Murgor discovers two new massive sulphide zones at the Hudvam copper-gold-zinc deposit in Manitoba



    MONTREAL, March 20 /CNW/ - Murgor Resources Inc. (MGR: TSX-V) today
announced that it has intersected two new zones of massive sulphide
mineralization at the Hudvam copper-gold-zinc deposit in Manitoba. Both new
discoveries were intersected in Murgor's first exploration hole at the Hudvam
property (drill hole HVS08-44) and all assays from this drill hole are
pending. A long section and cross section of the deposit will be attached to
this press release on Murgor's website at www.murgor.com.
    The first sulphide intersection was discovered at least 275 meters away
from any known mineralization at the deposit, between Zone No. 1 and Zone
No. 3, at a vertical depth of 300 meters. The mineralization is open in all
directions and points to a large area of high potential for exploration
between lenses No. 1 and No. 3 and at depth. The intersection is divided into
two parts and is as follows:

    
    -   341.07 to 343.40m: Massive to semi-massive pyrite, pyrrhotite,
        chalcopyrite and sphalerite over 2.33 meters.

    -   354.70 to 356.00m: Semi-massive pyrite, pyrrhotite, chalcopyrite and
        sphalerite over 1.30 meters.
    

    The second sulphide intersection is located on a newly recognized
mineralized horizon located approximately 75 meters in the stratigraphic
hangingwall of the mineralization that is known to date. This new discovery
was intersected at a vertical depth of approximately 375 meters and is open in
all directions. The new intersection also outlines a new area of the deposit
that is highly prospective for exploration. The intersection is as follows:

    
    -   438.84 to 444.34m: Massive to semi-massive pyrite, pyrrhotite,
        chalcopyrite and sphalerite over 5.50 meters.
    

    André C. Tessier, President & CEO of Murgor Resources said: "We are very
pleased with these initial results and are awaiting assays with great
anticipation. We had recognized the potential for growth at the Hudvam deposit
when we first acquired the property from Hudbay and these new discoveries
confirm our initial thoughts. Combined with the two zones of the deposit,
already outlined by Murgor's definition drilling, the new discoveries are
suggestive of how much larger the Hudvam deposit may become. These discoveries
are also a testament to the expertise of our technical team, which is now
looking forward to testing more exploration targets at Hudvam and elsewhere in
the belt."

    Drill Hole HVS08-44 was aimed at a geological target where a large
alteration zone was projected to intersect with the mineralized horizon of
lens No. 1. The first sulphide lens was intersected on target and consists of
massive to semi-massive pyrite and pyrrhotite with visible amounts of
chalcopyrite and sphalerite. The composition and texture of the new lens is
typical of Zone No. 3, a massive, exhalative-type sulphide lens. This
intersection is believed to represent the stratigraphic equivalent of the
previously recognized lenses.
    The second intersection also consists of massive to semi-massive pyrite
and pyrrhotite with visible amounts of chalcopyrite and sphalerite, similar to
Zone No. 3. The section contains a 1.5 meter fragment or enclave of host rock
that is not mineralized. The newly recognized horizon had been intersected in
the past in the upper part of the deposit, where disseminated mineralization
returned assays of up to 1.78% Zn. This intersection is, however, the deepest
ever on this horizon and is open is all directions.
    The mineralization at both intersections is non-conductive and therefore
could not be detected previously by EM methods from surface or in drill hole.
    There are two other intersections of interest in drill hole HSV08-44,
which consist of up to 20% disseminated sulphide (dominantly pyrite and
pyrrhotite) in strongly altered volcanic rocks. These intersections are as
follows:

    
    - 247.50 to 253.59m: Heavily disseminated sulphide horizon over
      6.09 meters.

    - 328.10 to 337.00m: Heavily disseminated sulphide horizon over
      8.90 meters.
    

    There is insufficient information on these new mineralized zones to
determine the true width of the intersections. Based on Murgor's knowledge of
the Hudvam deposit, however, the true widths are believed to be in the order
of 80% of the core length.
    Since January 2008, Murgor has completed more than 43 drill holes for a
total of 10,475 meters at the Hudvam property. Murgor has completed the
metallurgical and geotechnical drilling required for the ongoing
pre-feasibility study at Hudvam. Murgor is currently drilling with two rigs at
the Hudvam property. One drill rig is presently dedicated to complete the
infill and definition drilling while the other drill rig is now dedicated to
exploration at the property-scale.
    The mineralization at Hudvam consists of solid sulphide to sulphide
breccia with variable amounts of gold bearing pyrite, pyrrhotite, chalcopyrite
and sphalerite. The ore lenses trend NNE and dip steeply at 75-80 degrees
towards the SE and would be amenable to long-hole mining. There is a 312 meter
long ramp at the deposit that could now be rehabilitated for quick
development.
    The Hudvam property consists of 18 claims covering 1,714 hectares,
located approximately 47 kilometers northeast of the Town of Flin Flon in
Manitoba. Murgor is earning a 100% interest in the property from HudBay
Minerals Inc. (HBM: TSX). HudBay has the right to buyback of up to 65% of the
property.
    Prior to Murgor's 2008 drilling, the NI 43-101 compliant Inferred
resource at the Hudvam deposit stood at: (please see SEDAR for the full
report)

    
    -------------------------------------------------------------------------
       CUT-OFF          TONNAGE                GRADE
       GRADE(*)          (Tons)       Cu       Zn       Au            Ag
    -------------------------------------------------------------------------
    2% Cu Equiv(xx)    1,315,000    1.17%    1.71%    2.94 g/t     10.49 g/t
    -------------------------------------------------------------------------


    ---------------------------------------------
                    CONTAINED METAL
       Cu(lbs)     Zn (lbs)   Au (oz)    Ag (oz)
    ---------------------------------------------
    30,778,000   44,720,000   111,000    403,000
    ---------------------------------------------
    (*)Copper equivalent grade.
    (xx)Copper equivalencies based on the following price of metals:
        Copper (Cu) = USD$1.10 per pound,
        Zinc (Zn) = USD$0.60 per pound,
        Gold (Au) = USD$475.00 per troy ounce, and
        Silver (Ag) = USD$6.00 per troy ounce.
    

    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 the Qualified Persons in charge of
this exploration program, as defined by NI-43-101. Andre C. Tessier,
P.Geo. (On), P.Eng. (Qc) and President CEO of Murgor Resources is the
Qualified Person responsible for this news release.

    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 & 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; Or Michael Joyner, Investor
Relations - The Equicom Group, Tel: (416) 815-0700 ext. 275 or 1-800-385-5451,
E-mail: mjoyner@equicomgroup.com

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