MURGOR DRILLS WIDE GOLD AT THE GOLDEN ARROW GOLD MINE, TIMMINS, ONTARIO

Up to 114 meters of 1.23 g/t in this round of drilling

KINGSTON, ON, May 18 /CNW/ - Murgor Resources Inc. (MGR: TSX-V) is pleased to announce the results from an additional three drill holes at the Golden Arrow Gold project, located 65 kilometres east of Timmins, Ontario.  The holes are all located on section 200S and 225S, and tested the gold mineralized zone up to 150 meters below surface.

On section 200S, drill hole A11-19, intersected a wide mineralized zone of 114 meters averaging 1.23 g/t gold, in the southern, down-plunge extension of the orebody, including internal intervals of 2.20 g/t gold over 30.0 meters and 4.11 g/t gold over 7.0 meters.  On the same section, drill hole A11-18 intersected 24 meters of 3.09 g/t gold including an internal interval of 4.15 g/t gold over 13.0 meters.  The down plunge extension of the mineralization remains open and untested to the southwest beyond these drill holes.

At section 225S, drill hole A11-16 intersected 41.5 meters of 0.75 g/t gold above the plunge of the orebody.

New drill results are shown below:

SECTION HOLE-ID FROM (m) TO (m) LENGTH (m)* AU (g/t)
225S A11-16 59.50 101.00 41.50 0.75
225S A11-17 Awaiting Results
200S A11-18 111.00 135.00 24.00 3.09
  incl. 121.00 134.00 13.00 4.15
200S A11-19 65.00 179.00 114.00 1.23
  incl. 98.00 157.00 59.00 1.68
  incl. 127.00 157.00 30.00 2.20
  Iincl: 142.00 149.00 7.00 4.11

 *    True widths = 75% of reported core lengths.

Please note that all mineralized intercepts are reported uncut since less than 0.5% of assay results are greater than 10 g/t (no assay greater than 20 g/t Au).

"Our drill program continues to deliver excellent results of economic grades over mineable widths." said André Tessier, President and CEO of Murgor Resources.  "The occurrence of mineralized zones of over 4 g/t gold over true widths of in excess of 5.0 meters in our recent drill holes, suggests there is the possibility of identifying zones amenable to underground mining on the property in addition to zones amenable to potential open pit mining. The wide Golden Arrow zone is now defined continuously over a strike length and a vertical depth of 150 meters.  The drill program is progressing well and we expect a continuous flow of results beyond the summer of 2011."

The syenite-hosted gold mineralization consists of a stockwork of quartz veins and veinlets enclosed in a halo of pink to brick-red potassic alteration with 2-3% disseminated pyrite.  The style of the gold mineralization is similar to the syenite-hosted gold mineralization at the Young-Davidson Mine some 50 kilometers south of Golden Arrow where Northgate Minerals Corp. has now defined reserves in excess of 2.8M ounces gold at similar grades (Northgate Minerals Corp. 43-101 Technical Report, Jan. 23, 2009 available on SEDAR).    

Complete drilling results from Murgor in 2010 and 2011 at Golden Arrow are reported in news releases dated February 10, 2011, April 7th, 2011 and April 21, 2011. On February 4th, 2011, Murgor signed a definitive agreement with Victoria Gold Mines (East Timmins) Ltd to acquire an interest of up to 70% in the Golden Arrow Gold Mine property.

Gold analyses reported in this release were performed by standard fire assay using a one assay ton aliquot with a gravimetric finish.  All assays were performed by Activation Laboratories Ltd, in Timmins, Ontario. Sampling and analytical procedures are subject to Murgor's comprehensive Quality Assurance and Quality Control program.  The QA-QC program, includes duplicate samples, blanks and analytical standards.

About the Golden Arrow Gold Mine:

The Golden Arrow property consists of 17 mining patents and leases, and four mining claims covering 723 hectares in Hislop Township and located 65 kilometers east of the Town of Timmins in Ontario.  In 1981 and 1982, a total of 279,593 tons of ore was mined at a grade of 0.061 oz/t (2.09 g/t) from the Arrow open pit.  Mining ceased due to low gold prices.

The property was originally explored underground in the 1940s to by the Golden Arrow Mining Company Ltd. who sank a shaft to a depth of 435ft (130m) below surface and undertook about 700m of horizontal development on the 250ft (76m) and 400ft (122m) levels.

The Golden Arrow property is underlain by mafic flows and syenite intrusions with younger post mineral diabase dikes. Gold mineralization is generally hosted within a syenite intrusion and consists of a stockwork of quartz veinlets situated within a broader halo of pink to brick-red potassic alteration.  Mineralized zones are related to a NE-SW structure associated with the Porcupine-Destor Fault Zone.  The property covers a two kilometre strike extent of this NE-SW structure.  The Golden Arrow gold deposit is located 9 km SW of the past-producing Ross Gold Mine which produced nearly one million ounces of gold between 1936 and 1989.  Also located in Hislop Twp are the presently producing Hislop Mine of St. Andrew Goldfields Ltd. and the Black Fox Mine of Brigus Gold Corp.  Please visit www.murgor.com for additional information about the Golden Arrow Gold Mine.

About Murgor Resources

Murgor Resources Inc. is a mineral exploration and development company focused on near-term production at the Golden Arrow Gold Mine in Ontario.  Murgor also owns a 100% interest in two gold-copper deposits in the Snow Lake and Flin Flon mining districts of Manitoba.  The company further owns an exceptional portfolio of gold properties in proven mining districts of Canada, as well as a 1% NSR royalty in the Barry Gold Mine and the Windfall Gold Project in Québec.

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


INDICATED RESOURCE
Project Tonnage Grade* Metal Content
Metric Tonnes Cu % Zn% Au g/t Ag g/t Cu (lb) Zn (lb) Au (oz) Ag (oz)

Hudvam

854,076

1.22

1.78

3.82

13.84

23,007,640

33,541,359

104,930

379,928

Wim

2,776,787

1.94

0.3

1.88

7.53

118,762,524

18,365,339

167,838

672,246

TOTAL

3,630,863

 

 

 

 

141,770,164

51,906,698

272,768

1,052,174

 

 

 

 

 

 

 

 

 

 

 

INFERRED RESOURCE
Project Tonnage Grade* Metal Content
Metric Tonnes Cu % Zn% Au g/t Ag g/t Cu (lb) Zn (lb) Au (oz) Ag (oz)

Hudvam

502,901

0.79

1.33

3.25

6.96

8,758,802

14,745,831

52,548

112,534

Wim

445,999

1.12

0.43

2.11

5.06

11,012,528

4,228,024

30,256

72,556

TOTAL

948,900

 

 

 

 

19,771,330

18,973,856

82,804

185,090

 

For statement of resources, see Murgor Press Releases: Aug. 28, 2008 for Hudvam and Sept. 09, 2008 for Wim.

The technical information in this news release has been reviewed by Mr. John Reddick, P.Geo, a qualified person in accordance with Canadian regulatory requirements as set out in National Instrument 43-101, and responsible for the supervision of the project.

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.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information:

FOR FURTHER INFORMATION PLEASE VISIT MURGOR'S 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

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Murgor Resources Inc.

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