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Murgor Resources Inc.

Publié le 27 août 2009

Murgor Resources Acquires Red Lake Gold Properties

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Murgor

MURGOR RESOURCES ACQUIRES RED LAKE GOLD PROPERTIES

Kingston, Ontario, August 27, 2009 - Murgor Resources Inc. (MGR: TSX-V) announces that it has acquired the right to earn a 100% interest in two gold exploration properties near Red Lake, Ontario.

The Gullrock Property consists of eight claims located one kilometer east of Goldcorp's Red Lake property and on strike with the Campbell-Red Lake Gold Mine.  The property covers 1,409 hectares of what is known as "the Mine trend" south-east of Red Lake. The "Mine Trend" hosts the Campbell-Red Lake, Cochenour-Willans and the MacKenzie Gold Mines where more than 20 million ounces of gold have been mined to date.  Reserves stand at 3.6 million gold ounces at the Campbell-Red Lake Mine (Goldcorp's annual report 2008). Despite the fact that the Gullrock property geology bears similar geology as the Campbell-Red Lake Mine setting, the property has seen very limited exploration work and its exploration potential is deemed excellent.  Murgor has already identified untested geophysical anomalies on the property that coincide with gold in soil geochemical anomalies. These exploration targets will be tested in 2009-2010.  Under the terms of the option, Murgor will earn a 100% interest in the property by making aggregate cash payments of $88,500, issuing a total of 120,000 common shares over a period of 48 months and by incurring $50,000 of exploration expenditures over a period of 12 months.

The Premiere Property is located in the Uchi Belt and consists of three mining claims covering 524 hectares.  The property is located immediately south of the Hudson-Patricia mine which produced 1900 ounces of gold with an average grade of 0.165 oz/ton.  The property covers the Rouillard and the Particia-Dent exploration shafts.  At both localities, gold is hosted by quartz veins ranging in width from 40 cm to 1.0 meter wide grades of up to 0.64 ounces per ton.  During due diligence work, Murgor geologists collected three grab samples that returned assays of 128.5 g/t, 116.2 g/t and 9.0 g/t gold.  The Premiere Property has seen very limited exploration work and is deemed as having great exploration potential.  Under the terms of the option, Murgor will earn a 100% interest in the property by making aggregate cash payments of $73,000 and issuing a total of 180,000 over a period of 48 months.

A location map of the Gullrock property is attached to this press release on Murgor's website and can be viewed at www.murgor.com.

Dr. Jean-Philippe Desrochers, P.Geo and Vice-President of Exploration for Murgor Resources, and Neil W. Richardson, P.Geo. and Manager of Central Canada Exploration for Murgor Resources Inc. are Qualified Persons, as defined by NI-43-101 and have verified the technical information reviewed in this news release.

About Murgor Resources

Murgor Resources Inc. is a mineral exploration and development company focused on copper, zinc and gold deposits.  The company is earning a 100% interest in three deposits, adjacent to the Snow Lake and Flin Flon mining districts of Manitoba, from HudBay Minerals Inc. (TSX:HBM).  Murgor is also exploring an exceptional portfolio of gold properties in proven mining districts of Canada, owns a 1% NSR royalty in the Barry Gold Mine and an interest in the advanced Windfall Gold Project in Quebec.

FOR FURTHER INFORMATION PLEASE VISIT MURGOR'S WEBSITE AT WWW.MURGOR.COM OR CONTACT:

Andr� 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

 

 

Murgor Resources Inc.

PRODUCTEUR
CODE : MGR.V
ISIN : CA62660P4024
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Murgor est une société de production minière de zinc et de cuivre basée au Canada.

Murgor détient divers projets d'exploration au Canada.

Son principal projet en production est FLIN-D au Canada et ses principaux projets en exploration sont 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 et ELMTREE GOLD au Canada.

Murgor est cotée au Canada et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 1,2 millions CA$ (986 887 US$, 864 513 €).

La valeur de son action a atteint son plus haut niveau récent le 07 août 2020 à 1,89 CA$, et son plus bas niveau récent le 07 mars 2023 à 0,01 CA$.

Murgor possède 123 430 000 actions en circulation.

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Rapports annuels de Murgor Resources Inc.
2008 Annual Report
Financements de Murgor Resources Inc.
03/07/2009Announces the Closing of Private Placement
06/05/2008ANNOUNCES THE COMPLETION OF A $2.3 MILLION PRIVATE PLACEMENT
24/04/2008ANNOUNCES MAXIMUM $2.3 MILLION PRIVATE PLACEMENT
06/12/2007announces closing of $1.6 million private placement
Attributions d'options de Murgor Resources Inc.
15/07/2010Grant of 1,125,000 stock options
23/05/2008Grant of 1.239.174 stock options
Nominations de Murgor Resources Inc.
15/05/2008APPOINTS NEW VICE-P
Projets de Murgor Resources Inc.
10/02/2011(Golden Arrow Mine)INTERSECTS MORE GOLD, UNDERNEATH THE OPEN PIT AT THE GOLDEN ...
24/09/2009(Fancamp)Announces Trenching Returns at Fancamp Gol
17/09/2009(Hudvam)EARNS 100% INTEREST FROM HUDBAY AT THE WIM COPPER-GOLD AND H...
27/08/2009(Premiere Property)Murgor Resources Acquires Red Lake Gold Properties
12/02/2009(Fon) Announces Drilling at Abbott Lake, SK
18/09/2008(Hudvam)ANNOUNCES METALLURGICAL RESULTS AT THE HUDVAM AND WIM DEPOSI...
09/09/2008(Wim)'S NEW NI 43-101 RESOURCE ESTIMATE
30/08/2008(Hudvam)COMPLETES NI 43-101 RESOURCE ESTIMATE AT THE HUDVAM D
15/05/2008(Hudvam)DRILLS MORE HIGH GRADE GOLD A
09/05/2008(Hudvam)'S NEW DISCOVERY YIELDS SIGNIFICANT GRADES OVER MINEAB
23/04/2008(Hudvam)RELEASES FURTHER HIGH GRADE GOLD ASSAYS FROM THE HUDVAM COPP...
01/04/2008(Wim)DRILLING EXTENDS THE NEW UPPE
31/03/2008(Mishibishu) AND JOINT VENTURE PARTNER AWAIT GEOCHEMICAL RESULTS F
Communiqués de Presse de Murgor Resources Inc.
12/03/2015IIROC Trading Halt - MGR
10/03/2015Alexandria Minerals Acquisition of Murgor Resources Complete...
23/12/2014Alexandria Minerals Corporation to acquire Murgor Resources ...
03/06/2014acquires Wydee property in proximity to the Young Davidson G...
07/04/2014to sell royalties on Quebec properties
01/04/2014completes the sale of its remaining interest at Windfall
13/03/2014agrees to sell its remaining windfall property interest to E...
24/10/2013(Fancamp)signs option agreement with TomaGold Corporation at the Fanc...
27/05/2013Completes Sale of Benoist and Waconichi Properties for Total...
13/03/2013to sell its net smelter return royalty at the Barry 1 Proper...
09/02/2010Starts Drilling Copper-Gold Targets At the WIM-extension
14/01/2010Starts Exploration work on its Red Lake Gold properties
10/09/2009Fundamental research renews recommandation for Murgor
01/09/2009 Announces CNME Acquires 14.95% interest in
14/11/2008Announces First Closing of $403,000 Private
10/11/2008CEO Monthly Newsletter - November 2008
05/09/2008September 2008 Newsletter
27/06/2008SUMMARY OF RECENT EXPLORATION DEVELO
23/06/2008June 2008 Newsletter
18/06/2008ANNOUNCES A SIGNIFICANT SIZE
26/05/2008FUNDAMENTAL RESEARCH INITIATES COVER
09/05/2008- May 2008 Newsletter
07/02/2008February 2008 Newsletter
01/02/2008RETAINS LEADING INVESTOR RELA
30/01/2008ANNOUNCES RIGHTS OF
24/11/2007 ANNOUNCES SHARE CONSOLIDATION
15/11/2007RETAINS GOLDER ASSOCIATES FOR PRELIMINARY FEASIBILITY STUDIE...
06/11/2007 Bulletin de Novembre 2007
17/10/2007LE TROU DE FORAGE #3 DE MURGOR AU GISEMENT DE WIM
11/10/2007EXTENDS WIM COPPER-GOLD DEPOSIT
29/08/2007starts drilling at the Wim deposit in northern Manitoba
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