Montreal, Quebec, March 19, 2008 – Murgor Resources Inc. (MGR: TSX-V) today announced, jointly with Noront Resources Ltd. (NOT: TSX-V) the results of a new high grade gold intersection at the F-17 Zone on part of the Windfall Property that is under option to Noront Resources Inc.
Noront reports that drill hole NOT-07-175 was completed as a requirement for crown pillar and hydrogeological studies at the site of the exploration drift that is currently underway at the property. The drill hole coordinates and intersected values are as follows (Please refer to today’s Press Release by Noront for more technical details):
Northing Easting Azimuth Inclination Length From To Interval Gold (g/t) Grade (oz/t)
9+95m N 9+62m W 0° -90° 16.76m 9.73m 12.95m 3.22m 143.3 g/t 4.18 oz/t
Noront geologists report finely disseminated native gold was observed at several locations in the higher grade intervals in amounts and grain sizes that are consistent with analytical data reported by Bourlamaque Assay Laboratory. The intersection confirms the extension of Murgor’s F-17 zone towards surface. The exploration drift planned by Noront will enter this zone at about 60 m below surface during 2008.