Latest News

Majescor and SACG discover a new copper-gold showing and outline a distinct 650 m-long by 300 m-wide copper-bearing zone on the SOMINE property, Haiti

Tuesday, October 06, 2009

View Photos

Montreal, QC, October 6, 2009.  Majescor  Resources Inc. (" Majescor" or the " Company") ( MJX: TSX-V) and partner SIMACT  Alliance Copper Gold Inc. (" SACG") are pleased to report the discovery of  a new copper-bearing showing on the SOMINE  copper-gold property located  in the North-East mineral district of Haiti. During  the course of systematic grid prospecting work, a massive quartz vein hosting  up to 20% copper-bearing minerals was uncovered 1.3 km southeast of the historical  Douvray porphyry copper prospect.  The showing, known as " Grosse Veine", has been stripped over a 20 m by 20 m surface area and  the mineralization remains open in all directions.  A total of 56 assay readings were systematically  taken across the quartz vein using a Niton™ hand-held x-ray fluorescence ("XRF") analyzer and 7  grab outcrop samples were collected for geochemical analysis.  Copper mineralization is ubiquitous, but  irregular in grade, across the mineralized vein.  Preliminary assay results recently received from  Acme Analytical Laboratories have confirmed the anomalous Niton readings, with copper  values for 5 out of 7 of the quartz vein samples ranging from 1.65% to 5.80%.  The quartz vein also  contains appreciable amounts of gold and silver, with 6 of the 7 grab samples registering  above 1 g/t Au, (including 3 samples  with greater than 10 g/t Au; final  assay results pending), and silver ranging from 2 to 23 g/t

In  addition, systematic prospecting and a re-interpretation of geochemical data  from the 2008 SAGC exploration program  has  confirmed the presence of a minimum 650 m-long by 300 m-wide copper-bearing  zone in fractured and altered mafic volcanics.   This new zone, known as " Ti-Toro",  extends southeast and along strike from the previously reported Dos Rada historical  copper area. Reconnaissance prospecting and geochemical sampling conducted in  2008 at Ti-Toro had uncovered 16  copper-bearing showings in outcrop, with spot sample copper grades ranging from 1.53% to 13.28% (these samples were analyzed for multi-elements using atomic absorption spectroscopy (partial or  total digestion) at Laboratoire Expert inc. of Rouyn-Noranda). The  mineralization at Ti-Toro consists of malachite, chalcopyrite, pyrite, hematite,  limonite and/or magnetite in fracture fillings and in quartz veins. Systematic  geochemical sampling and mapping of the Ti-Toro zone is underway.

Both the Grosse  Veine copper-gold showing and the Ti-Toro copper-bearing zone lie within a 10 km long by up to 3.8 km wide copper-bearing corridor defined by historical  regional stream sediment, soil and rock geochemistry data on the SOMINE  property (see Majescor press release dated July 7, 2009).  This northwest-trending corridor holds the historical Blondin and Douvray copper-gold prospects;  the historical Faille-B gold prospect; a series of historical copper  occurrences at Dos Rada, together with over one hundred other new copper showings in outcrop.   A map showing the location of the corridor and of the various prospects  and showings is available on the Company’s website at www.majescor.com,  along with pictures of the Grosse  Veine copper-gold showing.

Marc-André Bernier, President and CEO of Majescor states:  "The discovery  of the Grosse Veine copper - precious metal showing, together with the  identification of the Ti-Toro copper-bearing zone to the southeast of, and  along strike with the historical Douvray copper prospect is further evidence of  the existence of a multi-kilometre-long copper-bearing system on the SOMINE property.  The Grosse Veine prospect differs markedly from the other new occurrences found  to date in the mineralized corridor and it may represent a distal epithermal  system to the Douvray porphyry copper prospect. Additional discoveries of copper  and gold are expected as Majescor and SAGC systematically explore the full  length of the SOMINE property".

The  SOMINE property lies within a highly prospective Mesozoic-Cenozoic volcanic-intrusive  arc trend which contains  numerous  epithermal gold and porphyry copper occurrences in Haiti as well as the  World-Class Pueblo Viejo gold-copper mine in the adjacent Dominican Republic. 

All rock  samples were submitted to Acme Analytical Laboratories’ ("Acmelabs") facility in  Port-au-Prince for sample preparation and then forwarded to Acmelabs’  analytical facility in Vancouver for multi-element (ICP-ES: aqua regia  digestion) and precious metals (fire assay fusion with an ICP-ES finish) analysis.  Standard quality control protocols were  applied.

SOMINE property

SIMACT Alliance  Copper Gold Inc holds title to 68.7% of all the issued and outstanding shares  of SOMINE SA, a company incorporated under the laws of the Republic of Haiti.  SOMINE in turn, has 100% title to the SOMINE property.

The SOMINE  property consists of a Research Permit covering 50 km2, the mineral  rights and obligations of which have been assigned under a Mining Convention executed  with the State of Haiti on May   5, 2005 and valid until March 9, 2020. SACG  has also carried-out systematic soil sampling and prospecting work over four  Prospecting Permits encompassing four 100 km2 areas lying to the  East, South and Southeast of the permit subject to the Mining Convention. SACG has  requested the conversion of the Prospecting Permits into Research Permits (50  km2 each) and has filed all technical and source documents in  support of its application with the Haitian Bureau of Mines and Energy.

The 2009  SOMINE property exploration program will also include core drilling of at least  one of the historical prospects.  Plans  are currently underway to mobilise the drill from the Dominican Republic  onto the property.

The terms  of the Agreement with SAGC are detailed in Majescor’s Press Release dated April  23, 2009.

About SACG

SIMACT  Alliance Copper Gold Inc. is a Montreal-based private company headed by a group  of Canadian financiers and Haitian-American developers. The alliance aims to  promote sustainable mineral development initiatives in Haiti by creating synergies between  the Canadian financial and mining communities and the North American Haitian  Diaspora.

About  Majescor

Majescor is  a junior explorer focusing on emerging mineral districts. Other than Majescor’s  10% equity position in SAGC with an option to acquire the remaining 90%  interest, Majescor's project portfolio includes two uranium exploration  projects in Quebec:  Mistassini (100%-owned; under option to Strateco Resources Inc.) and Lac  Laparre (100%-owned; under option to Virginia Energy Resources Inc.). In  addition to uranium, Majescor owns 100% mineral rights to four gold and base  metal properties in Madagascar  (under option to Sunridge Gold Corp.).  

This press release as  been prepared by Marc-André   Bernier, P.Geo, Director of Majescor, acting as the  "Qualified Person" for the Company under National Instrument 43-101. 

To find out more  about Majescor Resources Inc. (TSX-V: MJX), SIMACT Alliance Copper Gold Inc.  and the SOMINE copper-gold property, please visit our website at www.majescor.com, or contact us directly at:

 

                                                                                                   

Marc-André Bernier
                  President & CEO
                  Majescor Resources  Inc.
                  marc-andre@majescor.com

               

Tel: +1.418.748.1141    www.majescor.com

Jacqueline Monfourny  
                  President
                  SIMACT Alliance  Copper Gold Inc.
                    rad.jm@sympatico.ca

                 

Tel.:  +1.514.707.5869
                   


Latest News

  • June 20, 2017

    Majescor Resources to Change Name to Albert Mining Inc. and Announces a $550,000 Non-brokered Private Placement
  • May 31, 2017

    MAJESCOR ANNOUNCES THE APPOINTMENT OF A NEW CHIEF EXECUTIVE OFFICER, NEW DIRECTOR AND THE GRANTING OF OPTIONS

Information Updates





Majescor is a member of

Logo - TJCM