Murchison Minerals Ltd. News Release December 6, 2018
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MURCHISON MINERALS LTD. NEWS RELEASE December 6, 2018
News Release
Murchison Minerals Provides Corporate and Exploration Update
December 6, 2018 (Toronto, Ontario): Murchison Mine rals Ltd. (“Murchison” or the “Company”)
(MUR-TSXV) today announces changes to management and is also providing a co rporate update in
respect to the development of the Brabant Lake project in Ce ntral Saskatchewan. The Company
announces it has commissioned a 551-kilometre he licopter-borne VTEM and magnetic geophysical
survey to cover recently staked claims adjacent to its current claims package in order to cover any strike
extension and proximal mineralization related to newly identified mineral showings.
Management Changes
The Board of Directors (the “Boa rd”) and Mr. Kent Pearson have agreed that he stepped down as
President, Chief Executive Officer and Director of the Company effective December 5, 2018
During his three-year tenure, Kent guided the Comp any and the Brabant-McKenz ie project to a number
of milestones, which include:
Increasing the mineral resource of the Brabant- McKenzie deposit (the “Deposit”) to 2.1 million
tonnes from 1.5 million tonnes in the indicate d category and 7.6 million tonnes from 3.0 million
tonnes in the inferred category while maintaining 10% zinc equivalent grade in the indicated
category at an all-in exploration cost of $0.54/tonne
Guiding drilling programs which provided significant confidence in the continuity of the
mineralized zones to one kilometre depth from surface
Discovering and developing a numbe r of significant new conductor dr ill targets, located over a
10-kilometre strike and in proximity to the Deposit
Securing and expanding the Company’s land packag e with an additional 3,516 hectares adjacent
to the Brabant-McKenzie property based on interpreted VMS district potential
The Board would like to thank Kent for all his efforts and the Board wishes him well in his future
endeavors.
Mr. Jean-Charles (JC) Potvin, w ho is currently Non-Ex ecutive Chairman, has been appointed Interim
President and CEO of Murchison.
Mr. Potvin has over 40 years of inte rnational experience in the resour ce industry. He is a co-founder of
the Company, was President and CEO of Murchison from inception to November 2015, and a director
since 2007. Jean-Charles was President and CEO of Pangea Goldfields Inc., which had extensive
holdings in Tanzania, until its acquisition in July 2000 by Barrick Gold Corporation for $204 million.
Until 1994, he was a director and Vice-President of Burns Fry (subsequently BMO Nesbitt Burns and
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MURCHISON MINERALS LTD. NEWS RELEASE December 6, 2018
currently BMO Capital Markets) and responsible for evaluating worldwide mining investment
opportunities as a top-ranked Equity Re search Gold Analyst. JC served as the Chairman of Vaaldiam
Mining Inc. from 1992 to 2012 (forme rly Tiomin Resources). He is currently a director and Audit
Committee member of Murchison, Azimut Exploration Inc. and of Gold Reserve Inc. all public
exploration and development companies.
Corporate Update
Murchison is a Canadian based exploration compa ny focused on the high-grade Brabant-McKenzie zinc-
copper-silver Deposit. The Brabant property is 100% owned by Murchis on and is strate gically located
along Highway 102 approximately 175 kilo metres northeast of the town of La Ronge in north-central
Saskatchewan and near major infrastructure, incl uding grid power. The project area shares geological
characteristics, including similar age, with the Flin Flon volcanoge nic massive sulphide (VMS) mining
camp in Manitoba.
No royalties – 100% owned
Robust deposit with NI 43-101 indicated resource (See press release dated September 13, 2018)
Potential for deposit expansion, resource growth and category upgrade
Controls 18-kilometre strike of favourable geological horizon, all of which remain under-
explored and mostly untested
Excellent proximity to infrastructure – highway access, power, water, major service centers
Located in an excellent mining jurisdiction – Saskatchewan ranked first (Fraser Institute 2017)
The Company has identified six priority regional ta rgets of which three are drill ready. Based on the
numerous identified mineralized showings and geophysical conductors property wide, the Company
believes that the project has VMS camp scale potential.
Indicated Resource Tonnes % Zn % Cu % Pb g/t Au g/t Ag % Zn Equiv
Lower Mineralized Zone 1,200,000 8.13 0.75 0.67 0.28 48.00 11.53
Upper Mineralized Zone 900,000 5.70 0.60 0.24 0.17 28.52 7.93
TOTAL 2,100,000 7.08 0.69 0.49 0.23 39.60 9.98
Inferred Resource Tonnes % Zn % Cu % Pb g/t Au g/t Ag % Zn Equiv
Lower Mineralized Zone 2,700,000 4.88 0.55 0.42 0.14 29.02 7.14
Upper Mineralized Zone 4,900,000 4.22 0.57 0.06 0.08 12.46 5.81
TOTAL 7,600,000 4.46 0.57 0.19 0.10 18.42 6.29
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MURCHISON MINERALS LTD. NEWS RELEASE December 6, 2018
New Airborne Survey
The Company has commissioned a 551-kilometre he licopter-borne VTEM and magnetic geophysical
survey to cover recently identified mineral showings a nd staked additional claims adjacent to its current
claims package in order to cover any strike exte nsion and proximal mineraliz ation related to newly
identified mineral showings. The results of this new survey are expected in January 2019.
In addition, Murchison is the operator of the HPM ni ckel/copper/cobalt project and has equal ownership
in the project with 50/50 joint ve nture partner Pure Nickel Inc. (T SXV:NIC). HPM has high-grade drill
intercepts and is open to drill and deposit expansion.
Liquidity and Capital Resources
As at September 30, 2018, the Company had no de bt, cash of $1,727,140 and working capital (excluding
(non-cash flow-through share liability) of $1,639,297 and 42.543 million shares issued.
Additional information about Murchison Minerals and its exploration proj ects can be found on the
Company’s website at www.murchisonminerals.com.
For further information, please contact:
Jean-Charles Potvin, Interim President and Chief Executive 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.