Murchison Minerals Lists on the Canadian Securities Exchange - Video News Alert on InvestmentPitch.com
June 20, 2014 11:00 AM EDT | Source: InvestmentPitch Media
Vancouver, British Columbia--(Newsfile Corp. - June 20, 2014) - Murchison Minerals (CSE: MUR) is one of the latest new listings on the Canadian Securities Exchange, and is trading under the symbol "MUR". Prior to its amalgamation and name change, the company traded on the TSX Venture Exchange as Manicouagan Minerals (TSXV: MAM). The company is voluntarily de-listing from the TSX Venture Exchange.
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Murchison is a Canadian-based company actively exploring for base and precious metals, including platinum group metals in central Uganda where it controls the mineral rights over an area of approximately 1,200 square kilometres.
The company also holds the 17 kilometre long Cloridorme alumina/rare earth elements property in the Gaspé Peninsula in Quebec, which lies on strike with Orbite Aluminae's billion tonne Alumina or aluminum oxide main deposit. Drilling by Murchison in 2012 intersected 76 metres of 23.3% aluminum oxide in the same favourable argillite formation that hosts Orbite's mineralization.
Murchison's other Canadian holdings include the Brabant Lake zinc, copper, lead and silver deposit in central Saskatchewan and a significant land position covering approximately 63 square kilometres in the Pickle Lake gold area of north-western Ontario.
The shares are trading at $0.11, and with 126.6 million shares outstanding, the company is capitalized at $12.7 million.
For more information, please visit the company's website www.murchisonminerals.com or contact Erik Martin, CFO at 416-350-3776 ext 222, or email emartin@murchisonminerals.com.
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