Murgor Resources starts drilling copper-gold targets at the Wim-Extension
property in Snow-Lake Manitoba

KINGSTON, ON, Feb. 9 /CNW Telbec/ - Murgor Resources Inc. (MGR: TSX-V) announces the start of a drilling program at its 100% owned Wim Extension copper-gold property in Snow-Lake Manitoba.

Murgor is starting a 1,750 meter drilling program this week at the Wim Extension property to test a minimum of five high-priority VTEM targets outlined in 2008 and 2009 (VTEM is a helicopter-borne, high resolution, electromagnetic geophysical survey). All targets consist of good conductors, locally coincident with magnetic highs and occurring at depths below historical geophysical coverage. None of the targets have ever been drill-tested. Two of the anomalies occur on the mineralized horizon which hosts the Wim copper-gold deposit (also 100% Murgor owned).

These are very intriguing geophysical anomalies occurring in a highly prospective geological environment. All targets show characteristics equal or better than the anomaly coinciding with the Wim deposit. We are looking forward to seeing the drill core, said André C. Tessier, President and CEO of Murgor Resources.

About the Wim Extension Property:

Murgor acquired a 100% interest in the Wim Extension property through staking in 2007-2009. The property consists of 15 claims covering a total of 24.6 square kilometers. The Wim Extension property surrounds the Wim Deposit Property where Murgor also owns a 100% interest and HudBay Minerals owns a right of buyback of up to 65%. Both properties are located only 16 kilometers north of the Town of Snow Lake Manitoba where HudBay owns an operating mill that will be upgraded to treat the mineralization from the Lalor Lake Mine. 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.

In the past three years, Murgor increased the tonnage at Wim by a factor of 130% including a 60% increase in the contained copper and a 170% increase in the contained ounces of gold (based on a 2.0% copper equivalent cut-off grade). Furthermore more than 85% of the mineral resource has been upgraded to the Indicated category.

Metallurgical testing of the mineralization at the Wim deposit, showed that copper recoveries of 92% are achieved, producing a final high-grade copper concentrate averaging 32.6% copper.

The most recent 43-101 compliant resource estimate at the Wim deposit was announced by Murgor in a press release dated September 09, 2008 and the complete report is available at www.murgor.com. Current 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
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    CUT-OFF                               CONTAINED METAL(xx)
    GRADE*                Cu (lb)         Zn (lb)       Au (oz)      Ag (oz)
    -------------------------------------------------------------------------
    2.0% Cu Equiv      118,763,000      18,365,000      168,000      672,000
    2.5% Cu Equiv.      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
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    CUT-OFF                               CONTAINED METAL(xx)
    GRADE*                Cu (lb)         Zn (lb)       Au (oz)      Ag (oz)
    -------------------------------------------------------------------------
    2.0% Cu Equiv       11,013,000       4,228,000       30,000       73,000
    2.5% Cu Equiv.       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. 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.

André C. Tessier, P.Eng (Qc), P.Geo and President of Murgor Resources, is a Qualified Persons, as defined by NI-43-101 and is responsible for this news release and the technical information it contains.

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 the proposed financing, payments to HudBay, 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.

SOURCE Murgor Resources Inc.

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

Organization Profile

Murgor Resources Inc.

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890