Past Coverages
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Welcome to Murgor ResourcesMurgor Resources Inc. (TSX: MGR-V) is a Canadian mineral exploration company based in Kingston, Ontario and focused on the exploration for gold, copper, zinc and silver in Canada. Options With Hudbay Minerals in the Flin Flon VMS Belt. In 2006 (1,2) Murgor forged a strategic alliance with Hudbay Minerals Inc. whereby it is earning 100% interests in Wim, Hudvam, and Fon deposits in the Flin Flon VMS Belt of Manitoba and Saskatchewan . In less than two years and after $12 million in exploration expenditure, Murgor has increased its NI 43-101-compliant resource to 9.1 million metric tonnes of sulphide ore with a mineral inventory in excess of: 444 million lb of Zinc HudBay Minerals (TSX:HBM-T), has operating mines and mills in both Flin Flon and Snow Lake and a copper smelter 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. Windfall Gold Joint Venture with Noront Resources and Metanor Resources in Abitibi Murgor owns a 25% interest in the Windfall Gold property, adjacent to Noront's windfall lake property south of the Chibougamau Mining District in Urban Township (Abitibi Region), Quebec . The project is currently operated by Noront Resources Ltd (TSX:NOT-V) (50%). In October 2004, Murgor discovered three gold mineralized zones at Windfall by trenching and drilling and a total of 13,000 meters of drilling has been completed since with highlights: In late 2006, approximately 200 metres south of the Windfall property, Noront Resources intersected Bonanza-grade mineralization of 1,327.9 g/t (42.8 ounces) Gold over a 4.80 metre interval. The result prompted Noront to option part of Murgor's property and initiated a $12 million underground bulk sampling exploration program. Murgor currently receives 1% Net-Smelter-Return royalty payments from the Barry Gold Mine in Quebec where partner Metanor Resources plans to produce 30,000 oz Au in 2009. 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.
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