Murchison Minerals Ltd. News Release Murchison Announces Summer 2021 Drill Program at the Betty Zone ON the 100% Owned Brabant Lake Project
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MURCHISON MINERALS LTD. NEWS RELEASE
MURCHISON ANNOUNCES SUMMER 2021 DRILL PROGRAM AT THE BETTY ZONE ON
THE 100% OWNED BRABANT LAKE PROJECT
June 17, 2021 (Toronto, Ontario): Murchison Minerals Ltd. (TSXV: MUR) (“Murchison” or the “Company”) is
pleased to announce that it has secured QB Diamond Drilling Ltd. of Creighton, Saskatchewan to conduct
diamond drilling at the newly -defined Betty Zone borehole geop hysical anomaly. The 600 metre (minimum)
program will consist of two diamond drill holes targeting the Betty Zone and will commence in July of 2021. Only
two holes were selected for th e program at this time to fit within existing drill permit constraints , and a new
permit to conduct additional drilling at the Betty Zone , as well as the Brabant-McKenzie Deposit, have already
been submitted for approval for future additional drilling.
Murchison is eager to commence drill testing as the Company feels that the Betty Zone is highly prospective to
host economic zinc, copper and silver
mineralization. The claims hosting the
Betty Zone were acquired earlier this
year and subsequently tested with two
diamond drill s, both of which narrowly
missed a large electromagnetic (“EM”)
conductor located by a subsequent
borehole EM survey (Figure 1). The
borehole EM anomaly corresponds with
high grade but narrow semi -massive
sulphide mineraliza tion that was
observed in both holes . The best
intercept from the winter 2021 drill
program was observed in hole BZ21 -002
which intersected 4.40% zinc, 1.33%
copper, 12.95 g/t silver from 280.73 to
281.65 metres (0.92 m) including 0.42 m
at 3.76% zinc, 2.40% copper, 21.70 g/t
silver and 0.12 g/t gold.
Figure 1: Oblique view looking north-northeast of the 2021 Betty Zone
drill holes displaying Zinc Equivalent percentages as derived from assays,
the interpreted electromagnetic plate from the downhole geophysical
survey, and the planned holes for the summer 2021 drill program.
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MURCHISON MINERALS LTD. NEWS RELEASE
Figure 3: Location map of the Brabant Project displaying the location of
the Betty Zone labelled with a red star.
Figure 2: Location map of the proposed
drill holes on the Betty Zone
The Betty Zone is located approximately one
kilometre n ortheast of the Brabant-McKenzie
Deposit (Figure 2 & 3) and is along strike. The
observed mineralization and corresponding
metamorphosed VMS -type alteration in the
2021 winter Betty Zone drill holes appears
similar to what is observed at the Brabant -
McKenzie Deposit. Initial modelling suggests the
measured offhole borehole anomaly has the
potential for 700 m long strike length, which is
also supported by airborne VTEM data. The
measured conductivity of the geophysical
anomaly is similar to what is observed at the
Brabant-McKenzie Deposit.
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MURCHISON MINERALS LTD. NEWS RELEASE
Qualifying Statement
The foregoing scientific and technical disclosures on the Brabant Lake project have been reviewed by John Shmyr,
P.Geo., VP Exploration. Mr. Shmyr is a Qualified Person as defined by National Instrument 43-101.
About the Brabant Lake Project
The Brabant Lake project is located 175 kilometres northeast of La Ronge, Saskatchewan and approximately three
kilometres 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 Brabant -McKenzie VMS
deposit, and additional mineral claims totalling 629 square kilometres, which cover approximately 57 kilometres
of strike length over favourable geological horizons, multiple known mineralized showings and identified
geophysical conductors.
Mineral resource Summary for Brabant-McKenzie VMS Deposit
The below Mineral resource estimate for the Brabant -McKenzie VMS Deposit was prepared by independent
qualified person (“QP”) Finley Bakker, P.Geo., and has an effective date of September 4 , 2018. The NI 43-101
Technical Report named Technical Report on the Resource Estimate Update for the Brabant-McKenzie Property,
Brabant Lake, Saskatchewan is available on the Company’s website and on SEDAR.
The Mineral resource of the Brabant-McKenzie VMS Deposit was estimated based on metal prices of USD$1.20/lb
Zn, $2.50/lb Cu, $1.00/lb Pb, $16.00/oz. Ag, and $1,200/oz. Au, and a USD exchange rate of $1.25. A Net Smelter
Return (NSR) cut -off of $90/tonne and a 3.5% zinc equivalent based on above metal prices and an average
recovery of 75% for all metals.
About Murchison Minerals Ltd. (TSXV: MUR)
Murchison is a Canadian‐based exploration company focused on the exploration and development of the 100%
owned Brabant Lake zinc‐copper‐silver project in north‐central Saskatchewan. The Company also owns 100% of
the HPM nickel‐copper‐cobalt project in Quebec and holds an option to earn 100% interest in the Barraute VMS
exploration project also located in Quebec, north of Val d’Or. Murchison currently has 108.9 million shares issued
and outstanding.
Category Tonnes Zn % Cu % Pb % Au (g/t) Ag (g/t) Zn Eq (%)
Indicated 2,100,000 7.08 0.69 0.49 0.23 39.6 9.98
Inferred 7,600,000 4.46 0.57 0.19 0.10 18.4 6.29
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MURCHISON MINERALS LTD. NEWS RELEASE
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
CHF Capital Markets
Thomas Do, IR Manager
Tel: 416-868-1079 x 232
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 imp act 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.