MURCHISON MINERALS LTD. NEWS RELEASE Murchison Minerals Intersects 15.35 metres of 13.16% Zn Eq at 100% Owned Brabant Lake Project and Concludes Winter Drilling
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MURCHISON MINERALS LTD. NEWS RELEASE
Murchison Minerals Intersects 15.35 metres of 13.16% Zn Eq at 100%
Owned Brabant Lake Project and Concludes Winter Drilling
March 22, 2021 (Burlington, Ontario): Murchison Minerals Ltd. (“Murchison” or the “Company”) (TSXV:
MUR) is pleased to announce the 2021 winter drill program assay results for the first three drill holes,
BM21-002, BM21-003 and BM21-004, all from the Brabant-McKenzie VMS Deposit. BM21-002 and BM21-
003 were designed to test the northern extent s of the deposit, and BM21-004 was designed to convert
Inferred Mineral Resources to Indicated Mineral Resources while simultaneously collecting material for
metallurgical analysis.
Highlights:
• Hole BM21-004 confirms the continuity of the high-grade mineralization within the deposit with
15.35 metres of continuous sulphide mineralization at 1 3.16% Zn Eq at the peripheral edge of
Indicated Mineral Resources. The intersection consisted of:
o 9.07% Zn, 0.81% Cu, 0.26% Pb, 0.11 g/t Au and 35.11 g/t Ag from 341.20 to 356.55 metres
• Hole BM21 -003 proves the continuation of the near -surface mineralization north of reported
Mineral Resources with a broad zone of sulphide mineralization, including:
o 107 g/t Ag from 171.50 to 173.00 metres (1.50 m)
o 3.78% Zn, 0.30% Cu, and 8.15 g/t Ag from 175.21 to 176.83 metres (1.62 m)
• Hole BM21-002, designed to test the northernmost extent of the Brabant -McKenzie deposit at
depth, intersected sulphide mineralization consisting of:
o 0.26% Zn, 0.38% Cu, and 5.80 g/t Ag from 325.40 to 326.56 metres (1.16 m)
o 0.47% Zn, 0.34% Cu, and 3.49 g/t Ag from 331.47 to 338.9 metres (7.43 m)
2021 Winter Drill Completion
The 2021 Brabant winter drill program has now concluded due to an early spring break-up – successfully
completing 3,920 metres in 14 drill holes. 1,938 metres were in drilled in the Brabant -McKenzie Deposit
area (5 holes), 660 metres in the Zn -Cu Betty Showing (2 holes), 924 metres in the Main Lake Target (3
holes) and 351 metres in three high-priority regional drill targets. Assays are pending on 11 of the 14 drill
holes completed.
Chief Executive Officer Jean-Charles Potvin comments:
“The assay results from the first three holes of our 2021 drill program highlight and confirm the high-grade
core of the Brabant -McKenzie Deposit – a target for future Indicated Mineral Resource expansion – and
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MURCHISON MINERALS LTD. NEWS RELEASE
demonstrate the viability of further expanding the deposit to the north, notably with the shallow
intersections observed in BM21-003.”
Table 1: Significant Drill Intercepts from BM21-002, BM21-003 and BM21-004
Drill Hole
From
(m)
To
(m)
Length
(m)
Zn
(%)
Cu
(%)
Pb
(%)
Au
(g/t)
Ag
(g/t)
Zn Eq*
(%)
BM21-002 325.40 326.56 1.16 0.26 0.38 0.01 0.02 5.80 1.73
and 331.47 338.90 7.43 0.47 0.34 0.02 0.03 3.49 1.76
including 331.47 334.41 2.94 0.45 0.45 0.01 0.04 4.55 2.15
including 335.41 338.90 3.49 0.58 0.28 0.02 0.02 2.68 1.62
BM21-003 171.50 173.00 1.50 0.01 0.01 0.00 0.01 107.00 3.32
and 175.21 176.83 1.62 3.78 0.30 0.01 0.01 8.15 5.04
and 179.93 181.16 1.23 0.04 0.09 0.01 0.00 29.30 1.22
and 186.59 189.09 2.50 0.97 0.33 0.00 0.01 3.27 2.18
and 190.92 193.49 2.57 0.77 0.84 0.00 0.06 8.18 3.87
BM21-004 337.09 337.90 0.81 0.04 0.55 0.01 0.03 19.30 2.47
and 338.60 339.50 0.90 0.07 0.28 0.02 0.17 11.90 1.70
and 341.20 356.55 15.35 9.07 0.81 0.26 0.11 35.11 13.16
including 341.20 344.70 3.50 9.92 0.81 0.02 0.06 41.26 13.91
including 345.20 346.20 1.00 5.22 2.00 0.02 0.25 72.40 14.38
including 346.70 348.70 2.00 13.89 0.44 0.02 0.06 17.35 15.99
including 352.00 356.55 4.55 14.39 0.87 0.04 0.10 29.70 18.34
and 360.50 361.52 1.02 0.04 0.31 0.08 0.05 13.40 1.62
Notes (1)(2)
(1) Zinc Equivalent (Zn Eq) values are based on the following metal prices: US$1.26/lb Zn, US$4.07/lb Cu, US$0.90/lb Pb, US$1,740/Oz. Au and
US$26.27/Oz. Ag
(2) True widths are 80-95% of interval lengths.
Table 2: NQ Diamond Drill Hole Data
Drill Hole UTM Zone 13N
NAD 83 Easting
UTM Zone 13N
NAD 83 Northing
Elevation
(m)
Azimuth
(° North)
Dip
(°)
Length
(m)
BM21-002 580857 6221558 404 123 -70 412.5
BM21-003 581012 6221561 400 133 -42 243
BM21-004 580637 6221091 381 121 -69 391.5
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Figure 1: Drill core displaying zinc, copper, lead, silver mineralization observed in BM21-004
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Figure 2: Plan view of the Upper and Lower Domains from the 2018 Mineral Resource of the Brabant -
McKenzie Deposit, the Indicated Mineral Resources outline, historic drill hole trace and highlighted drill
hole traces of BM21-002, BM-21-003, and BM21-004
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Figure 3: Cross-section looking north of the Upper and Lower Domains from the 2018 Mineral Resource of
the Brabant -McKenzie Deposit with drill traces of BM2 1-002 and BM21 -003 displaying Zinc Equivalent
percentages as derived from assays
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Figure 4: Cross-section looking north of the Upper and Lower Domains from the 2018 Mineral Resource of
the Brabant -McKenzie Deposit with drill traces of BM21 -002 and BM21 -003 displaying Zinc Equivalent
percentages as derived from assays
*Note: Resource domains were modelled based on projection from historic drill hole traces 120 met res to the south.
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MURCHISON MINERALS LTD. NEWS RELEASE
Sample preparation and analysis
Murchison has implemented and is adhering to a strict Quality Assurance/Quality Control program for the
drilling program. NQ size core was drilled, and mineralized intervals were marked by geologists during
core description. The marked intervals were sampled using a core saw, one half is kept as a witness sample
at Brabant Lake and the other assigned a unique number and placed within a plastic bag. The specific
gravity of each sample was measured using the mass in air / mass in water method. Samples were shipped
directly to SRC Geoanalytical Labs in Saskatoon, Saskatchewan. The samples were ground and prepared
for analysis by the lab using total digestion. Analyzes were performed using ICP-OES for zinc, copper, lead,
and silver. Gold was analyzed using fire assay. Every 25th sample sent to the lab was a field duplicate
(quarter core), b lanks and certified reference material were also submitted approximately every 25 th
sample.
For BM21-004 assays were performed on quarter cut core where one quarter was kept at Brabant for
reference and the other half bagged and kept for future metallurgical testing. BM21 -004 was analyzed
twice by ICP-OES using both a partial and a total digest.
SRC Geoanalytical Labs is accredited by Standards Council of Canada ( Scope of accreditation # 537 ) and
operates in accordance with ISO/IEC 17025, General Requirements for the Competence of Testing and
Calibration Laboratories.
Qualifying Statement
The foregoing scientific and technical disclosures have been reviewed by John Shmyr, P. Geo., qualified
person as defined by National Instrument 43-101. Mr. Shmyr is an independent consultant to Murchison
and the Brabant-McKenzie project.
About the Brabant‐McKenzie Project
The Brabant -McKenzie 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 horiz ons, multiple
known mineralized showings and identified geophysical conductors.
Mineral Resource Summary for Brabant-McKenzie VMS Deposit
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
The above 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 NI43-101 Technical Report named Technical Report on the Resource Estimate Update for the
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MURCHISON MINERALS LTD. NEWS RELEASE
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 base 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‐McKenzie zinc‐copper‐silver project in north‐central Saskatchewan. The Company
also has a 100% interest in the HPM nickel‐copper‐cobalt project in Quebec. Murchison has 108.9 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 or Erik H Martin, CFO
Tel: (416) 350‐3776
CHF Capital Markets
Cathy Hume, CEO
Tel: 416-868-1079 x 251
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 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. Reade rs 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 pa rties 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 Ventur e Exchange) accepts responsibility for the
adequacy or accuracy of this release.