Murchison Minerals

08/21/2024

Our Zinc-Copper-Gold-Lead-Silver deposit is only two kilometres from the community of Brabant Lake, Saskatchewan. John Shmyr explains that the local infrastructure consists of power and roads and a core processing facility and employee housing contributes to low exploration costs: around $300 per metre drilled.

See the full length interview → https://youtu.be/8ScnqQH_YYo?t=1077

08/12/2024

This is an interesting comparison to Murchison Minerals' BMK (Brabant-McKenzie) deposit in Saskatchewan and Foran's nearby McIlvenna Bay deposit. Our VP Exploration John Shmyr explains how the identification of a copper stockwork zone contributed to the bulk of Foran's resource.

Transcript ⤵️
[John Shmyr / VP Exploration] This is an interesting comparison.

So I mentioned before, that lack of a copper stockwork zone [at BMK] and that's really driving us in our exploration.

In this table, we've got the timeline of NI 43-101 resource estimates. On the left side, that's the most recent three resource estimates out of the BMK deposit.

So 2008, 2017, 2018, really showing that growth – especially in that inferred resource.

And in red in this table, that's massive sulphide.

And then in yellow is copper stockwork.

So on the right side of this table is the most recent
estimates coming out of Foran's McIlvenna Bay deposit.

As I mentioned, over a billion dollar market cap heading in towards production – but starting in 2006, they really focused on growing their copper stockwork.

So, similar size massive sulphide horizon as the BMK deposit but they really grew that copper stockwork.

And now it actually makes up the bulk of their resource.

And now they've made some significant satellite discoveries with their Tesla zone.

And that's really – it's really going – it's really advancing here – but that's why I like to display this chart as it really shows that that kind of similar potential.

And that's why we're so excited to look for that copper stockwork zone.

Because we see we can potentially add a very significant amount to our resource.

Watch the full video [20 min] → https://youtu.be/8ScnqQH_YYo?t=994

07/29/2024

Our Brabant-McKenzie (BMK) Deposit in Saskatchewan is a sizeable deposit, but is still very much open with two lenses of mineralization. Murchison Minerals VP Exploration John Shmyr explains that even within the immediate footprint, there is room to grow the resource.

TRANSCRIPT ⤵️
[John Shmyr] So the BMK deposit itself, it comes to surface, it dips 51 degrees to the northwest, we've identified it over a 1.1 kilometre strike length, so it's quite sizeable.

Two lenses of mineralization. We've got the upper lens and the lower mineralized zone.

So it's two lenses that are parallel to each other. They average about 30 meter separation between the two, but you know that comes together, goes apart.

On average, the upper mineralized zone is about 5.3 meters thick but we've seen it up to 16 meters. That lower mineralized zone averages about 6.7 meters thick. We've seen it up to 18.

So you know, some quite sizeable thickness in there.

It's – so the most recent Resource estimate on that is from 2018 which is based on 138 drill holes with a 3.5% zinc equivalent cutoff.

So looking at an indicated resource of 2.1 million tonnes at 0.69% Copper, 7% zinc, 39.6 grams per tonne silver 49% lead, and 0.23 grams per tonne gold.

So looking at that's a 4.82% copper equivalent using 70% cutoffs and then a significant inferred resource of 7.6 million tonnes at 0.57% copper, 4.4% zinc,18 grams per tonne silver, 0.2% lead and 0.1 grams per tonne gold

So a very significant sizeable deposit, but it's still very much open and we just demonstrated that this past winter.

I'll talk about that in coming slides. But we're still intersecting mineralization outside that.

So growing that laterally and at depth and continuing to build on that resource. You can actually see those domains to the top.

There's also significant holes within our deposit. That's just a function of drill density.

So there's even room to grow that resource just within the immediate footprint.

So preliminary metallurgical results, we submitted a drill hole that we drilled just outside of our indicated resource back in 2021. That hole intersected 15 metres of mineralization which assayed 9% zinc, 0.84% copper, 0.13% lead, 38 grams per tonne silver and 0.74 grams per tonne gold. So a really nice drill hole.

We submitted that into the Saskatchewan Research Council in Saskatoon for preliminary flotation tests.

And we were – it was a great surprise. You know, we were able to get a 50% zinc concentrate grading 50% with an 85% recovery and that's without any optimization.

So we really think with additional testing we can improve those results.

We didn't make a separate concentrate with that copper concentrate – sorry – but, within that zinc concentrate, we’ve still got 4% copper with a 75% copper recovery. So that opens the door additionally to not needing a separate copper concentrate and looking at, you know, bringing that capex down by potentially only needing to make one concentrate, which would, which could really assist.

So, more work to be done on this front, but really excited because it shows that our metallurgical results are fantastic – preliminary – and With VMS projects and other sulphide deposits, they can be made or break in your metallurgy.

You can have some fantastic rates, but if you can't make a concentrate, then it's not worth much.

So, pleased to demonstrate that that is not an issue. And if anything, we have great metallurgical early results.

See the full Interview → https://youtu.be/8ScnqQH_YYo?t=595

07/11/2024

At our BMK Project in Saskatchewan, we’ve identified two VMS trends: the 37km long BMK trend and a secondary trend known as the McIvor VMS trend.

As our VP Exploration John Shmyr explains, at BMK we see a lot of similarities with other large VMS mining camps in the world. Specifically the Bathurst camp.

Because BMK has high zinc grades, we may be seeing zone refining. Essentially, this suggests a very efficient VMS deposit, where you end up with a kind of a zinc-rich cap of massive sulfides. And then beneath the zinc cap, a zone called the copper stockwork.

We've defined the massive sulfide horizon, but have yet to identify the copper stockwork.

Transcript ↓
[John Shmyr] ...So 10 kilometres to the south on that trend we’e made a discovery of mineralization where we intersected 2 lenses of mineralization at our Main Lake zone.

We're only a few holes in there looking to grow that we've got a significant amount of alteration on those holes.

We think we're really starting to see a really large system.

So continuing to drive that forward.

And then we have our Betty target. That's a kilometre to the north of the BMK deposit.

We've intersected mineralization there. Again, only a couple of holes in, we intersected 1.33% copper, 4.4% zinc and 12.95 grams per tonne silver.

And that's over a meter or 0.92 metres but you know, looking to continue to grow that because we see the kind of similar alteration at The Betty target as we do BMK, and then that's, you know, and continue to explore along that horizon.

So with that, we went back in 2023 when we brought in Dr. Stephen J. Piercey as our lead technical advisor to rebuild that geologic model and thesis that we have on the project.

So, we went back and we did systematic resampling, a lot of the drill holes, redefining the geology.

First off, we've seen a lot more favorable volcaniclastic rocks than what we previously identified.

We see a lot of similarities with some of the other largest VMS mining camps in the world in our geology, specifically the Bathurst camp.

it's a similar type felsic siliciclastic type hosted deposit.

One thing that's got us quite excited is the BMK deposit, and I'll be going into a bit more detail, but it's got fantastic zinc rates. And the only way to get those zinc rates that high is through something called zone refining.

Essentially, it's a very efficient VMS deposit, where you end up with a kind of a zinc rich cap of massive sulfides.

And then beneath that, you'll have concentrated your copper and deposited, and that's called the copper stockwork.

And these are very typical of VMS deposits.
And we've defined that massive sulfide horizon, but we haven't identified that copper stockwork.

So that's – we're excited about the regional potential, but we're also really excited about kind of more near term into the deposit in identifying that copper stockwork. /end

Full video → https://youtu.be/8ScnqQH_YYo?t=595

06/28/2024

John Shmyr explains that our BMK deposit is in a similar geological environment as the Flin Flon, Lalor Lake, Lynn Lake and Snow Lake Deposits. The La Ronge Belt is very similar in age and geology to the Flin Flon Belt – one of the most prolific VMS belts in the world. We are focused on growing and developing our BMK deposit which is associated with La Ronge metavolcanics.

🔽 Transcript 🔽
[John Shmyr / VP Exploration] There's the La Ronge Belt further north, and it's similar in age and geology to that of the Flin Flon Belt. But as you can see, there's essentially no circles associated with that La Ronge Belt.

But if you actually trend those rocks into Manitoba, the continuation of those rocks is the Lynn Lake belt, as well as the Leaf Rapids domain.

They're the same rocks.

It's just a different name being on the other side of the border.
Well, you can see those circles starting to pop up again, and there's some very significant deposits within there. For example, the world class Ruttan VMS deposit that produced 55 million tons, creating 1.23% copper and 1.41% zinc.

And then right at the border, there was the Fox Lake mine and that produced 12 million 82 percent copper and 1.78% zinc. So very significant deposits. But what’s important – and where we see the gap – is you trend those rocks into Saskatchewan and then again you lose the circles and that has nothing to do with the geology.

That's entirely [because of a] lack of base metal exploration within the province of Saskatchewan, specifically within those rocks. And that goes back to something called Saskatchewan SMDC, Saskatchewan Mineral Mining Development Corporation, essentially nationalized exploration of the province.

That's long gone, but as a relic of that, there was a lack of exploration in the province for a very long period of time.
So right now there's only one significant VMS deposit associated with those belts of rocks. And specifically what we see is the MacLean Lake belt, which we think is a kind of a back arc basin.
And that's kind of where these VMS tend to form in against that La Ronge VMS or La Ronge Volcanic Belt.

So we've staked a large package within there and then that hosts that BMK deposit. So we see the same exploration potential within that Flin Flon belt as within the McLean Lake belt.
And that's what's really got us excited because we have a very major deposit right now. Continuing to grow that, develop that, but it's also that regional thesis. So looking for all the rest of those satellite deposits, because we feel that we have kind of mining camp scale potential similar to Flin Flon.

Watch the original interview → youtube.com/watch?v=8ScnqQH_YYo

06/21/2024

In part 1 of a series, our VP Exploration John Shmyr explains that our Brabant-McKenzie (BMK) deposit is the only know deposit in an underexplored area. This demonstrates great exploration potential since VMS deposits always form in clusters. 🎥

TRANSCRIPT
[John Shmyr] The BMK project. It's a zinc copper-silver-lead-gold project. It's a typical VMS. 100 percent owned. It's located 170 kilometres northeast of the community of La Ronge, which is 600 kilometres away from the city of Saskatoon. Major international airport, major city. Excellent access to infrastructure.

That highway runs right through the middle of the property, highway 102 that runs within two kilometres of the BMK deposit that we have. There's power right there as well. Additionally, within two kilometers of our main deposit, that's a major that's a major pair of power line that. Supplies power to the Seabee Santoy gold mines that's owned by SSR Mining as well as up to the Key Lake Uranium Mine up to Cigar, et cetera, to the Uranium District.

Big land package we have there, 664 square kilometres, covered the entirety of that package with VTEM. We've got a lot of conductors and a lot of work ahead of us to decipher that and continue our exploration.

It's also directly adjacent to the community of Brabant Lake. I'll go in a bit more detail about that, but it's a major advantage to us because it's. We work out of that community and it really drives our exploration costs down. So just getting in a bit more into the detail and here's a geologic framework.

I am the VPX after all. So I like talking about geology, but this map I find really says it all. So the red circles you can see in here, these are VMS deposits and one noticeable thing, and that stands for volcanogenic massive sulfide for those who don't know. And they always tend to form in clusters.

These are essentially sulfides that are deposited on a paleo sea floor, and they come up in vent clusters. So to the south of us, right on the Manitoba Saskatchewan border, there's the famous Flin Flon belt. There's been VMS mining in there now for over a hundred years.

There's currently production by Hudbay at their Lalor deposit on the Manitoba side by Snow Lake. And then as well on the Saskatchewan side, there's the McIlvenna Bay deposit owned by Foran. And they've been really successful. Significant amount of resources pulled their market cap up over a billion dollars and they're looking like they're going to enter into production soon.
/end

Original interview → https://youtu.be/8ScnqQH_YYo?t=346

06/06/2024

A recent update on our Main Lake and Betty targets at our BMK Project in Saskatchewan: VMS expert Dr. Stephen J. Piercey has found further evidence at these targets to verify the prospectivity of the BMK Trend to host additional VMS Deposits.

→ The study confirmed host lithologies and alteration types found at Main Lake (along strike to the south of BMK) and the Betty Target (located on strike to the north) are well developed and consistent with that observed at the BMK Deposit.

→ Furthermore, the geological setting of the BMK deposit and associated VMS showings are similar to other felsic-siliciclastic VMS districts globally, including the Bathurst Mining Camp in New Brunswick and the Finlayson Lake district in the Yukon.

See the original release → https://www.accesswire.com/862835/murchison-minerals-completes-lithogeochemical-study-at-the-bmk-cu-zn-ag-pb-au-vms-project-in-saskatchewan-and-identifies-new-precious-metals-zone-assays-return-grades-up-to-717-gt-gold-663-gt-silver-and-457-lead

05/27/2024

🔎 At our Brabant-McKenzie (BMK) Deposit in Saskatchewan, we recently identified a new zone of precious metals mineralization.

Assays from a previously unsampled interval situated below the lower zone of VMS mineralization returned grades up to 7.17 g/t Gold, 663 g/t Silver and 4.57%. $MUR.V $MURMF

We are currently planning additional re-sampling to confirm the size and grade of the Gold-rich zone.

Source → https://www.accesswire.com/862835/murchison-minerals-completes-lithogeochemical-study-at-the-bmk-cu-zn-ag-pb-au-vms-project-in-saskatchewan-and-identifies-new-precious-metals-zone-assays-return-grades-up-to-717-gt-gold-663-gt-silver-and-457-lead

05/07/2024

🎁 We discovered a rare surprise during our recent drill program at our BMK project in Saskatchewan: the presence of high-grade rare earth elements (See Table 2 ↓ Below).

This is encouraging.

Murchison Minerals will complete a property-wide review of previous drill, grab and outcrop samples for additional occurrences of rare earth elements (aka "REEs").

The occurrence identified in hole CST24-001 was a 0.5 metre spot sample (Figure 3 ↓ Below) which returned very significant grades of REEs yielding 7.76% TREO (Total Rare Earth Oxides).

Please see the original news release for more information and important disclosures → https://www.accesswire.com/857580/murchison-minerals-concludes-winter-diamond-drill-program-expands-vms-mineralization-copper-zinc-silver-lead-gold-at-bmk-deposit

04/30/2024

We have news 📣 Our Winter Diamond Drill Program Has Concluded, and Has Successfully Expanded VMS Mineralization (Copper-Zinc-Silver-Lead-Gold) at the BMK Deposit

● The 2024 Winter Diamond Drill Program successfully expanded VMS mineralization at the BMK Deposit, demonstrating the Deposit remains open and highly prospective for further expansion and discovery of an associated copper stockwork zone
● The Program comprised four diamond drill holes totaling 2,712 metres
● Four target areas, designed as a first pass across BMK Deposit and proximal anomalies were tested:
→ BMK Extension (three targets): one hole each at BMK North and South designed to test along strike from the BMK Deposit, and one hole at BMK Deep which tested below the known extents of the BMK Deposit
→ CST, a HeliSAM target, which lies 400 m along strike to the southwest of the BMK Deposit
● BMK North and South Extension Targets - drilling expanded the footprint of mineralization along strike from BMK, highlighted by:
→ BMK24-002 intersected mineralization 100 m to the northwest of the Deposit's current footprint, intersecting grades up to 1.96% copper, with a higher copper to zinc ratio indicative of copper stockwork mineralization.
● BMK Deep Extension Target - drilling successfully intersected mineralization at depth below the known extents of the BMK Deposit, highlighted by:
→ BMK24-003 intersecting 2.78 m of 1.04% CuEq. 110 m below the known extents of the BMK Deposit.
● CST Target - drilling intersected strong VMS alteration, which was later correlated to an off-hole geophysical anomaly identified during a Borehole EM (BHEM) Survey. The alteration associated with the anomaly indicates the CST area remains prospective. Additionally, drilling intersected high-grade rare earth elements (REEs), highlighted by:
→ CST24-001 which intersected 7.76% TREO over 0.5 metre, this is the first drill hole on the BMK Project to intersect high-grade REEs and the Company will undertake a review of historic drill holes for possible resampling.

Text from the official 📰 news release → Murchison Minerals Ltd. ("Murchison" or the "Company") (TSXV:MUR)(OTCQB:MURMF) is pleased to announce that it has concluded the 2024 Winter Exploration Program (the "Program") at its 100%-owned Cu-Zn-Ag-Pb-Au Volcanogenic Massive Sulphide (VMS) BMK Project in Saskatchewan. The Program was designed to provide a first pass reconnaissance for the discovery of a potential copper stockwork zone associated with the formation of the BMK Deposit.

In total, 2,712 m were completed, comprising four diamond drill holes, which tested four high-priority target areas (one hole at each target area). Three target areas: BMK Deep, North and South followed up on previous drilling at the BMK Deposit, where high-grade copper has been intersected. The fourth target, CST, tested a geophysical anomaly 400 m along strike to the southwest of the BMK Deposit.

The three drill holes at the BMK Extension Targets successfully expanded the footprint of VMS mineralization at the BMK Deposit, demonstrating that the Deposit remains open and prospective for further expansion and discovery of an associated copper stockwork zone. Significantly, at BMK North, drill hole BMK24-003 intersected a zone of VMS mineralisation with a high copper to zinc ratio.

Similar high copper to zinc ratios have been intersected during previous drill campaigns which targeted the northern extent of the BMK Deposit. The Company is encouraged by these intersections, indicating the potential for a nearby copper stockwork zone proximal to the northern extent of the BMK Deposit.

At the CST Target area, drilling intersected a significant interval of VMS type alteration which correlates with an off-hole borehole electromagnetic conductor, indicating the drill hole may have narrowly missed a zone of VMS mineralization.

The 2024 Program demonstrates the BMK Deposit remains open for further expansion of VMS mineralization. Additionally, the results from this first pass testing are encouraging for the discovery of an associated copper stockwork zone during future drill campaigns.

For more information and important disclosures, please see the official news release → https://www.accesswire.com/857580/murchison-minerals-concludes-winter-diamond-drill-program-expands-vms-mineralization-copper-zinc-silver-lead-gold-at-bmk-deposit

04/22/2024

Our updated corporate deck is now available for download ⏬ It includes a comprehensive discussion about the deposit geology of our Brabant-McKenzie (BMK) Zn-Cu-Au-Pb-Ag deposit.

Download it now →https://murchisonminerals.ca/wp-content/uploads/2024/03/Murchison-Minerals-Corporate-Investor-Deck-04MAR2024.pdf

03/31/2024

Our BMK Zinc-Copper project consists of a 627 km² land package with excellent infrastructure. We are seeking to expand this VMS deposit (a NI 43-101 resource) through the discovery of a potential stockwork zone.

Learn more about our Brabant McKenzie Project in Saskatchewan → https://murchisonminerals.ca/projects/bmk-project/

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