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Hi Robert Zonderman,
Montreal, Quebec, January 17, 2008. Murgor Resources Inc. (MGR: TSX-V) is pleased to announce that drilling has resumed at the Wim property in northern Manitoba, where two drill rigs were mobilized earlier this month and started drilling last week. At Hudvam, two drill rigs were mobilized on the property on January 13th and drilling will start later this week. A third drill rig will arrive at Hudvam in the last week of January. This third drill will be working at the Hudvam for approximately one month and will then be mobilized on the Snow-H, Flin-D, Fon and Tyr properties to test VTEM and InfiniTEM anomalies. A total of 16,000 metres of drilling are planned at Wim, 8,000 metres are planned at Hudvam and approximately 5,000 metres are planned on the other properties.
Montreal, Quebec, January 17, 2008. Murgor Resources Inc. (MGR: TSX-V) is pleased to announce that drilling has resumed at the Wim property in northern Manitoba, where two drill rigs were mobilized earlier this month and started drilling last week. At Hudvam, two drill rigs were mobilized on the property on January 13th and drilling will start later this week. A third drill rig will arrive at Hudvam in the last week of January. This third drill will be working at the Hudvam for approximately one month and will then be mobilized on the Snow-H, Flin-D, Fon and Tyr properties to test VTEM and InfiniTEM anomalies. A total of 16,000 metres of drilling are planned at Wim, 8,000 metres are planned at Hudvam and approximately 5,000 metres are planned on the other properties.
The drilling programs at Wim and Hudvam are aimed at:
Andre C. Tessier, President and CEO of Murgor Resources says: “An exciting new drilling season is starting for Murgor and we are looking forward to seeing lots of massive sulphide mineralization coming out of the ground at Hudvam and Wim. With only a few drill holes from our first drill program at Wim, Murgor may have added 10% to 20% to the existing resource. We are hoping the trend will continue. We are also looking forward to testing some of these new targets we worked so hard to define in 2007. Two pre-feasibility studies underway at Hudvam and Wim, and five drills working full time for the next few months, should make for a very interesting year 2008 at Murgor.”
At Wim, full drilling results from Murgor’s fall program, should be available for distribution shortly. Initial drill results from the first three drill holes have already been released and are shown below. Drill holes #2 and #3 extended the ore lens by a strike length of 150 metres whereas drill hole #1 was an infill hole.
In other news: Pursuant to contractual employment agreements with officers and employees of the company, Murgor has granted 45,000 options on January 7th, 2008. These options will be valid for a period of 5 years and may be exercised at a price of $0.60.
Chemical analyses reported in this press release were performed by TSL Laboratories in Saskatoon. Base metals were analyzed through atomic absorption spectrometry after a multi acid digestion whereas gold was analyzed by fire assay Atomic Absorption using a 30g charge, with gravimetric finish for assays greater than 3 g/t. Sampling and analytical procedures are subject to a comprehensive Quality Assurance and Quality Control program that includes duplicate samples, blanks and analytical standards.
Neil W. Richardson P.Geo. and Jean-Philippe Desrochers, P.Geo. respectively Manager of Central Canada Exploration and Vice-President Exploration for Murgor Resources Inc. are Qualified Person as defined by NI-43-101 and are responsible for the technical information presented in this press release.
- Completing the definition drilling at the Wim copper-gold deposit and at the Hudvam copper-gold-zinc deposit.
- Testing extensions of the known mineralization, and
- Testing new, high potential exploration targets near the known deposits and at the property-scale.
Andre C. Tessier, President and CEO of Murgor Resources says: “An exciting new drilling season is starting for Murgor and we are looking forward to seeing lots of massive sulphide mineralization coming out of the ground at Hudvam and Wim. With only a few drill holes from our first drill program at Wim, Murgor may have added 10% to 20% to the existing resource. We are hoping the trend will continue. We are also looking forward to testing some of these new targets we worked so hard to define in 2007. Two pre-feasibility studies underway at Hudvam and Wim, and five drills working full time for the next few months, should make for a very interesting year 2008 at Murgor.”
At Wim, full drilling results from Murgor’s fall program, should be available for distribution shortly. Initial drill results from the first three drill holes have already been released and are shown below. Drill holes #2 and #3 extended the ore lens by a strike length of 150 metres whereas drill hole #1 was an infill hole.
WZS07-001 – 2.83% Cu, 3.35 g/t Au, 12.49 g/t Ag and 0.25% Zn over 11.10 meters
WSZ07-002 – 2.23% Cu, 1.13 g/t Au, 8.62 g/t Ag and 0.82% Zn over 2.23 meters
WSZ07-003 – 2.33% Cu, 2.69 g/t Au, 12.01 g/t Ag and 0.28% Zn over 5.74 meters
WSZ07-002 – 2.23% Cu, 1.13 g/t Au, 8.62 g/t Ag and 0.82% Zn over 2.23 meters
WSZ07-003 – 2.33% Cu, 2.69 g/t Au, 12.01 g/t Ag and 0.28% Zn over 5.74 meters
In other news: Pursuant to contractual employment agreements with officers and employees of the company, Murgor has granted 45,000 options on January 7th, 2008. These options will be valid for a period of 5 years and may be exercised at a price of $0.60.
Chemical analyses reported in this press release were performed by TSL Laboratories in Saskatoon. Base metals were analyzed through atomic absorption spectrometry after a multi acid digestion whereas gold was analyzed by fire assay Atomic Absorption using a 30g charge, with gravimetric finish for assays greater than 3 g/t. Sampling and analytical procedures are subject to a comprehensive Quality Assurance and Quality Control program that includes duplicate samples, blanks and analytical standards.
Neil W. Richardson P.Geo. and Jean-Philippe Desrochers, P.Geo. respectively Manager of Central Canada Exploration and Vice-President Exploration for Murgor Resources Inc. are Qualified Person as defined by NI-43-101 and are responsible for the technical information presented in this press release.
FOR ADDITIONAL INFORMATION PLEASE VISIT MURGOR’S WEBSITE AT WWW.MURGOR.COM OR CONTACT:
André C. Tessier, President & CEO
MURGOR RESOURCES INC.
Tel: (613) 546-7503 or 1-888-891-3330
Fax: (613) 546-7318
E-mail: info@murgor.com Web site: www.murgor.com
André C. Tessier, President & CEO
MURGOR RESOURCES INC.
Tel: (613) 546-7503 or 1-888-891-3330
Fax: (613) 546-7318
E-mail: info@murgor.com Web site: www.murgor.com
This news release includes certain "forward-looking statements". All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization, resources and reserves, exploration results, and future plans and objectives of Murgor, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Murgor's expectations are exploration risks detailed herein and from time to time in the filings made by Murgor with securities regulators.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release.
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