Murgor Resources Inc.

Published : September 18th, 2008

ANNOUNCES METALLURGICAL RESULTS AT THE HUDVAM AND WIM DEPOSITS IN MANITOBA

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment

Murgor

MURGOR ANNOUNCES METALLURGICAL RESULTS AT THE HUDVAM AND WIM DEPOSITS IN MANITOBA

 

-    COPPER RECOVERIES OF 89% AND 92% PREDICTED
  -    CONCENTRATE OF 30% - 32.6% COPPER, 51 g/t GOLD


Montreal, Quebec, September 18, 2008.  Murgor Resources Inc.. (MGR: TSX-V) today announced the results of a metallurgical study on the Company's Hudvam and Wim deposits in Manitoba.

At the Hudvam deposit, results of the locked cycle test work are highlighted by copper recoveries averaging 89% and captured into a high-grade concentrate averaging 30% copper.  Gold in the feed was recovered in the copper concentrate with recoveries averaging 56% by flotation alone.  Gold grades in the copper concentrate are extremely high, averaging 51 g/tonne gold.  The addition of a gravity concentrator prior to flotation increases the gold recoveries to 67.1% and additional optimization test work has been recommended to further increase gold recoveries   At the Wim deposit, copper recovery was on average 92% from the feed with a final high-grade copper concentrate averaging 32.6% copper.  At this time, test work is incomplete to report gold recoveries at Wim.

Murgor President and CEO Andre Tessier noted: "These results, combined with the new 43-101 resource estimates recently released by Murgor, further demonstrate that the size and quality of the resource at the Hudvam and Wim deposits continue to grow.  The results show that metal recoveries at Hudvam and Wim will be comparable to those achieved by HudBay Minerals at the Flin Flon mill, while producing a higher grade copper concentrate with a very high gold content.  These positive metallurgical results bring Murgor one step closer to capitalize on the high copper and gold prices and the strong world-wide demand for copper concentrate."

Test work was conducted by G&T Metallurgical Services Ltd. of Kamloops, British Columbia, Canada.  G&T is a highly reputable independent laboratory with more than 18 years experience in the field.  The Hudvam and Wim metallurgical work by G&T was managed by Thomas Shouldice P.Eng, a Qualified Person under national Instrument 43-101..

Test Work Details for Hudvam:

A total of six separate composite samples were prepared from 2008 drill core at the Hudvam deposit, representative of the two ore lenses of the deposit.  Dilution was introduced with the mineralized samples to simulate mining conditions.

The Bond Work Index testing performed on the samples averaged results of 15.1 kW-Hr per metric tonne.

The metallurgical test work was performed on feed samples ground to a nominal 91�m K80 grind size.  The locked cycle test work predicted that copper recoveries will range between 87.3% and 90.6% with an expected average recovery rate of 89%.  The copper thereby captured results in a concentrate that averages 30% copper for shipment to a smelter.  An average of 56% of the gold is recovered in the copper concentrate which grades 51 g/tonne Au.  Zinc in the feed was on average 70% recovered into a final concentrate grading 48% zinc.

Test Work Details for Wim: 

Two separate and representative composite samples were collected from the 2008 drill core of the single ore lens at the deposit.  Approximately 10% dilution was introduced with the mineralized samples to simulate mining conditions.

The preliminary batch flotation test work was performed on feed samples ground to a nominal 100 �m K80 grind size.  The test work predicts that copper recoveries will range between 88.8% and 98.2% with an expected average recovery of 92%.  The concentrate grade was on average 32.5% copper.
 
 

About the Hudvam Deposit:

The Hudvam deposit is located 47 kilometres north-east of the Town of Flin Flon Manitoba, where HudBay Minerals Inc. operates a concentrator, a copper smelter and a zinc plant.  The deposit already has an access ramp, nearly 250 metres long, that could be rehabilitated for quick development of the deposit, with low capital expenditures.  On August 28, 2008 Murgor released the results from a new 43-101 compliant resource estimate at the Hudvam deposit.  This new estimate shows that Murgor increased the tonnage of the deposit by 113% over the historical resource, with over 70% of the resource in the Indicated category.

The newly estimated mineral resource at Hudvam is as follows:

INDICATED CATEGORY
   


   CUT-OFF                 TONNAGE                                  GRADE                                                             CONTAINED METAL**
    GRADE*            ( Metric Tonnes)      Cu           Zn            Au          Ag                    Cu (lb)             Zn (lb)            Au (oz)      Ag (oz)                    


2.0%  Cu Equiv         854,076              1.22%    1.78%    3.82 g/t   13.84 g/t      23,008,000     33,541,000    105,000      380,000
2.5%  Cu Equiv.        680,657              1.38%    1.98%    4.33 g/t   15.38 g/t      20,640,000     29,654,000      95,000      337,000


               

INFERRED CATEGORY
   


   CUT-OFF                 TONNAGE                                  GRADE                                                               CONTAINED METAL**
    GRADE*            ( Metric Tonnes)        Cu           Zn           Au           Ag                        Cu (lb)            Zn (lb)          Au (oz)      Ag (oz)                    


2.0%  Cu Equiv           502,901              0.79%    1.33%    3.25 g/t   6.96 g/t             8,759,000     14,746,000     53,000      113,000
2.5%  Cu Equiv.          338,557              0.85%    1.46%    3.96 g/t   7.36 g/t             6,345,000     10,898,000      43,000        80,000              


*  Copper equivalent grade base on US$1.75 per lb Copper, US$0.80 per lb Zn, US$700 per oz Au and US$10 per oz Ag.
** Figures rounded to nearest 1,000.



About the Wim Deposit:

The Wim Deposit is located approximately 16 kilometres north of the Town of Snow Lake Manitoba where HudBay Minerals Inc. (HBM: TSX) operates a concentrator to process ore from the Chisel North Deposit.  The concentrator currently operates below full capacity, particularly to process copper ore. The close proximity of the Wim deposit to existing infrastructure, combined with the shallow depth of the mineralization would allow for a quick development of the project with minimal capital expenditure and environmental footprint.  On September 9th, 2008 Murgor released the results from a new 43-101 compliant resource estimate at the Wim deposit.  This new estimate shows that Murgor increased the tonnage of the deposit by 130% over the historical resource, with over 85% of the resource in the Indicated category.

The newly estimated mineral resource at Wim is as follows:

INDICATED CATEGORY
   


   CUT-OFF                 TONNAGE                                GRADE                                                               CONTAINED METAL**
    GRADE*            ( Metric Tonnes)      Cu          Zn            Au          Ag                      Cu (lb)            Zn (lb)              Au (oz)           Ag (oz)                    


2.0%  Cu Equiv          2,776,787         1.94%    0.30%    1.88 g/t   7.53 g/t        118,763,000     18,365,000       168,000        672,000
2.5%  Cu Equiv.         1,805,382         2.20%    0.35%    2.30 g/t   8.56 g/t          87,564,000     13,931,000       134,000        497,000


               

INFERRED CATEGORY

   


   CUT-OFF                 TONNAGE                                  GRADE                                                             CONTAINED METAL**
    GRADE*            ( Metric Tonnes)         Cu          Zn          Au          Ag                        Cu (lb)           Zn (lb)            Au (oz)        Ag (oz)                    


2.0%  Cu Equiv          445,999              1.12%    0.43%    2.11 g/t   5.06 g/t           11,013,000     4,228,000       30,000         73,000
2.5%  Cu Equiv.         219,310              1.22%    0.47%    2.57 g/t   5.55 g/t             5,899,000     2,272,000       18,000         39,000              


*  Copper equivalent grade based on US$1.75 per lb Copper, US$0.80 per lb Zn, US$700 per oz Au and US$10 per oz Ag.
** Figures rounded to nearest 1,000.

   

About Murgor Resources

Murgor Resources Inc. is a mineral exploration and development company focused on copper, zinc and gold deposits. Late in 2006, the company signed agreements with HudBay Minerals (TSX:HBM), acquiring the right to earn a 100% interest in three deposits. Murgor also acquired from HudBay a 50% interest in two highly prospective grassroots properties, covering more than 1,850 square kilometres adjacent to the Snow Lake and Flin Flon, Manitoba mining districts. The exploration targets for Murgor consist of polymetallic massive sulphide deposits in one of the most prolific greenstone belts in Canada and the world.
 

The table below shows the total 43-101 compliant resource for Murgor's Hudvam, Wim and Fon deposits.

http://www.murgor.com/modules/AxialRealisation/img_repository/files/images/nouvelles/2008-09-18/08-09-18_METALLURGY_EN.jpg




For more information, please visit Murgor's website at
www.murgor.com or contact:
 

Andr� C. Tessier, President and CEO                          Joanna Longo           
MURGOR RESOURCES INC.                                        Investor Relations - The Equicom Group
Tel: (613) 546-7503 or 1 888 891-3330                       Tel: (416) 815-0700 ext. 233 or 1 800 385-5451
Fax:  (613) 546-7318                                                        Fax: (416) 815-0080
E-mail:
info@murgor.com                                               E-mail: jlongo@equicomgroup.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.

 

 

http://www.ekomarketing.ca/mailview.aspx?lang=en&2h=6492633&s9=14283&2i=212&j2=newsrelease%4024hgold.com&h4=a.jpg
 

 

 

Murgor Resources Inc.

PRODUCER
CODE : MGR.V
ISIN : CA62660P4024
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

Murgor is a zinc and copper producing company based in Canada.

Murgor holds various exploration projects in Canada.

Its main asset in production is FLIN-D in Canada and its main exploration properties are GOLDEN ARROW MINE, BARRY - URBAN (EAGLE RIVER), CLAY LAKE, NELLIGAN, BARRY - URBAN (WINDFALL), LA TREVE, MISHIBISHU, MYSTERY, FANCAMP, MOUNT PLEASANT, BARRY - URBAN (BARRY), BENOIT, HUDVAM, WIM, FON, GULLROCK PROPERTY, PREMIERE PROPERTY and ELMTREE GOLD in Canada.

Murgor is listed in Canada and in United States of America. Its market capitalisation is CA$ 1.2 millions as of today (US$ 986 887, € 923 332).

Its stock quote reached its highest recent level on August 07, 2020 at CA$ 1.89, and its lowest recent point on March 07, 2023 at CA$ 0.01.

Murgor has 123 430 000 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Annual reports of Murgor Resources Inc.
2008 Annual Report
Financings of Murgor Resources Inc.
7/3/2009Announces the Closing of Private Placement
5/6/2008ANNOUNCES THE COMPLETION OF A $2.3 MILLION PRIVATE PLACEMENT
4/24/2008ANNOUNCES MAXIMUM $2.3 MILLION PRIVATE PLACEMENT
12/6/2007announces closing of $1.6 million private placement
Option Grants of Murgor Resources Inc.
7/15/2010Grant of 1,125,000 stock options
5/23/2008Grant of 1.239.174 stock options
Nominations of Murgor Resources Inc.
5/15/2008APPOINTS NEW VICE-P
Project news of Murgor Resources Inc.
2/10/2011(Golden Arrow Mine)INTERSECTS MORE GOLD, UNDERNEATH THE OPEN PIT AT THE GOLDEN ...
9/24/2009(Fancamp)Announces Trenching Returns at Fancamp Gol
9/17/2009(Hudvam)EARNS 100% INTEREST FROM HUDBAY AT THE WIM COPPER-GOLD AND H...
8/27/2009(Premiere Property)Murgor Resources Acquires Red Lake Gold Properties
2/12/2009(Fon) Announces Drilling at Abbott Lake, SK
9/18/2008(Hudvam)ANNOUNCES METALLURGICAL RESULTS AT THE HUDVAM AND WIM DEPOSI...
9/9/2008(Wim)'S NEW NI 43-101 RESOURCE ESTIMATE
8/30/2008(Hudvam)COMPLETES NI 43-101 RESOURCE ESTIMATE AT THE HUDVAM D
5/15/2008(Hudvam)DRILLS MORE HIGH GRADE GOLD A
5/9/2008(Hudvam)'S NEW DISCOVERY YIELDS SIGNIFICANT GRADES OVER MINEAB
4/23/2008(Hudvam)RELEASES FURTHER HIGH GRADE GOLD ASSAYS FROM THE HUDVAM COPP...
4/1/2008(Wim)DRILLING EXTENDS THE NEW UPPE
3/31/2008(Mishibishu) AND JOINT VENTURE PARTNER AWAIT GEOCHEMICAL RESULTS F
Corporate news of Murgor Resources Inc.
3/12/2015IIROC Trading Halt - MGR
3/10/2015Alexandria Minerals Acquisition of Murgor Resources Complete...
12/23/2014Alexandria Minerals Corporation to acquire Murgor Resources ...
6/3/2014acquires Wydee property in proximity to the Young Davidson G...
4/7/2014to sell royalties on Quebec properties
4/1/2014completes the sale of its remaining interest at Windfall
3/13/2014agrees to sell its remaining windfall property interest to E...
10/24/2013(Fancamp)signs option agreement with TomaGold Corporation at the Fanc...
5/27/2013Completes Sale of Benoist and Waconichi Properties for Total...
3/13/2013to sell its net smelter return royalty at the Barry 1 Proper...
2/9/2010Starts Drilling Copper-Gold Targets At the WIM-extension
1/14/2010Starts Exploration work on its Red Lake Gold properties
9/10/2009Fundamental research renews recommandation for Murgor
9/1/2009 Announces CNME Acquires 14.95% interest in
11/14/2008Announces First Closing of $403,000 Private
11/10/2008CEO Monthly Newsletter - November 2008
9/5/2008September 2008 Newsletter
6/27/2008SUMMARY OF RECENT EXPLORATION DEVELO
6/23/2008June 2008 Newsletter
6/18/2008ANNOUNCES A SIGNIFICANT SIZE
5/26/2008FUNDAMENTAL RESEARCH INITIATES COVER
5/9/2008- May 2008 Newsletter
2/7/2008February 2008 Newsletter
2/1/2008RETAINS LEADING INVESTOR RELA
1/30/2008ANNOUNCES RIGHTS OF
11/24/2007 ANNOUNCES SHARE CONSOLIDATION
11/15/2007RETAINS GOLDER ASSOCIATES FOR PRELIMINARY FEASIBILITY STUDIE...
11/6/2007 Bulletin de Novembre 2007
10/17/2007LE TROU DE FORAGE #3 DE MURGOR AU GISEMENT DE WIM
10/11/2007EXTENDS WIM COPPER-GOLD DEPOSIT
8/29/2007starts drilling at the Wim deposit in northern Manitoba
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (MGR.V)Other OTC (MGRRF)
0.010+0.00%0.0130
TSX-V
CA$ 0.010
03/07 14:55 -
0%
Prev close Open
0.010 0.010
Low High
0.010 0.010
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
- -  0.010 -%
Volume 1 month var.
1,400 -%
24hGold TrendPower© : -37
Produces Copper - Zinc
Develops
Explores for Copper - Diamonds - Gallium - Gold - Silver - Zinc
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 1/14/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
20240.00%
2023-66.67%0.040.01
2022-96.20%0.850.03
2021-24.04%1.200.72
2020258.62%1.890.24
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.05+0.43%Trend Power :
OceanaGold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 8.91-2.73%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.59-3.26%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.05+10.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.06+0.00%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
 12.67+0.88%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.34+6.25%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.18+0.00%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
 1.77-2.21%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 40.37-0.22%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.04+0.00%Trend Power :
Take advantage of rising gold stocks
  • Subscribe to our weekly mining market briefing.
  • Receive our research reports on junior mining companies
    with the strongest potential
  • Free service, your email is safe
  • Limited offer, register now !
Go to website.