Murchison Minerals Ltd. (TSXV: MUR): High-Grade Zinc-Copper-Silver Brabant-McKenzie Project, in Saskatchewan and HPM Nickel-Copper-Cobalt Project in Quebec; Interview with JC Potvin, President, CEO and Chairman
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By Dr. Allen Alper, PhD Economic Geology and Petrology, Columbia University, NYC, USA
on 3/14/2020
Murchison Minerals Ltd. (TSXV: MUR) is focused on its 100% owned high-grade zinc-copper-silver Brabant-McKenzie project, located in Saskatchewan, the number one ranked mining jurisdiction in Canada. Murchison also holds a 100% interest in the HPM nickel-copper-cobalt project in Quebec where it has recently doubled its claim holdings. We learned from JC Potvin, President, CEO and Chairman of Murchison Minerals, that the Brabant McKenzie deposit, with 2.1 MT @ 10% Zn eq. (Indicated) and 7.7 MT @6.3% Zn eq. (Inferred), remains open for expansion. It is located at 175 kilometres northeast of La Ronge, within excellent surrounding infrastructure, including provincial highway, grid power, water and service centers. The surrounding land package is highly prospective for additional VMS deposits, which tend to occur in clusters.
Dr. Allen Alper: This is Dr. Allen Alper, interviewing J C Potvin, who is President, CEO and Chairman of Murchison Minerals. I wonder if you could give our readers/investors an overview of your Company and also what differentiates your Company from others?
JC Potvin: Obviously, we face volatile markets and at a current price of C$0.11 our market capitalization stands at about US$5.3 million based on the 64.7 million shares outstanding, which is a highly compelling and low valuation given the quality and the value of the assets. It is a great entry point for new investors. Murchison Minerals holds a 100% interest in two major exploration and development projects located in very politically stable locations being Saskatchewan and Quebec. The Brabant Lake project which hosts the Brabant McKenzie zinc, copper, silver, gold VMS deposit, is the first and most advanced one, located in North Central Saskatchewan. It benefits from a very good local infrastructure including power, even cell phone coverage. It's accessible by road.

The Brabant-McKenzie deposit is located two kilometers Northeast of the village of Brabant Lake. The village itself is located about 174 kilometers north of a town called La Ronge. The government maintains a highway to all these uranium mines in Northern Saskatchewan which goes right by our project as well as the main 357 KVA power line, which similarly brings power to all the big uranium mines in Northern Saskatchewan.
With a substantial mineral deposit in hand, Murchison then undertook a VTEM-Max airborne survey, to identify additional deposits and simultaneously expanded its land position. In fact, since February last year, Murchison has quintupled its exploration land position, which currently stands at 565 square kilometers and stretches over a distance of 57 linear kilometers.

The geology around Brabant Lake is nearly identical to what you find in some of the big base metal mining camps that are found in Manitoba such as Flin Flon, which is right on the border with Saskatchewan, Lynn Lake, Snow Lake and Thompson. The chemistry of the rocks is identical to these well-known mining camps. The rocks are all the same age, similar structural settings. VMS type deposits tend to occur in clusters. There is no reason that the success experienced at these other mining camps cannot be repeated here at Brabant Lake.

Murchison did a lot more drilling in 2017 and '18. Murchison increased the total resource of the Brabant McKenzie deposit to about 9.7 million tons of, primarily, zinc, copper, a little bit of lead, a good grade of silver at 1 ounce per tonne and a trace of gold. The details are readily found on the Murchison Minerals website: www.murchisonminerals.com.
The deposit upside potential includes:
• Lateral and down dip deposit extensions outside the current geological model
• Internal targets within current geological model for potential tonnage additions
• Potential resource upgrade of inferred to indicated category through increased drill density
The VTEM airborne survey completed last year, in February, which identified 30 new different electromagnetic conductors that had concordant magnetic signatures, really highlights the prospective nature of the Brabant Lake area. Last summer, two teams of geologists prospected over all of these conductors and selected a number of them, on which to do some initial exploration drilling. The Company is starting another airborne survey that will start in about two weeks to cover all of the new claims acquired in the past few months.
The most recent claim block acquired by the Company, just 1 month ago, covers 126 square kilometers of highly prospective geology, basically the extension of the formation, which hosts the Brabant McKenzie deposit. It hosts six different historical copper and copper-gold mineral showings. The data acquired in this new survey will guide our team in locating new potentially economic metal deposits to complement the existing Brabant McKenzie deposit.

Dr. Allen Alper: Could you tell our readers/investors the primary reasons they should consider investing in your Company?
JC Potvin: Glad to. Murchison has a great anchor valuable asset in the Brabant McKenzie deposit. The current resource, defined by drilling, stands at 9.7 million tonnes, with excellent grades of zinc, copper and silver, combined with a significant land package of highly prospective geology, covering 565 km2. An in-fill drilling program will advance the Brabant McKenzie deposit, to the stage where it will be ready for initiation of a preliminary economic assessment study (PEA).
Murchison also holds a second very exciting nickel-copper-cobalt project in Quebec, called the HPM project, where Murchison has recently doubled the property size through staking new claims. All of these metals are being used in the new, up and coming economy of electric cars and telecommunication.
Both projects, Brabant Lake and HPM, are 100% owned by Murchison Minerals.
Murchison has a tight share structure with 64.7 million shares outstanding, the float being less than half. Murchison has a proven and motivated Management Group, working diligently to maximize asset value for all of our shareholders.

Dr. Allen Alper: That sounds excellent! Sounds like very good reasons for our readers/investors to consider investing in Murchison Minerals. We’ll publish your press releases as they come out so our readers/investors can follow your progress.
JC Potvin: Thank you.
https://www.murchisonminerals.com Jean-Charles (JC) Potvin, President and CEO
jcpotvin@murchisonminerals.com
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