Murchison Minerals Initiates Work Program ON the HPM Ni-Cu-Co Project, Quebec
News Release
MURCHISON MINERALS INITIATES WORK PROGRAM ON THE HPM NI-CU-CO
PROJECT, QUEBEC
August 28, 2020 (Toronto, Ontario) : Murchison Minerals Ltd. (“Murchison” or the “Company”) (TSXV:
MUR) is pleased to announce it has retained Orix Geoscience to complete ground prospecting on the 58
km2 HPM nickel, copper and cobalt project located east of the Manicouagan crater in eastern Quebec and
contracted Prospectair Geosurveys Inc. of Gatineau, QC to complete a 1,400 -line kilomet re airborne
magnetic (MAG) survey over the entire claim block.
Murchison acquired additional claims earlier this year and managed to assemble a block of contiguous
claims, which facilitates mining exploration. Past prospecting identified numerous Ni -Cu-Co mineralized
showings and numerous unexplored airborne EM anomalies which require follow-up.
To date, only a small portion of the HPM property has been evaluated. Previous exploration has been
primarily focused on two areas of Ni -Cu-Co mineralization (PYC & Barre de Fer) which were originally
discovered by Falconbridge Nickel. Past diamond drilling at PYC (1 hole) and Barre de Fer (25 holes) has
confirmed that the Ni -Cu-Co mineralization continues at depth. Generally, mineralization occurs as
massive sulfide breccia and as disseminated (5 -15% sulfides) to net -textured sulfide in norite intrusion
(Barre de Fer area) and in granulitic gabbro (PYC area).
Drilling completed in 2008 confirmed the presence of m assive and semi -massive sulphide made up of
pyrrhotite, pentlandite and chalcopyrite. Drilling, which concentrate d on the Barre de Fer target,
intersected numerous high-grade Nickel/Copper/Cobalt intervals including in hole HPM 08-03 where 43.2
m assayed 1.74% Ni, 0.90% Cu, & 0.1% Co. Barre de Fer EM conductor extends over 550 m in strike length.
A single hole drilled on the PYC EM conductor , which can be traced for 1,400 m, intersected 15.3 m
@0.28% Ni, 0.14% Cu 0.06% Co.
The Prospectair helicopter-based MAG survey will take place at low altitude along 50 -metre-wide line
spacing to achieve very high-definition map of the project area. This work will take approximately 4 days,
expected to be completed in mid-September.
The Company has selected Orix Geoscience consulting group to complete ground exploration on targets
identified by historical work. The team of geologists initiated work on August 26 for a period of 7 to 8 days
accessing the HPM project site daily by helicopter chartered from Innukopt ères of Sept -Îles. The
prospecting team is equipped with a Beep Mat instrument to identify and investigate the airborne
conductive anomalies on the ground and determine their source.
Qualifying Statement
The foregoing scientific and technical disclosures have been reviewed by Paul Nagerl, qualified person as
defined by National Instrument 43 -101. Paul Nagerl is an independent consultant to Murchison and the
HPM project.
About Murchison Minerals Ltd. (TSXV: MUR)
Murchison is a Canadian‐based exploration company focused on the exploration and development of the
100%-owned Brabant‐McKenzie zinc‐copper‐silver project in no rth‐central Saskatchewan. The Company
also has a 100% interest in the HPM nickel‐copper‐cobalt project in Quebec. Murchison has 78.7 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. For further information, please contact:
Jean‐Charles (JC) Potvin, President and CEO
Erik H Martin, CFO
Tel: (416) 350‐3776
Cathy Hume, CHF Capital Markets
Tel: (416) 868-1079 x 251
Twitter: @MurchisonMiner
Facebook: Murchison Minerals
LinkedIn: Murchison Minerals
Forward‐Looking Information
Certain information set forth in this news release may contain forward‐looking information that involves substantial known an d unknown risks and uncertainties.
This forward‐looking information is subject to numerous risks and u ncertainties, 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 cau tioned 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 forw ard‐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 Exc hange) accepts responsibility for the
adequacy or accuracy of this release.