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, Sept. 18 /CNW/ - 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(micro)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 (micro)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
    GRADE((*))         (Metric Tonnes)    Cu      Zn         Au          Ag
    -------------------------------------------------------------------------
    2.0% Cu Equiv           854,076    1.22%   1.78%    3.82 g/t   13.84 g/t
    2.5% Cu Equiv.          680,657    1.38%   1.98%    4.33 g/t   15.38 g/t
    -------------------------------------------------------------------------


    ------------------------------------------------------
                          CONTAINED METAL(xx)
       Cu (lb)          Zn (lb)      Au (oz)     Ag (oz)
    ------------------------------------------------------
    23,008,000        33,541,000    105,000      380,000
    20,640,000        29,654,000     95,000      337,000
    ------------------------------------------------------
    (*)  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.
    (xx) Figures rounded to nearest 1,000.


    INFERRED CATEGORY

    -------------------------------------------------------------------------
    CUT-OFF              TONNAGE                   GRADE
    GRADE((*))         (Metric Tonnes)    Cu      Zn         Au          Ag
    -------------------------------------------------------------------------
    2.0% Cu Equiv           502,901    0.79%   1.33%    3.25 g/t    6.96 g/t
    2.5%  Cu Equiv.         338,557    0.85%   1.46%    3.96 g/t    7.36 g/t
    -------------------------------------------------------------------------


    ------------------------------------------------------
                          CONTAINED METAL(xx)
       Cu (lb)          Zn (lb)      Au (oz)     Ag (oz)
    ------------------------------------------------------
    8,759,000         14,746,000     53,000      113,000
    6,345,000         10,898,000     43,000       80,000
    ------------------------------------------------------
    

    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
    GRADE((*))         (Metric Tonnes)    Cu      Zn         Au          Ag
    -------------------------------------------------------------------------
    2.0% Cu Equiv         2,776,787    1.94%   0.30%    1.88 g/t    7.53 g/t
    2.5% Cu Equiv.        1,805,382    2.20%   0.35%    2.30 g/t    8.56 g/t
    -------------------------------------------------------------------------


    ------------------------------------------------------
                          CONTAINED METAL(xx)
       Cu (lb)          Zn (lb)      Au (oz)     Ag (oz)
    ------------------------------------------------------
    118,763,000       18,365,000    168,000      672,000
    87,564,000        13,931,000    134,000      497,000
    ------------------------------------------------------


    INFERRED CATEGORY

    -------------------------------------------------------------------------
    CUT-OFF              TONNAGE                   GRADE
    GRADE((*))         (Metric Tonnes)    Cu      Zn         Au          Ag
    -------------------------------------------------------------------------
    2.0% Cu Equiv           445,999    1.12%   0.43%    2.11 g/t    5.06 g/t
    2.5% Cu Equiv.          219,310    1.22%   0.47%    2.57 g/t    5.55 g/t
    -------------------------------------------------------------------------


    ------------------------------------------------------
                          CONTAINED METAL(xx)
       Cu (lb)          Zn (lb)      Au (oz)     Ag (oz)
    ------------------------------------------------------
    11,013,000         4,228,000     30,000      73,000
    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.
    (xx) 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.

    -------------------------------------------------------------------------
                                  Tonnage                Grade((*))
                 Project    -------------------------------------------------
                              Metric Tonnes    Cu%     Zn%   Au g/t   Ag g/t
    INDICATED ---------------------------------------------------------------
    RE

SOURCE --------------------------------------------------------------- Hudvam 854,076 1.22 1.78 3.82 13.84 --------------------------------------------------------------- Wim 2,776,787 1.94 0.3 1.88 7.53 --------------------------------------------------------------- --------------------------------------------------------------- TOTAL 3,630,863 ------------------------------------------------------------------------- ------------------------------------------------------------------------- Metal Content Project ------------------------------------------------- Cu (lb) Zn (lb) Au (oz) Ag (oz) INDICATED --------------------------------------------------------------- RE

SOURCE --------------------------------------------------------------- Hudvam 23,007,640 33,541,359 104,930 379,928 --------------------------------------------------------------- Wim 118,762,524 18,365,339 167,838 672,246 --------------------------------------------------------------- --------------------------------------------------------------- TOTAL 141,770,164 51,906,698 272,768 1,052,174 ------------------------------------------------------------------------- ------------------------------------------------------------------------- Tonnage Grade((*)) Project ------------------------------------------------- Metric Tonnes Cu% Zn% Au g/t Ag g/t INFERRED --------------------------------------------------------------- RE

SOURCE --------------------------------------------------------------- Hudvam 502,901 0.79 1.33 3.25 6.96 --------------------------------------------------------------- Wim 445,999 1.12 0.43 2.11 5.06 --------------------------------------------------------------- Fon 4,543,126 0.25 3.73 - 10.88 --------------------------------------------------------------- --------------------------------------------------------------- TOTAL 5,492,026 ------------------------------------------------------------------------- ------------------------------------------------------------------------- Metal Content Project ------------------------------------------------- Cu (lb) Zn (lb) Au (oz) Ag (oz) INDICATED --------------------------------------------------------------- RE

SOURCE --------------------------------------------------------------- Hudvam 8,758,802 14,745,831 52,548 112,534 --------------------------------------------------------------- Wim 11,012,528 4,228,024 30,256 72,556 --------------------------------------------------------------- Fon 25,039,440 373,588,445 - 1,752,761 --------------------------------------------------------------- --------------------------------------------------------------- TOTAL 44,810,770 392,562,301 82,804 1,937,851 ------------------------------------------------------------------------- ((*)) Based on a 2.0% copper equivalent cut-off grade at Wim and Hudvam, and a 1.0% Zn cut-off grade at Fon 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.

For further information:

For further information: please visit Murgor's website at www.murgor.com
or contact: André C. Tessier, President and CEO, MURGOR RESOURCES INC., Tel:
(613) 546-7503 or 1 888 891-3330, Fax: (613) 546-7318, E-mail:
info@murgor.com; Joanna Longo, Investor Relations - The Equicom Group, Tel:
(416) 815-0700 ext. 233 or 1 800 385-5451, Fax: (416) 815-0080, E-mail:
jlongo@equicomgroup.com

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