Murgor Resources Inc.

Published : November 15th, 2007

RETAINS GOLDER ASSOCIATES FOR PRELIMINARY FEASIBILITY STUDIES

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Murgor

Hi Mr ou Mme ,


MURGOR RETAINS GOLDER ASSOCIATES FOR PRELIMINARY FEASIBILITY STUDIES ON THE HUDVAM AND WIM DEPOSITS IN THE FLIN FLON BELT, MANITOBA


Montreal, Quebec, Nov. 15, 2007.  Murgor Resources Inc. (MUG: TSX-V) is pleased to announce that it has retained the services of Golder Associates Ltd. to carry-out Preliminary Feasibility studies on the Hudvam and Wim volcanogenic massive sulphide deposits in the Flin Flon Belt of Manitoba.  Golder in undertaking the Mineral Resource Estimation, the Environmental Feasibility Analysis, and the preparation of all Technical Reports required for both properties.  Murgor is currently earning a 100% interest in both deposits from HudBay Minerals Inc. (HBM: TSX).  The Preliminary Feasibility study at Hudvam is expected to be completed in the fall of 2008 whereas Golder is expected to complete the Preliminary Feasibility study at Wim in the spring of 2009.  

 

Andre C. Tessier, President and CEO of Murgor Resources states: “Murgor is very pleased to have secured the services of such a reputable firm as Golder.  We are all waiting for the results with great anticipation but also with confidence.   Murgor is presently drilling the Wim deposit and, starting in January of 2008, we will be drilling both deposits with four to five drills.  Murgor will be working with Golder to ensure that definition drilling of the deposits will be completed by spring of 2008.  New targets from geophysical surveys will also be drilled during that time frame at both properties.  We’re in for a very busy winter and we can’t wait for the results.” 

Golder is recognized as a leader in resource and reserve evaluation, geotechnical analysis, mine waste-fill design, environmental consulting and safety training. Many Golder staff can be called upon to act as Qualified Persons or Competent Persons, as defined by world-wide regulatory agencies, while acting in the role of Independent Engineer. Golder has been in operation for over 40 years and has more than 6,000 staff in over 150 offices across Africa, Asia, Australia, Europe, North America and South America.

Murgor also wishes to announce that a minimum of four diamond drills have been secured by the Corporation to start drilling at the Wim and Hudvam properties in January of 2008.  A total of 10,000 metres is planned at Hudvam and approximately 15,000 metres will be drilled at Wim.  Drilling will be aimed at resource definition and exploration at the property-scale.  An additional drill will start a 5,000 metre drilling program later in the winter to test exploration targets at the Fon, Tyr, Flin-D and Snow-H properties.  

In the fall of 2006, Murgor signed six separate agreements with HudBay Minerals Inc. to acquire a 100% interest in four properties that include the Fon, Wim, Hudvam and Tyr polymetallic deposits (Zinc-Copper-Gold-Silver), and a 50% interest in two large-scale grassroots projects covering 186,104 hectares of very prospective ground in Manitoba and Saskatchewan.  All the properties are located in the Flin Flon greenstone belt of Manitoba and Saskatchewan, one of the most prolific base metal districts in the world.  HudBay retains a 2% NSR royalty or has the option to buy back up to 65% of the deposits for cash considerations, work expenditures and bringing the deposits into production while carrying Murgor to production.

Murgor is continuing to drill at the Wim property where results are pending for seven drill holes.


In other news: Murgor also wishes to announce that it has entered into an amended option agreement with Mr. Jacques Duval dated August 16, 2007 pursuant to which the terms of the previously-announced option agreement entered into with Mr. Duval on June 8, 2006 is amended such that Murgor will issue 478,723 treasury shares to Mr. Duval, having an aggregate value of $90,000, in order to acquire a 100% interest in the Nelligan property, located in Nelligan, Benoit Lesueur Township in the Province of Quebec.

Murgor will issue the shares at a deemed price of $0.188 per share, representing the average closing price of Murgor’s shares on the TSX Venture Exchange for the ten trading days prior to August 16, 2007.  The issuance of the shares is subject to regulatory approval, including that of the TSX Venture Exchange.

Murgor also wishes to announce that it has granted a total of 250,000 stock options to Directors of the Corporation exercisable at a price of $0.25 per share until November 14th, 2011. The options were granted in accordance with the Company's 2004 Stock Option Plan and will become fully vested on April 14th, 2008.

The technical information in this news release has been reviewed by Dr. Jean-Philippe Desrochers, P.Geo, Vice-President Exploration of Murgor Resources Inc. a qualified person in accordance with Canadian regulatory requirements as set out in National Instrument 43-101.

 

FOR FURTHER INFORMATION ON MURGOR, PLEASE VISIT OUR WEBSITE AT WWW.MURGOR.COM OR CONTACT:

André C. Tessier, President & CEO
MURGOR RESOURCES INC.
Tel: (613) 546-7503 or 1-888-891-3330
Fax:  (613) 546-7318
E-mail: info@murgor.com      Web site:  www.murgor.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 regulations.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release.


 

 
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Murgor Resources Inc.

PRODUCER
CODE : MGR.V
ISIN : CA62660P4024
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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.

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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
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