Minnova options Murgor claims

Exploration is under way at Murgor Resources’ (VSE) gold property in Fancamp Twp., Que., south of Chibougamau, Que., following an agreement between Murgor and Minnova (TSE).

Under the option deal, Minnova can earn a 70% undivided interest in the property by spending $1 million on exploration and making total cash payments of $60,000 by Dec. 1, 1996.

Previous work in the 1970s and 1980s traced two gold-bearing zones occurring within a strike length of 2,700 ft.