posted on
Mar 13, 2008 05:56AM

Greenstone Belt - The richest in Canada per km²
Exploration & Development of zinc, copper & gold assets in Canada.

Message: NR
MURGOR DISCOVERS A NEW EXTENSION OF THE COPPER-GOLD RESOURCE CLOSER TO SURFACE AT THE WIM DEPOSIT IN MANITOBA
Montreal, Quebec, March 13, 2008. Murgor Resources Inc. (MGR: TSX-V) today announced that it has extended the Wim massive sulphide lens by at least 100 metres closer to surface. Geochemical results from twelve infill, definition and exploration drill holes from the Wim copper-gold deposit in Manitoba, were received from the first phase of drilling in 2008. This phase of drilling is aimed at determining the size of the upper portion of the Wim deposit. The geochemical results received to date, confirm that drill holes intersected ore-grade material that will ultimately increase the resource of the Wim deposit. A longitudinal section will be attached to this press release on Murgor’s website at www.murgor.com.
Since January of 2008, Murgor has completed 30 drill holes at the Wim deposit (a total of 8,056 metres) and drilling is expected to continue until the summer of 2008. In addition to infill and definition drilling, Murgor has completed metallurgical and geotechnical drill holes in preparation for the pre-feasibility study at Wim. Results from the remaining drill holes are still pending.
Best results from the first twelve drill holes are as follows (a complete list of results is shown at the end of this press release):
DDH WZS-08-16: 0.98 g/t Au, 2.01% Cu, 5.88 g/t Ag over 4.91 metres.
DDH WZS-08-18: 0.79 g/t Au, 2.04% Cu, 2.70 g/t Ag over 4.03 metres.
DDH WZS-08-20: 1.15 g/t Au, 2.02% Cu, - g/t Ag over 6.13 metres.
DDH WZS-08-21: 1.64 g/t Au, 1.06% Cu, 5.61 g/t Ag over 3.20 metres.
DDH WZS-08-22: 1.10 g/t Au, 1.69% Cu, - g/t Ag over 4.00 metres.
DDH WZS-08-23: 0.80 g/t Au, 1.57% Cu, - g/t Ag over 8.91 metres.
DDH WZS-08-25: 2.85 g/t Au, 4.90% Cu, 20.85 g/t Ag over 4.50 metres.
DDH WZS-08-27: 1.94 g/t Au, 2.32% Cu, 10.25 g/t Ag over 6.62 metres.
DDH WZS-08-18: 0.79 g/t Au, 2.04% Cu, 2.70 g/t Ag over 4.03 metres.
DDH WZS-08-20: 1.15 g/t Au, 2.02% Cu, - g/t Ag over 6.13 metres.
DDH WZS-08-21: 1.64 g/t Au, 1.06% Cu, 5.61 g/t Ag over 3.20 metres.
DDH WZS-08-22: 1.10 g/t Au, 1.69% Cu, - g/t Ag over 4.00 metres.
DDH WZS-08-23: 0.80 g/t Au, 1.57% Cu, - g/t Ag over 8.91 metres.
DDH WZS-08-25: 2.85 g/t Au, 4.90% Cu, 20.85 g/t Ag over 4.50 metres.
DDH WZS-08-27: 1.94 g/t Au, 2.32% Cu, 10.25 g/t Ag over 6.62 metres.
André C. Tessier, President & CEO of Murgor Resources reports: “The Wim deposit is growing very rapidly and with the additional drilling we have planned, there is a great opportunity to further increase the size of the deposit. What we have found through this phase of drilling is that drill holes that were counted as cutoff holes in the past actually represent narrow areas within the lens. The mineralization that was encountered in this first phase of drilling of 2008 is actually thick, quite continuous and remains open towards surface. Considering these results in the upper portion of the lens, Murgor is looking forward to the results of the next phase of drilling in the lower part of the lens where most of the growth was originally anticipated. ”
In March of 2007, Murgor completed a NI 43-101 compliant resource estimate at Wim. The estimation increased the resource by nearly 10% for copper and more than 40% for gold, relative to the historical resource. A new NI 43-101 compliant resource estimate is planned for the summer of 2008. Not including the new zones defined so far by Murgor in 2007 and 2008, the current 43-101 Inferred resource at the Wim deposit stands at (please see SEDAR for the full report):
CUT-OFF TONNAGE GRADE CONTAINED METAL
GRADE* (Tonnes) Cu Zn Au Ag Cu (lbs) Zn (lbs) Au (oz) Ag (oz)
2% Cu Equiv** 2,273,000 1.92% 0.26% 1.65 g/t 5.58 g/t 87,333,000 11,943,000 110,000 370,000
Loading...
Loading...
New Message
Please
login
to post a reply