Murgor Resources Inc. (TSX: MGR-V) is a Canadian mineral exploration company based in Kingston, Ontario with a focus on gold and copper exploration in Canada. The Corporation also has exposure to zinc and silver as significant bi-products contained in its deposits.

Murgor explores in the most prolific and mining-friendly jurisdictions of the world such as the Timmins and Red Lake Gold Districts of Ontario, the Chibougamau Gold-Copper Mining District in Quebec and the Flin Flon Belt of Manitoba.

Murgor’s Golden Arrow Gold Mine Project near Timmins, Ontario.

On November 2nd, 2010,Murgor announced its intention to acquire up to a 70% interest on the Golden Arrow Gold Mine; a gold deposit that produced 279,000 tons @ 0.06 oz per ton (2.1 g/t) in 1981-82 by open pit, until production was halted due to falling gold prices.

The Golden Arrow Mine is located halfway between the two most prolific gold mining districts in Canada; the Porcupine Gold District near Timmins (67 million ounces of Gold produced) and the Kirkland Lake-Kerr Addison Gold District (37 million ounces of Gold produced). The Mine is also located five kilometres from the past producing Ross Gold Mine (1M ounces of gold produced from 1936 to 1989)

The Golden Arrow Gold Mine will be the main focus of Murgor’s exploration and development endeavours in 2011 and 2012.

Murgor’s Copper-Gold Projects in the Flin Flon VMS Belt in Manitoba.

Murgor owns a 100% interest in the Wim and Hudvam copper-gold deposits in the Flin Flon VMS Belt of Manitoba, following a strategic alliance forged in 2006 with Hudbay Minerals Inc. HudBay Minerals has a right to earn back up to 65% of the resources provided it brings the deposits to production and financially carries Murgor to production. Both Wim and Hudvam deposits are at the feasibility-stage.

During the last 3 years of earn-in period, Murgor has increased the NI 43-101-compliant resource of the Wim and Hudvam deposits to a combined 4.6 million metric tonnes of copper-gold & zinc sulphide ore with a mineral inventory in excess of:

186 million lb of Copper
356,000 oz of Gold
52 million lb of Zinc
1.2 million oz of Silver

HudBay Minerals (TSX:HBM-T), has operating mines and mills in both Flin Flon and Snow Lake and a zinc plant in Flin Flon. Metallurgical studies completed by Murgor in 2008 confirm that the ore from Hudvam and Wim can be treated at the nearby Flin Flon and Snow Lake mills with excellent recoveries, while producing a high-grade, gold-rich copper concentrate.

Murgor’s Other Eastern Canada Gold Projects.

Murgor owns a 100% interest in the Gullrock property, located one kilometre east of Goldcorp’s Campbell Red Lake property in the Red Lake Gold District of Ontario. The Gullrock property covers five kilometres of the “Mine Trend” structure, from which more than 20 million ounces of gold have been mined to date at the Campbell-Red Lake, Cochenour-Willans and the MacKenzie Gold Mines where. Murgor is actively exploring the property since early 2010.

Murgor also owns a 100% interest in the Waconichi Gold property located immediately north of the of the prolific Chibougamau mining district (3B lb Copper & 6.7M oz Gold). Waconichi is a grassroots exploration project covering 15,615 hectares of a large EW-trending shear zone north of the location where a glacial erratic boulder assaying2,052 g/t gold (60 oz/t gold) is described; the source of which has never been located. Limited exploration in the area also outlined numerous gold occurrences, including grab samples of 6.50 /t Au, 6.09 g/t Au, 3.94 g/t Au, 2.6 g/t Au and 2.4 g/t Au. Active exploration is currently taking place at Waconichi.

Murgor currently receives a 1% Net-Smelter-Return royalty from the Barry Gold Mine in Quebec where partner Metanor Resources has produced over 40,000 oz Au to date. Metanor announced a new 43-101 resource estimate at Barry in the fall of 2010 showing a total resource of 780,000 oz.

Click here to find out more about the Gullrock Gold Property and the Barry Gold Mine.

At current market capitalization, Murgor represents exceptional value. Please visit our latest presentation and fact sheet for the most current information on the exciting opportunities at Murgor.