MANITOBA MURGOR RESOURCES of Montreal says the latest 43-101 report for its Hudvam copper-gold-zinc deposit puts more than 70% of the resources in the indicated category. The indicated resource is now estimated to be 854,076 tonnes of 1.22% Cu, 1.78% Zn, 3.82 g/t Au and 13.84 g/t Ag at a 2% CuEq cutoff.
The resource estimates do not yet include results of discovery hole No.44 that assayed 1.11% Cu, 0.76% Zn, 2.17 g/t Au and 13.30 g/t Ag. Murgor has planned a new drill program to further define the discovery area between zones 1 and 3 and to test a new mineralized horizon in the hanging wall of the known mineralization.
The Hudvam deposit is located between Flin Flon and Snow Lake. The deposit already has an access ramp, nearly 250 metres long, that could be rehabilitated for quick development of the deposit, with low capital expenditures Murgor believes.
The latest corporate presentation will be posted soon at www.Murgor.com.