![]() ![]() ![]()
|
![]()
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 (at) 6.4 g/t Au and 230Mt (at) 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.For further information PLEASE 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 |
|||||||||||||||||||||||||||||||||||||||||
| Legal | © 2010 murgor. All rights reserved. | |||||||||||||||||||||||||||||||||||||||||