Welcome to our dedicated page for MURCHISON MINERALS news (Ticker: MURMF), a resource for investors and traders seeking the latest updates and insights on MURCHISON MINERALS stock.
Murchison Minerals Ltd. (TSXV: MUR, OTCQB: MURMF) is a Canadian-based exploration company focused on the 100% owned Brabant Lake zinc-copper-silver project in north-central Saskatchewan and the HPM Project in Quebec. The company conducts nickel-copper-cobalt and VMS exploration activities. Recent highlights include the commencement and conclusion of the 2024 Winter Exploration Program at the BMK Project. The Program utilized diamond drilling to explore three target areas and identified significant VMS mineralization, indicating potential expansion of mineral resources. Moreover, a Lithogeochemical Study conducted by VMS expert, Dr. Stephen J. Piercey, revealed favorable geological settings along the 37 km BMK Trend for hosting VMS deposits. The Study confirmed the presence of VMS alteration processes and identified precious metal mineralization at the BMK Deposit, adding substantial value to future resource updates.
Murchison Minerals Ltd. has reported additional results from its Summer Exploration Program at the Barre de Fer (BDF) Zone, part of its HPM Project in Quebec. The diamond drilling has revealed significant expansions in nickel-bearing sulphide mineralization, deepening the model from 295 m to 450 m and widening it from 150 m to 200 m. Key findings include high-grade intersections in drill holes BDF22-003 and BDF22-004. The company awaits more results and aims to establish a maiden resource for BDF in early 2023, leveraging the project's infrastructure advantages and anticipated nickel demand.
Murchison Minerals Ltd. (TSXV:MUR, OTCQB:MURMF) has reported positive preliminary results from its 2022 summer exploration program at the 100% owned HPM Project in Quebec. The prospecting phase achieved key objectives, including locating and expanding areas of known surface mineralization and discovering new sulphide mineralization. Notable findings include semi-massive sulphide at the Taureau showing, an expanded strike length of 600 m at the BDF Zone, and an increase in mineralization footprint at Syrah from 375 m to 780 m.
Murchison Minerals Ltd. (TSXV:MUR) announced promising pXRF results from the BDF zone at its HPM Project in Quebec. The second drill hole, BDF22-002, reached a depth of 452 m, identifying 175.15 m of nickel-copper-cobalt (Ni-Cu-Co) sulphide mineralization. Highlights include 121.20 m of mineralization estimated at 1.39% Ni equivalent, with significant intersections of higher-grade material. These results surpass expectations and indicate substantial potential for further exploration and resource development, with plans for a maiden resource estimate by Q1 2023.
Murchison Minerals Ltd. has announced positive results from the first diamond drill hole at the Barre de Fer zone, part of the 2022 Summer Exploration Program on its HPM Project in Quebec. The drill hole BDF22-001, reaching 404 meters, intersected extensive high-grade Ni-Cu-Co sulphide mineralization, indicating a total of 130.00 meters of mineralization. Highlights include a section with 18.05 meters estimated at 1.98% nickel equivalent. The results suggest significant expansion potential beyond the current mineralization model. Certified assays are expected to confirm these preliminary findings.
Murchison Minerals Ltd. has concluded its three-phased summer exploration program at the HPM Project in Quebec, focusing on Nickel-Copper-Cobalt (Ni-Cu-Co) mineralization. The program identified numerous electromagnetic anomalies and expanded the project area from 576 km2 to 648 km2. The diamond drilling phase involved 13 holes over 4,316 meters, with preliminary results expected soon. The project is significant for critical minerals amid global shifts from fossil fuels. Murchison is committed to engaging with Indigenous communities regarding the project.
Murchison Minerals Ltd. (TSXV:MUR, OTCQB:MURMF) announced the issuance of 4,700,000 stock options to its directors, officers, employees, and consultants. These options are exercisable at $0.09 per share, expiring on July 29, 2027, and vested immediately. The Company focuses on nickel-copper-cobalt exploration at its HPM Project in Quebec and the Brabant Lake zinc-copper-silver project in Saskatchewan. Murchison has 218.2 million shares outstanding and aims to enhance its exploration initiatives.
Murchison Minerals Ltd. plans to raise up to $5.5 million through a non-brokered private placement, pending regulatory approvals. Proceeds will fund drilling at the HPM nickel-copper-cobalt property in Quebec and cover working capital. The offering includes Hard Dollar units at $0.09 per unit, Quebec flow-through units at $0.105, and Quebec Charity flow-through units at $0.14. Major shareholders, including Michael Gentile and Donald K. Johnson, will participate, ensuring their ownership stakes remain intact.
Murchison Minerals Ltd. (TSXV:MUR, OTCQB:MURMF) recently held its Annual General Meeting (AGM) on May 13, 2022, where it welcomed new board members Jacqueline Leroux, Troy Boisjoli, and Cory Belyk. A total of 81,697,511 shares were voted, representing 48.07% of eligible shares. The existing board was re-elected, and the stock option plan received a 99.22% approval. The company is focused on nickel-copper-cobalt exploration at its HPM Project in Quebec, which has shown promising mineralization results with multiple targets identified.
Murchison Minerals Ltd. (TSXV:MUR)(OTCQB:MURMF) announced the successful conversion of 10,657,500 warrants during its Early Warrant Incentive Program, generating gross proceeds of $1,278,906. The program, which ended on April 15, 2022, encouraged the early exercise of warrants with a total of 27,118,788 outstanding warrants. Key insiders, including Director Donald K Johnson and CEO Troy Boisjoli, participated by exercising 9,436,550 warrants for $1,132,386. The company plans to file a material change report regarding this related party transaction.
FAQ
What is the current stock price of MURCHISON MINERALS (MURMF)?
What is the market cap of MURCHISON MINERALS (MURMF)?
What projects is Murchison Minerals Ltd. focused on?
What highlights were revealed in the 2024 Winter Exploration Program at BMK Project?
Who conducted the Lithogeochemical Study at BMK Project?
What value does the precious metal discovery add to the BMK Project?
What types of exploration activities does Murchison Minerals Ltd. undertake?
