MOAG License to Conduct Exploration on its PL 930 Murvey Property in Galaway, Ireland Extended to 2017
18.11.2014 | Accesswire
Toronto, ON / ACCESSWIRE / November 18, 2014 / MOAG Copper Gold Resources Inc. ("Moag")(CSE:MOG) will carry out an extensive 2-year exploration program on its Murvey property commencing in 2015.The Murvey Property is located on the north shore of Galway Bay in Connemara, the western part of County Galway. Molybdenum was discovered within the Galway Granite at Murvey during the 19th Century. However, serious exploration for molybdenum was confined to the periods 1954-55 and 1964-70. Drilling in the earlier period (1428 metres in 24 holes) identified a northeast-trending zone of molybdenum mineralization. Significant molybdenum mineralization was intersected in 18 of the holes. Geochemical soil sampling during the later exploration period outlined 5 molybdenum anomalies within an area of about one square kilometre.
Moag has recently completed a successful 1100 metre drill program on their "sister" property PL 934 Mace which delineated a highly prospective molybdenum, copper and silver (Mo-Cu-Au) target. Given the geological similarities and co-magmatic signature of the Mo-Cu-Au mineralization on PL 930 Murvey, Moag believes the potential resource to be very significant.
Moag is awaiting final assay results from its Mace drill program, details of which will be released in December 2014.
On Behalf of the Board
Bradley L. Jones, CPA, CA
Chief Operating Officer & CFO
For further information please contact:
MOAG Copper Gold Resources Inc.
Bradley L. Jones, COO&CFO
(416) 510 8397
bradley.jones@moag.ca
Gary R. Brown, CEO
(778) 839-0622|
gary.brown@moag.ca
www.moag.ca
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements," Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future, including but not limited to, statements regarding Moag's exploration programs.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration and difficulties associated with obtaining financing on acceptable terms. We are not in control of metals prices and these could vary to make development uneconomic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate.