Murchison Updates Brabant-Mckenzie Mineral Resource, Includes 7.6 Million Tonnes Inferred Grading 6.29% Zn Eq and 2.1 Million Tonnes Indicated Grading 9.98% Zn Eq
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MURCHISON MINERALS LTD.
Suite 2500, 120 Adelaide Street West
Toronto, ON
M5H 1T1 Canada
Tel: +1.416.350.3776
News Release
MURCHISON UPDATES BRABANT-MCKENZIE MINERAL RESOURCE, INCLUDES
7.6 MILLION TONNES INFERRED GRADING 6.29% ZN EQ AND 2.1 MILLION TONNES
INDICATED GRADING 9.98% ZN EQ
Toronto, ON– September 13, 2018 - Murchison Minerals Ltd. (MUR - TSXV) (“Murchison ” or the “Company”) is
pleased to provide the results of 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.
The September 4, 2018 Mineral Resource Estimate was performed by Finley Bakker Consulting, of Campbell River, BC.
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.
The September 4, 2018 Mineral Resource Estimate was calculated using Minesight/Hexagon 3D modeling software to
define the mineralized limits of the Deposit. The results will now be used to further systematically define future
exploration programs for the Deposit.
Highlights Include:
• Total Indicated Mineral Resources of 2.1 million tonnes at 7.08% Zn, 0.69% Cu, 0.49% Pb,
39.60 g/t Ag or 9.98% Zn Eq
• Total Inferred Mineral Resources of 7.6 million tonnes at 4.45% Zn, 0.57% Cu, 0.19% Pb,
18.40g/t Ag or 6.29% Zn Eq
• Drilling provided significant confidence in the continuity of the mineralized zone
• New resource calculation is based on 19 diamond drill hole program, visual inspection and
re-examination of previously drilled core and ongoing review of historical drill records
• The extents of the deposit are not yet fully defined including to depth and laterally
• Based on the current geological model, further work will focus on designing next steps
exploration including additional follow-up drill programs
The September 4, 2018 Mineral Resource Estimate for the Deposit is provided in Table 1.
Murchison’s CEO and President Kent Pearson stated: “We are excited with the results of the 2018 resource estimate
update as we continue to meet our objectives and successfully build on last year’s work on the Brabant-McKenzie
Deposit. We believed this Deposit had room for further growth from the previous resource estimate and the increase
in the Brabant-McKenzie resource estimate is significant as it demonstrates the potential for a robust deposit. Our
geological modelling continues to outline and confirm the mineral continuity and the high-grade nature of the
Deposit. Results from this program will be used to design next steps for exploration including additional drilling. We
are focused on advancing the Deposit to a stage which is intended to allow us to begin applying economics to it in an
effort to determine its viability for development.
Our team is committed to advancing the Brabant-McKenzie Deposit based on sound exploration methods and prudent
allocation of financial resources as we work to deliver value for our shareholders.”
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MURCHISON MINERALS LTD.
Suite 2500, 120 Adelaide Street West
Toronto, ON
M5H 1T1 Canada
Tel: +1.416.350.3776
Technical Report
The September 4, 2018 Mineral Resource Estimate has been prepared by independent qualified person (“QP”) Finley
Bakker, P.Geo., and has an effective date of September 4, 2018. The completed Technical Report, presented in
standard form prescribed by Canadian National Instrument 43-101 Standards of Disclosure for Mineral Projects will
be published on Murchison’s web site and SEDAR www.sedar.com within 45 days of this news release. The
September 4, 2018 Mineral Resource Estimate was classified into Indicated or Inferred categories in accordance with
the CIM Definition Standards on Mineral Resources and Reserves (CIM Definition Standards) adopted by CIM Council
on May 10, 2014.
Table 1. Mineral Resource Summary for Brabant-McKenzie Deposit
Category Tonnes Zn% Cu% Pb% Ag (g/t) Zn Eq%
Indicated 2,100,000 7.08 0.69 0.49 39.6 9.98
Inferred 7,600,000 4.45 0.57 0.19 18.4 6.29
2018 Drill Program
The focus of the 2018 diamond drill program was to test potential mineralization both laterally and down dip of the
previously modeled resource as well as to upgrade inferred resources to the indicated resource category (Figure 1)
Drilling was successful in both aspects and provided significant confidence in the continuity of the mineralized zone.
The new resource calculation is based on a 19-diamond drill hole program, visual inspection and re-examination of
previous drilled core and ongoing review of historical drill records.
Non-Orthogonal Section in Approximate Plane of Mineralization Looking South-East
Figure 1. 2017 Diamond Drill Holes Relative to the 2017 Resource Domains.
Areas in red are indicated resource domains and blue are inferred resource domains - 2018 diamond drill holes
plotted in blue, intercepts in red.
2017 Indicated Resource of zinc
equivalent greater than 5%
2017 Inferred Resource of zinc
equivalent greater than 5%
View of 2018 Diamond Drill Holes in Plane of
Mineralization
Approximate outline of
geological model
A
B
C
Test of Northern edge of
mineralization
Deposit down dip and south
lateral extent of mineralization
Deposit central lateral extent south
Hangingwallpolymetallic mineralization
2018 Drill hole trace
PAD
A B C
BM18-010
BM18-011
BM18-016
BM18-015
BM18-017
BM18-018
BM18-019
BM18-007
BM18-014
BM18-003
BM18-002
BM18-009
BM18-001
BM18-008
BM18-004
BM18-005
BM18-013
Image Source: TECVHNICAL REPORT ON THE RESOURCE ESTIMATE UPDATE FOR THE BRABANT-
MCKENZIE PROPRTY, BRABANT LAKE, SASKATCHEWAN, CANADA FOR MURCHISON MINERALS LTD.
Toronto, Ontario, Canada –Effective Date: September 27, 2017
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MURCHISON MINERALS LTD.
Suite 2500, 120 Adelaide Street West
Toronto, ON
M5H 1T1 Canada
Tel: +1.416.350.3776
Details of the September 4, 2018 Mineral Resource Estimate
• 2018 Mineral Resource Estimate tonnage has been rounded to reflect the accuracy of the
estimate, and numbers may not add due to rounding.
• Mineral Resources are not Mineral Reserves and do not have demonstrated economic
viability. There is no certainty that all or any part of the Mineral Resources will be
converted into Mineral Reserves.
The resource for the Brabant-McKenzie Deposit was estimated on the basis of:
• Drilling results to March 24, 2018 and including historical diamond drilling used in the
previous NI-43-101 resource estimates completed in 2008 and 2018
• US$ metal prices of $1.20/lb Zn, $2.50/lb Cu, $1.00/lb Pb, $16.00/oz Ag and $1200/oz Au
• CDN$:US$ exchange rate of $1.20
• An NSR cut-off of $90/tonne or 3.5% Zn equivalent based on above metal prices
• Average metallurgical and payable recovery of 75% was used for all metals
• Indicated Resources were calculated using a two-hole minimum and a maximum distance of
60 m from a diamond drill hole
• Inferred Resources were calculated using a no hole minimum and a maximum distance of
200 m from a diamond drill hole
• The Resources were also manually reviewed and adjusted to take into consideration drill
intercepts from pervious operators drill programs in the areas of drilling carried out by the
Company
• As much as possible a 2-meter intercept minimum was used but was not strictly adhered to
• 138 drill holes used in the calculation and which were used to model two mineral lens
Next Steps Program
The results of the updated resource estimate and overall geological model will be used to assist in designing next
steps for the exploration program on the Deposit’s advancement including additional follow-up drill programs. There
are no known legal, political, environmental or other risks that could materially affect the potential development of
the mineral resources.
QA/QC
The core was logged and split in a secured core logging facility. Individual samples were labelled, placed in plastic
sample bags and sealed. Groups of samples were then placed in security sealed bags and shipped directly to the
Saskatchewan Research Council Laboratories ("SRC") in Saskatoon, Saskatchewan for assay analysis. SRC used the
ICP3 Base Metal Exploration Package for analysis. Check assays were undertaken by ALS Labs located in Vancouver
B.C. Assay results for both methods were acceptable. SRC and ALS are independent of the Company. Both SRC and
ALS are ISO17025 accredited.
Qualifying Statement
The foregoing scientific and technical disclosures have been reviewed and approved by Kent Pearson, P. Geo. And
Finley Bakker P. Geo. are qualified persons as defined by National Instrument 43-101. Mr. Bakker is an independent
consultant to Murchison Minerals Ltd. and the Brabant-McKenzie project. Mr. Pearson is President and Chief
Executive Officer of Murchison Minerals Ltd.
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
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MURCHISON MINERALS LTD.
Suite 2500, 120 Adelaide Street West
Toronto, ON
M5H 1T1 Canada
Tel: +1.416.350.3776
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.
Additional information about Murchison Minerals and its exploration projects can be found on the Company’s
website at www.murchisonminerals.com.
For further information, please contact:
Kent Pearson, President and Chief Executive Officer
or
Erik Martin, Chief Financial Officer
(416) 350-3776
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.