KINGSTON, ON, Sept. 24 /CNW Telbec/ - Murgor Resources Inc. (MGR: TSX-V) today announced assay results from a mechanical trenching and geochemical sampling program at its 100% owned Fancamp Gold Property in northwestern Quebec.
The program was carried-out in August of 2009 and consisted of five large trenches which uncovered a wide, NE-trending, gold-bearing deformation corridor believed to be the Fancamp Deformation Zone or a possible subsidiary structure. Two of the trenches returned high-grade gold mineralization over mineable widths.
The Northeast Trench uncovered two parallel, NE-trending gold-bearing structures, located 15 meters apart, and traced for over 35 meters along strike. The West Structure is a new discovery whereas the East Structure uncovered the south extension of a previously known gold occurrence where channel sampling had previously returned assays of up to 9.3 g/t Au over 8.2 meters. The South Trench exposed a similar structure located 325 meters to the SW and on strike with the Northeast Trench.
Channel samples were collected across the general trend of the shear zone or across the fold hinges and returned the following values:
- 10.40 g/t Au over 4.30 meters
- 5.21 g/t Au over 5.60 meters
- 18.03 g/t Au over 1.60 meters
- 5.75 g/t Au over 0.90 meters
- 6.69 g/t Au over 1.40 meters
- 13.05 g/t Au over 0.80 meters
- 18.90 g/t Au over 1.00 meters
- 7.67 g/t Au over 1.00 meters
- 5.71 g/t Au over 0.98 meters
The gold mineralization is hosted in NE-trending, high-strain zones that have been folded within the deformation corridor. Higher gold grades are typically encountered within the hinges of the folds. Gold occurs in foliation-parallel quartz-carbonate veins with visible gold. Gold also occurs in the pyritic wallrocks of the veins.
"It is the first time the folds have been mapped and recognized as an important structural control to the gold mineralization in the area." said André Tessier, President and CEO of Murgor Resources. "This new understanding will help us to better target our future exploration. In fact, a detailed interpretation of a ground magnetic survey data has already identified a number of similar targets on the property."
Murgor is embarking on a follow-up exploration program immediately at Fancamp. A detailed helicopter-borne magnetic/VLF survey was completed last week and follow-up exploration work will include a reinterpretation of the magnetic data to confirm the new targets on the property and may lead to additional mechanical trenching and a diamond drilling program.
About the Fancamp Property:
The 100% Murgor owned Fancamp property covers 43 claims (1,712 ha) located approximately 55 kilometers south of the town of Chibougamau in northwestern Québec.
The property covers a six kilometer strike length of the Fancamp Deformation zone which is host to the Chevrier Gold deposit (1.1Mt @ 6.4 g/t Au and 230Mt @ 0.3 g/t Au), five kilometers NE of the Fancamp Property.
In the mid-80's, trenching, diamond drilling and limited underground development by Murgor yielded results such as: 10.6 g/t Au over 12.2 meters channel sample, 9.3 g/t Au over 8.2 meters channel sample and 4.60 g/t Au over 3.05 meters drill core.
Murgor returned to the Fancamp Property in 2004 after a 16 year exploration hiatus, following a change in management.
About Murgor Resources
Murgor Resources Inc. is a mineral exploration and development company focused on copper, zinc and gold deposits. The company owns a 100% interest in the Wim and Hudvam deposits, adjacent to the Snow Lake and Flin Flon mining districts. 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.
Dr. Jean-Philippe Desrochers, P.Geo. and Vice-President of Exploration for Murgor Resources Inc. is a Qualified Person as defined by NI-43-101 that supervised the field work reported in this press release and reviewed 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 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: firstname.lastname@example.org, Web site: www.murgor.com