• Mining News

Proactive Investors – general mining feed

  • DeepVerge reports record quarter for environmental division (11 March 2022)

    A look at some of the major movers in London on Friday

  • PYX Resources shares rise on funding from US investor (11 March 2022)

    Potentially US$13.5mln could be invested into the zircon producer

  • Emmerson PLC trading at an 'unjustifiably cheap price' - analyst (10 March 2022)

  • Emmerson PLC trading at an 'unjustifiably cheap price' - analyst (10 March 2022)

  • Game on for KEFI Gold and Copper, as Ethiopia and Saudi Arabia come good (09 March 2022)

    Patience, and a deep experience of the ups and downs of mining exploration, have stood KEFI in good stead

  • Blencowe Resources presents plan to complete pre-feasibility study at Orom-Cross by mid 2022 (09 March 2022)

  • AfriTin Mining dual lists on Namibian exchange (09 March 2022)

    “This is an important milestone for the Company, which cements our commitment to developing Namibia and its capital markets further.”

  • MetalNRG PLC wants £20-40mln debt facility for energy projects (09 March 2022)

    MetalNRG has set up a partnership with EQTEC to develop waste-to-energy projects

  • Brookville Capital expects 'incredible run' for commodities (08 March 2022)

  • District scale potential at two exciting discoveries (08 March 2022)

    Murchison Minerals is an exploration company with two district-scale projects located in Québec and Saskatchewan, Canada. The company is focused on the discovery of energy metals in under-explored areas with camp-scale potential, within the best mining jurisdictions in the world.During the early part of 2022 Murchison is expected to focus its efforts on the HPM nickel-copper-cobalt project in Quebec. At HPM, Murchison has recently increased the scale of its ground holding by 314% following a promising maiden drill programme at the PYC Target.VTEM surveys currently cover around 20% of the expanded land package and have already defined 50 EM targets. Two of the most prospective EM targets have been drill tested to date and both have returned significant intersections of Ni-Cu-Co mineralization, validating the hypotheses that the EM targets may represent significant bodies of sulphide mineralization.An additional VTEM survey is planned to commence in the spring, covering portions of the licence not covered by the existing VTEM survey. If this survey continues to define large numbers of anomalies within the wider claim area, the results could prove to be a very exciting development for the company.Once the results of the expanded VTEM survey are received, the company is planning to conduct a programme of geochemical sampling and mapping over some of the most favourable targets ahead of a summer drill program.Before this, we are expecting the remaining assay results from the December 2021 drill program, which drill tested the PYC target. Murchison completed eight holes, totalling 1,781 meters and all eight holes intersected sulphide mineralization.Assay results from the first two drill holes have confirmed extensive shallow nickel, copper, and cobalt sulphide mineralization. Hole PYC21-007 intersected three broad zones of mineralization, totalling 62.21 meters in composite thickness. Hole PYC21-008 intersected five broad zones of mineralization, totalling 69.9 meters in composite thickness.Holes PYC21-007 and 008 were completed towards the southeast end of the VTEM anomaly, the remaining six holes, with assay results pending, are testing 0.55km of the 1.95km total strike length of the target. Importantly, the mineralization remains open at depth and along strike.With the nickel price currently at a 14-year high (30,000/t) Murchison Minerals is well-positioned to take advantage of the positive momentum in the nickel market, as assay results from the remaining six holes are expected to be announced this quarter.At Murchison Minerals' other advanced exploration project, the Brabant-McKenzie zinc-copper-lead-silver-gold project, in Saskatchewan, the company has already established a NI 43-101 compliant indicated mineral resource estimate of 2.1 million tonnes at an average zinc equivalent grade of 9.98% and an inferred mineral resource estimate of 7.6 million tonnes at an average zinc equivalent grade of 6.29%. VMS deposits typically occur within clusters and Murchison Minerals has defined over 100 discreet electromagnetic anomalies that could be additional deposits.

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