Thirty of these EM conductors were ground prospected in 2019 with 12 conductors selected as high priority targets to be drilled with 14 drill holes starting in late
In addition, the Company identified an additional 20 EM conductors on the claims recently staked by the Company following the evaluation of historic airborne geophysical survey data. These conductors will be subject to further ground prospecting in the summer of 2020.
Murchison's land holdings already host the Brabant-McKenzie VMS deposit with a NI 43-101 resources of:
Indicated - 2.1 million tonnes at 7.08% zinc, 0.69% copper, 0.49% lead, 39.60 g/t silver
Inferred -7.6 million tonnes at 4.45% zinc, 0.57% copper, 0.19% lead, 18.40 g/t silver
The Brabant-McKenzie VMS deposit geophysical characteristics consist of moderate to strong magnetic high with a coincident moderately strong conductor. A report titled 'MURCHISON MINERALS LTD BRABANT-MCKENZIE PROJECT PROPOSED PRIORITY DRILL TARGETS' has been posted on Murchison's website (www.murchisonminerals.com) highlighting the geophysical characteristics of 10 priority drill targets that have geophysical and geological similarities to the Brabant-McKenzie VMS deposit.
Targets 1, 13, 14, 8, 6 and 4 are interpreted to be located within the same geological horizon as the Brabant-McKenzie VMS deposit. Target 1 is located immediately south of the Brabant-McKenzie VMS deposit. A recent backpack drill hole intersected strong zinc mineralisation at shallow depth. The remaining targets are located east of the interpreted deposit horizon.
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Murchison is a Canadian based exploration company focused on the exploration and development of the 100% owned
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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.
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