HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"
NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)
Message: OLD NR from MGR March 5, 2008
This is a NR on MGR from a few days ago and has nothing to do with McFaulds unless NOT will be joining them in this venture. Comments Please? GLTAL jimmied
MURGOR OUTLINES OPEN PIT POTENTIAL AT THE FON DEPOSIT, FLIN FLON BELT, NORTHERN
Posted by: Jinxed on March 05, 2008 05:28AM
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Montreal, Quebec, February 28, 2008. Murgor Resources Inc. (MGR: TSX-V) today announced the results of a detailed data compilation and new structural interpretation of the Fon deposit in Saskatchewan. The study outlines a thick mineralized zone lying between surface and 150 meters depth, ranging from 1,200,000 tons to 3,900,000 tons with an average grade of 2.1% Zn (ranging from 1.4% Zn to 3.6% Zn) and yielding a potential 51,300,000 to 162,200,000 pounds of Zinc. GRADE (Tons) 1% Zinc 5,007,888 3.73% Zn, 0.25% Cu, 0.35 oz/ton Ag 373,588,445 lbs Zn, 25,039,440 lbs Cu, 1,752,761 oz Ag 3.5% Zinc 1,677,377 6.79% Zn, 0.27% Cu, 0.54 oz/ton Ag 227,787,797 lbs Zn, 9,057,836 lbs Cu, 905,784 oz Ag André C. Tessier, President and CEO, of Murgor said, “This is a very exciting new interpretation at Fon. The new zone, as interpreted, would significantly increase the zinc resource at Fon by allowing Murgor to consider up to 4.5 million tons of lower grade, near-surface material, amenable to open pit mining that was previously deemed sub-economic. Murgor’s objective is to evaluate the Fon deposit by combining the lower-grade near surface material with the higher-grade mineralization already defined at depth. In its next phase of drilling at Fon, Murgor will continue to test the high grade extensions of the Lower Red and Lower Blue lenses, respectively with grades of 16.14% zinc and 9.84% zinc while evaluating this new geological target.” The Fon property is located in north-eastern Saskatchewan, approximately 40 kilometres west of the town of Flin Flon, Manitoba and two kilometres south of Highway 106. Murgor is earning a 100% interest from HudBay Minerals, in approximately 24 square kilometres of the property where the Fon and Abbott Lake deposits (195,000 tons @ 2.53% Cu, 0.77% Zn, 49.04 g/t Ag historical resource not NI 43-101 compliant) are located. An additional 14.4 square kilometre area of the property is wholly owned by Murgor. Dr. Jean-Philippe Desrochers, P.Geo. and Neil W. Richardson P.Geo. respectively Vice-President Exploration and Manager of Central Canada Exploration for Murgor Resources are the Qualified Persons as defined by NI-43-101 and are responsible for the technical information presented in this press release. The potential size and grade of the target was calculated by consulting mining engineer George McIsaac, P.Eng. and also a Qualified Persons as defined by NI-43-101. The potential quantity and grade of the geological target described in this press release is conceptual in nature and to date, there has been insufficient exploration to define a mineral resource on that portion of the Fon deposit. Therefore, the reader should be aware that it is uncertain if further exploration will result in the discovery of a near surface mineral resource.
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