Zinc, Silver And Gold Mineralization At Historic MIN Showing

TORONTO, ON - Murchison Minerals Ltd. reported confirmation of anomalous zinc, silver and gold mineralization at the historic MIN Showing during its 2019 summer prospecting program. The MIN Showing is located south of the large Min Showing North conductive body measuring 1,080 by 888 meters, and approximately four and a half kilometers southwest of, and on strike with, the Brabant-McKenzie Deposit and the recently discovered Brabant-McKenzie South mineralization. Multiple channels were cut perpendicular to strike on the exposed mineralization using a diamond saw on the shore of Brabant Lake, with notable assays of 0.32% zinc and 5.3 g/t silver over 1.2 meters, and 0.39% zinc and 7.8 g/t silver over 0.35 meter. Anomalous gold-silver values were also noted in a sample with 0.449 g/t gold, 11.4 g/t silver and 0.15% zinc over 0.50 meter. The mineralization is relatively low grade; however, its correspondence with nearby conductive bodies is encouraging for the potential to discover significant VMS mineralization.

The Min Showing consists of pyrrhotite, minor pyrite and sphalerite finely disseminated in a rusty, weathered, conformable and siliceous layer. The mineralized zone is approximately three meters wide and occurs in a mixture of biotite-garnet, hornblende, and calc-silicate gneisses and a white-to-buff pegmatite (Saskatchewan Mineral Deposits Index #0444).The MIN Showing was first located in 1959 during regional geologic mapping and was followed up by prospecting in 1983 and 1991 with the most notable assay returned from a grab sample completed in 1983 of 0.17% zinc and 14.4 g/t silver. This zinc-silver mineralization further indicates the strong VMS potential of the Brabant-McKenzie host geologic unit elsewhere in the project area. Recent geophysical modeling of Murchison's surface TDEM (Time Domain Electromagnetic), VTEM ( Versatile Time Domain Electromagnetic) airborne magnetic survey and ground magnetic data shows the presence of a conductor with moderate conductivity coincident high magnetic susceptibility that is located under and to the west of the channel samples, suggesting that semi-massive to massive mineralization may be present nearby.

A second conductive unit called Min Showing North which lies approximately 350 meters to the north of the Min Showing has been modeled as a large low to moderate conductivity plate measuring 1,080 by 888 meters and has partial coincidence with high magnetic susceptibility. Historical drill hole BL-12-04 which is located east of the plate intersected anomalous silver grading 1.5 g/t over 0.5 meter. Min Showing North represents an encouraging high priority exploration target along strike of the MIN Showing.

The company’s contact information is (416) 350‐3776, www.murchisonminerals.com.