MURGOR
TRENCHING RETURNS 10.40 g/t GOLD OVER 4.30 METERS AT THE FANCAMP GOLD PROPERTY
IN NORTHWESTERN QUEBEC
KINGSTON, ON, Sept. 24, 2009 - Murgor
Resources Inc. (MGR: TSX-V) today announced assay results from a mechanical
trenching and geochemical sampling program at its 100% owned Fancamp Gold
Property in northwestern Quebec.
The program was carried-out in August of 2009 and consisted of
five large trenches which uncovered a wide, NE-trending, gold-bearing
deformation corridor believed to be the Fancamp Deformation Zone or a possible
subsidiary structure. Two of the trenches returned high-grade gold
mineralization over mineable widths.
The Northeast Trench uncovered two parallel, NE-trending
gold-bearing structures, located 15 meters apart, and traced for over 35 meters
along strike. The West
Structure is a new discovery whereas the East Structure uncovered
the south extension of a previously known gold occurrence where channel
sampling had previously returned assays of up to 9.3 g/t Au over 8.2 meters.
The South Trench exposed
a similar structure located 325 meters to the SW and on strike with the
Northeast Trench.
Channel samples were collected across the general trend of the
shear zone or across the fold hinges and returned the following values:
West Structure:
- 10.40 g/t Au over 4.30
meters
- 5.21 g/t Au over 5.60
meters
- 18.03 g/t Au over 1.60
meters
- 5.75 g/t Au over 0.90
meters
East Structure:
- 6.69 g/t Au over 1.40
meters
- 13.05 g/t Au over 0.80
meters
South Trench:
- 18.90 g/t Au over 1.00
meters
- 7.67 g/t Au over 1.00
meters
- 5.71 g/t Au over 0.98
meters
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 Andr� 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 Qu�bec.
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.
For
further information please visit Murgor's website at www.murgor.com or or
contact
Andr� 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
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.
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