Murchison Minerals Ltd (TSXV:MUR) has kicked-off a Phase III, diamond drilling exploration campaign in Quebec.
The company is focused on drilling at the high-grade nickel, copper, cobalt zone called Barre de Fer (BDF) as well as the Syrah Target, on the 100% – owned HPM (Haut-Plateau de la Manicouagan) Project.
The company anticipates drilling a minimum of 7,500 m over the course of the programme, with the majority of the metres allocated towards expansion and delineation at BDF.
The remaining drilling will be focused on the Syrah Target – a 600 m long EM anomaly located approximately 240 m from BDF. The company’s current interpretation shows the possibility that Syrah and BDF are part of the same magmatic sulphide mineralising system. As a result of a recently closed private placement, the company is well funded to complete its objectives during the 2022 exploration programme
Objectives of Summer Drill Programme
- Expand the currently defined high-grade BDF Zone
- Test the extent of subsurface mineralisation at the Syrah Target
- Define a near surface, high-grade nickel-copper-cobalt resource at BDF
Barre de Fer Zone
- The BDF Zone is currently defined by 25 diamond drill holes, with 5,564 m of drilling completed between 2001 and 2008
- Based on the preliminary modelling, the Zone outcrops on surface, has a strike length of 315 m, and is composed of multiple stacked lenses over a maximum 150 m width. Individual lenses have a maximum thickness of 28 m. The modelled mineralisation extends to a vertical depth of 295 m. Extensive mineralization has also been intersected outside the current model, up to a vertical depth of 440 m. The Zone remains unconstrained along strike and at depth.
- The best intersection to date is in hole HPM-08-03, drilled to a depth of 345 m, which intersected five zones of Ni-bearing sulphide mineralisation totalling 60.07 m of composite mineralisation, including:
- 52.15 m grading 2.04% NiEq (74.45 m to 126.60 m) including 12.04 m at 3.00% NiEq (100.71 m to 112.75 m) and 10.56 m at 2.92% NiEq (85.16 m to 95.72 m)
Syrah Target
- Syrah is located just 240 m from BDF Zone, displaying a similar geophysical and geochemical signatures
- Nickel-bearing sulphide mineralisation outcrops and sub-crops over an ~375 m strike length, within the footprint of an ~600-metre-long conductive geophysical anomaly
- Grab samples from the spring 2021 prospecting programme returned grades as high as 0.83% Ni Equivalent (0.58% Ni, 0.24% Cu, 0.05% Co)
- The company’s current interpretation, based on the similarity in geochemical and geophysical signatures, indicates that BDF and Syrah may belong to the same mineralising system and have similar economic prospectivity.
“Extensive data compilation and prospecting at BDF and Syrah over the last year have led to this exciting phase of the 2022 summer exploration programme at HPM,” Murchison Minerals Vice-President of Exploration, John Shmyr, said.
“The exploration methods applied to date including geological mapping, Beep Mat surveying, and backpack drilling have identified exciting prospective target areas at BDF and Syrah that Murchison is keen to drill test this summer.”
For further information please visit: https://murchisonminerals.ca/
