Murchison Minerals Ltd. is a Canadian-based company actively exploring for base metals and precious metals, including platinum group metals, in central Uganda where it controls the mineral rights over an area of about 1,200 km2. Murchison also holds mineral properties in Canada located in areas with potential for base metals, precious metals, alumina and rare earth elements.
Murchison has a strong, experienced management team with a focused approach to exploration and a history of discoveries.
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Murchision Minerals Ltd. is a first mover, well established, and experienced in East Africa. Murchison holds a 1,200 km2 land package in central Uganda which covers a large mafic and ultramafic complex that management believes is prospective for nickel, cobalt, and copper based on favourable geochemical anomalies and geophysical results to date.
Murchison completed a 1,013 metre diamond drilling program in July 2014 on the Karuma area of the 100% owned Murchison project in central Uganda where three of the four widely spaced holes drilled intersected potentially economic grades of near surface and deeper seated nickel mineralization. All four holes intersected sulphide mineralization. The results confirm the potential to define both nickel-sulphide type deposits as well as nickel-oxide type deposits at Karuma and support the notion that a large tonnage shallow low grade low strip ratio nickel deposit(s) may be identified. Drilling results are available in the August 25, 2014 Corporate Update.
Murchison also holds the 17 km long Cloridorme Alumina/REE property which lies on strike with Orbite Aluminae's (TSX: ORT) one billion-tonne Al2O3 Marin deposit located in the Gaspé area of Quebec.
Murchison's other Canadian holdings include the Brabant Lake Zn-Cu-Pb-Ag deposit in central Saskatchewan and a significant land position covering approximately 63 km2 in the Pickle Lake gold area of north-western Ontario.