MURCHISON MINERALS LTD - MURMF STOCK NEWS

Murchison Minerals Ltd. (TSXV:MUR) reported significant assay results from its June prospecting program at the PYC target on the HPM property in Quebec. The data showcased widespread nickel, copper, and cobalt mineralization across a 1.7 km strike length. Notably, assay grades reached 1.27% Nickel Equivalent and 2.59% Copper Equivalent. Murchison plans a fall drill program to further explore the PYC target, which has shown promising thickness and potential for large-tonnage mineralization. The project is situated near existing infrastructure, enhancing its viability.

Murchison Minerals Ltd. announced positive findings from preliminary metallurgical testing at its 100%-owned Brabant-McKenzie Zn-Cu-Ag Deposit in Saskatchewan. A simple flotation test upgraded zinc from 9.13% to 27%, achieving a 98% recovery rate. Further testing produced a zinc concentrate of 50.2%, with 85.06% recovery. Copper tests showed similar success, enhancing the grade to 4.12% with a 74.7% recovery. CEO Jean-Charles Potvin expressed optimism about the project's economic viability, noting minimal capital and operational expenditures due to the efficient processes.

Murchison Minerals Ltd. has appointed Mr. Cory Belyk as a strategic advisor to its Board of Directors. With nearly 30 years in uranium geology, Belyk's experience spans exploration, mining operations, and executive roles, including significant discoveries in the Athabasca Basin. He has served on the boards of Cameco's international subsidiaries and is currently the CEO of CanAlaska Uranium Ltd. Murchison believes Belyk's expertise and connections will enhance its objectives in the Canadian green energy sector. Additionally, he has been granted 200,000 options at $0.095 per share, vesting immediately.

Murchison Minerals Ltd. (TSXV:MUR) reported significant sulphide mineralization at the PYC target, with a strike length exceeding 1.7 km. Initial geological assessments suggest a potentially economic low-grade, high-tonnage Ni-Cu-Co-bearing mineralization located 8 km from power and rail infrastructure. Past drilling yielded up to 0.76% Ni and 0.93% Cu. Recent field work included 58 backpack drill holes and 100 geochemical samples, with assays pending. The project continues to show potential for further discoveries, supported by successful mapping and sampling efforts. Updated exploration results have expanded Murchison's land holdings.

Murchison Minerals Ltd. (TSXV:MUR) has secured QB Diamond Drilling Ltd. for a 600-meter diamond drilling program at the Betty Zone in Saskatchewan, starting July 2021. The drilling will consist of two holes targeting a geophysical anomaly identified earlier. The Betty Zone shows potential for economic zinc, copper, and silver mineralization, with previous drilling intersecting high-grade mineralization. A new permit for additional drilling at both the Betty Zone and Brabant-McKenzie Deposit has been submitted. The Brabant Lake project spans 629 square kilometers.

Murchison Minerals Ltd. has announced a successful preliminary review of its VTEM-Plus helicopter EM survey at the Haut Plateau de la Manicouagan project in Quebec. Conducted in April 2021, the survey identified 55 new conductive trends spanning 42 km. Notably, the Barre de Fer Ni-Cu-Co occurrence shows a strong EM response with historical assays of 1.74% Ni, 0.90% Cu, and 904 ppm Co.

The company is expanding its landholdings with an additional 46 km² of mineral claims, now totaling 104 km². Early field prospecting has commenced on newly identified conductors.

Murchison Minerals Ltd. has secured an agreement to acquire 100% interest in 75 mineral claims spanning 2,377 hectares in Quebec's Barraute-Landrienne mining camp. To finalize this deal, Murchison will pay a total of $500,000 and invest $1,000,000 in property development over six years. Key exploration targets include zinc-silver-gold deposits, with a significant nearby deposit at Abcourt-Barvue. The agreement entails a 1% NSR royalty for the Optionor, which can be bought out for $1,000,000. This strategic acquisition enhances Murchison's potential for future discoveries and shareholder value.

Murchison Minerals Ltd. announced the discovery of a significant off-hole borehole geophysical anomaly at its new Betty Zone target, located near the Brabant-McKenzie Deposit. Recent drilling (BZ21-001 and BZ21-002) showed promising results, including up to 4.40% Zn and 1.33% Cu. The anomaly suggests potential for a 700 m long strike, with further drilling planned to test this target. The company also reported additional results indicating prospective resource growth at the Brabant-McKenzie Deposit. CEO Jean-Charles Potvin expressed optimism regarding the new findings.