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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 announced an increase of its non-brokered private placement to $800,000, aimed at exploration and general administrative costs. The company plans to issue up to 10 million units at $0.08 per unit, each consisting of one common share and one-half warrant. The whole warrants will be exercisable at $0.12 for 18 months. A related party transaction is expected, with a director acquiring 3.75 million units, exempt from formal valuation due to regulatory conditions. The placement is subject to regulatory approvals.
Murchison Minerals Ltd. has increased its non-brokered private placement to $700,000, subject to regulatory approvals. The funds will be utilized for exploration, working capital, and general administrative costs. The company intends to issue up to 8,750,000 units at $0.08 each, with each unit consisting of one common share and one-half warrant, exercisable within 18 months at $0.12. A director may acquire up to 3,750,000 units, qualifying as a related party transaction approved by independent directors.
Murchison Minerals Ltd. (TSXV:MUR) plans to raise up to $500,000 through a non-brokered private placement, subject to regulatory approvals. The offering includes 6,250,000 units priced at $0.08 each, consisting of one common share and a half warrant, with whole warrants exercisable at $0.12 for 18 months. A director is expected to buy 3,000,000 units, classified as a related party transaction, which received independent director approval. Proceeds will fund exploration and administrative costs.
Murchison Minerals Ltd. (TSXV:MUR) aims to raise $1.5 million through a non-brokered flow-through private placement, pending regulatory approvals. The funds will be allocated to drilling at the Brabant McKenzie deposit and exploration on ten additional targets. The plan includes issuing up to 15,789,474 flow-through shares at $0.095 per share. Murchison has identified approximately 120 airborne EM conductors at its Brabant Lake project, indicating promising targets for zinc-bearing VMS mineralization.
Murchison Minerals Ltd. (TSXV:MUR) has announced a proposed non-brokered private placement to raise up to $400,000 for exploration at its HPM property in Quebec. The company aims to issue up to 4,210,526 flow-through common shares priced at $0.095 each. These shares qualify as flow-through shares under Canadian tax regulations. All securities issued will be subject to a four-month hold period post-issuance. Murchison is also focused on its 100% owned projects including the Brabant-McKenzie zinc-copper-silver project in Saskatchewan.
Murchison Minerals Ltd. (MUR) has identified 10 high-priority drill targets at its Brabant Lake VMS exploration project. Based on extensive ground exploration, findings indicate that sphalerite mineralization weathers rapidly compared to other minerals, creating potential low-lying areas over VMS orebodies. A winter RC drill program will test these targets, focusing on areas with swamps and copper/silver mineralization. Additionally, recent sampling at Street Lake showed significant mineralization, enhancing exploration prospects. Murchison's geological team continues to utilize advanced geophysical techniques to accurately target mineralization.
Murchison Minerals Ltd. has announced promising results from its HPM Ni-Cu-Co project in Quebec, confirming extensive nickel, copper, and cobalt mineralization. The reconnaissance sampling program yielded notable grab sample assays including up to 0.526% nickel and 0.499% copper. The program highlighted multiple strong gossan zones, which are key indicators of deeper mineral deposits. Future work includes detailed prospecting and geophysical surveys to establish drill targets. The HPM project covers 58 km² and is linked to several high-grade occurrences, indicating significant growth potential.
Murchison Minerals Ltd. (TSXV:MUR, OTC PINK:MURMF) announced a significant discovery of new zinc mineralization at its May Lake claims in Saskatchewan, with a grab sample assaying 0.91% zinc. This discovery indicates local sourcing of zinc and highlights the area's potential for volcanogenic massive sulphide (VMS) deposits. Geological investigations revealed promising volcanic stratigraphy similar to that in the Flin Flon camp, supporting high copper-zinc potential. Murchison plans further exploration, including electromagnetic surveys, to utilize this promising mineralization.
Murchison Minerals Ltd. has engaged Orix Geoscience for ground prospecting and has contracted Prospectair Geosurveys for a 1,400-kilometre airborne magnetic survey at its HPM nickel, copper, and cobalt project in Quebec. This project covers a 58 km2 area and includes previously identified mineralized showings and unexplored EM anomalies. The prospecting team started on August 26 and will work for 7 to 8 days. Past drilling has confirmed significant nickel-copper-cobalt mineralization on site, with high-grade intervals reported.
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