NORTHWEST QUEBEC – Montreal-based MURGOR RESOURCES has released the results of a new high grade gold intersection at the F-17 Zone on part of the Windfall property in Urban Township that is under option to Toronto’s NORONT RESOURCES.
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 16.8-m hole from surface included a 3.22-metre interval grading 143.3 g/t (4.18 oz/ton) Au. The interval included finely disseminated native gold.
The intersection confirms the extension of the F-17 zone towards surface. The exploration drift will enter this zone at about 60 metres below surface during 2008. The objective is to test and sample gold zones F-11 and F-17 with an underground exploration ramp that would start on the optioned ground, and will also provide access to a number of deeper mineralized zones on the Noront property.
The hole was drilled by the operator, Noront, on the portion of the Windfall property held under option by Noront from Murgor Resources Inc. and FREEWEST RESOURCES CANADA. Noront can earn a 50% interest in 29 claims of Murgor and Freewest’s Windfall property. 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.
This information was released on Mar. 19 by Murgor; as of press time, Noront had not released the details of this drilling, and in fact the TSX.V had requested it to halt trading pending the release of news related to the Windfall Lake project.
For more information, check out www.murgor.com or www.norontresources.com.