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Geological map of the Flin Flon greenstone belt showing the location of the Wim property.
Landsat image of the Wim property showing the location of 2007 exploration work as at July 15, 2007.
Core photo
Geological map of the Wim property.
Cross-section of the Wim deposit looking south-east.
Longitudinal section of the Wim deposit from previous workers, showing areas where the limits of the ore lens have not been defined to date and other areas where the mineralized horizon remains untested
(Targets 1 to 5).
Magnetic map of the Wim property with VTEM conductors and possible targets to be tested in 2009.
Construction of a drill road (and helicopter pads) to the Wim property. The new drill road now provide year round
access to the project.
Murgor crew examining the core at Wim
Typical mineralization of the Wim deposit.
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Wim
(latest update May 25, 2010)
 43-101 (file size: 5.15 MB)
 Location:
The Wim property is located in Manitoba, approximately 16 kilometres north of the town of Snow Lake where HudBay operates a mill that is currently operating at approximately 25% capacity. The property is accessible year round via a drill road built by Murgor in 2007, from the Town of Snow Lake.
The close proximity of the Wim deposit to existing infrastructure, combined with the shallow depth of the mineralization will allow for a quick development of the project with low capital expenditure and a minimal environmental footprint.
Status:
- Murgor has earned 100% interest in the Wim Property from HudBay Minerals Inc. by having spent $5 million and made a payment to Hudbay of $2.0 million. HudBay Minerals Inc. retains a buy back right of up to 65% or a 2% net smelter return (NSR) royalty.
- Murgor also holds a 100% interest in 11 claims covering the strike extensions of the Wim deposit. This portion of the property covers an additional 19 square kilometres.
Resource:
Since optioning the property from HudBay, Murgor has increased the resource at Wim by a factor of 230%, and has brought more than 85% of the new resource to the Indicated category (necessary to proceed to feasibility study). The current 43-101 compliant resource is shown in the table below.
The most recent 43-101-compliant resource estimate is as follows:
INDICATED CATEGORY
|
Cut-Off
Cu Equiv* |
Tonnage |
Grade |
Contained Metal** |
| Cu |
Zn |
Au |
Ag |
Cu (lb) |
Zn (lb) |
Au (oz) |
Ag (oz) |
|
| 2.0% |
2,776,787 |
1.94% |
0.30% |
1.88 g/t |
7.53 g/t |
118,763,000 |
18,365,000 |
168,000 |
672,000 |
| 2.5% |
1,805,382 |
2.20% |
0.35% |
2.30 g/t |
8.56 g/t |
87,564,000 |
13,931,000 |
134,000 |
497,000 |
|
* Copper equivalent grade base on US$1.75 per lb Copper, US$0.80 per lb Zn, US$700 per oz Au and US$10 per oz Ag.
** Figures rounded to nearest 1,000. |
INFERRED CATEGORY
|
Cut-Off
Cu Equiv* |
Tonnage |
Grade |
Contained Metal** |
| Cu |
Zn |
Au |
Ag |
Cu (lb) |
Zn (lb) |
Au (oz) |
Ag (oz) |
|
| 2.0% |
445,999 |
1.12% |
0.43% |
2.11 g/t |
5.06 g/t |
11,013,000 |
4,228,000 |
30,000 |
73,000 |
| 2.5% |
219,310 |
1.22% |
0.47% |
2.57 g/t |
5.55 g/t |
5,899,000 |
2,272,000 |
18,000 |
39,000 |
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* Copper equivalent grade base on US$1.75 per lb Copper, US$0.80 per lb Zn, US$700 per oz Au and US$10 per oz Ag.
** Figures rounded to nearest 1,000. |
The total metal content of the deposit stands at 129,776,000 pounds of copper, 22,593,000 pounds of zinc, 198,000 ounces of gold and 745,000 ounces of silver using a 2% copper equivalent cut off grade with metal prices at US$1.75 per pound for copper, US$0.80 per pound for zinc, US$700 per ounce for gold and US$10.00 per ounce for silver.
Metals Recovery:
Excellent Metal Recoveries.
- Copper Recoveries: 92%
- Gold Recoveries: Pending Snow Lake Mill Specifications
- High-Grade Copper Concentrate: 32.6% Copper
Description of the Property:
The property covers approximately 30 square kilometres in two claim groups. A very broad halo of intensely altered rocks is observed on the property and over eight kilometres of prospective stratigraphy needs to be explored in more detail. The property is accessible year round via a drill road built by Murgor in 2007, from the Town of Snow Lake.
Mineralization:
The Wim deposit consists of one large ore lens of volcanogenic origin. Mineralization consists of massive to semi-massive sulphide consisting of pyrite, chalcopyrite, pyrrhotite and sub-ordinate sphalerite. To date, the mineralized zone, extends from 725 metres below surface, and over a strike length of nearly 750 metres. The lens remains largely open at depth and down-plunge (see long section). The ore lens is conformable to stratigraphy, trends to the NW at approximately 310° az. and is dipping 45°-50° towards the NE. The general plunge of the ore lens is 40° to the NW. The mineralized zone is up to 15 metres wide (more on mineralization).
2007-2008 exploration results:
Murgor conducted a very extensive exploration program at the Wim property in the last two years. Drilling programs significantly increased the economic potential of the deposit by increasing the 43-101 compliant resource by a factor of 230% and by extending the ore lens to surface.
At the deposit-scale, Murgor completed 61 drill holes on the property for a total of over 18,266 metres. The new resource estimate at Wim also takes into account 68 historical drill holes on the deposit that were validated by Murgor.
At the property-scale, a multi-disciplinary exploration program defined 8 new geophysical targets in geologically favourable areas (see map). The new targets emerged from the integration of a 477 line kilometre helicopter borne VTEM survey performed in 2007, with a new geological interpretation of the area.
Seven of the new targets occur on ground that is 100% owned by Murgor with one target straddling the property boundary between the HudBay option with Murgor and Murgor's 100% owned property (see map).
Metallurgy:
Murgor completed a preliminary metallurgical study of the Wim deposit ore in 2008. The study showed that copper recoveries averaging 92% from the feed producing a high-grade copper concentrate averaging 32.6% copper. At this time, test work is incomplete to report gold recoveries at Wim.
Future Work:
The close proximity of the Wim deposit to existing infrastructure, combined with the shallow depth of the mineralization will allow for a quick development of the project with low capital expenditure and a minimal environmental footprint.
In 2009, Murgor plans to drill- test a number of new VTEM exploration targets that were outlined on its 100% owned Wim Extension property.
HudBay has put Chisel North mine and the Snow Lake mill on care of maintenance pending higher metal prices. HudBay plans to reactivate the Snow Lake Mill once the 20 million tonne Lalor Lake deposit is ready for production.
Murgor plans carry-out a feasibility study at the Wim once Snow Lake Mill is reactivated, when Hudbay's near by new Lalor Lake mine commences production in 2010 .
Related News Releases:
| Jun 10, 2010 |
Murgor Acquires 40,000 Hectares Mineral Exploration License South of Snow Lake, Manitoba. |
| Feb 9, 2010 |
Murgor Resources starts drilling copper-gold targets at the Wim-Extension property in Snow-Lake Manitoba |
| Sep 17, 2009 |
Murgor earns 100% interest from HudBay at the Wim copper-gold and Hudvam gold-copper-zinc deposits in Manitoba |
| Sep 18, 2008 |
Murgor Announces Metallurgical Results at the Hudvam and Wim Deposits in Manitoba |
| Sep 9, 2008 |
Murgor's New NI 43-101 Resource Estimate Increases the Wim Copper-Gold Deposit by 130% |
| Jun 27, 2008 |
Summary of Recent Exploration Developments in Manitoba, Saskatchewan and Quebec |
| Jun 18, 2008 |
Murgor Announces a Significant Size Increase of the Wim Copper-Gold Deposit in Manitoba |
| Apr 01, 2008 |
Murgor Drilling Extends the New Upper Zone of the Wim Copper-Gold Deposit in Manitoba |
| Mar 13, 2008 |
Murgor Discovers a New Extension of the Copper-Gold Resource Closer to Surface at the Wim Deposit in Manitoba |
| Feb 26, 2008 |
Murgor Completes Work Commitments to Earn a 100% Interest in the Hudvam and Wim Copper-Gold Projects in Northern Manitoba |
| Jan 24, 2008 |
Murgor Drilling Extends the Wim Copper-Gold Deposit in Northern Manitoba |
| Jan 17, 2008 |
Murgor Starts Drilling at Win and Hudvam, and Defines New Targets Adjacent to the Wim Deposit in Northern Manitoba |
| Nov 15, 2007 |
Murgor Retains Golder Associates For Preliminary Feasibility Studies on the Hudvam and Wim Deposits in the Flin Flon Belt, Manitoba |
| Oct 16, 2007 |
Murgor Drill Hole #3 Extends the Wim Copper-Gold Deposit by 120 Meters in Northern Manitoba |
| Oct 10, 2007 |
Murgor Drilling Extends Wim Copper-Gold Deposit |
| Aug 29, 2007 |
Murgor Starts Drilling at the Wim Deposit in Murgor Starts Drilling at the Wim Deposit in |
| Mar 13, 2007 |
Murgor NI 43-101 Resource Estimate Shows Larger Copper-Gold |
| Nov 20, 2006 |
Murgor Hires Wardrop and AMEC for Five 43-101 Estimates in the Flin Flon Belt. |
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