Murchison Minerals Projects

HPM | Ni-Cu-Co | Quebec

HPM | 100% OWNED

Ni-Cu-Co Project
  • Located in the Haut-Plateau de la Manicouagan region of Quebec, adjacent to the Manicouagan Impact Structure
  • In 1999 Falconbridge discovers Ni-Cu-Co mineralization. Falconbridge’s interest acquired by Pure Nickel who partnered with Murchison’s predecessor in 2007, drilling the Barre de Fer deposit in 2008. Murchison acquires 100% interest in 2019.
  • Excellent infrastructure with existing and maintained rail line within 8 km of the project site – direct access to two deep water ports
  • Hart-Jaune Hydroelectric Station approximately 30 km from site
  • Maintained road west of site – Quebec Route 389
  • Project area adjacent to prolific iron mining jurisdiction
  • Murchison’s claims cover 576 km2 of highly-prospective geology.
  • Project area is currently accessed via helicopter, however, road access is currently being evaluated
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CAMP SCALE POTENTIAL

1. GEOLOGIC SETTING:

Manicouagan Metamorphic Complex is comprised of extensive areas of mafic and ultramafic rock displaying repeated pulses of mafic magma that have intruded sulphide-bearing metasedimentary rocks.

2. PROPERTY SCALE EXPLORATION:

Current airborne EM survey extent only covers historic claims but has already identified over 50 prospective targets. Additional EM survey coverage will commence in the spring.

3. PROSPECTING:

Numerous Ni-Cu-Co occurrences identified by mineralized grab samples during previous prospecting field programs.

4. DRILLING:

Drilling has proven that the conductive anomalies first identified by EM, and confirmed to contain nickel sulphide mineralization via prospecting, extend at depth.

TARGET AREAS

High Priority Targets
Barre de Fer
  • High grade nickel, copper, cobalt mineralization discovered on surface
  • Drill programs between 2001 – 2008
  • Mineralization currently has a strike length of 300 m and has been intersected to a depth of 280 m
  • 43.15 metres grading 1.74% Ni, 0.90% Cu and 0.09% Co from HPM-08-03
  • Mineralization is open at depth
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Syrah
  • Adjacent to Barre de Fer with a similar geophysical signature
  • Ni-Cu-Co outcropping on surface up to 0.82% Ni Eq
  • Possibly connected to Barre de Fer at depth
  • Drill tested in 2008, however, based on latest VTEM modelling the target was missed
  • Full element break down: 0.82% NiEq (0.58% Ni, 0.24% Cu, and 0.05% Co)
PYC
  • 1.95 km long geophysical anomaly
  • Nickel, copper, cobalt mineralization mapped on surface over a strike length of 1.7 km up to 42 m thick
  • Grades up to 1.29% Ni Eq on surface
  • Recently drill tested over 550 m of strike length, with significant sulphide mineralization intersected – assays pending
  • Full element break down: 1.29% NiEq (0.79% Ni, 0.14% Cu, and 0.15% Co)
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HIGHLIGHTS

From Barre de Fer

HPM | Blue Sky Potential

MM Graphic
  • Mapping, Geochem, Geophysics, Trenching
  • Drilling – 32 holes, 6,469 m (between 2001 & 2008), intersecting numerous high-grade Ni-Cu-Co intervals in several target areas
  • Initial deposit discovered at Barre de Fer, open at depth
  • Prospecting identified numerous Ni-Cu-Co mineralized showings
  • Numerous unexplored airborne EM anomalies require follow-up
  • VTEM-Plus airborne survey completed, numerous unexplored airborne EM anomalies identified
  • Field prospecting including mapping, sampling and backpack drilling already completed on several targets
  • Completed inaugural drill program at PYC target, possible bulk tonnage discovery
  • Expanded dominate land position from 139 km2 to 576 km2
  • Spring 2022 expand VTEM survey covering all of HPM
  • Spring/Summer 2022 ground prospecting crew investigating EM anomalies
  • Summer 2022 drill program at HPM targets