| | Publié le 31 mars 2008 | AND JOINT VENTURE PARTNER AWAIT GEOCHEMICAL RESULTS F |
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Hi 24hGold .,
MURGOR AND JOINT VENTURE PARTNER AWAIT GEOCHEMICAL RESULTS FROM FIFTEEN DRILL HOLES AT THE MISHIBISHU GOLD PROPERTY, ONTARIO
Montreal, Quebec, March 31, 2008. Murgor Resources Inc. ( MGR: TSX-V) today announced, jointly with Trelawney Resources Inc. ( TRR: TSX-V), that Trelawney has completed a total of 3,259 metres from a 5,000 metre drilling program at the 100% Murgor owned Mishibishu property located 60 km northwest of Wawa, Ontario. So far, Trelawney has completed 15 diamond drill holes and assay results are expected within two weeks. The ongoing 5,000 metre drilling program is testing several targets identified by soil sampling, prospecting, channel sampling and/or Induced Polarization surveys. A map showing the sampled areas and geological description of the drill targets can be viewed on the Trelawney’s website at www.trelawneyresources.com/prop-Mishi.htm. Please refer to today’s press release by Trelawney for additional technical information.
The Mishibishu Lake property straddles the Dorset property to the northwest, south and to the southeast. Trelawney has completed 92 drill holes for a total of 15,834 metres along the Dorset Zone. The Zone strikes in an east-west direction, has a minimum strike length of 750 metres and is open at depth. Trelawney recently completed a NI 43-101 compliant resource estimate on the Dorset Zone and the initial estimates are listed on Trelawney’s press release of today. The complete report can be viewed on www.sedar.com under the Trelawney company profile.
Andre C. Tessier, President and CEO of Murgor Resources Inc. said, “ Murgor is very pleased with its joint venture partnership with Trelawney. The Mishibishu property continues to show excellent results. Murgor is proud to count on partners such as Trelawney, Noront, Metanor, Geodex and Teck Cominco to explore and finance its eastern Canada gold projects while the company is concentrating on its core assets in Manitoba and Saskatchewan.”
Trelawney is currently earning a 50% interest in the Mishibishu property by incurring $1.5 million in exploration expenditures, making aggregate cash payments of $200,000 and delivering 750,000 shares of Trelawney to Murgor. Trelawney can earn an additional 25% interest in the property by delivering 400,000 shares of Trelawney to Murgor and by completing a feasibility study on the property.
The Mishibishu property consists of 114 mining claim units that cover 4,560 acres in north-western Ontario, 60 kilometres west of the town of Wawa and 10 kilometres north of Lake Superior. The Property is located in the Archean Mishibishu Greenstone Belt, and covers a ten kilometre strike length of the Mishi Creek Deformation Zone and a three kilometre strike length of the Rook Lake Deformation Zone, six kilometres north of the producing Eagle River gold mine.
The technical information presented in this press release is taken directly from today’s press release by Trelawney Resources Inc. Robert Duess, P. Geo. is a "Qualified Person" as defined in National Instrument 43-101 and is responsible for the technical information presented in today’s press release for Trelawney Resources.
FOR FURTHER INFORMATION PLEASE VISIT MURGOR’S WEBSITE AT WWW.MURGOR.COM OR 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
Or
Michael Joyner
Investor Relations - The Equicom Group
Tel: (416) 815-1700 ext. 275 or 1-800-385-5451
E-mail: mjoyner@equicomgroup.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.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release.
Données et statistiques pour les pays mentionnés : Canada | Tous Cours de l'or et de l'argent pour les pays mentionnés : Canada | Tous
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PRODUCTEUR |
CODE : MGR.V |
ISIN : CA62660P4024 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Murgor est une société de production minière de zinc et de cuivre basée au Canada. Murgor détient divers projets d'exploration au Canada. Son principal projet en production est FLIN-D au Canada et ses principaux projets en exploration sont GOLDEN ARROW MINE, BARRY - URBAN (EAGLE RIVER), CLAY LAKE, NELLIGAN, BARRY - URBAN (WINDFALL), LA TREVE, MISHIBISHU, MYSTERY, FANCAMP, MOUNT PLEASANT, BARRY - URBAN (BARRY), BENOIT, HUDVAM, WIM, FON, GULLROCK PROPERTY, PREMIERE PROPERTY et ELMTREE GOLD au Canada. Murgor est cotée au Canada et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 474 422 (379 325 US$, 354 897 €). La valeur de son action a atteint son plus haut niveau récent le 07 août 2020 à 1,89 , et son plus bas niveau récent le 07 mars 2023 à 0,01 . Murgor possède 47 442 200 actions en circulation. |
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