Welcome!

News Feed Item

Murgor Outlines Gold In Soil Anomalies On Strike With The Campbell-red Lake Mine At Its Gullrock Property, Ontario

  • Four stand-out gold in soils anomalies are defined coinciding with IP anomalies.
  • Quartz veins of the Fox Farm occurrence returning up to 10.1% Zn and 1.72% Pb.

KINGSTON, ON, Aug. 18, 2014 /CNW/ - Murgor Resources Inc. (TSX-V: MGR) ("Murgor") released today the preliminary results from a soil geochemistry exploration program carried-out at its 100% owned Gullrock property in Red Lake, Ontario.  The soil geochemistry survey consisted of 535 samples of B-horizon soils located immediately east of Gullrock Lake, approximately 10 kilometres on strike with the Campbell-Red Lake Mine and within a SE-trending structure known as "the Mine Trend".  The soil geochemistry survey covered the same area covered previously by an Induced Polarization geophysical survey and at least four geochemical anomalies coincide with geophysical anomalies.

"We're very pleased with these results at Gullrock," said Andre Tessier, President and CEO of Murgor Resources.  "It's always exciting when you can outline robust soil geochemical anomalies with geophysical anomalies.  The fact that these anomalies are on strike with the Campbell-Red Lake deposit makes them that much more exciting."   

Highlights from the four gold-in-soil anomalies are as follows:

1) Anomaly A

  • 500m of strike length and up to 100m in width (open to the west).
  • Gold values from 2 to 35 times background.
  • Coinciding anomalies in Ag, Te, Sn, As and Cu.
  • Coinciding with a suspected weak Induced Polarization (IP) anomaly.

2) Anomaly B

  • 500m of strike length and up to 150m in width.
  • Gold values from 2 to 40 times background.
  • Coinciding anomalies in As, Pb and Cu.
  • Coinciding with a weak chargeability and strong resistivity IP anomaly.

3) Anomaly C

  • Complex shape anomaly 300m x 250m in size.
  • Gold values from 2 to 28 times background.
  • Coinciding anomalies in Ag, As, Sb and Pb.
  • Coinciding with a complex array of 3 IP anomalies with chargeability ranging from weak to strong and resistivity ranging from weakly conductive to resistive..

4) Anomalies D (east and west)

  • Each 100m of strike length and up to 50m in width.
  • Gold values from 7 to 32 times background.
  • Coinciding anomalies in Te, As, and locally Ag, Pb and Sb.
  • Coinciding with a strong chargeability and conductive IP anomaly.

 

In addition to the soil geochemistry survey, Murgor also carried out limited lithogeochemical sampling surrounding the Fox Farm occurrence, located immediately south of the soil survey area.  The Fox Farm occurrence consists of quartz-carbonate veins laminated to brecciated, up to 20cm in width.  Strike lengths are unknown.  Highlights from this sampling include:

1) Grab samples returning assays of:
(grab samples are selective by the nature and are not necessarily representative of the mineralization in the zone)

  • 10.1% Zn and 1.72% Pb
  • 4.31% Zn and 2.80% Pb
  • 1.21% Zn and 1640ppm Pb
  • 1.82% Pb and 1430ppm Zn
  • 1.32% Pb and 4560ppm Zn.

Future work is planned at Gullrock contingent on financing availability.

Please visit www.murgor.com for new figures and maps of the soil and IP surveys at the Gullrock property under the "Project" tab.  The figures will also be attached to this press release at www.murgor.com under the "Press Releases" tab.

About the Gullrock Property

Gullrock Property consist of twelve mining claims covering 1,905 hectares adjoining Goldcorp's Red Lake property to the east, ten kilometres on strike with the Campbell-Red Lake Gold Mine.  The Gullrock Property covers a strike extent of over seven kilometres of what is known as the "Mine Trend", a structural lineament that hosts the Campbell-Red Lake, Cochenour-Willans and MacKenzie Gold Mines where more than 20 million ounces of gold have been mined to date.  The Gullrock Property also covers the same stratigraphic units as the Campbell-Red Lake Mine, including mafic and ultramafic volcanic rocks of the prolific Balmer Assemblage, immediately north of the unconformity with the younger rocks of the Confederation Assemblage.  The Balmer Assemblage hosts all the major producers of the Red Lake Belt.  Despite the geological setting of the Gullrock Property which is very similar to the Campbell-Red Lake Mine setting, the Gullrock Property has seen very limited exploration work and its exploration potential is deemed excellent. 

About Murgor Resources

Murgor Resources Inc. is a mineral exploration and development Company focused on gold and copper exploration in Canada.  The company owns a 100% interest in two gold-copper deposits in the Snow Lake and Flin Flon mining districts of Manitoba and a 40% interest in the Golden Arrow Gold Mine in Ontario.  The Company further owns an exceptional portfolio of high potential gold properties in proven mining districts of Canada, such as its newly acquired Wydee Property.  The company currently has a working capital of nearly $800,000 in cash and securities to finance its exploration activities.

The table below shows the total 43-101 resource for Murgor's Hudvam and Wim deposits.













INDICATED RESOURCE

Project

Tonnage

Grade*

Metal Content


Metric Tonnes

Cu %

Zn%

Au g/t

Ag g/t

Cu (lb)

Zn (lb)

Au (oz)

Ag (oz)


Hudvam

854,076

1.22

1.78

3.82

13.84

23,007,640

33,541,359

104,930

379,928


Wim

2,776,787

1.94

0.3

1.88

7.53

118,762,524

18,365,339

167,838

672,246


TOTAL

3,630,863





141,770,164

51,906,698

272,768

1,052,174














INFERRED RESOURCE

Project

Tonnage

Grade*

Metal Content


Metric Tonnes

Cu %

Zn%

Au g/t

Ag g/t

Cu (lb)

Zn (lb)

Au (oz)

Ag (oz)


Hudvam

502,901

0.79

1.33

3.25

6.96

8,758,802

14,745,831

52,548

112,534


Wim

445,999

1.12

0.43

2.11

5.06

11,012,528

4,228,024

30,256

72,556


TOTAL

948,900





19,771,330

18,973,856

82,804

185,090



* Based on a 2.0% copper equivalent cut-off grade.

















Using US$1.75 per lb Copper, US$0.80 per lb Zinc, US$700 per oz Gold and US$10 per oz Silver.
For statement of resources, see Murgor Press Releases:  Aug. 28, 2008 for Hudvam and Sept. 09, 2008 for Wim.

The technical information in this news release has been reviewed by Mr. Andre C. Tessier, P.Geo, a qualified person in accordance with Canadian regulatory requirements as set out in National Instrument 43-101.  Geochemical analyses were performed at Activation Laboratories Ltd in Thunder Bay Ontario.  Gold was analyzed by fire assay with Atomic Absorption finish while all other elements were analyzed by total digestion ICP.  Any assay greater than  3000ppb were redone with fire assay and finished using a gravimetric micro balance. To know more about Murgor's QA/QC procedure, please visit www.murgor.com/corporate-responsibility/quality-assurance-and-quality-control-qaqc-procedures.

FOR FURTHER INFORMATION ON MURGOR AND THE WYDEE PROPERTY, PLEASE VISIT MURGOR'S WEBSITE AT WWW.MURGOR.COM OR CONTACT:

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.

SOURCE Murgor Resources Inc.

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Things are changing so quickly in IoT that it would take a wizard to predict which ecosystem will gain the most traction. In order for IoT to reach its potential, smart devices must be able to work together. Today, there are a slew of interoperability standards being promoted by big names to make this happen: HomeKit, Brillo and Alljoyn. In his session at @ThingsExpo, Adam Justice, vice president and general manager of Grid Connect, will review what happens when smart devices don’t work togethe...
Building a cross-cloud operational model can be a daunting task. Per-cloud silos are not the answer, but neither is a fully generic abstraction plane that strips out capabilities unique to a particular provider. In his session at 20th Cloud Expo, Chris Wolf, VP & Chief Technology Officer, Global Field & Industry at VMware, will discuss how successful organizations approach cloud operations and management, with insights into where operations should be centralized and when it’s best to decentraliz...
SYS-CON Events announced today that Juniper Networks (NYSE: JNPR), an industry leader in automated, scalable and secure networks, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Juniper Networks challenges the status quo with products, solutions and services that transform the economics of networking. The company co-innovates with customers and partners to deliver automated, scalable and secure network...
Deep learning has been very successful in social sciences and specially areas where there is a lot of data. Trading is another field that can be viewed as social science with a lot of data. With the advent of Deep Learning and Big Data technologies for efficient computation, we are finally able to use the same methods in investment management as we would in face recognition or in making chat-bots. In his session at 20th Cloud Expo, Gaurav Chakravorty, co-founder and Head of Strategy Development ...
DevOps is often described as a combination of technology and culture. Without both, DevOps isn't complete. However, applying the culture to outdated technology is a recipe for disaster; as response times grow and connections between teams are delayed by technology, the culture will die. A Nutanix Enterprise Cloud has many benefits that provide the needed base for a true DevOps paradigm. In his Day 3 Keynote at 20th Cloud Expo, Chris Brown, a Solutions Marketing Manager at Nutanix, will explore t...
Imagine having the ability to leverage all of your current technology and to be able to compose it into one resource pool. Now imagine, as your business grows, not having to deploy a complete new appliance to scale your infrastructure. Also imagine a true multi-cloud capability that allows live migration without any modification between cloud environments regardless of whether that cloud is your private cloud or your public AWS, Azure or Google instance. Now think of a world that is not locked i...
Technology innovation is the driving force behind modern business and enterprises must respond by increasing the speed and efficiency of software delivery. The challenge is that existing enterprise applications are expensive to develop and difficult to modernize. This often results in what Gartner calls "Bimodal IT," where business struggle to apply modern tools and practices to traditional monolithic applications. But these existing assets can be modernized and made more efficient without havin...
Most companies are adopting or evaluating container technology - Docker in particular - to speed up application deployment, drive down cost, ease management and make application delivery more flexible overall. As with most new architectures, this dream takes a lot of work to become a reality. Even when you do get your application componentized enough and packaged properly, there are still challenges for DevOps teams to making the shift to continuous delivery and achieving that reduction in cost...
SYS-CON Events announced today that SoftLayer, an IBM Company, has been named “Gold Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. SoftLayer, an IBM Company, provides cloud infrastructure as a service from a growing number of data centers and network points of presence around the world. SoftLayer’s customers range from Web startups to global enterprises.
SYS-CON Events announced today that Auditwerx will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Auditwerx specializes in SOC 1, SOC 2, and SOC 3 attestation services throughout the U.S. and Canada. As a division of Carr, Riggs & Ingram (CRI), one of the top 20 largest CPA firms nationally, you can expect the resources, skills, and experience of a much larger firm combined with the accessibility and attent...
SYS-CON Events announced today that Technologic Systems Inc., an embedded systems solutions company, will exhibit at SYS-CON's @ThingsExpo, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Technologic Systems is an embedded systems company with headquarters in Fountain Hills, Arizona. They have been in business for 32 years, helping more than 8,000 OEM customers and building over a hundred COTS products that have never been discontinued. Technologic Systems’ pr...
SYS-CON Events announced today that CA Technologies has been named “Platinum Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY, and the 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. CA Technologies helps customers succeed in a future where every business – from apparel to energy – is being rewritten by software. From ...
SYS-CON Events announced today that HTBase will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. HTBase (Gartner 2016 Cool Vendor) delivers a Composable IT infrastructure solution architected for agility and increased efficiency. It turns compute, storage, and fabric into fluid pools of resources that are easily composed and re-composed to meet each application’s needs. With HTBase, companies can quickly prov...
SYS-CON Events announced today that Loom Systems will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Founded in 2015, Loom Systems delivers an advanced AI solution to predict and prevent problems in the digital business. Loom stands alone in the industry as an AI analysis platform requiring no prior math knowledge from operators, leveraging the existing staff to succeed in the digital era. With offices in S...
In his session at Cloud Expo, Alan Winters, an entertainment executive/TV producer turned serial entrepreneur, will present a success story of an entrepreneur who has both suffered through and benefited from offshore development across multiple businesses: The smart choice, or how to select the right offshore development partner Warning signs, or how to minimize chances of making the wrong choice Collaboration, or how to establish the most effective work processes Budget control, or how to max...