Murgor starts drilling at the Wim deposit in northern Manitoba

    MONTREAL, Aug. 29 /CNW Telbec/ - Murgor Resources Inc. (MUG: TSX-V) is
pleased to announce that a preliminary phase of drilling has started at the
Wim property in northern Manitoba. This initial program will consist of ten
drill holes (including two wedges) for a minimum of 5,500 metres. This program
is part of a more extensive drilling program that will start in January of
2008, with an additional drill. The objective of the drilling is twofold:

    1. To initiate definition drilling of the Wim copper-gold deposit. This
       part of the program is designed to verify historical data by
       duplicating drill holes, and to verify the continuity of the
       mineralization by drilling infill holes on the existing ore lens.
       Ultimately, the objective of this part of the drilling program is to
       upgrade the copper-gold resource at Wim to Indicated and Measured
       categories, leading to a new NI 43-101 resource estimate and a
       feasibility study (planned for the third quarter of 2009).
    2. To expand the existing copper-gold resource at Wim by testing
       extensions of the ore lens and by testing high priority geological and
       geophysical targets on the property. Among others, Murgor will be
       testing geophysical anomalies, that have never been detected before or
       that have never been drill tested, from its recent helicopter borne
       VTEM and ground INFINITEM surveys.

    To access Wim PDF map, click here
    <a href=""></a>

    The Wim deposit consists of massive to semi-massive sulphide with
gold-bearing pyrite, chalcopyrite, pyrrhotite and minor sphalerite. To date,
the mineralized zone extends from 245 metres to 640 metres below surface, and
over a strike length of nearly 500 metres. The mineralized zone is up to 11
metres wide. The ore lens trends to the NW, is dipping 50 degrees towards the
NE, and has a general plunge of 40 degrees to the NW. The lens remains largely
open in all directions with true width intersections such as those below,
occurring at the edges of the currently interpreted lens:

      Drill hole WIM-111       2.05% Cu and 1.70 g/t Au over 5.51 metres
      Drill hole WIM-120       2.06% Cu and 1.14 g/t Au over 3.94 metres
      Drill hole WIM-118W1     7.01% Cu and 3.50 g/t Au over 1.46 metres
      Drill hole WIM-104       2.71% Cu and 4.56 g/t Au over 1.80 metres
      Drill hole WIM-98A       1.91% Cu and 1.16 g/t Au over 5.77 metres
      Drill hole WIM-114       2.10% Cu and 2.73 g/t Au over 1.66 metres

    In March of 2007, Murgor completed a NI 43-101 compliant resource estimate
of the Wim deposit and determined an Inferred Resource of:

    DEPOSIT      TONNAGE                         GRADE
                 (Tonnes)       Cu            Zn         Au           Ag
    WIM(*)     2,062,000      1.92%         0.26%      1.65 g/t     5.58 g/t

    DEPOSIT                                 CONTAINED METAL
                           Cu (lbs)      Zn (lbs)    Au (oz)      Ag (oz)
    WIM(*)              87,333,000    11,943,000    110,000      370,000
    (*) Based on 2% Copper equivalent cut-off grade. Base case Inferred
        Resource estimate based on assumed underground mining methods.

    Recent work by Murgor at the WIM property includes a 477 line kilometre
helicopter borne VTEM survey that covered the whole property and a 40 line
kilometre INFINITEM survey (a high resolution, time domain electro-magnetic
ground survey designed to detect conductors well in excess of 300 metres
vertical depths). The INFINITEM survey covered the Wim deposit and its
mineralized horizon over a strike length of 3.5 kilometres. One anomaly of
particular interest will be tested in the early course of this drilling
program. A sketch of the anomaly is shown attached to this press release on
Murgor's website at The anomaly is located on the Wim
mineralized horizon, 1.2 kilometre to the SE of the deposit. The anomaly was
never detected, and therefore never tested, in the past due to its depth.
    The Wim property is located approximately 16 kilometres north of the Town
of Snow Lake where HudBay Minerals currently operates a mill for its Chisel
North Mine. During the summer of 2007, Murgor built a drill road from Snow
Lake to the Wim deposit site that will allow year-round access to the
    Murgor is earning a 100% interest in the Wim property, optioned from
HudBay Minerals Inc. (HBM: TSX) in September of 2006, along with the Hudvam,
Wim, Abbott Lake and Tyr deposits. The Fon, Hudvam and Wim deposits have a
combined NI 43-101 compliant Inferred resource of: 7,798,000 metric tonnes of
ore, containing 143,150,000 pounds of copper, 430,251,000 pounds of zinc,
221,000 ounces of gold and 2,526,000 ounces of silver (see the complete table
of resources at the end of this press release). Murgor is also earning a 50%
interest from HudBay, in two large-scale grassroots projects covering 186,104
hectares of extremely prospective ground. All properties are located in the
Flin-Flon greenstone belt of Manitoba and Saskatchewan.
    The Wim Property, optioned from HudBay, covers approximately 12 square
kilometres but Murgor also holds a 100% interest in nine claims (not part of
the HudBay option) covering the strike extensions of the Wim deposit and
covering an additional 16 square kilometres.
    In other news: Murgor announces that, subject to regulatory approval, its
Board of Directors has approved an amendment to the corporation's 2004 Stock
Option Plan by reserving an additional 1,985,170 common shares for issuance
under the plan. As a result of the amendment, a total of 5,985,170 common
shares may be issued under the plan. There are currently 112,925,443 common
shares of Murgor issued and outstanding.

    Andre C. Tessier, P.Geo and President & CEO of Murgor Resources Inc. is
the Qualified Person responsible for this news release.

          TABLES OF MURGOR'S NI 43-101 RE

SOURCE TO DATE OF THE FON, HUDVAM AND WIM DEPOSITS ------------------------------------------------------------------------- ------------------------------------------------------------------------- DEPOSIT TONNAGE GRADE (Tonnes) Cu Zn Au Ag ------------------------------------------------------------------------- ------------------------------------------------------------------------- WIM(*) 2,062,000 1.92% 0.26% 1.65 g/t 5.58 g/t HUDVAM(*) 1,193,000 1.17% 1.71% 2.94 g/t 10.49 g/t FON(xx) 4,543,126 0.25% 3.73% - 10.88 g/t ------------------------------------------------------------------------- TOTAL(xxx) 7,798,000 ------------------------------------------------------------------------- ------------------------------------------------------------------------- ------------------------------------------------------------------------- ------------------------------------------------------------------------- DEPOSIT CONTAINED METAL Cu (lbs) Zn (lbs) Au (oz) Ag (oz) ------------------------------------------------------------------------- ------------------------------------------------------------------------- WIM(*) 87,333,000 11,943,000 110,000 370,000 HUDVAM(*) 30,778,000 44,720,000 111,000 403,000 FON(xx) 25,039,440 373,588,445 - 1,752,761 ------------------------------------------------------------------------- TOTAL(xxx) 143,150,000 430,251,000 221,000 2,526,000 ------------------------------------------------------------------------- ------------------------------------------------------------------------- (Fon 43-101 result published on Feb. 20, 2007, and Hudvam 43-101 result published on Feb. 28, 2007) (*) Based on 2% Copper equivalent cut-off grade. Base case Inferred Resource estimate based on assumed underground mining methods. (xx) Based on 1% Zinc cut-off grade. Converted to metric tonnes. (xxx) Figures rounded to nearest 1,000. 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
or contact: André C. Tessier, President & CEO, MURGOR RESOURCES INC., (613)
546-7503 or 1-888-891-3330, Fax: (613) 546-7318,, Web site:

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