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MJX: TSX-V
Haiti
Haiti
In April 2009, Majescor signed an agreement SIMACT Alliance Copper Gold Inc. (“SIMACT”) to acquire a 10% interest in SIMACT, as well an option to acquire the remaining 90% interest. SIMACT, through its 66.4%-owned Haitian affiliate mining company, Société Minière du Nord-Est S.A. (“SOMINE”), controls a property with both gold and copper potential, (the “SOMINE Property”) located in the North-East mineral district of Haiti. The SOMINE Property lies within a highly prospective volcanic arc environment, host to numerous epithermal gold and porphyry copper occurrences in Haiti, as well as the World-Class Pueblo Viejo gold deposit in the adjacent Dominican Republic. The property holds the historical Blondin and Douvray copper-gold prospects; the historical Faille-B gold prospect; along with a number of recently-discovered copper-gold showings.The SOMINE Property area corresponds to a volcanic arc of Meso-Cenozoic Age that can be traced from Central Cuba through the Dominican Republic and forms part of the NW-trending Mountains of the Massif-du-Nord group. This group is composed mainly of volcanic tuffs and lavas from the volcanic belt, ranging in composition from felsic, through intermediate, to mafic and ultramafic rocks. The belt is composed of numerous lenticular bodies of lava and pyroclastic material of felsic composition, varying from dacite to rhyolite, embedded in a thick series of predominantly mafic volcanoclastic rocks, mainly andesite with lesser amounts of basalts, with numerous intercalations of diverse sedimentary rocks, like radiolarian cherts, carbonate rocks, and tuffs.
Copper and gold are the two main ore types in the area. Copper is usually found associated with the porphyritic facies, the microtonalitic apophyses, and the silicified zones, filling fissures and fractures, as well as disseminated. Within the quartz vein systems, the copper is contained in the chalcopyrite, while the gold appears both as native gold and as a very fine disseminated gold in the sulphide zone. It can also form spectacular concentrations on the oxidised cap. The native gold is usually found associated with chlorite, as well as in grains of pyrite and chalcopyrite. A second generation of gold is usually found associated to the quartz and the chlorite. The gold content is extremely variable.
The SOMINE Property holds the historical Blondin and Douvray copper-gold prospects; the historical Faille-B gold prospect, as well as a number of recently-outlined geochemical and geophysical targets and surface gold-base metal showings that have not yet been drill tested. The Blondin, Douvray and Faille-B prospects have been known since the 1970’s and 1980's when they were investigated in some detail by foreign bilateral and multilateral agencies, in particular the United Nations Development Program (“UNDP”), the German Bundesanstalt fur Geowissenschaften und Rohstoffe (“BGR”) and the French Bureau de Recherches Géologiques et Minière (“BRGM”). A series of geochemical and geophysical surveys were carried out on the SOMINE Property. Drilling, trenching, mapping and soil sampling were also performed, as well as metallurgical studies. More recently (1995-2006), the three prospects were investigated by a consortium of Canadian junior mining companies.
The Douvray, Blondin and Faille-B prospects were reviewed by R.
Valls of Valls Geoconsultant in 2004 as part of a NI 43-101 qualifying
report written by on behalf of Ste-Geneviève Resources Ltd. (acquired
by Ascendant Copper Corp., now Copper Mesa Mining Corp.). This report,
entitled “Technical Report of the Geology and Mineral Resources of the
Douvray – Blondin – Faille B Copper and Gold Prospects in Haiti” is
available at www.sedar.com.
- View technical report
At Douvray, the German BGR completed a total of 38 diamond drill holes in 1980. An additional 22 holes were drilled at Douvray in the late 1990s. For Blondin, the bulk of the exploration work appears to have been carried out in the 1970’s by the UNDP (8 drill holes totalling 1,500 m). Results from a number of grab samples collected by R. Valls returned values ranging from 1.19 to 8.14% Cu for Douvray and from 1.55 to 10.42% Cu for Blondin.
The Faille-B gold prospect was investigated under the UNDP’s Revolving Fund for Natural Resources Exploration (1982-1987) with 31 holes drilled over a strike-length of 1.8 km. In the course of a trenching campaign carried out in 2007 by SIMACT on the East and West extensions of the Faille-B prospect, significant values were encountered locally, one vein averaging 42.7 g/t Au over 6 m, including values of 107.5 g/t Au over one meter, 61.4 g/t Au over one meter and 41.2 g/t Au over one meter (see Diagnos Inc. press release, October 30, 2007). The Faille-B prospect coincides with a major NW-trending structural lineament which extends through to the Blondin copper prospect.
Field work carried-out by SIMACT elsewhere on the SOMINE property in 2007 focused on new geological base metals targets. Five grab samples on one of the targets returned copper values of 7.46, 6.21, 9.51, 0.10 and 6.69% Cu respectively. The target represents an outcrop which is highly mineralised over some 20 meters in length and one meter thickness (see Diagnos Inc. press release dated February 29, 2008).
Latest News
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July 29, 2010
MAJESCOR ANNOUNCES THE CLOSING OF THE ACQUISITION OF ALL OF THE ISSUED AND OUTSTANDING SHARES OF SIMACT ALLIANCE COPPER GOLD AND THE CLOSING OF A NON-BROKERED PRIVATE PLACEMENT
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July 21, 2010
MAJESCOR EXECUTES SHARE PURCHASE AGREEMENT WITH SIMACT ALLIANCE COPPER GOLD INC.


