RE: Thank God
MURGOR REPORTS 4.18 OUNCES PER TON GOLD OVER 3.22 METRES AT THE WINDFALL PROPERTY, NORTHWESTERN QUEBEC
Montreal, Quebec, March 19, 2008 – Murgor Resources Inc. (MGR: TSX-V) today announced, jointly with Noront Resources Ltd. (NOT: TSX-V) the results of a new high grade gold intersection at the F-17 Zone on part of the Windfall Property that is under option to Noront Resources Inc.
Noront reports that drill hole NOT-07-175 was completed as a requirement for crown pillar and hydrogeological studies at the site of the exploration drift that is currently underway at the property. The drill hole coordinates and intersected values are as follows (Please refer to today’s Press Release by Noront for more technical details):
Northing Easting Azimuth Inclination Length From To Interval Gold (g/t) Grade (oz/t)
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9+95m N 9+62m W 0° -90° 16.76m 9.73m 12.95m 3.22m 143.3 g/t 4.18 oz/t
Noront geologists report finely disseminated native gold was observed at several locations in the higher grade intervals in amounts and grain sizes that are consistent with analytical data reported by Bourlamaque Assay Laboratory. The intersection confirms the extension of Murgor’s F-17 zone towards surface. The exploration drift planned by Noront will enter this zone at about 60 m below surface during 2008.
Andre C. Tessier, President and CEO of Murgor Resources Inc. said, “Murgor is proud of its joint venture partnership with Noront; the Windfall property continues to show excellent results. These are very exciting times for Murgor. While the Company is actively drilling on its Manitoba and Saskatchewan properties, under option from HudBay Minerals, its joint venture partners are working on Murgor’s eastern Canada gold properties. In Quebec, Noront is exploring part of the Windfall property, Metanor Resources is mining the Barry Gold Deposit while Murgor retains a 1% NSR royalty, and Metanor is also earning in an interest in Murgor’s Nelligan property. In Ontario, Trelawney Resources is drilling the extensions of the Dorset and Martin Gold Zones at Murgor’s Mishibishu gold property. And in New Brunswick, Geodex Minerals and Teck Cominco are exploring the Mount Pleasant property. The company is growing, concentrating on its core assets in Manitoba and Saskatchewan, and finding experienced partners to advance and fund its properties in Eastern Canada.”
The hole was drilled by Noront on the portion of the Windfall property held under option by Noront from Murgor Resources Inc. and Freewest Resources Canada Inc. (FWR: TSX-V). As stated in a press release dated Feb 5, 2007, under the terms of the option agreement, Noront can earn a 50% interest in 29 claims of Murgor and Freewest’s Windfall Property in Northwestern Quebec. Present ownership of the Windfall Property is 50% Murgor and 50% Freewest. The 29 claims under option are located immediately north of the Noront property. Murgor and Freewest retain a 100% interest in 184 claims of the Windfall property including the NE extension of the gold bearing structures.
Noront’s objective is to test and sample gold zones F-11 and F-17, previously discovered by Murgor and Freewest, with an underground exploration ramp that would start on the optioned ground. The ramp will also provide access to a number of deeper mineralized zones on the Noront property.
Noront acts as operator of the project and further will have the right to propose to complete a feasibility study on the claims. Should Murgor/Freewest not participate in the costs of such feasibility study, Noront may earn an additional 10% participating interest providing the feasibility study is positive. Thereafter the parties shall operate under a joint venture agreement on a 60-40 participating basis.
FOR FURTHER INFORMATION ON MURGOR, PLEASE VISIT OUR 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.