What do you mean Windfall may be light on the gold?
posted on
Dec 22, 2008 05:51AM
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)
I have been following NOT, MUG and FWR for many years. It blows my mind that they are haveing aproblem with gold returns. Below I selected a few NRs from Murgor that go back to 04 and 05. They were hitting gold all over back then and this is well before the NOT super hit. I keep saying there is gold all over Windfall.
Are we being bamboozled??? You be the judge.
Press Releases Murgor and Freewest resume drilling at Windfall and Eagle River, Urbanbarry Belt, Quebec
Murgor Resources Inc. (MUG: TSX-V) announces that drilling has resumed at the Windfall and Eagle River properties located in northwestern Quebec.
Montreal, Quebec, January 19, 2005. Murgor Resources Inc. (MUG: TSX-V) announces that drilling has resumed at the Windfall and Eagle River properties located in northwestern Quebec.
At the Eagle River Property, the current phase of drilling is testing induced polarization geophysical anomalies coinciding with a NE-trending structure that hosts the Lac Rouleau Gold deposit which is located approximately 10 kilometers to the SW. Two out of seven drill holes remain to be drilled on a 1,250 meter program.
At the Windfall property drilling is expected to continue until the spring of 2005. One drill is presently active at the property and a second will be added in late-January / early-February. One drill will be conducting a reconnaissance program at the property-scale while the other will carry-out follow-up testing of the three mineralized zones that were discovered in December of 2004 (see Stockwatch Press Release, Dec. 29, 2004):
WIN-04-02: From 90.5m to 101.0m 3.11 g/t Au over 10.50 meters (0.09 oz/t) Incl: 90.5 m to 94.0m 8.34 g/t Au over 3.50 meters (0.24 oz/t)
WIN-04-06: From 87.0m to 104.0m 2.09 g/t Au over 17.00 meters (0.06 oz/t) Incl: 92.0 m to 96.7m 5.13 g/t Au over 4.70 meters (0.15 oz/t)
WIN-04-09: From 150.5m to 156.5m 3.29 g/t Au over 6.00 meters (0.096 oz/t) Incl: 151.5 m to 155.0m 4.51 g/t Au over 3.50 meters (0.13 oz/t)
In other news, Murgor announces that it is negotiating a proposed private placement of $200,000 with a private fund in Quebec.
Andre C. Tessier, P.Geo. (On), P.Eng. (Qc) and President & CEO of Murgor Resources Inc. is responsible for the preparation of this news release.
Murgor and Freewest confirm new gold zone with second phase of drilling at the Windfall property
Murgor Resources Inc. (MUG: TSX-V) is pleased to announce the latest drilling results from its Windfall Property in north-western Quebec. In total, eight (8) holes were drilled from January 17th to February 4th 2005 for a total of 1,664 meters. The first six (6) drill holes of this program (WIN-05-12 to WIN-05-17) were designed to test the extensions of Gold Zone F-51 where gold mineralization was intersected in drill hole WIN-04-09 (Stockwatch Press Release December 29, 2004).
Montreal, Quebec, February 18, 2004. Murgor Resources Inc. (MUG: TSX-V) is pleased to announce the latest drilling results from its Windfall Property in north-western Quebec. In total, eight (8) holes were drilled from January 17th to February 4th 2005 for a total of 1,664 meters. The first six (6) drill holes of this program (WIN-05-12 to WIN-05-17) were designed to test the extensions of Gold Zone F-51 where gold mineralization was intersected in drill hole WIN-04-09 (Stockwatch Press Release December 29, 2004).
Initial results show that the mineralization increases in width and/or grade towards the west for a minimum strike length of 75 meters where it remains open to the SW and at depth. Induced Polarization anomaly F-51 is also strengthening in the SW direction for a minimum strike length of 300 meters from drill hole WIN-04-09. Drill holes WIN-05-13 and WIN-05-16 were drilled respectively 25 meters and 75 meters west of drill hole WIN-04-09 with the following results:
DDH |
LINE |
STATION |
AZ |
DIP |
L (M) |
RESULTS |
WIN-04-09 |
1+00W |
12+65N |
330 |
-50 |
182 |
3.29 g/t Au over 6.00 m, 150.50 to 156.00 m. |
WIN-05-13 |
1+32W |
12+70N |
325 |
-50 |
194 |
2.44 g/t Au over 13.00 m, from 128.0 to 141.0 m. |
Incl. 3.89 g/t Au over 7.50. from 132.5 to 140.0 m. |
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3.90 g/t Au over 1.00 m, from 146.0 to 147.0 m. |
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1.63 g/t Au over 2.00 m, from 155.0 to 157.0 m. |
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WIN-05-16 |
1+82W |
12+57N |
330 |
-50 |
182 |
8.03 g/t Au over 3.00 m, from 98.50 to 101.50 m. |
To the east and immediately below drill hole WIN-04-09, the mineralized zone appears to be stoped by a gabbroic intrusive plunging to the SW and no significant values were intersected. The size of the intrusion is currently unknown. Immediately above drill hole WIN-04-09, drill hole WIN-05-12 intersected a wide zone of anomalous gold with interfingering gabbroic sills. A location map of the holes, a preliminary longitudinal section of Gold Zone F-51, and a complete list of results will be posted on the Murgor Website at www.murgor.com.
The gold mineralization of Gold Zone F-51 consists of strongly deformed and altered rhyolitic rocks with intense sericite-pyrite alteration and quartz-tourmaline veining (visible gold was only noted in drill hole WIN-04-09). The gold zone trends 070 azimuths and dips 80 degrees north. Current surface data suggests it may be plunging towards the SW.
Drill hole WIN-05-18 was testing IP anomaly F-59 whereas drill hole WIN-05-19 was testing the extension of Gold Zone F-17 (WIN-04-06: 2.09 g/t Au over 17.00 m., incl: 5.13 g/t Au over 4.70 m.). WIN-05-18 returned no significant assays and assays are pending for drill hole WIN-05-19.
The Windfall Property is comprised of 214 mining claims covering an area of 8,995 hectares and is held 50% by Murgor and 50% by Freewest Resources Canada Inc. (FWR: TSX-V). The F-51 Gold Zone is located approximately 500 meters north of the recent gold discovery by Noront Resources Inc. (NOT: TSX-V) where intersections of up to 8.55 g/t Au over 13.4 meters were reported (Press Releases of October 20, 2004).
Murgor and Freewest are continuing their drilling program on the property with two drill rigs until the spring of 2005 when the data will be interpreted and evaluated to better prepare for the next phase of drilling. By spring of 2005, a minimum of 10,000 meters of drilling will be completed on the Windfall Property.
Montreal, Quebec, February 18, 2004. Murgor Resources Inc. (MUG: TSX-V) is pleased to announce the latest drilling results from its Windfall Property in north-western Quebec. In total, eight (8) holes were drilled from January 17th to February 4th 2005 for a total of 1,664 meters. The first six (6) drill holes of this program (WIN-05-12 to WIN-05-17) were designed to test the extensions of Gold Z
Montreal, Quebec, March 15, 2005. Murgor Resources Inc. (MUG: TSX-V) is pleased to report the latest results from its most recent phase of drilling at the Windfall property in north-western Quebec. These results are highlighted by intersections of drill hole Win-05-30 on the F-11 Zone (11.91 g/t Au over 17.0 meters) and drill hole Win-05-21 (lower portion) on the F-17 lower lens (9.32 g/t Au over 11.00 meters). The latest results come from the bottom portion of drill hole Win-05-21 (results from the upper portion of hole Win-05-21 were reported in a press release dated March 04, 2005) and from drill holes Win-05-23 to Win-05-30. Assays from nine (9) additional drill holes are still pending.
Press Releases Murgor Resumes drilling at Windfall...
Murgor Resources Inc. (MUG: TSX-V) announces that drilling has resumed at the Windfall property in north-western Quebec since May 9th. This third phase of drilling at Windfall will total approximately 2,000 meters and is scheduled to last until June 2nd.
Montreal, Quebec, May 11, 2005. Murgor Resources Inc. (MUG: TSX-V) announces that drilling has resumed at the Windfall property in north-western Quebec since May 9th. This third phase of drilling at Windfall will total approximately 2,000 meters and is scheduled to last until June 2nd.
The Windfall Property is comprised of 214 mining claims covering an area of 8,995 hectares and is held 50% by Murgor and 50% by Freewest Resources Canada Inc. (FWR: TSX-V). To date, nearly 8,500 meters of drilling have been completed at the Windfall Property since November 2004, and three new gold zones have been discovered: Gold Zones F-11, F-17 and F-51. Furthermore, immediately south of the Windfall Property, Noront Resources (NOT: TSX-V) has also reported significant gold mineralization (Press Release April 7th, 2005) that is believed to extend to the Windfall Property.
The new gold discoveries at Windfall have prompted significant media coverage lately and the interested reader is directed to Murgor Press Releases dated March 04, March 16 and April 21, Northern Miner Online Articles dated January 03, March 16, April 07 (Noront), and April 21, and CanAmInvestor.com article dated March 31, 2005. All press releases and news articles are posted on Murgor’s website at www.murgor.com where a complete list of drill results from the Windfall Property can also be found in Murgor’s Month-End report for April 2005.
Highlights from Murgor’s previous phases of drilling at the Windfall Property are as follows:
WIN-04-02: WIN-04-06: WIN-04-09: WIN-05-13: WIN-05-16: WIN-05-19: WIN-05-20: WIN-05-21:
WIN-05-22: WIN-05-28: WIN-05-30: WIN-05-34: WIN-05-44: WIN-05-48:
WIN-05-51: WIN-05-52: WIN-05-54: |
From 90.5m to 94.0m From 92.0m to 96.7m From 150.5m to 156.5m From 132.5m to 140.0m From 98.5m to 101.5m From 30.0m to 31.0m From 18.0m to 29.0m From 13.0m to 18.0m and 79.0 m to 90.0m From 23.0m to 26.0m From 47.0m to 49.0m From 69.0m to 86.0m From 66.0m to 69.0m From 59.0m to 61.0m From 16.0m to 27.0m Incl. From 70.0m to 72.0m From 60.0m to 69.0m From 73.5m to 78.0m |
8.34 g/t Au over 5.13 g/t Au over 3.29 g/t Au over 3.89 g/t Au over 8.03 g/t Au over 59.07 g/t Au over 10.46 g/t Au over 9.99 g/t Au over 9.32 g/t Au over 16.56 g/t Au over 21.65 g/t Au over 11.91 g/t Au over 8.18 g/t Au over 8.61 g/t Au over 8.89 g/t Au over 97.8 g/t Au over 5.09 g/t Au over 7.24 g/t Au over 5.78 g/t Au over |
3.5 meters 4.7 meters 6.0 meters 7.5 meters 3.0 meters 1.0 meter 11.0 meters 4.0 meters 11.0 meters 3.0 meters 2.0 meters 17.0 meters 3.0 meters 2.0 meters 11.0 meters 1.0 meter 2.0 meters 9.0 meters 4.5 meters |
(Zone F-11) (Zone F-17) (Zone F-51) (Zone F-51) (Zone F-51) (Zone F-17) (Zone F-17) (Zone F-17) (Zone F-17) (Zone F-17) (Zone F-17) (Zone F-11) (Zone F-11) (Zone F-51) (Zone F-17) (Zone F-17) (Zone F-17) (Zone F-17) |
GOLD ZONE F-17:
Gold Zone F-17 has now been intersected over a strike length of at least 300 meters and a width of up to 50 meters (limits not yet defined). The thicknesses of the mineralized zones vary in width from 1.0 to 25.0 meters with grades ranging from 1.34 g/t Au to 97.8 g/t Au and averaging over 8.0 g/t Au. The mineralization consists of at least three (3) large, sub-horizontal auriferous zones (locally stacked) associated with a sub-vertical shear zone that is also auriferous. The economic mineralization consists of silica replacement zones and extension veins of banded or brecciated quartz-tourmaline-sericite and pyrite. To date a total of 21 holes have been drilled on Gold Zone F-17 for a total of 2,559 meters.
study to determine the minimum requirements necessary to bring such an orebody into production in the Urban Township, given Murgor’s current knowledge of the geometry and grades of the mineralized body.
GOLD ZONE F-51:
To date, Gold Zone F-51 has been intersected over a strike length and a vertical depth of approximately 100 meters (limits not yet defined). Average width of the mineralized zone is 3.7 meters with an average grade of just above 5.0 g/t Au. Mineralization consists of a NE-trending, steeply north dipping shear zone with auriferous quartz-tourmaline shear veins and disseminated pyrite. Ore shoots appear to be plunging moderately towards the NE. To date a total of 12 holes intersected the zone for a total of 2,006 meters.
GOLD ZONE F-11:
Gold Zone F-11 is still poorly understood but current data suggests that the mineralization is NE-trending and steeply north-dipping with a well defined near-surface geophysical signature that extends for a strike length of 500 meters. The F-11 Gold Zone consists of gold-bearing pyrite-magnetite mineralization with minor amounts of quartz veining and grades of up to 11.91 g/t Au over 17.0 meters. Mineralization is hosted by rhyolitic flows with intense chlorite and local garnet alteration. Only 10 drill holes tested Gold Zone F-11 to date, for a total of 1,385 meters.
It should be noted that exploration at the Windfall Property remains early despite Murgor’s very aggressive exploration program since January of 2004. The known mineralized zones effectively remain open in every direction and need to be tested thoroughly. Current Induced Polarization coverage still amounts to a very small fraction of the property and has only investigated the first 75 meters depth. Furthermore, numerous geophysical targets in geologically favourable areas remain untested. Alteration and mineralization at many localities of the property (particularly at Gold Zone F-11) is very reminiscent of volcanogenic-type mineralization for which the potential is currently being evaluated.
Management teams at Murgor and Freewest are extremely enthusiastic about the result at Windfall and are looking forward to continued exploration success as exploration intensifies and coverage increases