TORONTO, Oct. 29, 2018 /CNW/ - Murchison Minerals
Ltd. (MUR - TSXV) ("Murchison " or the "Company") is pleased to
announce the filing of the National Instrument 43-101 ("NI 43-101")
Technical Report (the "Technical Report") on the updated Mineral
Resource estimate (the "September 4,
2018 Mineral Resource Estimate" or the "Estimate") for the
Brabant-McKenzie Deposit (the "Deposit") located in north-central
Saskatchewan, announced by
Murchison on September 13, 2018.
The Estimate, effective September 4,
2018, was performed by independent qualified person ("QP"),
Finley Bakker, P.Geo., Finley Bakker
Consulting, of Campbell River, BC.
The report titled, "TECHNICAL REPORT ON THE RESOURCE ESTIMATE
UPDATE FOR THE BRABANT-McKENZIE PROPERTY, BRABANT LAKE, SASKATCHEWAN, CANADA FOR
MURCHISON MINERALS LTD." has been filed on the SEDAR website at
www.sedar.com and will be placed on Murchison's web
site:www.murchisonminerals.com.
The new estimate includes the addition of 19 new diamond drill
holes totaling 9,004 m which were
completed between January and March
2018 by Murchison as well as a comprehensive
re-interpretation of the geology of the Deposit using current,
historical drilling data and reports.
About the Brabant-McKenzie Project
The
Brabant-McKenzie project is located 175 km Northeast of
La Ronge, Saskatchewan and
approximately 3 km 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 Deposit and an
additional 16 mineral claims totaling 7,379 hectares which cover
approximately 18 km 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 and gold projects in the Pickle Lake area of northwestern Ontario.
Qualified Person
The foregoing scientific and
technical disclosure in this news release has been prepared and
approved by Kent Pearson P. Geo.,
qualified persons as defined by National Instrument 43-101. Mr.
Pearson is President and Chief Executive Officer of Murchison
Minerals Ltd.
Additional information about Murchison Minerals 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.