2. Forward-Looking Statement
CAUTIONARY STATEMENT ON the U.S. dollar); fluctuations in the spot and obtain insurance, to cover these risks). Many of
FORWARD-LOOKING INFORMATION forward price of gold or certain other these uncertainties and contingencies can affect
commodities (such as copper); changes in our actual results and could cause actual results
Certain information contained or incorporated by national and local government legislation, to differ materially from those expressed or
reference in this presentation, including any taxation, controls, regulations and political or implied in any forward-looking statements made
information as to our future financial or economic developments in Canada or other by, or on behalf of, us. You are cautioned that
operating performance, constitutes "forward- countries in which we do or may carry on forward-looking statements are not guarantees
looking statements". All statements, other than business in the future; business opportunities of future performance. All of the forward-looking
statements of historical fact, are forward-looking that may be presented to, or pursued by, us; statements made in this presentation are
statements. The words "believe", "expect", operating or technical difficulties in connection qualified by these cautionary statements. We
"anticipate", "contemplate", "target", "plan", with mining exploration or development disclaim any intention or obligation to update or
"intends", "continue", "budget", "estimate", activities; employee relations; the speculative revise any forward-looking statements whether
"may", "will", "schedule" and similar expressions nature of gold exploration and development, as a result of new information, future events or
identify forward-looking statements. Forward- including the risks of obtaining necessary licenses otherwise, except to the extent required by
looking statements are necessarily based upon a and permits; diminishing quantities or grades of applicable laws.
number of estimates and assumptions that, while reserves; and contests over title to properties,
considered reasonable by us, are inherently particularly title to undeveloped properties. In
subject to significant business, economic and addition, there are risks and hazards associated
competitive uncertainties and contingencies. with the business of gold exploration,
Known and unknown factors could cause actual development and mining, including
results to differ materially from those projected environmental hazards, industrial accidents,
in the forward-looking statements. Such factors unusual or unexpected formations, pressures,
include, but are not limited to: fluctuations in the cave-ins, flooding and gold bullion losses (and the
currency markets (such as the Canadian versus risk of inadequate insurance, or inability to
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3. Murgor Capitalization
Murgor Resources Inc: MGR:TSX-V
Share Price (06/06/12) $0.04
Shares Outstanding: 120,985,590
Shares Fully Diluted 133,206,980
52-Week High/Low $0.175 - $0.035
Market Capitalization: $4.8M
Treasury: $1,786,000 (unaudited Jan. 31, 2012)
(No Debt) Victoria Gold Mines* 12.4%
Dundee Resources 9.5%
Beijing Donia: 6.7%
Major Shareholders: Institutional: 39.4% Sprott Securities 5.5%
Others: 5.3%
* Victoria Gold Mines East Timmins Ltd. Retail: 60.6%
David Larche, President & CEO
Partner on Golden Arrow Project
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4. Management & Directors
Management:
André C. Tessier, PEng, PGeo President & Chief Executive Officer
Isabelle Gauthier, CA Chief Financial Officer
Randall Salo, PGeo Manager of Exploration
Directors:
C. Jay Hodgson, PhD Chairman and Director
André C. Tessier, PEng, PGeo Director
David W. Moore, PGeo Independent Director
Michael D. Doggett, PhD Independent Director
Nick Zeng Independent Director
Advisors:
MacKenzie I. Watson, P.Eng
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5. Murgor Fundamentals
• The Golden Arrow Gold Project
Advanced Gold Project in Timmins, Ontario
• The Wim & Hudvam Cu-Au Projects
Flin Flon
Advanced Projects in the Flin Flon Belt, Manitoba
Combined NI 43-101 resource of:
* Timmins
Chibougamau
Red Lake
(Mineral resource with in situ value well over $1.4B USD)
• Grassroots projects Exploring the Richest Mineral Belts in Canada
Waconichi Project in Abitibi, Quebec
Gullrock Project in Red Lake, Ontario
Moose Lake Project in Snow Lake, Manitoba
• 1% NSR at the Barry Gold Mine, QC
* Summary of resource only. Please visit www.murgor.com or SEDAR for the complete details of Murgor’s 43-101 Compliant Resource at Wim and Hudvam.
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6. Murgor - Strength in Partnerships
• Wim & Hudvam Projects, Manitoba
Optioned from HudBay Minerals Inc.
• Waconichi Project, Quebec
Under Option to Northern Superior Resources Inc.
• Benoit Project, Quebec
Under Option to Cartier Resources Inc.
• Windfall Project, Quebec
Under Option to Eagle Hill Exploration Corp.
• Nelligan Project, Quebec
In JV with Metanor Resources Inc.
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7. The Golden Arrow Gold Mine – Timmins, Ontario
PROJECT HIGHLIGHTS
MAIN MINERALIZED ZONE:
Strike Extent: > 1 km long
Average Width: 42 m
Max. Depth: 425 m to date
Average Grade: 0.813 to 1.296 g/t Au
Past Producer 1981-1982:
303,449 tons @ 2.15 g/t Au
Historical gold recoveries of 91.2%
Extensive onsite and offsite Infrastructure
Six operating mills and two operating mines nearby
Pre-development near complete
Fully permitted for a 100,000 bulk sample
Property as a whole is greatly
under-explored
The Golden Arrow Gold Mine – Open Pit
(November 11, 2010)
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8. Golden Arrow Project – Nearby Mills
Bell Creek
Stock
Holt
Dome
Kirkland Lake Gold
Future Northgate
Past & Present Producers (Ontario only): Gold >1M oz Gold <1M oz Base Metals
GOLDEN ARROW MINE
Located halfway between the Timmins Gold District (67 M oz gold)
and the Kirkland Lake - Kerr Addison Gold District (37 M oz gold).
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9. Golden Arrow Project – The Neighbours
BLACK FOX MINE (Brigus Gold)
RESERVES: 6,447,868 t @ 4.37 g/t Au
906,375 Gold (oz)
HISLOP MINE (St-Andrews)
INDICATED: 6,205,000 t @ 2.0 g/t Au
INFERRED: 5,338,000 t @ 1.8 g/t Au
703,000 Gold (oz)
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10. Golden Arrow: Property Geology and Exploration Targets
Golden Arrow
Gold Mine Untested GOLDEN ARROW PROPERTY
45-02: 2.19m @ 6.09 g/t Au
45-03: 5.43m @ 2.46 g/t Au
45-04: 13.44m @ 9.22 g/t Au 12 Mining Patents
11 Mining Claims
Covering 1,441 hectares
Property
Boundary Exploration Targets
Golden Arrow
Fault
GOLDEN ARROW
PROPERTY
Mafic Volcanic
Syenite
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11. Golden Arrow Mine – Deposit Geology and Mineralization
Gold mineralization consists of a stockwork of
quartz veinlets locally with visible gold
Current Outline
of the Open Pit Broad potassic alteration halo with brick-red
hematite and 1% to 2% disseminated pyrite
Syenite
Mafic Gold is well distributed throughout the mineralized
Volcanics
zone without high grade peaks
To date less than 0.5% of assays have returned
higher than 10 g/t gold.
Syenite
Mafic
Volcanics
Potential Expansion
of the Open Pit
The deposit is open at depth and to the SW
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12. Golden Arrow Gold Mine: Magnetic Map & Interpretation
Golden Arrow
Open Pit Outline Golden Arrow Fault
45-02: 2.19m @ 6.09 g/t Au
45-03: 5.43m @ 2.46 g/t Au
45-04: 13.44m @ 9.22 g/t Au
West Zone
East Zone
GOLDEN ARROW
PROPERTY
East Syenite
Intrusion Contacts MAGNETIC MAP
And
GEOLOGICAL INTERPRETA TION
West Syenite
SCALE
Intrusion Contacts
0 250 500
meters
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13. Golden Arrow Gold Mine: Magnetic Map & New Zones
GOLDEN ARROW FAULT
GOLDEN ARROW GOLDEN ARROW
MAIN ZONE OUTLINE
39
PROPERTY
31
38
30
28
29
MAGNETIC MAP
40 7
44
32
5
3
6
2
1
and
4
DDHs AE12-03 and 11 define a
mineralized zone greater than
22
8
GEOLOGICAL INTERPRETATION
13 9
100m in true width (see section). 46
10
11 14
15
33 12
37
42 24
18
16 19
17
25 23
20
0.63 g/t Au over 78.0m 26 21
0.52 g/t Au over 57.0m
41
27
1.43 g/t Au over 34.0m in NS-Trending Fault LEGEND
35
34
45
0.64 g/t Au over 78.0m
Incl. 1.23 g/t Au over 30.0m
and 6.14 g/t Au over 4.0m
Current open pit outline
36
0.53 g/t Au over 21.0m
Incl. 1.22 g/t Au over 5.0m Offset of zone along NS-trending Dike
Syenite Intrusion contact
0.92 g/t Au over 18.0m
33
DDH AE12-06 collared into gold mineralization in syenite
Trace of Drill Hole
NEW DISCOVERY 1.42 g/t Au over 15.0m
Mineralized Zones
WEST EXTENSION 1.65 g/t Au over 4.5m
NS-Trending Faults
5.48 g/t Au over 4.5m NEW DISCOVERY
SCALE
0 250 500 DDH AE12-07 ended in gold mineralization in volcanics ARROW SOUTH TARGET
metres
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14. Golden Arrow: West Syenite & Deposit Geology
100N
900S
800S
700S
600S
500S
400S
300S
200S
100S
0
A12-44
400m W
A11-39
GOLDEN ARROW DEPOSIT
300m W A11-33
Strike Length: >1 km
A11-32
Average Width: 42 m
A11-31
AE12-02
? AE12-01
200m W AE12-03 A12-43
A11-40
A11-38 Depth: Surface to 425 m
Golden Arrow
A11-28
Average Grade:
Open Pit Outline
West Zone AE12-11 A12-46 A11-30
100m W AE12-05
? A12-42 0.813 to 1.296 g/t Gold
A10-2
A10-7
A10-5
A10-3
A10-6
A10-1
A10-4
A12-45
A11-41 A11-22 A11-29
A11-24 ?
AE12-04
0
?
?
A11-10
A11-16 & 17
A11-25
A11-11
A11-12 A11-13
A10-9
A11-18
A10-8
A11-19 A11-14
A11-26 A11-15
A11-20
100m E A11-21 A11-23
A11-27
GOLDEN ARROW - LEGEND -
A11-35
PROPERTY AE12 -04
Drill Hole Projection
Geological Map Diabase Dyke
A11-36
(Murgor Drill Holes) Syenite
SCALE Mafic Volcanic Rocks A11-34
NS-Trending Mineralized Fault
A11-37
0 75 150m Gold Mineralization
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15. Golden Arrow Deposit – Longitudinal Section
650S
550S
100S
600S
150S
200S
250S
300S
350S
400S
450S
500S
50S
50N
000
Surface
Deep Intercepts Include
50m
1945 Shaft
42 45 50m
Higher-Grade such as:
29 01 16 24
02 03 06
04 25
07
05
13 10
18
17 ? 41
100m 08 09 20 100m
19
14 11
22
? A11-31: 52.0m @ 1.47 g/t
12
30
15 23
21 26
? BASED ON 0.3 g/t Au CUT-OFF INTERCEPTS 150m
incl: 18.0m @ 2.26 g/t
150m
28
27
and: 8.0m @ 2.76 g/t
>150
>125
? >100 Gold Grade (g/t) A11-32: 15.0m @ 2.11 g/t
200m 43 200m
x
38 >75
>50 Thickness of Intercept
incl: 6.0m @ 3.11 g/t
40 >25
<25
Pierce point of drill hole with drill hole 250m
A11-35: 46.0m @ 1.44 g/t
250m 37
35
number from the centre of the zone
and projected onto the base line plane
incl: 6.0m @ 3.38 g/t
31 300m
A11-40: 35.0m @ 2.20 g/t
300m 32
? 36 incl: 6.0m @ 7.22 g/t
?
34 33 350m
350m
400m 39
37
? ?
GOLDEN ARROW
450m
? PROPERTY
44
Longitudinal Section
Looking SE
(Murgor Drill Holes)
500m
GOLDEN ARROW
SCALE
LONGITUDINAL SECTION MAIN ZONE 0 50 100m
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16. Golden Arrow – Cross Section 200S
450W
400W
350W
200W
300W
250W
150W
100W
100E
150E
200E
250E
300E
350E
50W
50E
BL
Surface
DRILL HOLE INTERCEPTS USING
Current
Open Pit
50m
0.5 g/t Au cut-off grade
(Intervals listed from top to bottom of drill hole)
A10-18: 1.43 g/t Au over 72.0m
Mafic Volcanics 100m
0.92 g/t Au over 7.0m
A10-19: 1.28 g/t Au over 108.0m
150m A11-22: 1.36 g/t Au over 113.0m
A11-19 A11-23: 0.98 g/t Au over 91.0m
A11-18 A11-22
A11-23 200m incl. 1.84 g/t Au over 35.0m
A11-34: 1.37 g/t Au over 12.0m
250m
2.87 g/t Au over 4.5m
0.57 g/t Au over 51.0m
Syenite Mafic Volcanics
A11-39: 0.79 g/t Au over 6.0m
300m
0.52 g/t Au over 7.5m
0.75 g/t Au over 28.0m
350m A11-40: 0.99 g/t Au over 16.5m
1.65 g/t Au over 49.5m
400m
A11-40
450m
Drill Hole Trace and Number
GOLDEN ARROW Mineralized Interval
PROPERTY Cut-Off = 0.3 g/t Au 500m
A11-34
Cross Section 200S
Looking NE
(Murgor Drill Holes) 550m
SCALE Assay Bars > 0.3 g/t Au
A11-27
0 50 100m A11-39
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17. Golden Arrow – Cross Section 200S with Cut-Off Contour
450W
400W
350W
200W
300W
250W
150W
100W
100E
150E
200E
250E
300E
350E
50W
50E
BL
Overburden
Surface
DRILL HOLE INTERCEPTS USING
Overburden
Current
Open Pit
0.5 g/t Au cut-off grade
50m
(Intervals listed from top to bottom of drill hole)
Mafic Volcanics
Syenite Mafic A10-18: 1.43 g/t Au over 72.0m
Volcanics 100m
0.92 g/t Au over 7.0m
Syenite A10-19: 1.28 g/t Au over 108.0m
150m A11-22: 1.36 g/t Au over 113.0m
A11-19 A11-23: 0.98 g/t Au over 91.0m
A11-22
A11-18 A11-23 200m incl. 1.84 g/t Au over 35.0m
A11-34: 1.37 g/t Au over 12.0m
250m
2.87 g/t Au over 4.5m
GOLD MINERALIZATION LEGEND
0.57 g/t Au over 51.0m
A11-39: 0.79 g/t Au over 6.0m
> 0.3 g/t Au cut-off grade 300m
> 0.5 g/t Au cut-off grade
0.52 g/t Au over 7.5m
> 1.0 g/t Au cut-off grade 0.75 g/t Au over 28.0m
350m A11-40: 0.99 g/t Au over 16.5m
1.65 g/t Au over 49.5m
400m
A11-40
450m
Drill Hole Trace and Number
GOLDEN ARROW Mineralized Interval
PROPERTY Cut-Off = 0.3 g/t Au 500m
A11-34
Cross Section 200S
Looking NE
(Murgor Drill Holes) 550m
SCALE Assay Bars > 0.3 g/t Au
A11-27
0 50 100m A11-39
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18. Golden Arrow Deposit vs. Young-Davidson Mine
GOLDEN ARROW YOUNG DAVIDSON
Syenite-Hosted Syenite-Hosted
K-Hm-Py alteration – Quartz K-Hm- Py alteration – Quartz
Stockwork Stockwork
Steeply Plunging and Dipping Steeply Plunging and Dipping
Structures Structures
Width of Zone average 42 metres Width of Individual Zones 10 – 40 m
Average Grade in OP is 2.09 g/t Au Average Grade in OP is 1.63 g/t Au
Vertical Extent: 425 m to date Vertical Extent of Nearly 1.5 km
Strike Extent: 1.0 km to date Strike Extent of Greater than 1.75 km
Resource: Untested Resource: 3.8M oz Gold
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19. Murgor Golden Arrow Property – Summary
Work Completed - February 2011 to March 2012:
Compilation and digitization of all existing data production of a 43-101 Technical Report
High resolution helicopter-borne magnetic survey
Ground geophysics (IP)
Mechanical trenching
57 drill holes for a total of 16,501 m
Earned a 40% interest in the property more than six months ahead of schedule
Results / Milestones:
Greatly expanded the gold mineralized zone to 1,050 m in length, 42 m of average width and up to 425 m in depth
Significantly enhanced the open pit bulk tonnage potential of the deposit
Two new discoveries at surface: “West Extension” (600 m west of pit) and “South Target” (1 km south of pit)
Defined numerous high potential exploration targets at the property-scale
Acquired new ground surrounding the deposit
Next Step
Complete earn-in of 55% before February 2013 through $400,000 exploration expenditures and $1M cash payment
Continue to expand the Main Mineralized Zone through drilling (particularly at the West Extension
Systematic infill and step-out drilling in preparation for resource estimate
Drill test a number of high priority exploration targets including the South Target
Investigate the economic viability of the project
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20. Golden Arrow Deposit vs Young-Davidson Mine – TO SCALE
2 km
650S
550S
100S
150S
200S
250S
300S
350S
400S
600S
450S
500S
50S
50N
000
Surface
1945 Shaft 45 50m
50m 42
29 01 16 24
02 03 06
04 25
07
05
13 10
18
17 ? 41
100m 08 09 20 100m
19
14 11
22
12
?
30 21 26
15 23 ? BASED ON 0.3 g/t Au CUT-OFF INTERCEPTS 150m
150m
27
28
>150
>125
?
West Zone at Surface
>100 Gold Grade (g/t)
200m 43 200m
38 >75 x
>50 Thickness of Intercept
40 >25
<25
37 Pierce point of drill hole with drill hole 250m
250m number from the centre of the zone
35 and projected onto the base line plane
0.64 g/t gold over 78.0m
300m 31 32 300m
? 36
?
34 33 350m
350m
0.63 g/t gold over 78.0m
400m 39
37
? ?
GOLDEN ARROW
450m
? PROPERTY
44
Longitudinal Section
Looking SE
(Murgor Drill Holes)
GOLDEN ARROW
0.52 g/t gold over 57.0m
500m SCALE
LONGITUDINAL SECTION MAIN ZONE 0 50 100m
Formerly
Matachewan Cons. Syenite
Longitudinal section of the Young Davidson Mine Longitudinal section of the Golden Arrow Mine
TOTAL RESERVES: 3.8M oz Gold
(1.6 g/t Au Open Pit and 2.9 g/t Au Underground)
(Source: Aurico Gold TSX: AUG, www.auricogold.com)
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