps of the recently
completed 1,050 line kilometre airborne VTEM-MAX survey completed
by Geotech Ltd.. The new material includes preliminary maps of the
magnetic signature and electromagnetic (EM) conductors on the
property. The corporate presentation can be accessed and downloaded
using the following link;
https://www.murchisonminerals.com/investors/presentations/. From
time to time, the Company will post new and/or revised
presentations on its website under the Investor Relations section,
Presentations.
As recently announced, a number of these EM conductors share
similar characteristics with those registered over the wholly-owned
Brabant McKenzie VMS deposit where a resource of 2.1 million tonnes
averaging 9.98% Zn equivalent in the indicated and 7.6 million
tonnes averaging 6.29% Zn equivalent in the inferred categories has
already been identified. Previous studies on the Brabant McKenzie
VMS deposit concluded that it lies in a similar geological setting
and is of the same age as the Flin Flon VMS mining camp in
Manitoba.
The final airborne survey report by Geotech Ltd.'s Versatile
Time-Domain Electromagnetic (VTEM™ Max) geophysical system is
expected mid-March. The Company plans to follow up with a field
prospecting program starting early June after the snow melts.
Murchison is also pleased to invite you to visit with Company
representatives at Booth #925 at the Vancouver Resource Investment
Conference (VRIC) to be held at the Vancouver Convention Centre West (1055 Canada
Place, Vancouver) on Sunday, January 20th – Monday, January 21st, 2019. For more
information and/or register for the conference please visit:
https://cambridgehouse.com/vancouver-resource-investment-conference
About the Brabant-McKenzie Project:
The
Brabant-McKenzie project is located 175 kilometres northeast of
La Ronge, Saskatchewan and
approximately 3 kilometres from the community of Brabant Lake. The area is accessed year-round
via provincial Highway 102 and is serviced by grid power. The
project consists of one mining lease, which hosts the Brabant
McKenzie VMS deposit, and an additional 20 mineral claims totalling
22,180 hectares, which cover approximately 29 kilometres of strike
length over favourable geological horizons, multiple known
mineralized showings and identified geophysical conductors.
About Murchison Minerals Ltd.
Murchison
Minerals Ltd. is a Canadian based exploration company focused on
the exploration and development of the 100% owned Brabant-McKenzie
zinc-copper project in north-central Saskatchewan. The Company also has a 50%
interest in the HPM nickel/copper/cobalt project in Quebec. Murchison has 44.2 million shares
issued and outstanding.
Additional information about Murchison and its exploration
projects can be found on the Company's website at
www.murchisonminerals.com.
Forward-Looking Information
Certain
information set forth in this news release may contain
forward-looking information that involves substantial known and
unknown risks and uncertainties. This forward-looking information
is subject to numerous risks and uncertainties, certain of which
are beyond the control of the Company, including, but not limited
to, the impact of general economic conditions, industry conditions,
and dependence upon regulatory approvals. Readers are cautioned
that the assumptions used in the preparation of such information,
although considered reasonable at the time of preparation, may
prove to be imprecise and, as such, undue reliance should not be
placed on forward-looking information. The parties undertake no
obligation to update forward-looking information except as
otherwise may be required by applicable securities law.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
SOURCE Murchison Minerals Ltd.