# Murchison Minerals Intersects High-Grade Copper-Zinc Mineralization in Backpack Drillholes at BMK Deposit - Diamond Drill Program To Commence Early October Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/murchison-minerals-intersects-high-grade-copper-zinc-mineralization-in-backpack--22c16ddf-a41c-45ae-b093-191a19c94c2d Original source: https://money.tmx.com/en/quote/MUR/news/8960773819216961/murchison-minerals-intersects-high-grade-copper-zinc-mineralization-in-backpack- Publisher: tmx Original announcement: 2025-10-02T11:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Murchison Minerals Ltd. - Ticker: MUR - Exchange: TSX - Region: Saskatchewan - Primary commodity: Copper - Secondary commodities: Zinc, Silver, Lead, Gold - Document categories: Resource update, Drill results, Other - Extracted: 2026-09-12 15:26:30 UTC Narrative sentiment: -0.10 · Bearish ## Minestarters Atlas summary Murchison Minerals announced early results from its 2025 exploration program at the BMK VMS Project in Saskatchewan, reporting visual high-grade copper-zinc mineralization from six backpack drillholes, with assays pending. A diamond drilling program is scheduled to commence in early October to expand shallow mineralization. The release also includes a detailed summary of the project's 2018 NI 43-101 compliant mineral resource estimate. Reasoning: The announcement reports new backpack drilling with visual high-grade copper-zinc mineralization, but the lack of assay results significantly reduces the immediate impact and novelty. The detailed resource information is historical, and while a diamond drill program is planned, it represents future work rather than current results. - Positive factor: Visual high-grade copper-zinc mineralization identified in new backpack drillholes, expanding the surficial footprint. - Positive factor: A diamond drilling program is scheduled to commence in early October, targeting shallow extensions. - Positive factor: The project is located in Saskatchewan, a top-ranked mining jurisdiction. - Negative factor: No assay results are reported for the backpack drillholes; 'high-grade' is based on visual estimates and XRF only, not laboratory assays. - Negative factor: The detailed mineral resource estimate provided is historical \(effective date September 4, 2018\) and does not represent new information. - Negative factor: The resource estimate has a low Measured and Indicated \(M&I\) confidence, with only 21.6% in these categories. - Negative factor: Some historical data is noted as unverified and potentially unverifiable, cautioning against undue reliance. Low confidence — this extraction should be reviewed alongside the original source. Facts used in scoring: 54 ## Classification and evidence **No Assay Results** Polarity: negative Story-specific tag Definition: No canonical definition is currently available. Why it applies: The backpack drillholes identified visual high-grade copper-zinc mineralization, but the release explicitly states 'assays are pending' and 'grades, widths, and continuity can only be confirmed by independent laboratory analyses'. Evidence · text > Backpack drilling: To date, the Company has successfully completed six backpack drillholes at the BMK Deposit, all of which intersected near surface high-grade 1 copper-zinc mineralization \(Figures 2 & 3\) in outcrops and subcrops, assays are pending. **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: The release mentions that samples have been submitted to SRC Geoanalytical Laboratories and results will be validated through the Company's QA/QC procedures, and a Qualified Person has reviewed the disclosures. Evidence · text > All samples have been submitted to SRC Geoanalytical Laboratories \(Saskatoon, SK\), and results will be disclosed once available and validated through the Company's QA/QC procedures. ... The foregoing scientific and technical disclosures on the BMK Project have been reviewed by John Shmyr, P.Geo., VP Exploration, a registered member of the Professional Engineers and Geoscientists of Saskatchewan. Mr. Shmyr is a Qualified Person as defined by National Instrument 43-101. **Apparent Width Only** Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Why it applies: The backpack drillholes report a 'Length \(m\)' but no true width or drill orientation relative to mineralization is provided. Evidence · table > Length \(m\) Context: BP-BM-25-001 **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: The mineral resource estimate for the Brabant-McKenzie VMS Deposit was prepared by an independent qualified person and is stated to be NI 43-101 compliant. Evidence · text > The above mineral resource estimate for the Brabant-McKenzie VMS Deposit was prepared by an independent qualified person \("QP"\) Finley Bakker, P. Geo., and has an effective date of September 4, 2018. The NI 43-101 Technical Report named Technical Report on the Resource Estimate Update for the Brabant-McKenzie Property, Brabant Lake, Saskatchewan is available on the Company's website and on SEDAR. **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: The mineral resource estimate was prepared by an independent qualified person, Finley Bakker, P. Geo. Evidence · text > The above mineral resource estimate for the Brabant-McKenzie VMS Deposit was prepared by an independent qualified person \("QP"\) Finley Bakker, P. Geo. **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: A significant portion of the resource \(7.6 Mt out of 9.7 Mt total\) is classified as Inferred, which is a speculative category. Evidence · table > Inferred Resources Context: 7,600,000 **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: The effective date of the mineral resource estimate is September 4, 2018, making it over 7 years old at the time of this October 2025 announcement. Evidence · text > The above mineral resource estimate for the Brabant-McKenzie VMS Deposit was prepared by an independent qualified person \("QP"\) Finley Bakker, P. Geo., and has an effective date of September 4, 2018. **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: The Net Smelter Return \(NSR\) cut-off of $90/tonne and a 3.5% zinc equivalent cut-off are disclosed for the resource estimate. Evidence · text > A Net Smelter Return \(NSR\) cut-off of $90/tonne and a 3.5% zinc equivalent based on above metal prices and an average recovery of 75% for all metals. **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: The document presents a summary of the 2018 Mineral Resource Summary for the BMK VMS Deposit. Evidence · table > Table 1: BMK VMS Deposit - 2018 Mineral Resource Summary Context: Indicated Resources ## Extracted facts Stored fact records: 54. Some facts used in scoring do not have a stored record. ## Drill Results (12) ### BP-BM-25-001 [Link to this fact](https://atlas-extractions.minestarters.com/news/murchison-minerals-intersects-high-grade-copper-zinc-mineralization-in-backpack--22c16ddf-a41c-45ae-b093-191a19c94c2d#fact-drill-facts-0) BMK VMS · copper #### Identity - Hole ID: BP-BM-25-001 - Project: BMK VMS - Commodity: copper - Region: canada\_sk - Reported Region: canada\_sk - Ticker: MUR #### Geometry - Intercept: 2.52 m - Hole Depth: 2.52 m #### Classification - Deposit Type: vms - Program: exploration - Sample Type: drill - Mining Method: unknown #### Location - Location: Lower Zone - Easting: 581105 - Northing: 6221106 - CRS: NAD83 UTM Zone 13N - Elevation: 388 m - Azimuth: 127 ° - Dip: -62 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SRC Geoanalytical Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2025-10-02T00:00:00.000Z Reasoning: Backpack drillhole identified visual copper mineralization, but the lack of assay results means no quantitative grade information is available, limiting its immediate materiality. - Positive factor: Visual copper mineralization identified in backpack drillhole. - Negative factor: No assay results reported; 'high-grade' is based on visual estimates and XRF only. - Negative factor: Short intercept length. Evidence · table > BP-BM-25-001 Context: 581105 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The project hosts the Brabant-McKenzie VMS Deposit, and the mineral claims total 859 square kilometres, that cover appro" ### BP-BM-25-001 [Link to this fact](https://atlas-extractions.minestarters.com/news/murchison-minerals-intersects-high-grade-copper-zinc-mineralization-in-backpack--22c16ddf-a41c-45ae-b093-191a19c94c2d#fact-drill-facts-1) BMK VMS · zinc #### Identity - Hole ID: BP-BM-25-001 - Project: BMK VMS - Commodity: zinc - Region: canada\_sk - Reported Region: canada\_sk - Ticker: MUR #### Geometry - Intercept: 2.52 m - Hole Depth: 2.52 m #### Classification - Deposit Type: vms - Program: exploration - Sample Type: drill - Mining Method: unknown #### Location - Location: Lower Zone - Easting: 581105 - Northing: 6221106 - CRS: NAD83 UTM Zone 13N - Elevation: 388 m - Azimuth: 127 ° - Dip: -62 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SRC Geoanalytical Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2025-10-02T00:00:00.000Z Reasoning: Backpack drillhole identified visual zinc mineralization, but the lack of assay results means no quantitative grade information is available, limiting its immediate materiality. - Positive factor: Visual zinc mineralization identified in backpack drillhole. - Negative factor: No assay results reported; 'high-grade' is based on visual estimates and XRF only. - Negative factor: Short intercept length. Evidence · table > BP-BM-25-001 Context: 581105 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The project hosts the Brabant-McKenzie VMS Deposit, and the mineral claims total 859 square kilometres, that cover appro" ### NT07221607 [Link to this fact](https://atlas-extractions.minestarters.com/news/murchison-minerals-intersects-high-grade-copper-zinc-mineralization-in-backpack--22c16ddf-a41c-45ae-b093-191a19c94c2d#fact-drill-facts-2) BMK VMS · copper #### Identity - Hole ID: NT07221607 - Project: BMK VMS - Commodity: copper - Region: canada\_sk - Reported Region: canada\_sk - Ticker: MUR #### Geometry - Intercept: 1.57 m - Hole Depth: 1.57 m #### Classification - Deposit Type: vms - Program: exploration - Sample Type: drill - Mining Method: unknown #### Location - Location: Lower Zone - Easting: 581112 - Northing: 6221112 - CRS: NAD83 UTM Zone 13N - Elevation: 388 m - Azimuth: 0 ° - Dip: -90 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SRC Geoanalytical Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2025-10-02T00:00:00.000Z Reasoning: Backpack drillhole identified visual copper mineralization, but the lack of assay results means no quantitative grade information is available, limiting its immediate materiality. - Positive factor: Visual copper mineralization identified in backpack drillhole. - Negative factor: No assay results reported; 'high-grade' is based on visual estimates and XRF only. - Negative factor: Short intercept length. Evidence · table > NT07221607 Context: 581112 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The project hosts the Brabant-McKenzie VMS Deposit, and the mineral claims total 859 square kilometres, that cover appro" ### NT07221607 [Link to this fact](https://atlas-extractions.minestarters.com/news/murchison-minerals-intersects-high-grade-copper-zinc-mineralization-in-backpack--22c16ddf-a41c-45ae-b093-191a19c94c2d#fact-drill-facts-3) BMK VMS · zinc #### Identity - Hole ID: NT07221607 - Project: BMK VMS - Commodity: zinc - Region: canada\_sk - Reported Region: canada\_sk - Ticker: MUR #### Geometry - Intercept: 1.57 m - Hole Depth: 1.57 m #### Classification - Deposit Type: vms - Program: exploration - Sample Type: drill - Mining Method: unknown #### Location - Location: Lower Zone - Easting: 581112 - Northing: 6221112 - CRS: NAD83 UTM Zone 13N - Elevation: 388 m - Azimuth: 0 ° - Dip: -90 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SRC Geoanalytical Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2025-10-02T00:00:00.000Z Reasoning: Backpack drillhole identified visual zinc mineralization, but the lack of assay results means no quantitative grade information is available, limiting its immediate materiality. - Positive factor: Visual zinc mineralization identified in backpack drillhole. - Negative factor: No assay results reported; 'high-grade' is based on visual estimates and XRF only. - Negative factor: Short intercept length. Evidence · table > NT07221607 Context: 581112 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The project hosts the Brabant-McKenzie VMS Deposit, and the mineral claims total 859 square kilometres, that cover appro" ### NT07231612 [Link to this fact](https://atlas-extractions.minestarters.com/news/murchison-minerals-intersects-high-grade-copper-zinc-mineralization-in-backpack--22c16ddf-a41c-45ae-b093-191a19c94c2d#fact-drill-facts-4) BMK VMS · copper #### Identity - Hole ID: NT07231612 - Project: BMK VMS - Commodity: copper - Region: canada\_sk - Reported Region: canada\_sk - Ticker: MUR #### Geometry - Intercept: 2.12 m - Hole Depth: 2.12 m #### Classification - Deposit Type: vms - Program: exploration - Sample Type: drill - Mining Method: unknown #### Location - Location: Lower Zone - Easting: 581127 - Northing: 6221140 - CRS: NAD83 UTM Zone 13N - Elevation: 388 m - Azimuth: 0 ° - Dip: -90 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SRC Geoanalytical Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2025-10-02T00:00:00.000Z Reasoning: Backpack drillhole identified visual copper mineralization, but the lack of assay results means no quantitative grade information is available, limiting its immediate materiality. - Positive factor: Visual copper mineralization identified in backpack drillhole. - Negative factor: No assay results reported; 'high-grade' is based on visual estimates and XRF only. - Negative factor: Short intercept length. Evidence · table > NT07231612 Context: 581127 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The project hosts the Brabant-McKenzie VMS Deposit, and the mineral claims total 859 square kilometres, that cover appro" ### NT07231612 [Link to this fact](https://atlas-extractions.minestarters.com/news/murchison-minerals-intersects-high-grade-copper-zinc-mineralization-in-backpack--22c16ddf-a41c-45ae-b093-191a19c94c2d#fact-drill-facts-5) BMK VMS · zinc #### Identity - Hole ID: NT07231612 - Project: BMK VMS - Commodity: zinc - Region: canada\_sk - Reported Region: canada\_sk - Ticker: MUR #### Geometry - Intercept: 2.12 m - Hole Depth: 2.12 m #### Classification - Deposit Type: vms - Program: exploration - Sample Type: drill - Mining Method: unknown #### Location - Location: Lower Zone - Easting: 581127 - Northing: 6221140 - CRS: NAD83 UTM Zone 13N - Elevation: 388 m - Azimuth: 0 ° - Dip: -90 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SRC Geoanalytical Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2025-10-02T00:00:00.000Z Reasoning: Backpack drillhole identified visual zinc mineralization, but the lack of assay results means no quantitative grade information is available, limiting its immediate materiality. - Positive factor: Visual zinc mineralization identified in backpack drillhole. - Negative factor: No assay results reported; 'high-grade' is based on visual estimates and XRF only. - Negative factor: Short intercept length. Evidence · table > NT07231612 Context: 581127 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The project hosts the Brabant-McKenzie VMS Deposit, and the mineral claims total 859 square kilometres, that cover appro" ### NT08161605 [Link to this fact](https://atlas-extractions.minestarters.com/news/murchison-minerals-intersects-high-grade-copper-zinc-mineralization-in-backpack--22c16ddf-a41c-45ae-b093-191a19c94c2d#fact-drill-facts-6) BMK VMS · copper #### Identity - Hole ID: NT08161605 - Project: BMK VMS - Commodity: copper - Region: canada\_sk - Reported Region: canada\_sk - Ticker: MUR #### Geometry - Intercept: 0.83 m - Hole Depth: 0.83 m #### Classification - Deposit Type: vms - Program: exploration - Sample Type: drill - Mining Method: unknown #### Location - Location: Lower Zone - Easting: 580810 - Northing: 6220710 - CRS: NAD83 UTM Zone 13N - Elevation: 398 m - Azimuth: 90 ° - Dip: -75 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SRC Geoanalytical Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2025-10-02T00:00:00.000Z Reasoning: Backpack drillhole identified visual copper mineralization, but the lack of assay results means no quantitative grade information is available, limiting its immediate materiality. - Positive factor: Visual copper mineralization identified in backpack drillhole. - Negative factor: No assay results reported; 'high-grade' is based on visual estimates and XRF only. - Negative factor: Short intercept length. Evidence · table > NT08161605 Context: 580810 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The project hosts the Brabant-McKenzie VMS Deposit, and the mineral claims total 859 square kilometres, that cover appro" ### NT08161605 [Link to this fact](https://atlas-extractions.minestarters.com/news/murchison-minerals-intersects-high-grade-copper-zinc-mineralization-in-backpack--22c16ddf-a41c-45ae-b093-191a19c94c2d#fact-drill-facts-7) BMK VMS · zinc #### Identity - Hole ID: NT08161605 - Project: BMK VMS - Commodity: zinc - Region: canada\_sk - Reported Region: canada\_sk - Ticker: MUR #### Geometry - Intercept: 0.83 m - Hole Depth: 0.83 m #### Classification - Deposit Type: vms - Program: exploration - Sample Type: drill - Mining Method: unknown #### Location - Location: Lower Zone - Easting: 580810 - Northing: 6220710 - CRS: NAD83 UTM Zone 13N - Elevation: 398 m - Azimuth: 90 ° - Dip: -75 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SRC Geoanalytical Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2025-10-02T00:00:00.000Z Reasoning: Backpack drillhole identified visual zinc mineralization, but the lack of assay results means no quantitative grade information is available, limiting its immediate materiality. - Positive factor: Visual zinc mineralization identified in backpack drillhole. - Negative factor: No assay results reported; 'high-grade' is based on visual estimates and XRF only. - Negative factor: Short intercept length. Evidence · table > NT08161605 Context: 580810 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The project hosts the Brabant-McKenzie VMS Deposit, and the mineral claims total 859 square kilometres, that cover appro" ### NT08161739 [Link to this fact](https://atlas-extractions.minestarters.com/news/murchison-minerals-intersects-high-grade-copper-zinc-mineralization-in-backpack--22c16ddf-a41c-45ae-b093-191a19c94c2d#fact-drill-facts-8) BMK VMS · copper #### Identity - Hole ID: NT08161739 - Project: BMK VMS - Commodity: copper - Region: canada\_sk - Reported Region: canada\_sk - Ticker: MUR #### Geometry - Intercept: 0.3 m - Hole Depth: 0.3 m #### Classification - Deposit Type: vms - Program: exploration - Sample Type: drill - Mining Method: unknown #### Location - Location: Lower Zone - Easting: 580825 - Northing: 6220733 - CRS: NAD83 UTM Zone 13N - Elevation: 395 m - Azimuth: 0 ° - Dip: -90 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SRC Geoanalytical Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2025-10-02T00:00:00.000Z Reasoning: Backpack drillhole identified visual copper mineralization, but the lack of assay results means no quantitative grade information is available, limiting its immediate materiality. - Positive factor: Visual copper mineralization identified in backpack drillhole. - Negative factor: No assay results reported; 'high-grade' is based on visual estimates and XRF only. - Negative factor: Short intercept length. Evidence · table > NT08161739 Context: 580825 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The project hosts the Brabant-McKenzie VMS Deposit, and the mineral claims total 859 square kilometres, that cover appro" ### NT08161739 [Link to this fact](https://atlas-extractions.minestarters.com/news/murchison-minerals-intersects-high-grade-copper-zinc-mineralization-in-backpack--22c16ddf-a41c-45ae-b093-191a19c94c2d#fact-drill-facts-9) BMK VMS · zinc #### Identity - Hole ID: NT08161739 - Project: BMK VMS - Commodity: zinc - Region: canada\_sk - Reported Region: canada\_sk - Ticker: MUR #### Geometry - Intercept: 0.3 m - Hole Depth: 0.3 m #### Classification - Deposit Type: vms - Program: exploration - Sample Type: drill - Mining Method: unknown #### Location - Location: Lower Zone - Easting: 580825 - Northing: 6220733 - CRS: NAD83 UTM Zone 13N - Elevation: 395 m - Azimuth: 0 ° - Dip: -90 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SRC Geoanalytical Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2025-10-02T00:00:00.000Z Reasoning: Backpack drillhole identified visual zinc mineralization, but the lack of assay results means no quantitative grade information is available, limiting its immediate materiality. - Positive factor: Visual zinc mineralization identified in backpack drillhole. - Negative factor: No assay results reported; 'high-grade' is based on visual estimates and XRF only. - Negative factor: Short intercept length. Evidence · table > NT08161739 Context: 580825 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The project hosts the Brabant-McKenzie VMS Deposit, and the mineral claims total 859 square kilometres, that cover appro" ### NT08171508 [Link to this fact](https://atlas-extractions.minestarters.com/news/murchison-minerals-intersects-high-grade-copper-zinc-mineralization-in-backpack--22c16ddf-a41c-45ae-b093-191a19c94c2d#fact-drill-facts-10) BMK VMS · copper #### Identity - Hole ID: NT08171508 - Project: BMK VMS - Commodity: copper - Region: canada\_sk - Reported Region: canada\_sk - Ticker: MUR #### Geometry - Intercept: 1.42 m - Hole Depth: 1.42 m #### Classification - Deposit Type: vms - Program: exploration - Sample Type: drill - Mining Method: unknown #### Location - Location: Lower Zone - Easting: 580771 - Northing: 6220607 - CRS: NAD83 UTM Zone 13N - Elevation: 398 m - Azimuth: 80 ° - Dip: -65 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SRC Geoanalytical Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2025-10-02T00:00:00.000Z Reasoning: Backpack drillhole identified visual copper mineralization, but the lack of assay results means no quantitative grade information is available, limiting its immediate materiality. - Positive factor: Visual copper mineralization identified in backpack drillhole. - Negative factor: No assay results reported; 'high-grade' is based on visual estimates and XRF only. - Negative factor: Short intercept length. Evidence · table > NT08171508 Context: 580771 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The project hosts the Brabant-McKenzie VMS Deposit, and the mineral claims total 859 square kilometres, that cover appro" ### NT08171508 [Link to this fact](https://atlas-extractions.minestarters.com/news/murchison-minerals-intersects-high-grade-copper-zinc-mineralization-in-backpack--22c16ddf-a41c-45ae-b093-191a19c94c2d#fact-drill-facts-11) BMK VMS · zinc #### Identity - Hole ID: NT08171508 - Project: BMK VMS - Commodity: zinc - Region: canada\_sk - Reported Region: canada\_sk - Ticker: MUR #### Geometry - Intercept: 1.42 m - Hole Depth: 1.42 m #### Classification - Deposit Type: vms - Program: exploration - Sample Type: drill - Mining Method: unknown #### Location - Location: Lower Zone - Easting: 580771 - Northing: 6220607 - CRS: NAD83 UTM Zone 13N - Elevation: 398 m - Azimuth: 80 ° - Dip: -65 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: SRC Geoanalytical Laboratories - QA/QC Disclosed: Yes - QP Signed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2025-10-02T00:00:00.000Z Reasoning: Backpack drillhole identified visual zinc mineralization, but the lack of assay results means no quantitative grade information is available, limiting its immediate materiality. - Positive factor: Visual zinc mineralization identified in backpack drillhole. - Negative factor: No assay results reported; 'high-grade' is based on visual estimates and XRF only. - Negative factor: Short intercept length. Evidence · table > NT08171508 Context: 580771 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The project hosts the Brabant-McKenzie VMS Deposit, and the mineral claims total 859 square kilometres, that cover appro" ## Resource Estimates (42) ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/murchison-minerals-intersects-high-grade-copper-zinc-mineralization-in-backpack--22c16ddf-a41c-45ae-b093-191a19c94c2d#fact-resource-facts-12) BMK VMS Project · copper Historical result Needs review: historical\_restatement #### Identity - Project: BMK VMS Project - Commodity: copper - Region: canada\_sk - Reported Region: Saskatchewan - Ticker: MUR #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Finley Bakker - Resource group id: resource:f9320cbe718329d59b50 - Deposit or zone: Lower Zone #### Resource Data - Category: indicated - Tonnes: 1200000 - Grade: 0.75 - Grade Unit: % - Cutoff Grade: 90 - Cutoff Unit: USD/tonne #### Prior Estimate - Resource Date: 2018-09-04 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2018-09-04T00:00:00.000Z #### Dates - Event date: 2025-10-02T00:00:00.000Z Reasoning: Indicated resource for copper in the Lower Zone, showing moderate grade for a VMS deposit, but it is a historical estimate. - Positive factor: Moderate copper grade for a VMS deposit. - Positive factor: NI 43-101 compliant and QP signed. - Negative factor: This is a historical estimate from 2018, not new information. Evidence · table > 0.75 Context: 1,200,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 7.1 years before this release ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/murchison-minerals-intersects-high-grade-copper-zinc-mineralization-in-backpack--22c16ddf-a41c-45ae-b093-191a19c94c2d#fact-resource-facts-13) BMK VMS Project · zinc Historical result Needs review: historical\_restatement #### Identity - Project: BMK VMS Project - Commodity: zinc - Region: canada\_sk - Reported Region: Saskatchewan - Ticker: MUR #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Finley Bakker - Resource group id: resource:f9320cbe718329d59b50 - Deposit or zone: Lower Zone #### Resource Data - Category: indicated - Tonnes: 1200000 - Grade: 8.13 - Grade Unit: % - Cutoff Grade: 90 - Cutoff Unit: USD/tonne #### Prior Estimate - Resource Date: 2018-09-04 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2018-09-04T00:00:00.000Z #### Dates - Event date: 2025-10-02T00:00:00.000Z Reasoning: Indicated resource for zinc in the Lower Zone, showing moderate grade for a VMS deposit, but it is a historical estimate. - Positive factor: Moderate zinc grade for a VMS deposit. - Positive factor: NI 43-101 compliant and QP signed. - Negative factor: This is a historical estimate from 2018, not new information. Evidence · table > 8.13 Context: 1,200,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 7.1 years before this release ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/murchison-minerals-intersects-high-grade-copper-zinc-mineralization-in-backpack--22c16ddf-a41c-45ae-b093-191a19c94c2d#fact-resource-facts-14) BMK VMS Project · silver Historical result Needs review: historical\_restatement #### Identity - Project: BMK VMS Project - Commodity: silver - Region: canada\_sk - Reported Region: Saskatchewan - Ticker: MUR #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Finley Bakker - Resource group id: resource:f9320cbe718329d59b50 - Deposit or zone: Lower Zone #### Resource Data - Category: indicated - Tonnes: 1200000 - Grade: 48 - Grade Unit: g/t - Cutoff Grade: 90 - Cutoff Unit: USD/tonne #### Prior Estimate - Resource Date: 2018-09-04 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2018-09-04T00:00:00.000Z #### Dates - Event date: 2025-10-02T00:00:00.000Z Reasoning: Indicated resource for silver in the Lower Zone, but it is a historical estimate. - Positive factor: NI 43-101 compliant and QP signed. - Negative factor: This is a historical estimate from 2018, not new information. Evidence · table > 48 Context: 1,200,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 7.1 years before this release ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/murchison-minerals-intersects-high-grade-copper-zinc-mineralization-in-backpack--22c16ddf-a41c-45ae-b093-191a19c94c2d#fact-resource-facts-15) BMK VMS Project · lead Historical result Needs review: historical\_restatement #### Identity - Project: BMK VMS Project - Commodity: lead - Region: canada\_sk - Reported Region: Saskatchewan - Ticker: MUR #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Finley Bakker - Resource group id: resource:f9320cbe718329d59b50 - Deposit or zone: Lower Zone #### Resource Data - Category: indicated - Tonnes: 1200000 - Grade: 0.67 - Grade Unit: % - Cutoff Grade: 90 - Cutoff Unit: USD/tonne #### Prior Estimate - Resource Date: 2018-09-04 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2018-09-04T00:00:00.000Z #### Dates - Event date: 2025-10-02T00:00:00.000Z Reasoning: Indicated resource for lead in the Lower Zone, but it is a historical estimate. - Positive factor: NI 43-101 compliant and QP signed. - Negative factor: This is a historical estimate from 2018, not new information. Evidence · table > 0.67 Context: 1,200,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 7.1 years before this release ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/murchison-minerals-intersects-high-grade-copper-zinc-mineralization-in-backpack--22c16ddf-a41c-45ae-b093-191a19c94c2d#fact-resource-facts-16) BMK VMS Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: BMK VMS Project - Commodity: gold - Region: canada\_sk - Reported Region: Saskatchewan - Ticker: MUR #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Finley Bakker - Resource group id: resource:f9320cbe718329d59b50 - Deposit or zone: Lower Zone #### Resource Data - Category: indicated - Tonnes: 1200000 - Grade: 0.28 - Grade Unit: g/t - Cutoff Grade: 90 - Cutoff Unit: USD/tonne #### Prior Estimate - Resource Date: 2018-09-04 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2018-09-04T00:00:00.000Z #### Dates - Event date: 2025-10-02T00:00:00.000Z Reasoning: Indicated resource for gold in the Lower Zone, but it is a historical estimate. - Positive factor: NI 43-101 compliant and QP signed. - Negative factor: This is a historical estimate from 2018, not new information. Evidence · table > 0.28 Context: 1,200,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 7.1 years before this release ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/murchison-minerals-intersects-high-grade-copper-zinc-mineralization-in-backpack--22c16ddf-a41c-45ae-b093-191a19c94c2d#fact-resource-facts-17) BMK VMS Project · copper Historical result Needs review: historical\_restatement #### Identity - Project: BMK VMS Project - Commodity: copper - Region: canada\_sk - Reported Region: Saskatchewan - Ticker: MUR #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Finley Bakker - Resource group id: resource:f9320cbe718329d59b50 - Deposit or zone: Lower Zone #### Resource Data - Category: indicated - Tonnes: 1200000 - Cutoff Grade: 90 - Cutoff Unit: USD/tonne #### Prior Estimate - Resource Date: 2018-09-04 #### Metal Equivalent - Metal Eq. Grade: 4.19 - Metal Eq. Unit: Cu Eq. \(%\) - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2018-09-04T00:00:00.000Z #### Dates - Event date: 2025-10-02T00:00:00.000Z Reasoning: Indicated resource for copper equivalent in the Lower Zone, with disclosed assumptions, but it is a historical estimate. - Positive factor: Metal equivalent grade provided with disclosed assumptions. - Positive factor: NI 43-101 compliant and QP signed. - Negative factor: This is a historical estimate from 2018, not new information. Evidence · table > 4.19 Context: 1,200,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 7.1 years before this release ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/murchison-minerals-intersects-high-grade-copper-zinc-mineralization-in-backpack--22c16ddf-a41c-45ae-b093-191a19c94c2d#fact-resource-facts-18) BMK VMS Project · zinc Historical result Needs review: historical\_restatement #### Identity - Project: BMK VMS Project - Commodity: zinc - Region: canada\_sk - Reported Region: Saskatchewan - Ticker: MUR #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Finley Bakker - Resource group id: resource:f9320cbe718329d59b50 - Deposit or zone: Lower Zone #### Resource Data - Category: indicated - Tonnes: 1200000 - Cutoff Grade: 90 - Cutoff Unit: USD/tonne #### Prior Estimate - Resource Date: 2018-09-04 #### Metal Equivalent - Metal Eq. Grade: 14.6 - Metal Eq. Unit: Zn Eq. \(%\) - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2018-09-04T00:00:00.000Z #### Dates - Event date: 2025-10-02T00:00:00.000Z Reasoning: Indicated resource for zinc equivalent in the Lower Zone, with disclosed assumptions, but it is a historical estimate. - Positive factor: Metal equivalent grade provided with disclosed assumptions. - Positive factor: NI 43-101 compliant and QP signed. - Negative factor: This is a historical estimate from 2018, not new information. Evidence · table > 14.6 Context: 1,200,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 7.1 years before this release ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/murchison-minerals-intersects-high-grade-copper-zinc-mineralization-in-backpack--22c16ddf-a41c-45ae-b093-191a19c94c2d#fact-resource-facts-19) BMK VMS Project · copper Historical result Needs review: historical\_restatement #### Identity - Project: BMK VMS Project - Commodity: copper - Region: canada\_sk - Reported Region: Saskatchewan - Ticker: MUR #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Finley Bakker - Resource group id: resource:2efd02ed3563b4d8aab7 - Deposit or zone: Upper Zone #### Resource Data - Category: indicated - Tonnes: 900000 - Grade: 0.6 - Grade Unit: % - Cutoff Grade: 90 - Cutoff Unit: USD/tonne #### Prior Estimate - Resource Date: 2018-09-04 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2018-09-04T00:00:00.000Z #### Dates - Event date: 2025-10-02T00:00:00.000Z Reasoning: Indicated resource for copper in the Upper Zone, showing weak grade for a VMS deposit, and it is a historical estimate. - Positive factor: NI 43-101 compliant and QP signed. - Negative factor: Weak copper grade for a VMS deposit. - Negative factor: This is a historical estimate from 2018, not new information. Evidence · table > 0.6 Context: 900,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 7.1 years before this release ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/murchison-minerals-intersects-high-grade-copper-zinc-mineralization-in-backpack--22c16ddf-a41c-45ae-b093-191a19c94c2d#fact-resource-facts-20) BMK VMS Project · zinc Historical result Needs review: historical\_restatement #### Identity - Project: BMK VMS Project - Commodity: zinc - Region: canada\_sk - Reported Region: Saskatchewan - Ticker: MUR #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Finley Bakker - Resource group id: resource:2efd02ed3563b4d8aab7 - Deposit or zone: Upper Zone #### Resource Data - Category: indicated - Tonnes: 900000 - Grade: 5.7 - Grade Unit: % - Cutoff Grade: 90 - Cutoff Unit: USD/tonne #### Prior Estimate - Resource Date: 2018-09-04 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2018-09-04T00:00:00.000Z #### Dates - Event date: 2025-10-02T00:00:00.000Z Reasoning: Indicated resource for zinc in the Upper Zone, showing moderate grade for a VMS deposit, but it is a historical estimate. - Positive factor: Moderate zinc grade for a VMS deposit. - Positive factor: NI 43-101 compliant and QP signed. - Negative factor: This is a historical estimate from 2018, not new information. Evidence · table > 5.7 Context: 900,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 7.1 years before this release ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/murchison-minerals-intersects-high-grade-copper-zinc-mineralization-in-backpack--22c16ddf-a41c-45ae-b093-191a19c94c2d#fact-resource-facts-21) BMK VMS Project · silver Historical result Needs review: historical\_restatement #### Identity - Project: BMK VMS Project - Commodity: silver - Region: canada\_sk - Reported Region: Saskatchewan - Ticker: MUR #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Finley Bakker - Resource group id: resource:2efd02ed3563b4d8aab7 - Deposit or zone: Upper Zone #### Resource Data - Category: indicated - Tonnes: 900000 - Grade: 28.52 - Grade Unit: g/t - Cutoff Grade: 90 - Cutoff Unit: USD/tonne #### Prior Estimate - Resource Date: 2018-09-04 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2018-09-04T00:00:00.000Z #### Dates - Event date: 2025-10-02T00:00:00.000Z Reasoning: Indicated resource for silver in the Upper Zone, but it is a historical estimate. - Positive factor: NI 43-101 compliant and QP signed. - Negative factor: This is a historical estimate from 2018, not new information. Evidence · table > 28.52 Context: 900,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 7.1 years before this release ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/murchison-minerals-intersects-high-grade-copper-zinc-mineralization-in-backpack--22c16ddf-a41c-45ae-b093-191a19c94c2d#fact-resource-facts-22) BMK VMS Project · lead Historical result Needs review: historical\_restatement #### Identity - Project: BMK VMS Project - Commodity: lead - Region: canada\_sk - Reported Region: Saskatchewan - Ticker: MUR #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Finley Bakker - Resource group id: resource:2efd02ed3563b4d8aab7 - Deposit or zone: Upper Zone #### Resource Data - Category: indicated - Tonnes: 900000 - Grade: 0.24 - Grade Unit: % - Cutoff Grade: 90 - Cutoff Unit: USD/tonne #### Prior Estimate - Resource Date: 2018-09-04 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2018-09-04T00:00:00.000Z #### Dates - Event date: 2025-10-02T00:00:00.000Z Reasoning: Indicated resource for lead in the Upper Zone, but it is a historical estimate. - Positive factor: NI 43-101 compliant and QP signed. - Negative factor: This is a historical estimate from 2018, not new information. Evidence · table > 0.24 Context: 900,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 7.1 years before this release ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/murchison-minerals-intersects-high-grade-copper-zinc-mineralization-in-backpack--22c16ddf-a41c-45ae-b093-191a19c94c2d#fact-resource-facts-23) BMK VMS Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: BMK VMS Project - Commodity: gold - Region: canada\_sk - Reported Region: Saskatchewan - Ticker: MUR #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Finley Bakker - Resource group id: resource:2efd02ed3563b4d8aab7 - Deposit or zone: Upper Zone #### Resource Data - Category: indicated - Tonnes: 900000 - Grade: 0.17 - Grade Unit: g/t - Cutoff Grade: 90 - Cutoff Unit: USD/tonne #### Prior Estimate - Resource Date: 2018-09-04 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2018-09-04T00:00:00.000Z #### Dates - Event date: 2025-10-02T00:00:00.000Z Reasoning: Indicated resource for gold in the Upper Zone, but it is a historical estimate. - Positive factor: NI 43-101 compliant and QP signed. - Negative factor: This is a historical estimate from 2018, not new information. Evidence · table > 0.17 Context: 900,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 7.1 years before this release ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/murchison-minerals-intersects-high-grade-copper-zinc-mineralization-in-backpack--22c16ddf-a41c-45ae-b093-191a19c94c2d#fact-resource-facts-24) BMK VMS Project · copper Historical result Needs review: historical\_restatement #### Identity - Project: BMK VMS Project - Commodity: copper - Region: canada\_sk - Reported Region: Saskatchewan - Ticker: MUR #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Finley Bakker - Resource group id: resource:2efd02ed3563b4d8aab7 - Deposit or zone: Upper Zone #### Resource Data - Category: indicated - Tonnes: 900000 - Cutoff Grade: 90 - Cutoff Unit: USD/tonne #### Prior Estimate - Resource Date: 2018-09-04 #### Metal Equivalent - Metal Eq. Grade: 2.87 - Metal Eq. Unit: Cu Eq. \(%\) - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2018-09-04T00:00:00.000Z #### Dates - Event date: 2025-10-02T00:00:00.000Z Reasoning: Indicated resource for copper equivalent in the Upper Zone, with disclosed assumptions, but it is a historical estimate. - Positive factor: Metal equivalent grade provided with disclosed assumptions. - Positive factor: NI 43-101 compliant and QP signed. - Negative factor: This is a historical estimate from 2018, not new information. Evidence · table > 2.87 Context: 900,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 7.1 years before this release ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/murchison-minerals-intersects-high-grade-copper-zinc-mineralization-in-backpack--22c16ddf-a41c-45ae-b093-191a19c94c2d#fact-resource-facts-25) BMK VMS Project · zinc Historical result Needs review: historical\_restatement #### Identity - Project: BMK VMS Project - Commodity: zinc - Region: canada\_sk - Reported Region: Saskatchewan - Ticker: MUR #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Finley Bakker - Resource group id: resource:2efd02ed3563b4d8aab7 - Deposit or zone: Upper Zone #### Resource Data - Category: indicated - Tonnes: 900000 - Cutoff Grade: 90 - Cutoff Unit: USD/tonne #### Prior Estimate - Resource Date: 2018-09-04 #### Metal Equivalent - Metal Eq. Grade: 9.98 - Metal Eq. Unit: Zn Eq. \(%\) - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2018-09-04T00:00:00.000Z #### Dates - Event date: 2025-10-02T00:00:00.000Z Reasoning: Indicated resource for zinc equivalent in the Upper Zone, with disclosed assumptions, but it is a historical estimate. - Positive factor: Metal equivalent grade provided with disclosed assumptions. - Positive factor: NI 43-101 compliant and QP signed. - Negative factor: This is a historical estimate from 2018, not new information. Evidence · table > 9.98 Context: 900,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 7.1 years before this release ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/murchison-minerals-intersects-high-grade-copper-zinc-mineralization-in-backpack--22c16ddf-a41c-45ae-b093-191a19c94c2d#fact-resource-facts-26) BMK VMS Project · copper Historical result Needs review: historical\_restatement #### Identity - Project: BMK VMS Project - Commodity: copper - Region: canada\_sk - Reported Region: Saskatchewan - Ticker: MUR #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Finley Bakker - Resource group id: resource:21774d72f25b806a7750 - Deposit or zone: Total #### Resource Data - Category: indicated - Tonnes: 2100000 - Grade: 0.69 - Grade Unit: % - Cutoff Grade: 90 - Cutoff Unit: USD/tonne #### Prior Estimate - Resource Date: 2018-09-04 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2018-09-04T00:00:00.000Z #### Dates - Event date: 2025-10-02T00:00:00.000Z Reasoning: Total indicated resource for copper, showing weak grade for a VMS deposit, and it is a historical estimate. - Positive factor: NI 43-101 compliant and QP signed. - Negative factor: Weak copper grade for a VMS deposit. - Negative factor: This is a historical estimate from 2018, not new information. Evidence · table > 0.69 Context: 2,100,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 7.1 years before this release ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/murchison-minerals-intersects-high-grade-copper-zinc-mineralization-in-backpack--22c16ddf-a41c-45ae-b093-191a19c94c2d#fact-resource-facts-27) BMK VMS Project · zinc Historical result Needs review: historical\_restatement #### Identity - Project: BMK VMS Project - Commodity: zinc - Region: canada\_sk - Reported Region: Saskatchewan - Ticker: MUR #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Finley Bakker - Resource group id: resource:21774d72f25b806a7750 - Deposit or zone: Total #### Resource Data - Category: indicated - Tonnes: 2100000 - Grade: 7.08 - Grade Unit: % - Cutoff Grade: 90 - Cutoff Unit: USD/tonne #### Prior Estimate - Resource Date: 2018-09-04 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2018-09-04T00:00:00.000Z #### Dates - Event date: 2025-10-02T00:00:00.000Z Reasoning: Total indicated resource for zinc, showing moderate grade for a VMS deposit, but it is a historical estimate. - Positive factor: Moderate zinc grade for a VMS deposit. - Positive factor: NI 43-101 compliant and QP signed. - Negative factor: This is a historical estimate from 2018, not new information. Evidence · table > 7.08 Context: 2,100,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 7.1 years before this release ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/murchison-minerals-intersects-high-grade-copper-zinc-mineralization-in-backpack--22c16ddf-a41c-45ae-b093-191a19c94c2d#fact-resource-facts-28) BMK VMS Project · silver Historical result Needs review: historical\_restatement #### Identity - Project: BMK VMS Project - Commodity: silver - Region: canada\_sk - Reported Region: Saskatchewan - Ticker: MUR #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Finley Bakker - Resource group id: resource:21774d72f25b806a7750 - Deposit or zone: Total #### Resource Data - Category: indicated - Tonnes: 2100000 - Grade: 39.6 - Grade Unit: g/t - Cutoff Grade: 90 - Cutoff Unit: USD/tonne #### Prior Estimate - Resource Date: 2018-09-04 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2018-09-04T00:00:00.000Z #### Dates - Event date: 2025-10-02T00:00:00.000Z Reasoning: Total indicated resource for silver, but it is a historical estimate. - Positive factor: NI 43-101 compliant and QP signed. - Negative factor: This is a historical estimate from 2018, not new information. Evidence · table > 39.6 Context: 2,100,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 7.1 years before this release ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/murchison-minerals-intersects-high-grade-copper-zinc-mineralization-in-backpack--22c16ddf-a41c-45ae-b093-191a19c94c2d#fact-resource-facts-29) BMK VMS Project · lead Historical result Needs review: historical\_restatement #### Identity - Project: BMK VMS Project - Commodity: lead - Region: canada\_sk - Reported Region: Saskatchewan - Ticker: MUR #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Finley Bakker - Resource group id: resource:21774d72f25b806a7750 - Deposit or zone: Total #### Resource Data - Category: indicated - Tonnes: 2100000 - Grade: 0.49 - Grade Unit: % - Cutoff Grade: 90 - Cutoff Unit: USD/tonne #### Prior Estimate - Resource Date: 2018-09-04 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2018-09-04T00:00:00.000Z #### Dates - Event date: 2025-10-02T00:00:00.000Z Reasoning: Total indicated resource for lead, but it is a historical estimate. - Positive factor: NI 43-101 compliant and QP signed. - Negative factor: This is a historical estimate from 2018, not new information. Evidence · table > 0.49 Context: 2,100,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 7.1 years before this release ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/murchison-minerals-intersects-high-grade-copper-zinc-mineralization-in-backpack--22c16ddf-a41c-45ae-b093-191a19c94c2d#fact-resource-facts-30) BMK VMS Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: BMK VMS Project - Commodity: gold - Region: canada\_sk - Reported Region: Saskatchewan - Ticker: MUR #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Finley Bakker - Resource group id: resource:21774d72f25b806a7750 - Deposit or zone: Total #### Resource Data - Category: indicated - Tonnes: 2100000 - Grade: 0.23 - Grade Unit: g/t - Cutoff Grade: 90 - Cutoff Unit: USD/tonne #### Prior Estimate - Resource Date: 2018-09-04 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2018-09-04T00:00:00.000Z #### Dates - Event date: 2025-10-02T00:00:00.000Z Reasoning: Total indicated resource for gold, but it is a historical estimate. - Positive factor: NI 43-101 compliant and QP signed. - Negative factor: This is a historical estimate from 2018, not new information. Evidence · table > 0.23 Context: 2,100,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 7.1 years before this release ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/murchison-minerals-intersects-high-grade-copper-zinc-mineralization-in-backpack--22c16ddf-a41c-45ae-b093-191a19c94c2d#fact-resource-facts-31) BMK VMS Project · copper Historical result Needs review: historical\_restatement #### Identity - Project: BMK VMS Project - Commodity: copper - Region: canada\_sk - Reported Region: Saskatchewan - Ticker: MUR #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Finley Bakker - Resource group id: resource:21774d72f25b806a7750 - Deposit or zone: Total #### Resource Data - Category: indicated - Tonnes: 2100000 - Cutoff Grade: 90 - Cutoff Unit: USD/tonne #### Prior Estimate - Resource Date: 2018-09-04 #### Metal Equivalent - Metal Eq. Grade: 3.62 - Metal Eq. Unit: Cu Eq. \(%\) - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2018-09-04T00:00:00.000Z #### Dates - Event date: 2025-10-02T00:00:00.000Z Reasoning: Total indicated resource for copper equivalent, with disclosed assumptions, but it is a historical estimate. - Positive factor: Metal equivalent grade provided with disclosed assumptions. - Positive factor: NI 43-101 compliant and QP signed. - Negative factor: This is a historical estimate from 2018, not new information. Evidence · table > 3.62 Context: 2,100,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 7.1 years before this release ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/murchison-minerals-intersects-high-grade-copper-zinc-mineralization-in-backpack--22c16ddf-a41c-45ae-b093-191a19c94c2d#fact-resource-facts-32) BMK VMS Project · zinc Historical result Needs review: historical\_restatement #### Identity - Project: BMK VMS Project - Commodity: zinc - Region: canada\_sk - Reported Region: Saskatchewan - Ticker: MUR #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Finley Bakker - Resource group id: resource:21774d72f25b806a7750 - Deposit or zone: Total #### Resource Data - Category: indicated - Tonnes: 2100000 - Cutoff Grade: 90 - Cutoff Unit: USD/tonne #### Prior Estimate - Resource Date: 2018-09-04 #### Metal Equivalent - Metal Eq. Grade: 12.62 - Metal Eq. Unit: Zn Eq. \(%\) - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2018-09-04T00:00:00.000Z #### Dates - Event date: 2025-10-02T00:00:00.000Z Reasoning: Total indicated resource for zinc equivalent, with disclosed assumptions, but it is a historical estimate. - Positive factor: Metal equivalent grade provided with disclosed assumptions. - Positive factor: NI 43-101 compliant and QP signed. - Negative factor: This is a historical estimate from 2018, not new information. Evidence · table > 12.62 Context: 2,100,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 7.1 years before this release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/murchison-minerals-intersects-high-grade-copper-zinc-mineralization-in-backpack--22c16ddf-a41c-45ae-b093-191a19c94c2d#fact-resource-facts-33) BMK VMS Project · copper Historical result Needs review: historical\_restatement #### Identity - Project: BMK VMS Project - Commodity: copper - Region: canada\_sk - Reported Region: Saskatchewan - Ticker: MUR #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Finley Bakker - Resource group id: resource:2b95e5222942d7ced5c5 - Deposit or zone: Lower Zone #### Resource Data - Category: inferred - Tonnes: 2700000 - Grade: 0.55 - Grade Unit: % - Cutoff Grade: 90 - Cutoff Unit: USD/tonne #### Prior Estimate - Resource Date: 2018-09-04 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2018-09-04T00:00:00.000Z #### Dates - Event date: 2025-10-02T00:00:00.000Z Reasoning: Inferred resource for copper in the Lower Zone, showing weak grade for a VMS deposit, and it is a historical and speculative estimate. - Positive factor: NI 43-101 compliant and QP signed. - Negative factor: Weak copper grade for a VMS deposit. - Negative factor: This is a historical inferred resource, which is speculative and not new information. Evidence · table > 0.55 Context: 2,700,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 7.1 years before this release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/murchison-minerals-intersects-high-grade-copper-zinc-mineralization-in-backpack--22c16ddf-a41c-45ae-b093-191a19c94c2d#fact-resource-facts-34) BMK VMS Project · zinc Historical result Needs review: historical\_restatement #### Identity - Project: BMK VMS Project - Commodity: zinc - Region: canada\_sk - Reported Region: Saskatchewan - Ticker: MUR #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Finley Bakker - Resource group id: resource:2b95e5222942d7ced5c5 - Deposit or zone: Lower Zone #### Resource Data - Category: inferred - Tonnes: 2700000 - Grade: 4.88 - Grade Unit: % - Cutoff Grade: 90 - Cutoff Unit: USD/tonne #### Prior Estimate - Resource Date: 2018-09-04 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2018-09-04T00:00:00.000Z #### Dates - Event date: 2025-10-02T00:00:00.000Z Reasoning: Inferred resource for zinc in the Lower Zone, showing weak grade for a VMS deposit, and it is a historical and speculative estimate. - Positive factor: NI 43-101 compliant and QP signed. - Negative factor: Weak zinc grade for a VMS deposit. - Negative factor: This is a historical inferred resource, which is speculative and not new information. Evidence · table > 4.88 Context: 2,700,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 7.1 years before this release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/murchison-minerals-intersects-high-grade-copper-zinc-mineralization-in-backpack--22c16ddf-a41c-45ae-b093-191a19c94c2d#fact-resource-facts-35) BMK VMS Project · silver Historical result Needs review: historical\_restatement #### Identity - Project: BMK VMS Project - Commodity: silver - Region: canada\_sk - Reported Region: Saskatchewan - Ticker: MUR #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Finley Bakker - Resource group id: resource:2b95e5222942d7ced5c5 - Deposit or zone: Lower Zone #### Resource Data - Category: inferred - Tonnes: 2700000 - Grade: 29.02 - Grade Unit: g/t - Cutoff Grade: 90 - Cutoff Unit: USD/tonne #### Prior Estimate - Resource Date: 2018-09-04 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2018-09-04T00:00:00.000Z #### Dates - Event date: 2025-10-02T00:00:00.000Z Reasoning: Inferred resource for silver in the Lower Zone, and it is a historical and speculative estimate. - Positive factor: NI 43-101 compliant and QP signed. - Negative factor: This is a historical inferred resource, which is speculative and not new information. Evidence · table > 29.02 Context: 2,700,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 7.1 years before this release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/murchison-minerals-intersects-high-grade-copper-zinc-mineralization-in-backpack--22c16ddf-a41c-45ae-b093-191a19c94c2d#fact-resource-facts-36) BMK VMS Project · lead Historical result Needs review: historical\_restatement #### Identity - Project: BMK VMS Project - Commodity: lead - Region: canada\_sk - Reported Region: Saskatchewan - Ticker: MUR #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Finley Bakker - Resource group id: resource:2b95e5222942d7ced5c5 - Deposit or zone: Lower Zone #### Resource Data - Category: inferred - Tonnes: 2700000 - Grade: 0.42 - Grade Unit: % - Cutoff Grade: 90 - Cutoff Unit: USD/tonne #### Prior Estimate - Resource Date: 2018-09-04 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2018-09-04T00:00:00.000Z #### Dates - Event date: 2025-10-02T00:00:00.000Z Reasoning: Inferred resource for lead in the Lower Zone, and it is a historical and speculative estimate. - Positive factor: NI 43-101 compliant and QP signed. - Negative factor: This is a historical inferred resource, which is speculative and not new information. Evidence · table > 0.42 Context: 2,700,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 7.1 years before this release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/murchison-minerals-intersects-high-grade-copper-zinc-mineralization-in-backpack--22c16ddf-a41c-45ae-b093-191a19c94c2d#fact-resource-facts-37) BMK VMS Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: BMK VMS Project - Commodity: gold - Region: canada\_sk - Reported Region: Saskatchewan - Ticker: MUR #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Finley Bakker - Resource group id: resource:2b95e5222942d7ced5c5 - Deposit or zone: Lower Zone #### Resource Data - Category: inferred - Tonnes: 2700000 - Grade: 0.14 - Grade Unit: g/t - Cutoff Grade: 90 - Cutoff Unit: USD/tonne #### Prior Estimate - Resource Date: 2018-09-04 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2018-09-04T00:00:00.000Z #### Dates - Event date: 2025-10-02T00:00:00.000Z Reasoning: Inferred resource for gold in the Lower Zone, and it is a historical and speculative estimate. - Positive factor: NI 43-101 compliant and QP signed. - Negative factor: This is a historical inferred resource, which is speculative and not new information. Evidence · table > 0.14 Context: 2,700,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 7.1 years before this release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/murchison-minerals-intersects-high-grade-copper-zinc-mineralization-in-backpack--22c16ddf-a41c-45ae-b093-191a19c94c2d#fact-resource-facts-38) BMK VMS Project · copper Historical result Needs review: historical\_restatement #### Identity - Project: BMK VMS Project - Commodity: copper - Region: canada\_sk - Reported Region: Saskatchewan - Ticker: MUR #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Finley Bakker - Resource group id: resource:2b95e5222942d7ced5c5 - Deposit or zone: Lower Zone #### Resource Data - Category: inferred - Tonnes: 2700000 - Cutoff Grade: 90 - Cutoff Unit: USD/tonne #### Prior Estimate - Resource Date: 2018-09-04 #### Metal Equivalent - Metal Eq. Grade: 2.59 - Metal Eq. Unit: Cu Eq. \(%\) - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2018-09-04T00:00:00.000Z #### Dates - Event date: 2025-10-02T00:00:00.000Z Reasoning: Inferred resource for copper equivalent in the Lower Zone, with disclosed assumptions, but it is a historical and speculative estimate. - Positive factor: Metal equivalent grade provided with disclosed assumptions. - Positive factor: NI 43-101 compliant and QP signed. - Negative factor: This is a historical inferred resource, which is speculative and not new information. Evidence · table > 2.59 Context: 2,700,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 7.1 years before this release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/murchison-minerals-intersects-high-grade-copper-zinc-mineralization-in-backpack--22c16ddf-a41c-45ae-b093-191a19c94c2d#fact-resource-facts-39) BMK VMS Project · zinc Historical result Needs review: historical\_restatement #### Identity - Project: BMK VMS Project - Commodity: zinc - Region: canada\_sk - Reported Region: Saskatchewan - Ticker: MUR #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Finley Bakker - Resource group id: resource:2b95e5222942d7ced5c5 - Deposit or zone: Lower Zone #### Resource Data - Category: inferred - Tonnes: 2700000 - Cutoff Grade: 90 - Cutoff Unit: USD/tonne #### Prior Estimate - Resource Date: 2018-09-04 #### Metal Equivalent - Metal Eq. Grade: 9.02 - Metal Eq. Unit: Zn Eq. \(%\) - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2018-09-04T00:00:00.000Z #### Dates - Event date: 2025-10-02T00:00:00.000Z Reasoning: Inferred resource for zinc equivalent in the Lower Zone, with disclosed assumptions, but it is a historical and speculative estimate. - Positive factor: Metal equivalent grade provided with disclosed assumptions. - Positive factor: NI 43-101 compliant and QP signed. - Negative factor: This is a historical inferred resource, which is speculative and not new information. Evidence · table > 9.02 Context: 2,700,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 7.1 years before this release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/murchison-minerals-intersects-high-grade-copper-zinc-mineralization-in-backpack--22c16ddf-a41c-45ae-b093-191a19c94c2d#fact-resource-facts-40) BMK VMS Project · copper Historical result Needs review: historical\_restatement #### Identity - Project: BMK VMS Project - Commodity: copper - Region: canada\_sk - Reported Region: Saskatchewan - Ticker: MUR #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Finley Bakker - Resource group id: resource:83cc4eac08025a81919f - Deposit or zone: Upper Zone #### Resource Data - Category: inferred - Tonnes: 4900000 - Grade: 0.57 - Grade Unit: % - Cutoff Grade: 90 - Cutoff Unit: USD/tonne #### Prior Estimate - Resource Date: 2018-09-04 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2018-09-04T00:00:00.000Z #### Dates - Event date: 2025-10-02T00:00:00.000Z Reasoning: Inferred resource for copper in the Upper Zone, showing weak grade for a VMS deposit, and it is a historical and speculative estimate. - Positive factor: NI 43-101 compliant and QP signed. - Negative factor: Weak copper grade for a VMS deposit. - Negative factor: This is a historical inferred resource, which is speculative and not new information. Evidence · table > 0.57 Context: 4,900,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 7.1 years before this release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/murchison-minerals-intersects-high-grade-copper-zinc-mineralization-in-backpack--22c16ddf-a41c-45ae-b093-191a19c94c2d#fact-resource-facts-41) BMK VMS Project · zinc Historical result Needs review: historical\_restatement #### Identity - Project: BMK VMS Project - Commodity: zinc - Region: canada\_sk - Reported Region: Saskatchewan - Ticker: MUR #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Finley Bakker - Resource group id: resource:83cc4eac08025a81919f - Deposit or zone: Upper Zone #### Resource Data - Category: inferred - Tonnes: 4900000 - Grade: 4.22 - Grade Unit: % - Cutoff Grade: 90 - Cutoff Unit: USD/tonne #### Prior Estimate - Resource Date: 2018-09-04 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2018-09-04T00:00:00.000Z #### Dates - Event date: 2025-10-02T00:00:00.000Z Reasoning: Inferred resource for zinc in the Upper Zone, showing weak grade for a VMS deposit, and it is a historical and speculative estimate. - Positive factor: NI 43-101 compliant and QP signed. - Negative factor: Weak zinc grade for a VMS deposit. - Negative factor: This is a historical inferred resource, which is speculative and not new information. Evidence · table > 4.22 Context: 4,900,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 7.1 years before this release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/murchison-minerals-intersects-high-grade-copper-zinc-mineralization-in-backpack--22c16ddf-a41c-45ae-b093-191a19c94c2d#fact-resource-facts-42) BMK VMS Project · silver Historical result Needs review: historical\_restatement #### Identity - Project: BMK VMS Project - Commodity: silver - Region: canada\_sk - Reported Region: Saskatchewan - Ticker: MUR #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Finley Bakker - Resource group id: resource:83cc4eac08025a81919f - Deposit or zone: Upper Zone #### Resource Data - Category: inferred - Tonnes: 4900000 - Grade: 12.46 - Grade Unit: g/t - Cutoff Grade: 90 - Cutoff Unit: USD/tonne #### Prior Estimate - Resource Date: 2018-09-04 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2018-09-04T00:00:00.000Z #### Dates - Event date: 2025-10-02T00:00:00.000Z Reasoning: Inferred resource for silver in the Upper Zone, and it is a historical and speculative estimate. - Positive factor: NI 43-101 compliant and QP signed. - Negative factor: This is a historical inferred resource, which is speculative and not new information. Evidence · table > 12.46 Context: 4,900,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 7.1 years before this release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/murchison-minerals-intersects-high-grade-copper-zinc-mineralization-in-backpack--22c16ddf-a41c-45ae-b093-191a19c94c2d#fact-resource-facts-43) BMK VMS Project · lead Historical result Needs review: historical\_restatement #### Identity - Project: BMK VMS Project - Commodity: lead - Region: canada\_sk - Reported Region: Saskatchewan - Ticker: MUR #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Finley Bakker - Resource group id: resource:83cc4eac08025a81919f - Deposit or zone: Upper Zone #### Resource Data - Category: inferred - Tonnes: 4900000 - Grade: 0.06 - Grade Unit: % - Cutoff Grade: 90 - Cutoff Unit: USD/tonne #### Prior Estimate - Resource Date: 2018-09-04 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2018-09-04T00:00:00.000Z #### Dates - Event date: 2025-10-02T00:00:00.000Z Reasoning: Inferred resource for lead in the Upper Zone, and it is a historical and speculative estimate. - Positive factor: NI 43-101 compliant and QP signed. - Negative factor: This is a historical inferred resource, which is speculative and not new information. Evidence · table > 0.06 Context: 4,900,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 7.1 years before this release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/murchison-minerals-intersects-high-grade-copper-zinc-mineralization-in-backpack--22c16ddf-a41c-45ae-b093-191a19c94c2d#fact-resource-facts-44) BMK VMS Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: BMK VMS Project - Commodity: gold - Region: canada\_sk - Reported Region: Saskatchewan - Ticker: MUR #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Finley Bakker - Resource group id: resource:83cc4eac08025a81919f - Deposit or zone: Upper Zone #### Resource Data - Category: inferred - Tonnes: 4900000 - Grade: 0.08 - Grade Unit: g/t - Cutoff Grade: 90 - Cutoff Unit: USD/tonne #### Prior Estimate - Resource Date: 2018-09-04 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2018-09-04T00:00:00.000Z #### Dates - Event date: 2025-10-02T00:00:00.000Z Reasoning: Inferred resource for gold in the Upper Zone, and it is a historical and speculative estimate. - Positive factor: NI 43-101 compliant and QP signed. - Negative factor: This is a historical inferred resource, which is speculative and not new information. Evidence · table > 0.08 Context: 4,900,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 7.1 years before this release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/murchison-minerals-intersects-high-grade-copper-zinc-mineralization-in-backpack--22c16ddf-a41c-45ae-b093-191a19c94c2d#fact-resource-facts-45) BMK VMS Project · copper Historical result Needs review: historical\_restatement #### Identity - Project: BMK VMS Project - Commodity: copper - Region: canada\_sk - Reported Region: Saskatchewan - Ticker: MUR #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Finley Bakker - Resource group id: resource:83cc4eac08025a81919f - Deposit or zone: Upper Zone #### Resource Data - Category: inferred - Tonnes: 4900000 - Cutoff Grade: 90 - Cutoff Unit: USD/tonne #### Prior Estimate - Resource Date: 2018-09-04 #### Metal Equivalent - Metal Eq. Grade: 2.05 - Metal Eq. Unit: Cu Eq. \(%\) - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2018-09-04T00:00:00.000Z #### Dates - Event date: 2025-10-02T00:00:00.000Z Reasoning: Inferred resource for copper equivalent in the Upper Zone, with disclosed assumptions, but it is a historical and speculative estimate. - Positive factor: Metal equivalent grade provided with disclosed assumptions. - Positive factor: NI 43-101 compliant and QP signed. - Negative factor: This is a historical inferred resource, which is speculative and not new information. Evidence · table > 2.05 Context: 4,900,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 7.1 years before this release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/murchison-minerals-intersects-high-grade-copper-zinc-mineralization-in-backpack--22c16ddf-a41c-45ae-b093-191a19c94c2d#fact-resource-facts-46) BMK VMS Project · zinc Historical result Needs review: historical\_restatement #### Identity - Project: BMK VMS Project - Commodity: zinc - Region: canada\_sk - Reported Region: Saskatchewan - Ticker: MUR #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Finley Bakker - Resource group id: resource:83cc4eac08025a81919f - Deposit or zone: Upper Zone #### Resource Data - Category: inferred - Tonnes: 4900000 - Cutoff Grade: 90 - Cutoff Unit: USD/tonne #### Prior Estimate - Resource Date: 2018-09-04 #### Metal Equivalent - Metal Eq. Grade: 7.16 - Metal Eq. Unit: Zn Eq. \(%\) - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2018-09-04T00:00:00.000Z #### Dates - Event date: 2025-10-02T00:00:00.000Z Reasoning: Inferred resource for zinc equivalent in the Upper Zone, with disclosed assumptions, but it is a historical and speculative estimate. - Positive factor: Metal equivalent grade provided with disclosed assumptions. - Positive factor: NI 43-101 compliant and QP signed. - Negative factor: This is a historical inferred resource, which is speculative and not new information. Evidence · table > 7.16 Context: 4,900,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 7.1 years before this release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/murchison-minerals-intersects-high-grade-copper-zinc-mineralization-in-backpack--22c16ddf-a41c-45ae-b093-191a19c94c2d#fact-resource-facts-47) BMK VMS Project · copper Historical result Needs review: historical\_restatement #### Identity - Project: BMK VMS Project - Commodity: copper - Region: canada\_sk - Reported Region: Saskatchewan - Ticker: MUR #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Finley Bakker - Resource group id: resource:9cdc2c9982e70c4c5bc3 - Deposit or zone: Total #### Resource Data - Category: inferred - Tonnes: 7600000 - Grade: 0.57 - Grade Unit: % - Cutoff Grade: 90 - Cutoff Unit: USD/tonne #### Prior Estimate - Resource Date: 2018-09-04 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2018-09-04T00:00:00.000Z #### Dates - Event date: 2025-10-02T00:00:00.000Z Reasoning: Total inferred resource for copper, showing weak grade for a VMS deposit, and it is a historical and speculative estimate. - Positive factor: NI 43-101 compliant and QP signed. - Negative factor: Weak copper grade for a VMS deposit. - Negative factor: This is a historical inferred resource, which is speculative and not new information. Evidence · table > 0.57 Context: 7,600,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 7.1 years before this release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/murchison-minerals-intersects-high-grade-copper-zinc-mineralization-in-backpack--22c16ddf-a41c-45ae-b093-191a19c94c2d#fact-resource-facts-48) BMK VMS Project · zinc Historical result Needs review: historical\_restatement #### Identity - Project: BMK VMS Project - Commodity: zinc - Region: canada\_sk - Reported Region: Saskatchewan - Ticker: MUR #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Finley Bakker - Resource group id: resource:9cdc2c9982e70c4c5bc3 - Deposit or zone: Total #### Resource Data - Category: inferred - Tonnes: 7600000 - Grade: 4.46 - Grade Unit: % - Cutoff Grade: 90 - Cutoff Unit: USD/tonne #### Prior Estimate - Resource Date: 2018-09-04 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2018-09-04T00:00:00.000Z #### Dates - Event date: 2025-10-02T00:00:00.000Z Reasoning: Total inferred resource for zinc, showing weak grade for a VMS deposit, and it is a historical and speculative estimate. - Positive factor: NI 43-101 compliant and QP signed. - Negative factor: Weak zinc grade for a VMS deposit. - Negative factor: This is a historical inferred resource, which is speculative and not new information. Evidence · table > 4.46 Context: 7,600,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 7.1 years before this release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/murchison-minerals-intersects-high-grade-copper-zinc-mineralization-in-backpack--22c16ddf-a41c-45ae-b093-191a19c94c2d#fact-resource-facts-49) BMK VMS Project · silver Historical result Needs review: historical\_restatement #### Identity - Project: BMK VMS Project - Commodity: silver - Region: canada\_sk - Reported Region: Saskatchewan - Ticker: MUR #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Finley Bakker - Resource group id: resource:9cdc2c9982e70c4c5bc3 - Deposit or zone: Total #### Resource Data - Category: inferred - Tonnes: 7600000 - Grade: 18.42 - Grade Unit: g/t - Cutoff Grade: 90 - Cutoff Unit: USD/tonne #### Prior Estimate - Resource Date: 2018-09-04 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2018-09-04T00:00:00.000Z #### Dates - Event date: 2025-10-02T00:00:00.000Z Reasoning: Total inferred resource for silver, and it is a historical and speculative estimate. - Positive factor: NI 43-101 compliant and QP signed. - Negative factor: This is a historical inferred resource, which is speculative and not new information. Evidence · table > 18.42 Context: 7,600,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 7.1 years before this release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/murchison-minerals-intersects-high-grade-copper-zinc-mineralization-in-backpack--22c16ddf-a41c-45ae-b093-191a19c94c2d#fact-resource-facts-50) BMK VMS Project · lead Historical result Needs review: historical\_restatement #### Identity - Project: BMK VMS Project - Commodity: lead - Region: canada\_sk - Reported Region: Saskatchewan - Ticker: MUR #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Finley Bakker - Resource group id: resource:9cdc2c9982e70c4c5bc3 - Deposit or zone: Total #### Resource Data - Category: inferred - Tonnes: 7600000 - Grade: 0.19 - Grade Unit: % - Cutoff Grade: 90 - Cutoff Unit: USD/tonne #### Prior Estimate - Resource Date: 2018-09-04 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2018-09-04T00:00:00.000Z #### Dates - Event date: 2025-10-02T00:00:00.000Z Reasoning: Total inferred resource for lead, and it is a historical and speculative estimate. - Positive factor: NI 43-101 compliant and QP signed. - Negative factor: This is a historical inferred resource, which is speculative and not new information. Evidence · table > 0.19 Context: 7,600,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 7.1 years before this release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/murchison-minerals-intersects-high-grade-copper-zinc-mineralization-in-backpack--22c16ddf-a41c-45ae-b093-191a19c94c2d#fact-resource-facts-51) BMK VMS Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: BMK VMS Project - Commodity: gold - Region: canada\_sk - Reported Region: Saskatchewan - Ticker: MUR #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Finley Bakker - Resource group id: resource:9cdc2c9982e70c4c5bc3 - Deposit or zone: Total #### Resource Data - Category: inferred - Tonnes: 7600000 - Grade: 0.1 - Grade Unit: g/t - Cutoff Grade: 90 - Cutoff Unit: USD/tonne #### Prior Estimate - Resource Date: 2018-09-04 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2018-09-04T00:00:00.000Z #### Dates - Event date: 2025-10-02T00:00:00.000Z Reasoning: Total inferred resource for gold, and it is a historical and speculative estimate. - Positive factor: NI 43-101 compliant and QP signed. - Negative factor: This is a historical inferred resource, which is speculative and not new information. Evidence · table > 0.1 Context: 7,600,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 7.1 years before this release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/murchison-minerals-intersects-high-grade-copper-zinc-mineralization-in-backpack--22c16ddf-a41c-45ae-b093-191a19c94c2d#fact-resource-facts-52) BMK VMS Project · copper Historical result Needs review: historical\_restatement #### Identity - Project: BMK VMS Project - Commodity: copper - Region: canada\_sk - Reported Region: Saskatchewan - Ticker: MUR #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Finley Bakker - Resource group id: resource:9cdc2c9982e70c4c5bc3 - Deposit or zone: Total #### Resource Data - Category: inferred - Tonnes: 7600000 - Cutoff Grade: 90 - Cutoff Unit: USD/tonne #### Prior Estimate - Resource Date: 2018-09-04 #### Metal Equivalent - Metal Eq. Grade: 2.25 - Metal Eq. Unit: Cu Eq. \(%\) - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2018-09-04T00:00:00.000Z #### Dates - Event date: 2025-10-02T00:00:00.000Z Reasoning: Total inferred resource for copper equivalent, with disclosed assumptions, but it is a historical and speculative estimate. - Positive factor: Metal equivalent grade provided with disclosed assumptions. - Positive factor: NI 43-101 compliant and QP signed. - Negative factor: This is a historical inferred resource, which is speculative and not new information. Evidence · table > 2.25 Context: 7,600,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 7.1 years before this release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/murchison-minerals-intersects-high-grade-copper-zinc-mineralization-in-backpack--22c16ddf-a41c-45ae-b093-191a19c94c2d#fact-resource-facts-53) BMK VMS Project · zinc Historical result Needs review: historical\_restatement #### Identity - Project: BMK VMS Project - Commodity: zinc - Region: canada\_sk - Reported Region: Saskatchewan - Ticker: MUR #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Finley Bakker - Resource group id: resource:9cdc2c9982e70c4c5bc3 - Deposit or zone: Total #### Resource Data - Category: inferred - Tonnes: 7600000 - Cutoff Grade: 90 - Cutoff Unit: USD/tonne #### Prior Estimate - Resource Date: 2018-09-04 #### Metal Equivalent - Metal Eq. Grade: 7.85 - Metal Eq. Unit: Zn Eq. \(%\) - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2018-09-04T00:00:00.000Z #### Dates - Event date: 2025-10-02T00:00:00.000Z Reasoning: Total inferred resource for zinc equivalent, with disclosed assumptions, but it is a historical and speculative estimate. - Positive factor: Metal equivalent grade provided with disclosed assumptions. - Positive factor: NI 43-101 compliant and QP signed. - Negative factor: This is a historical inferred resource, which is speculative and not new information. Evidence · table > 7.85 Context: 7,600,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 7.1 years before this release ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.