Wim And Wim Extension Property
|17 claims (2%NSR)
Property location and description:
Murgor owns a 100% interest in the Wim property, located in Manitoba, approximately 16 kilometres north of the Town of Snow Lake. The property covers approximately 36 square kilometres in two claim groups.
The first group of claims covers the Wim copper-Gold deposit and consists of 17 claims covering 1,177 hectares. Murgor earned a 100% interest in this group of claims on September 12, 2009, having satisfied the requirements of an option agreement dated September 2006 with HudBay Minerals Inc. Under the option agreement of September 2006, Hudbay Minerals retained a 2% net smelter return (NSR) royalty on the Wim property.
The second group of claims consists of 15 claims staked by Murgor to cover extensions of the Wim deposit. This portion of the property covers an additional 2,450 hectares and is referred to as the Wim Extension property. There are no NSR royalties on these claims.
Geology of the Property:
The geology of the area is composed of metamorphised and deformed mafic to felsic rocks and intrusions of the Amisk Group. Metamorphic grade can be characterised as upper amphibolites facies.
A very broad halo of intensely altered rocks and over eight kilometres of prospective stratigraphy are observed on the Wim and Wim extension properties.
The Wim deposit occurs within a volcanic sequence, at the contact between mafic and felsic rocks. The stratigraphic units trend is NW at approximately 310 and dipping at 50- 60 NE. Younging directions are towards SW. A large diorite sill (up to 125 metres wide) occurs at the footwall of the deposit. This diorite sill is believed to be syn-volcanic and thought to have generated the necessary heat for the formation of the deposit. The Wim deposit occurs approximately 450 metres to the southwest of a large granitoid intrusion that now forms a gneissic dome.
The Wim deposit consists of one large lens of volcanogenic origin. Mineralization consists of massive to semi-massive sulphide consisting of pyrite, chalcopyrite, pyrrhotite and accessory sphalerite. Currently, the mineralized zone extends from surface to 720 metres deep, over a strike length of nearly 725 metres and has an average thickness of 7.0 metres. The lens remains open in all directions. The ore lens is conformable to stratigraphy. It trends to the NW at approximately 310° and is dipping at 45- 50 to the NE. The general plunge of the ore lens is 40° toward north.
The results of a NI 43-101 compliant resource estimation of the Wim deposit were released in early September 2008. It took into account 61 holes (18,271 meters) drilled by Murgor in 2007 and 2008 and HudBay’s historical drill holes. The estimated resource is as follows:
Preliminary metallurgical work at the Wim deposit showed copper recoveries averaging 92% producing a final high-grade copper concentrate averaging 32.6% copper.
- 1961: Airborn electromagnetic and radiometric surveys carried out by HBED. The survey identified several conductors. An extensive program of staking, line cutting, ground geophysical surveying and diamond drilling was completed over the high priority identified anomalies.
- 1962 – 1968: VMS mineralization was discovered on the Wim deposit in January by diamond drilling of a ground EM anomaly delineated during the ground follow-up of an airborne EM survey. Intense diamond drilling from 1962 to 1968.
- 1968 – 1991: Sporadic diamond drilling. The divers drilling campaigns outlined a copper-rich sulphide lens at the Wim deposit.
- 1991 – 2007: the Wim deposit remained relatively dormant until 2007.
- >2007 – 2008: Winter 2007: New resource calculation, the Wim Zone contains an indicated resource of 2.06 million tonnes at grades of 1.92% Cu, 0.26% Zn, 1.65 g/t Au and 5.58 g/t Ag. Two exploration campaigns have been completed by Murgor on the Wim deposit in 2007 and 2008, which includes 61 NQ-sized diamond drill holes for a total of 18,266 m of drilling. In total, 136 diamond drill holes and 43,285.36 m have been completed on the Wim deposit from 1962 to 2008. On September 9, 2008, Murgor released the results of a NI 43-101 compliant resource at the Wim deposit. The resource estimate was highlighted by a 130% increase in the total tonnage of the deposit over the historical resource, with over 85% of the new resource in the Indicated category. Murgor successfully extended the deposit for over 300 metres up-dip to the surface, and 150 metres on strike. Furthermore, drilling has shown the mineralized body to be very tabular and with consistent grades.
- 2010: Murgor Resources drilled three diamond drill holes, totaling 1062.9 m. The objective was to test several airborne electromagnetic anomalies occurring a couple of kilometers away from the known Wim mineralized zone. No economic sulphides mineralization were intersected. The drill program was cut short due to the mild winter conditions, with two targets remaining untested.
Recent Exploration Developments:
Exploration drill holes successfully intersected the Wim horizon on a strike length of 1.5 kilometres to the northwest of the deposit. Borehole Pulse Electro-Magnetic surveys were carried-out in the exploration drill holes and follow up drilling will follow depending on these results. Best results so far were obtained in drill hole WZS08-044, located 1.5 kilometres away from the deposit, with an intersection of 3.51 metres grading 3.11 g/t Au and 0.29% Cu.
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