MURCHISON MINERALS LTD. It should be noted that pXRF results provide only an indication of the amount of Ni, Cu, and Co present, certified assaying of the core samples is still required to accurately determine the amount of mineralization (Nickel-Copper-Cobalt). The Company has implemented rigorous QA/QC procedures utilizing a direct rock sampler (Figure 5) to produce reasonably representative preliminary results (see pXRF Sample Procedures and QA/QC below).
Highlights
BDF22-010 extended mineralization ~45 m along strike to the South of the
The results to date have successfully expanded the preliminary model, the current dimensions of the
Mineralization at depth has now been extended down to 475 m, versus the preliminary model at 295 m
Along strike, the zone of mineralization has been extended from 315 m to 370 m
Mineralization was expanded along the width of the mineralized zone from 150 m to 200 m, with individual lenses now modelled up to 48 m in thickness, compared to the 28 m in the preliminary version
BDF22-010 intersected multiple strong intervals of mineralization including: 20.42 m estimated at 1.27% pXRF NiEq or 3.78% pXRF CuEq (between 29.21 and 49.63 m) including 4.66 m estimated at 2.93% pXRF NiEq or 8.72 CuEq (between 41.34 m and 46.0 m) 7.59 m estimated at 1.68% pXRF NiEq or 5.02% pXRF CuEq (between 56.41 to 64.0 m) including 4.03 m estimated at 2.98% pXRF NiEq or 8.88% pXRF CuEq (between 56.41 to 60.44 m)
'The Company is extremely excited about the overall results from our first diamond drill program at Barre de Fer. The drilling Phase of the 2022 Summer Exploration program was designed to expand and delineate the zone of mineralization at BDF, in support of the upcoming maiden resource. The technical team - using a systematic geoscience first approach - achieved all objectives, and the preliminary results have exceeded our expectations. Today's results show that we've greatly expanded known mineralization at BDF, yet the Zone remains open and unconstrainted. They also continue to demonstrate the fact the Company is just scratching the surface at HPM. When you're exploring a 648 km2 package land package, with advanced existing infrastructure, and you're seeing results like these in our first program - it's why we are confident in calling HPM an emerging nickel district. With the state of play in the Class I nickel space, people should take notice of HPM.'
'Murchison's first drill campaign at BDF is a significant milestone and has greatly exceeded our expectations. The drill campaign has demonstrated clearly to the technical team the impressive scale of the sulphide mineralizing system. Today'sresults have successfully extended the Zone along strike and confirm it remains open. The results from hole BDF22-010 are great and considering the intercept is at the southernmost point of the modelled Zone, it has us excited for the potential immediately south of the Zone for further expansion.'
BDF Mineralization and 2022 Delineation Drillhole Results
The mineralization observed at BDF occurs predominantly as two different types: i) Meter to multi-metre intervals of massive and brecciated sulphide within zones of stringer and disseminated sulphide mineralization, hosted in gabbronorite and peridotite, ii) Disseminated sulphide with lesser stringer to net sulphide, over broad intervals, hosted within an olivine gabbronorite. The sulphide mineralization consists of pyrrhotite with granular pentlandite and stringer chalcopyrite, or as chalcopyrite loops with pentlandite within massive pyrrhotite.
Hole BDF22-008 was drilled to a depth of 350 m and was designed to test for sulphide mineralization along strike to the North of the modelled zone of mineralization at BDF. The hole intersected a significant 33.5 m interval of mineralization, extending the zone 75 m to the north.
BDF22-010 was drilled to a depth of 280 m and was designed to test for sulphide mineralization along strike to the south of preliminary model at BDF. The drillhole was oriented at an oblique azimuth to avoid a shallow pond. BDF22-010 intersected significant massive and semi-massive mineralization at a shallow depth, and extended mineralization intersected in HPM-08-003, 45 m along strike to the south.
Hole BDF22-009 was drilled to a depth of 221 m and was designed to test an adjacent airborne EM anomaly south of BDF. The drillhole did not intersect the geophysical anomaly. It is inferred that the geophysical target is either beneath the shallow drilled hole or immediately east behind the hole and remains prospective.
About the
About
Murchison is a Canadian?based exploration company focused on nickel-copper-cobalt exploration at the 100% - owned
Additional information about Murchison and its exploration projects can be found on the Company's website at www.murchisonminerals.ca .
Contact:
President and CEO,
Erik H Martin
CFO
Director Corporate Development
Tel: (416) 350?3776
E: info@murchisonminerals.com
Thomas Do
IR Manager
Tel: (416) 868-1079 x 232
E: thomas@chfir.com
Forward?Looking Information
The content and grades of any mineral deposits at the Company's properties are conceptual in nature. There has been insufficient exploration to define a mineral resource on the property and it is uncertain if further exploration will result in any target being delineated as a mineral resource.
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. FLI herein includes, but is not limited to: future drill results; stakeholder engagement and relationships; parameters and methods used with respect to the assay results; the prospects, if any, of the deposits; future prospects at the deposits; and the significance of exploration activities and results. FLI is designed to help you understand management's current views of its near- and longer-term prospects, and it may not be appropriate for other purposes. FLI by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such FLI. Although the FLI contained in this press release is based upon what management believes, or believed at the time, to be reasonable assumptions, the Company cannot assure shareholders and prospective purchasers of securities of the Company that actual results will be consistent with such FLI, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither the Company nor any other person assumes responsibility for the accuracy and completeness of any such FLI. Except as required by law, the Company does not undertake, and assumes no obligation, to update or revise any such FLI contained herein to reflect new events or circumstances, except as may be required by law. Unless otherwise noted, this press release has been prepared based on information available as of the date of this press release. Accordingly, you should not place undue reliance on the FLI or information contained herein. Furthermore, should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in FLI. Assumptions upon which FLI is based, without limitation, include: the ability of exploration activities to accurately predict mineralization; the accuracy of geological modelling; the ability of the Company to complete further exploration activities; the legitimacy of title and property interests in the deposits; the accuracy of key assumptions, parameters or methods used to obtain the assay results; the ability of the Company to obtain required approvals; the results of exploration activities; the evolution of the global economic climate; metal prices; environmental expectations; community and nongovernmental actions; and any impacts of COVID-19 on the deposits, the Company's financial position, the Company's ability to secure required funding, or operations. Risks and uncertainties about the Company's business are more fully discussed in the disclosure materials filed with the securities regulatory authorities in
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