Rapido Porkos

guess you cant go wrong @.05 if you can hold until 2015+

'if' gold isn't done-

As soon as gold starts making the next move over $2000, all these little guys will hopefully come back to life 10 Fold!

awesome! so glad i could lose my life savings in this POS... going to take a miracle now

bid @ .05 :(

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=82904404

When will that start? A couple of years?

Building shareholder value through the discovery
and development of gold, base metal and uranium
deposits in emerging mineral districts



lmao

updated presentation on website: http://www.majescor.com/uploads/mjx%20presentation%20january%202013.pdf

MJX.v/mjxff.pk, MAJESCOR ANNOUNCES THE CLOSING OF THE 1ST TRANCHE OF A NON-BROKERED PRIVATE PLACEMENT
Tuesday, January 22, 2013
NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN

Ottawa, Ontario, January 22, 2013 - Majescor Resources Inc. (“Majescor” or the “Company”) (TSX-V: MJX) has revised the terms of its non-brokered private placement offering (the "Offering") announced October 16, 2012, as follows:

The Offering consists of up to 25,000,000 units (the "Units") at a price of $0.09 per Unit for gross proceeds of up to $2,250,000. Each Unit will consist of one (1) common share of the Company (a "Share") and one (1) common share purchase warrant (a "Warrant"). Each Warrant will entitle the holder thereof to acquire one (1) additional common share of the Company at a price of $0.15 for a period of twenty-four (24) months following the closing of the Offering. The Warrants are subject to an accelerated expiry if the published closing trade price of the common shares on the TSX Venture Exchange Inc. (the “Exchange”) is equal or greater than $0.30 for a period of 20 consecutive trading days any time after the expiry of the four (4) month resale restriction period, in which event the Company may give the holder a written notice and the Warrants will automatically expire, if not exercised, 30 days after receipt of such notice.

In connection with the Offering, the Company will pay up to 8% commission of the gross proceeds of the Offering and may issue a maximum of 8% of non-transferable warrants entitling the holders to acquire the same number of common shares at a price of $0.12 per common share for a period of eighteen (18) months following the closing of the Offering.

The net proceeds from the Offering will be used for surface work on the SOMINE project in Haiti and for general working capital requirements.

All securities issued in the Offering will be subject to a four month hold period and regulatory approval.

On January 18, 2013, Majescor completed the 1st tranche of its private placement by issuing 2,500,000 units for gross proceeds of $225,000. All securities issued in this private placement are subject to a four month hold period expiring on May 19, 2013.

About SIMACT Alliance Copper Gold Inc. and SOMINE SA
SIMACT Alliance Copper Gold Inc. (“SACG”) is a 100%-held subsidiary of Majescor. SACG is the majority shareholder of SOMINE SA, a registered Haitian corporation holding 100% of the mineral rights to the SOMINE project. SOMINE SA has designated SACG as the Technical Operator of the SOMINE project exploration programme.


About Majescor Resources Inc.
Majescor Resources Inc. is a junior explorer focusing on emerging mineral districts. In addition to the SOMINE project, Majescor's project portfolio includes the Mistassini uranium exploration projects in Quebec (under Joint-Venture: 40 % Majescor and 60% Strateco Resources Inc.) the Besakoa gold and base metal property in Madagascar (50%-50% joint venture with Sunridge Gold Corp.).

To find out more about Majescor Resources Inc. (TSX-V: MJX), SIMACT Alliance Copper Gold Inc., the SOMINE copper- gold project as well as the Company’s Mistassini uranium and Besakoa copper/gold properties, please visit our website at www.majescor.com, or contact us directly at:

Daniel Hachey President & CEO Majescor Resources Inc.
dan@majescor.com
Tel: 905.206.1604
Fax: 613.241.7817
www.majescor.com

Forward-Looking Statements

This News Release may contain or refer to "forward-looking statements" which reflect Management's expectations regarding the Company's future growth, results of operations, performance and business prospects and opportunities. These statements reflect Management's current beliefs at the time of this news release and are based on information currently available to Management. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives of Majescor Resources Inc., are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Management’s expectations are exploration risks detailed herein and from time to time in the filings made by the Company with securities regulators.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

I think he can translate for us

lmao majescor never makes it easy.

anyone know what they're saying:

Majescor Reports Inferred Mineral Resource Estimate of 190 Mt Grading 0.30% Cu, 0.05 g/t Au, 1.12 g/t Ag and 23.05 g/t Mo (0.1% Cu Cut-Off) for Douvray Porphyry Copper Deposit, Northeast Haiti
MONTREAL, QUEBEC--(Marketwire - Jan. 15, 2013) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW

Majescor Resources Inc. ("Majescor" or the "Company") (TSX VENTURE:MJX) is pleased to report the first National Instrument 43-101 Mineral Resource Estimate for the Douvray porphyry copper-(gold-silver-molybdenum) deposit located on the Company's recently awarded Douvray Mining Exploitation Permit (the "Douvray PEM"), Northeast Haiti:

Oxide and sulfide zone: 189.5 Mt grading 0.30% Cu, 0.05 g/t Au, 1.12 g/t Ag and 23.05 g/t Mo at a base cut-off of 0.1% Cu (Table 1).
The NI 43-101 Inferred Resource Estimate is derived from 15 core holes drilled at Douvray from 2011 to 2012 for a total of 6,206 m, and from an additional 24 core holes, totaling 6,233 m drilled on the deposit by St-Geneviève Resources Ltd. and partner KWG Resources Inc. between January and July of 1997. The Inferred resource estimate was prepared by independent Qualified Person Remi Bosc, principal consultant of Arethuse Geology SARL of Aix-en-Provence, France. The full breakdown of the Douvray porphyry copper (gold-silver-molybdenum) deposit Mineral Resource Estimate for the oxide and sulfide zones and at a range of cut-off grades for comparison purposes is presented in Table 1.

Table 1-a - Douvray Inferred resources, Cu cut-off = 0.1%

Minztntype Tonnes Cu
(%) Cu
(t) Cu
(Mlb) Au
(g/t) Au
(ozt) Ag
(g/t) Ag
(kozt) Mo
(g/t) Mo
(t) CuEq*
(%) CuEq*
(t) CuEq
(Mlb)

sulfide 178 600 000 0.31 545 000 1 202 0.05 268 500 0.83 4 790 24.28 4 335 0.36 638 000 1 407
Oxide 10 900 000 0.23 25 000 55 0.02 7 600 5.86 2 050 2.94 32 0.31 34 150 75
Grand Total 189 500 000 0.3 570 000 1 257 0.05 276 100 1.12 6 840 23.05 4 367 0.35 664 000 1 464

Table 1-b - Douvray: Estimate simulating different cut-off by block filtering

Block Filtering Volume Tonnes Cu
(%) Cu
(t) Cu
(Mlb) Au
(g/t) Au
(kozt) Ag
(g/t) Ag
(kozt) Mo
(g/t) Mo
(t) CuEq*
(%) CuEq*
(t) CuEq
(Mlb)

0.5 6 825 539 19 794 063 0.73 145 011 320 0.11 69 1.90 1 209 35.98 712 0.83 164 499 363
0.4 10 774 156 31 245 053 0.63 196 598 433 0.09 92 1.67 1 677 32.10 1 003 0.71 223 108 492
0.3 20 858 140 60 488 608 0.49 297 298 655 0.07 134 1.27 2 476 25.86 1 564 0.56 336 169 741
0.2 44 874 468 130 135 960 0.36 473 231 1 043 0.05 213 1.22 5 118 23.07 3 002 0.42 541 043 1 193
0.1 64 870 609 188 124 768 0.30 569 850 1 256 0.05 275 1.13 6 833 23.16 4 356 0.35 659 822 1 455
Total 65 341 594 189 490 622 0.30 570 000 1 257 0.05 276 1.12 6 840 23.05 4 367 0.35 664 000 1 464

* CuEq% = Cu% + 0.6 x Au ppm + 0.012 x Ag ppm + 3 x Mo%.

Images of the block model at various cut-off grades are available on the Majescor website at www.majescor.com.

Daniel Hachey, President and CEO of Majescor states: ""This first NI 43-101 Inferred Mineral Resource Estimate represents a major milestone for the development of the Douvray porphyry copper project. It highlights the deposit's quality and potential to build tonnage and improve grade, as well as the Company's and it's Haitian partner SOMINE SA's ability to achieve significant results. Since becoming the operator of the Douvray exploration program approximately 18 months ago, Majescor has successfully advanced the project from initial ground resurveying through soil and rock geochemical sampling, to the discovery of a 570,000 t Inferred copper resourcewithgold, silver and molybdenum credits".

Mr. Hachey further states: "The announcement of this first NI 43-101 Mineral Resource Estimate follows the recent award by the Haitian Bureau of Mines (the "BME") to SOMINE SA of a five-year renewable 25 km 2 Mining Exploitation Permit ("PEM") for the Douvray deposit and encompassing Blondin-Douvray-Dos Rada porphyry copper system, the first mineral development project to reach the Mining Exploitation Permitting stage since the enactment of Haiti's Mining Code in 1976 . With: 1) the award of the PEM and a Mining Convention executed with the State and valid until 2020 in hand; 2) this new NI 43-101 resource estimate completed; 3) preliminary engineering (non NI 43-101) and metallurgical studies completed; and 4) a future deep-sea port in the planning stages at the new Caracol industrial park located 11 km to the North, Douvray has the potential to be fast-tracked to commercial production, and to become the first modern industrial-scale mining operation in Haiti".

The Douvray porphyry copper deposit outcrops along a +200 m high northwest trending ridge, within tonalite - granodiorite intrusions and sills, and adjacent volcanic and volcaniclastic rocks. The mineralization has a high bornite content and a low overall sulphide content; two characteristics that are favourable for metallurgy and for environmental considerations during and after mining. Based on the surface footprints of other, recently mapped copper-gold in soil and outcrop anomalies and on regional geophysical IP surveys, Majescor geologists see considerable expansion potential along strike from Douvray. The historical Blondin copper-gold deposit is located 2 km to the NW of Douvray and has historical resources that could be brought-up to NI 43-101 standards with additional drilling. Blondin is highly prospective, as is the Dos Rada copper prospect located 2 km to the SE of Douvray. The Company and Haitian partner SOMINE SA plan to continue with an aggressive exploration program in 2013 which will include over 10,000 m of infill and extension drilling, as well as a second phase of metallurgical testing to improve copper and associated metal recoveries. Adjacent to the Douvray copper deposit trend to the SW is the Faille B vein gold prospect. Majescor geologists believe there is, at present, sufficient data for 43-101 compliant resource calculation, and further drilling is planned to expand this potential gold resource

Douvray deposit inferred mineral resource estimate modeling method parameters

The Inferred Mineral Estimate for the Douvray porphyry copper - (gold-silver-molybdenum) deposit was completed by independent Qualified Person RemiBosc of Arethuse Geology SARL and is reported in accordance with the guidelines of the Canadian Securities Administrators National Instrument 43-101. The estimate is derived from 15 core holes drilled at Douvray from 2011 to 2012 for a total of 6,206 m, and from an additional 24 core holes, totaling 6,233 m drilled by St-Geneviève Resources Ltd. and KWG Resources Inc. between January and July of 1997.

The resources are classified according to their proximity to the sample locations and are reported, as required by
NI 43-101, according to the CIM Definition Standards for Mineral Resources and Mineral Reserves. The Douvray Resource Estimate comprises relatively continuous, sub-vertical zones of copper (gold-silver-molybdenum) mineralization that show the potential to be mined from surface, up to a vertical depth of 500 m. The reasonable prospects of economic extraction have been tested using floating cone pit shells based on reasonable projections of technical and economic parameters. The results show that the oxide and sulfide resources could be amenable to open pit extraction methods. A marginal cut-off at 0.1% Cu was retained for the resources estimates, based on: 1) metal recoveries from initial metallurgical testing carried out at Metchib Laboratories of Chibougamau, Québec in 2012 (See Majescor Press Release dated May 10, 2012); and, 2) using reasonably conservative commodity prices, Cu = US$ 3.00/lb; Au = US$ 1,400/oz; Ag = US$ 25.0/oz; and Mo = US$ 24,000/t. A massive Cu wireframe was designed with a 0.1% cut-off, capping a set of intrusives along a North-South trend. Most of the value of the deposit is carried by Cu, and low grade credit where independently interpolated within the Cu envelope. The tropical surface oxidation profile, about 25m deep, was interpolated and reported independently. Full details of the modeling parameters and assumptions used in the NI 43-101 Mineral Resources Estimate for the Douvray porphyry copper-gold deposit will be published in a NI 43-101 technical report currently under preparation and which be filed on www.sedar.com within 45 days of this release.

Additional details about the granting of the Douvray Mining Exploitation Permit, together with the Company's mineral development strategy and project specific plans for 2013 will be made available through further press releases and will be posted on the Company's Website (www.majescor.com).

About the Douvray porphyry copper-gold project and Douvray Mining Exploitation Permit

The Douvray porphyry copper-gold project is the first mineral development project to reach the Mining Exploitation permitting ("PEM") stage since the enactment of Haiti's Mining Code in 1976. The Douvray PEM is held within the limits of SOMINE SA's former 50 km2 SOMINE Research Permit, the mineral rights and obligations of which were assigned under a Mining Convention executed between SOMINE SA and the State of Haiti on May 5, 2005 and valid until March 9, 2020. The Research Permit expired on June 22, 2012. On June 21, 2012 SOMINE SA submitted two independent technical reports (non-NI 43-101 compliant) to the BME. The technical reports were filed pursuant to SOMINE SA's obligations under the Mining Convention and in support of its application to have the 50 km2 SOMINE Research Permit converted to two (2) Mining Exploitation Permits.

Under Haitian mining law, a Mining Exploitation Permit is valid for five (5) years and is renewable until the start of commercial mining at which time the permit shall be automatically converted to a Mining Concession (valid for 25 years; renewable).Under the terms of the Mining Convention, the granting of the Mining Exploitation Permits will Majescor and SOMINE SA to carry out all advanced mineral development work, including but not limited to geological, geotechnical, metallurgical, engineering and environmental studies and new drilling to define additional mineral reserves (non NI 43-101), required to bring the Douvray and Faille B projects to commercial production.

In Other News

We regret to announce that, on January 9th, 2013, owing to personal reasons and other commitments, Mr. Jacques Trottier has resigned as a Director of the Board with the Company. We wish him well in all his endeavours.

About SIMACT Alliance Copper-Gold Inc. and SOMINE SA

SIMACT Alliance Copper-Gold Inc. ("SACG") is a 100%-held subsidiary of Majescor. SACG is the majority shareholder of SOMINE SA, a registered Haitian corporation holding 100% of the mineral rights to the Douvray and Faille B Mining Exploitation permits. SOMINE SA has designated Majescor/SACG as the Technical Operator of the Douvray porphyry copper-gold and Faille B vein gold project mineral development programmes.

About Majescor Resources Inc.

Majescor Resources Inc. is a junior explorer focusing on emerging mineral districts. In addition to the Douvray and Faille B projects, Majescor's project portfolio includes the Mistassini uranium exploration projects in Québec (under Joint-Venture: 40 % Majescor and 60% Strateco Resources Inc.) the Besakoa gold and base metal property in Madagascar (50%-50% joint venture with Sunridge Gold Corp.).

This press release has been prepared by C. Tucker Barrie, Ph.D., P.Geo. (Ontario), Vice-President Exploration and a Director of Majescor, and a qualified person under NI 43-101.

To find out more about Majescor Resources Inc. (TSX VENTURE:MJX), SIMACT Alliance Copper Gold Inc., the Douvray Copper-Gold and the Faille vein-gold projects as well as the Company's Mistassini uranium and Besakoa copper/gold properties, please visit our website at www.majescor.com.

Forward-Looking Statements

This News Release may contain or refer to "forward-looking statements" which reflect Management's expectations regarding the Company's future growth, results of operations, performance and business prospects and opportunities. These statements reflect Management's current beliefs at the time of this news release and are based on information currently available to Management. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives of Majescor Resources inc., are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Management's expectations are exploration risks detailed herein and from time to time in the filings made by the Company with securities regulators.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information:
Majescor Resources Inc.
Daniel Hachey
President & CEO
905.206.1604
613.241.7817 (FAX)
dan@majescor.com
www.majescor.com


Marketwire International
January 15, 2013 - 8:00 AM EST

http://www.montrealgazette.com/news/Haiti+from+rubble+after+quake/7809354/story.html

Looks like 2-3 years before mining can begin..I can wait! Weeeeeeee!

http://www.juniorminingnews.com/?p=934

lmfao

We're gonna be rich!

huge news for majescor!!!

MJX/mjxff Exploitation permits->

http://www.infomine.com/index/pr/PB269441.PDF

From AP:
Haiti awards gold, copper mining permits
Haitian government awards first-ever mining permits, to 2 companies seeking gold and copper

By Evens Sanon and Danica Coto, Associated Press | Associated Press – 16 hours ago
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MJX.V 0.085 0.01

PORT-AU-PRINCE, Haiti (AP) -- Haiti's government announced Friday that it has awarded permits for the first time in the country's history to allow two companies to openly mine for gold and copper.
The nation's mining director, Ludner Remarais, said he hopes the move will bring a badly needed burst of money to the impoverished Caribbean country of 10 million people where many live on a $1.25 a day.
Remarais issued a gold and copper exploitation permit to SOMINE SA, which is jointly owned by Canadian company Majescor Resources Inc. and Haitian investors. Remarais issued a second gold exploitation permit to VCS Mining LLC, a North Carolina-based mining company with offices in Haiti.
"It allows us to finally produce and make money, at least get to that step," Majescor CEO Dan Hachey said in a phone interview. "It's also a great step forward for the mining industry in Haiti."
The company still has to submit a preliminary environmental assessment, although obtaining the permit is the final step to allow open-pit mining, Hachey said. He added that a deadline hasn't been set.
The company will do additional drilling to better determine where the minerals are located, Hachey said.
"You want to see how far these deposits are, how broad, how wide, how deep, how long," he said.
Hachey said the company expects to invest about $75 million to get to the production stage for gold mining. He added that It will take hundreds of millions of dollars more to reach the production stage for copper mining, which he described as more difficult.
SOMINE engineer Michel Lamarre said he expects exploration to start in 36 to 42 months, adding that the company has already spent $10 million in research.
VCS CEO and Chairman Angelo Viard said in a phone interview that the company will start open-pit mining within two or three years.
"We are going to do things the right way," he said. "We are not going to rush. Our number one priority is the environment."
Viard said that company will likely invest between $25 million and $30 million in the process.
Friday's announcement comes after U.S. and Canadian investors spent more than $30 million in recent years on exploratory drilling and other mining-related activities in Haiti. In the past year, mining companies launched exploratory drills in Haiti's northeast region, saying they found precious metals that could be worth up to $20 billion.
___
Associated Press writers Evens Sanon reported this story in Port-au-Prince and Danica Coto reported from San Juan, Puerto Rico.

http://www.ceoclips.com/companies/Majescor-Resources-CEO-2012.html

can't see it in IE .. i've read her 'ideas' before though...

http://newsjunkiepost.com/2012/11/29/haitis-gold-rush-an-ecological-crime-in-the-making/

one can only hope... not sure when it will air or how many times

We're gonna be rich!

maybe terry can bring this turd back to .20s...

Very Interesting!

Profiles interview, this could just drum up some interest... from the Profiles site

"The show connects decision makers in business, finance and government to a broad network of information. The show's producers strive to provide stories that are consistently compelling, diverse and visually engaging while presenting something new for every viewer with each story. Additionally, the show's press releases, topic-specific blogs and internet fan page include a collection of engaging news stories, show highlights and video clips. Presented to more than 90 million households in the United States, Profiles with Terry Bradshaw's programming (weekdays and weekends from 6:00 a.m.-11:00 p.m. ET) is produced at United States Media Television's corporate studios and headquarters in Coral Springs, FL and is filmed on location worldwide. Viewers of Profiles with Terry Bradshaw are business owners, business executives and financial professionals. The show airs regionally on CNN Headline News and Regional News Networks and nationally on Fox Business Network. According to a 2010 Fox Business Network/Wall Street Journal Subscriber/Viewer Study survey, average household income of viewers is $250,000 and a median wealth of $1.4 million. 41 percent have more than $1 million in all financial accounts."

MJX... Terry Bradshaw interview??? wtf.. just found this:

http://majescor.com/uploads/mjx_presentation_october2012.pdf

Fresh Releases - October 23, 2012
Lydian T.LYD | Majescor Resources V.MJX | Marathon Gold T.MOZ
Kevin Michael Grace

Lydian reports Armenia Gold Assays up to 1.1 g/t over 92m

Majescor reports Haiti Gold Assays up to 3.23 g/t over 35.7m

Marathon reports Nfld Gold Resource: 682K oz M&I, 145K oz inferred

Read the entire press release summary on these assay results. http://resourceswire.com/2012/10/fresh-releases-9/

Majescor reports 35.65 m of 3.23 g/t Au in Hole FB-010; 4.50 m of 9.93 g/t Au in Hole FB-013; and 11.00 m of 1.94 g/t Au in Hole FB-014 at Faille B vein gold prospect, Northeast Haiti
Tuesday, October 23, 2012
Not for distribution to U.S. newswire services or for dissemination in the United States. Any failure to comply with this restriction may constitute a violation of U.S. securities law


Montréal, QC, October 23, 2012. Majescor Resources Inc. (“Majescor” or the “Company”) (MJX: TSX-V) is pleased to report final assay results from the five recently completed shallow drill holes (total: 639.50 m) targeting the historical “Central Zone” of the Faille B vein gold prospect, Northeast Haiti. Highlights from the drilling include (Table 1):


- Hole FB-010: 35.65 m grading 3.23 g/t Au, 0.42 g/t Ag and 0.06% Cu (from 66.00 m to 101.65 m), including:
o 1.65 m grading 67.97 g/t Au, 5.10 g/t Ag, and 0.22% Cu (from 100.00 m to 101.65 m);


- Hole FB-011: 7.25 m grading 0.95 g/t Au, 0.51 g/t Ag and 0.11% Cu (from 34.50 m to 41.75 m), including:
o 2.79 m grading 2.28 g/t Au, 0.51 g/t Ag and 0.11% Cu (from 34.50 m to 37.29 m);


- Hole FB-012 *: 17.50 m grading 2.90 g/t Au, 0.95 g/t Ag and 0.14% Cu (from 58.00 m to 75.50 m), including:
o 3.90 m grading 10.12 g/t Au, 1.50 g/t Ag and 0.22% Cu (from 58.00 m to 61.90 m);


- Hole FB-013: 20.15 m grading 0.58 g/t Au, 0.71 g/t Ag and 0.11% Cu (from 42.85 m to 63.00 m), including:
o 3.15 m grading 2.25 g/t Au, 1.37 g/t Ag and 0.12% Cu (from 42.85 m to 46.00 m); and:

- Hole FB-013: 4.50 m grading 9.93 g/t Au, 2.67 g/t Ag and 0.16% Cu (from 102.00 m to 106.50 m), including:
o 1.50 m grading 29.51 g/t Au, 4.10 g/t Ag and 0.04% Cu (from 102.00 m to 103.50 m);


- Hole FB-014: 11.0 m grading 1.94 g/t Au, 0.90 g/t Ag and 0.11% Cu (from 87.00 m to 98.00 m), including:
o 2.00 m grading 8.73 g/t Au, 2.00 g/t Ag and 0.22% Cu (from 91.50 m to 93.50 m);


- Hole FB-014: 1.95 m grading 10.97 g/t Au, 5.90 g/t Ag and 1.49% Cu (from 114.75 m to 116.70 m).


Daniel Hachey, President and CEO of Majescor states: “The results of this initial round of drilling at the Central Zone not only confirm the presence of anomalous gold grades and significant intersections near-surface as reported by historical drilling, they show the potential for higher grades at depth past the 100 m drill mark, as seen in holes FB-010, FB-013 and FB-014. Faille B will be a major focus for Majescor in 2013 as we expand the drilling to define a first NI 43-101 compliant resource estimate for the Central Zone while continuing the step-out drilling process in order to test the extensions of the mineralisation along strike and at depth. The Faille B gold prospect is situated along a major and virtually untested tectonic feature which extends 45 km to the southeast well into neighbouring Dominican Republic where it is host to recent gold discoveries by Unigold and Goldquest”.


Table 1. Summary of best drill intercepts at the Faille B gold prospect


Hole ID Azimuth Dip From (m) To (m) Width (m) Au (g/t) Ag (g/t) Cu (%)
FB-010 040o -56o 66.00 101.65 35.65 3.23 0.42 0.06
includes 15.00 36.00 21.00 0.84 1.05 0.14
includes 27.00 28.50 1.50 2.06 1.10 0.16
includes 30.00 31.50 1.50 4.53 2.20 0.18
includes 35.50 36.00 0.50 8.12 2.90 0.34
Includes 100.00 101.65 1.65 67.97 5.10 0.22
FB-011 026o -56o 7.00 16.00 9.00 0.53 0.73 0.10
includes 7.00 8.50 1.50 2.01 1.00 0.16
FB-011 34.50 41.75 7.25 0.95 0.51 0.11
includes 34.50 37.29 2.79 2.28 0.51 0.11
includes 36.70 37.29 0.59 8.48 1.30 0.31
FB-012 026o -50o 29.00 42.00 13.00 0.30 1.04 0.16
includes 33.00 34.50 1.50 0.82 1.50 0.22
FB-012 58.00 75.50 17.50 2.90 0.95 0.14
includes 58.00 61.90 3.90 10.12 1.50 0.22
includes 63.20 63.45 0.25 1.60 5.30 0.85
includes 71.00 72.50 1.50 1.49 1.10 0.21
includes 74.00 75.50 1.50 4.72 0.20 0.16
FB-012 83.00 93.20 10.20 0.39 0.47 0.08
includes 87.50 93.20 5.70 0.51 0.64 0.08
includes 91.50 92.50 1.00 1.58 1.70 0.17
FB-013 026o -85o 3.50 10.25 6.75 0.27 0.32 0.18
includes 5.50 8.10 2.60 0.46 0.30 0.11
FB-013 19.00 20.50 1.50 0.82 0.40 0.05
FB-013 36.00 37.00 1.00 0.46 2.30 0.24
FB-013 42.85 63.00 20.15 0.58 0.71 0.11
includes 42.85 46.00 3.15 2.25 1.37 0.12
includes 42.85 43.25 0.40 15.71 4.50 0.44
includes 55.50 56.00 0.50 2.03 1.70 0.17
includes 57.00 57.50 0.50 1.93 3.00 0.66
FB-013 87.00 88.00 1.00 3.06 2.70 0.49
FB-013 102.00 106.50 4.50 9.93 2.67 0.16
includes 102.00 103.50 1.50 29.51 4.10 0.04
FB-014 030o -56o 30.50 31.60 1.10 0.12 0.90 0.23
FB-014 49.55 50.15 0.60 0.21 1.70 0.44
FB-014 60.10 76.50 16.40 0.25 1.86 0.14
includes 60.10 70.50 10.40 0.32 2.38 0.17
FB-014 87.00 98.00 11.00 1.94 0.90 0.11
includes 87.00 87.70 0.70 4.47 5.90 0.66
includes 91.50 93.50 2.00 8.73 2.00 0.22
includes 91.50 92.50 1.00 12.19 2.60 0.24
includes 92.50 93.50 1.00 5.27 1.40 0.21
FB-014 114.75 116.70 1.95 10.97 5.90 1.49


* see Majescor Press Release dated September 20, 2012


The drill hole assay database at the time Hole FB-012 results were released contained five greater than 10 g/t Au assays. These over limit samples, together with a selection of other drill core samples registering greater than 1 g/t Au were re-analysed using metallic screen fire assay analysis (Acme Labs Code: G615-G610; 50 g samples (www.acmelab.com)). The drill hole database incorporates the metallic screen assay results.


The Faille B gold prospect is located 1.8 km to the south of the Company’s Douvray porphyry copper-gold prospect where the Company recently completed 15 drill holes. The quartz vein and shear hosted gold prospect was discovered by the United Nations Development Programme (“UNDP”) in 1983 and was drill tested by the UNDP between September 1985 and May 1987 (the UNDP also excavated >15 trenches across the strike of the quartz-gold vein system). A total of 31 drill holes (3,186 m) tested the Faille B shear structure over a strike length of 1.8 km utilizing a hole spacing of between 60 m to 250 m. Drill hole depths ranged from 44 m to 190 m and apart from two sub-vertical holes, all other holes were inclined between -54o to -60o. The UNDP drilling programme outlined mineralization over a 1.0 km strike length, with a northwest-southeast trend, and dipping 45o to 60o to the southwest. Initial, non-NI 43-101 compliant gold resources estimates were calculated down to a depth of 110 m (refer to NI 43-101 qualifying report by Barrie (2009) posted on www.sedar.com and at www.majescor.com). Subsequent drill holes by partner SOMINE SA in 2009 and now by Majescor/SOMINE (total of 15 drill holes) were positioned perpendicular to the plane formed by the southwest dipping array of veins in order to test lateral and vertical continuity. The host rocks at Faille B comprise of propylitically altered and foliated dacite feldspar porphyry and andesite, with minor sulphide content. The gold mineralization at Faille B is within and adjacent to a quartz carbonate vein array up to 30 m wide which contains visible pyrite, chalcopyrite, and sphalerite.


A map showing the location of the five drill holes at Faille B is available on the Company’s Website at www.majescor.com.


SIMACT Alliance Copper Gold Inc. (“SACG”), a Majescor 100%-held subsidiary, is the operator of the Faille B exploration program, per its agreement with partner and SOMINE project title holder, SOMINE SA.


Core sampling, analysis and quality control


Core samples from the SOMINE Project are cut in half using a rock saw. The half samples are sent to Acme Labs’ sample preparation and expediting facility in the Dominican Republic (www.acmelab.com). All analytical work is performed at Acme’s laboratory in Santiago, Chile. All samples are analyzed by Agua Regia digestion, 1DX2 ICP-MS method. Any sample registering >1 wt % Cu is re-analysed using a four-acid total digestion by ICP-ES (Code 8TD-Cu), and any sample returning a value of greater than 100 ppb gold is re-analysed using gold Fire Assay AA finish. Samples registering greater than 10 g/t Au are re-analysed using metallic screen fire assay analysis (Acme Labs Code: G615-G610; 50 g samples). Acme Labs is an ISO 9001:2008 qualified assayer that performs and makes available internal assaying controls. Quality control protocols in place by Majescor/SACG consist of the insertion of one blank, one reject duplicate and one of three different certified reference standard materials in every batch of 20 samples. Core recovery in the mineralized zones has been averaging greater than 90% to date.


About the SOMINE Project


The SOMINE project consists of a Research Permit covering 50 km2, the mineral rights and obligations of which have been assigned under a Mining Convention executed between SOMINE SA and the State of Haiti on May 5, 2005 and valid until March 9, 2020. The Research Permit expired on June 22, 2012. On June 21, 2012 SOMINE SA filed two independent technical reports (non-NI 43-101 compliant) to the Haitian Bureau of Mines and Energy (the “BME”) in Port-au-Prince. The technical reports were filed pursuant to SOMINE SA’s obligations under the Mining Convention and in support of SOMINE SA’s application to have the 50 km2 SOMINE Research Permit converted to: one (1) 25 km2 Mining Exploitation Permit covering the Blondin-Douvray-Dos Rada porphyry copper system which contains the Douvray porphyry copper-gold prospect; and one (1) 20 km2 Mining Exploitation Permit covering the Faille B vein gold-copper prospect and host shear structure. Under the terms of the Mining Convention (Article 17), and conditional upon SOMINE SA honouring other provisions set-out in the Mining Convention, upon receiving the two technical reports, the BME has thirty (30) days to issue the two Mining Exploitation Permits. Under Haitian mining law, a Mining Exploitation Permit is valid for five (5) years and is renewable until the start of commercial mining at which time the permit shall be converted to a Mining Concession (valid for 25 years; renewable). The award by the BME of the two Mining Exploitation Permits to Majescor/SACG partner and title-holder SOMINE SA is pending.


SOMINE SA 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. SOMINE SA has requested the conversion of 3 of 4 Prospecting Permits to Research Permits (50 km2 each) and has filed all technical and source documents in support of its application with the Haitian Bureau of Mines (“BME”).


About SIMACT Alliance Copper Gold Inc. and SOMINE SA


SIMACT Alliance Copper Gold Inc. (“SACG”) is a 100%-held subsidiary of Majescor. SACG is the majority shareholder of SOMINE SA, a registered Haitian corporation holding 100% of the mineral rights to the SOMINE project. SOMINE SA has designated SACG as the Technical Operator of the SOMINE project exploration programme.


About Majescor Resources Inc.


Majescor Resources Inc. is a junior explorer focusing on emerging mineral districts. In addition to the SOMINE project, Majescor's project portfolio includes the Mistassini uranium exploration projects in Quebec (under Joint-Venture: 40 % Majescor and 60% Strateco Resources Inc.) the Besakoa gold and base metal property in Madagascar (50%-50% joint venture with Sunridge Gold Corp.).


This press release has been prepared by Marc-André Bernier, M.Sc., P.Geo. (Ontario and Québec), technical adviser and a Director of Majescor, and a qualified person under NI 43-101.


To find out more about Majescor Resources Inc. (TSX-V: MJX), SIMACT Alliance Copper Gold Inc., the SOMINE copper-gold Property as well as the Company’s Mistassini uranium and Besakoa copper/gold properties, please visit our website at www.majescor.com, or contact us directly at:


Daniel Hachey
President & CEO
Majescor Resources Inc.
dan@majescor.com
Tel: 905.206.1604
Fax: 613.241.7817


www.majescor.com




Forward-Looking Statements


This News Release may contain or refer to "forward-looking statements" which reflect Management's expectations regarding the Company's future growth, results of operations, performance and business prospects and opportunities. These statements reflect Management's current beliefs at the time of this news release and are based on information currently available to Management. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives of Majescor Resources inc., are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Management’s expectations are exploration risks detailed herein and from time to time in the filings made by the Company with securities regulators.


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release

come on ?!?!? r u serious... -->


MAJESCOR ANNOUNCES $2.4 MILLION NON-BROKERED FINANCING
Tuesday, October 16, 2012
MONTREAL, QUEBEC October 16, 2012 - Majescor Resources Inc. (TSXV: MJX) ("Majescor" or the "Company") announces a non-brokered private placement offering (the "Offering") of up to 20,000,000 units (the "Units") at a price of $0.12 per Unit for gross proceeds of up to $2,400,000.
Each Unit will consist of one (1) common share of the Company (a "Share") and one (1) common share purchase warrant (a "Warrant"). Each Warrant will entitle the holder thereof to acquire one (1) additional common share of the Company at a price of $0.18 for a period of twenty-four (24) months following the closing of the Offering. The Warrants are subject to an accelerated expiry if, the published closing trade price of the common shares on the TSX Venture Exchange Inc. (the “Exchange”) is equal or greater than $0.36 for a period of 20 consecutive trading days, commencing on the day following the expiry of the four (4) month resale restriction period in which event the Company may give the holder a written notice and the Warrants will automatically expire, if not exercised, 30 days after receipt of such notice.
In connection with the Offering, the Company will pay up to 8% commission of the gross proceeds of the Offering and may issue a maximum of 8% of non-transferable warrants entitling the holders to acquire the same number of common shares at a price of $0.15 per common share for a period of eighteen (18) months following the closing of the Offering.

The net proceeds from the Offering will be used for surface work on the SOMINE project in Haiti, the completion of NI 43-101 resource estimate and report, and for general working capital requirements.
All securities issued in the Offering will be subject to a four month hold period and regulatory approval.
The closing is expected to be on or before November 1, 2012.

About SIMACT Alliance Copper Gold Inc. and SOMINE SA
SIMACT Alliance Copper Gold Inc. (“SACG”) is a 100%-held subsidiary of Majescor. SACG is the majority shareholder of SOMINE SA, a registered Haitian corporation holding 100% of the mineral rights to the SOMINE project. SOMINE SA has designated SACG as the Technical Operator of the SOMINE project exploration programme.
About Majescor Resources Inc.
Majescor Resources Inc. is a junior explorer focusing on emerging mineral districts. In addition to the SOMINE project, Majescor's project portfolio includes the Mistassini uranium exploration projects in Quebec (under Joint-Venture: 40 % Majescor and 60% Strateco Resources Inc.) the Besakoa gold and base metal property in Madagascar (50%-50% joint venture with Sunridge Gold Corp.).

To find out more about Majescor Resources Inc. (TSX-V: MJX), SIMACT Alliance Copper Gold Inc., the SOMINE copper- gold project as well as the Company’s Mistassini uranium and Besakoa copper/gold properties, please visit our website at www.majescor.com, or contact us directly at:

Daniel Hachey President & CEO Majescor Resources Inc.
dan@majescor.com
Tel: 905.206.1604
Fax: 613.241.7817
www.majescor.com

Forward-Looking Statements

This News Release may contain or refer to "forward-looking statements" which reflect Management's expectations regarding the Company's future growth, results of operations, performance and business prospects and opportunities. These statements reflect Management's current beliefs at the time of this news release and are based on information currently available to Management. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives of Majescor Resources inc., are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Management’s expectations are exploration risks detailed herein and from time to time in the filings made by the Company with securities regulators.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Majescor intersects 388.5 m of 0.26% Cu, 0.38g/t Ag, 0.01 g/t Au and 15.07 ppm Mo in final drill hole D-017 at Douvray, Northeast Haiti
Tuesday, October 09, 2012
– Provides update on project permitting and on high silver assays in near-surface oxide zone

Not for distribution to U.S. newswire services or for dissemination in the United States. Any failure to comply with this restriction may constitute a violation of U.S. securities law

Montreal, QC, October 9, 2012. Majescor Resources Inc. (“Majescor” or the “Company”) (MJX: TSX-V) is pleased to provide the results of the final two drill holes at the Douvray porphyry copper-gold prospect, Northeast Haiti:

- Hole D-017 (Azimuth 070o; Dip: -60o; Depth: 401 m) which targeted the East Limb of the Douvray prospect has intersected 388.5 m grading 0.26% Cu, 0.38 g/t Ag, 0.01 g/t Au and 15.07 ppm Mo (from 12.50 m to 401.00 m) (Table 1) including:

o 278.28 m grading 0.30% Cu, 0.46 g/t Ag; 0.02 g/t Au and 17.58 ppm Mo (from 122.72 m to 401.00 m);

- Hole D-013 (Azimuth 070o; Dip:-75o; Depth: 499 m), which also targeted the East limb and was designed as an undercut to Hole D-008 has intersected 154.55 m grading 0.26% Cu, 0.61 g/t Ag, 0.03 g/t Au and 11.33 ppm Mo (from 230.20 m to 384.75 m) (Table 1), including:

o 46.05 m grading 0.41% Cu, 0.96 g/t Ag; 0.04 g/t Au and 10.41 ppm Mo (from 277.95 m to 324.00 m).

The Douvray copper prospect core drilling program which ended in July comprised of 15 holes totalling 5,534.6 m (Table 1). The results from all 15 holes will form the basis of the Company’s first National Instrument (NI) 43-101 compliant resource estimate at Douvray, currently under preparation. A map showing the location of the drill holes at Douvray is available at the Company’s WEB site at www.majescor.com. Drill holes D-013 and D-017, along with results from all previously released drill intersections and historic drilling at Douvray can be seen in a three-dimensional (“3D”) model of the Douvray prospect available at www.corebox.net. Sectional view of the drilling can also be seen within the CoreBox® WEB application.

Mining Exploitation Permits for Douvray and Faille B

The Company also wishes to provide an update on the permitting process for the Douvray copper-gold prospect and for the Faille B gold prospect. On June 21, 2012, Majescor/SIMACT Alliance Copper Gold Inc. (“SACG”), and Haitian partner and SOMINE project titleholder SOMINE SA filed two independent technical reports (non-National Instrument (“NI”) 43-101 compliant) to the Haitian Bureau of Mines and Energy (“BME”) in Port-au-Prince. The technical reports were filed pursuant to SOMINE SA’s obligations under the Mining Convention and in support of SOMINE SA’s application to have the 50 km2 SOMINE Research Permit which expired on June 22, 2012 converted to: one (1) 25 km2 Mining Exploitation Permit covering the Blondin-Douvray-Dos Rada porphyry copper system which contains the Douvray porphyry copper-gold prospect; and one (1) 20 km2 Mining Exploitation Permit covering the Faille B vein gold-copper prospect and host shear structure.

Under the terms of the Mining Convention, and conditional upon SOMINE SA honouring other provisions set-out in the Mining Convention, the BME was to issue the two Mining Exploitation Permits within thirty (30) days of receiving the two technical reports. On July 19, 2012, SOMINE SA received a formal request by the BME for additional information regarding the technical reports. Subsequent to the notice, a series of meetings were held with the BME between August 29 and October 2 during which revised sections of the technical reports were presented. Selected other components of the technical studies were further discussed. Subsequent to the October 2 meeting, SOMINE SA has filed the final updated technical and source documents in support of its application for the two Mining Exploitation Permits with the BME. Under Haitian mining law, a Mining Exploitation Permit is valid for five (5) years and is renewable until the start of commercial mining at which time the permit shall be converted to a Mining Concession (valid for 25 years; renewable). The award by the BME of the two Mining Exploitation Permits is pending.

Table 1. Summary of best drill intercepts at the Douvray Prospect

Hole ID Azimuth Dip From To Width Cu Au Ag Mo
(m) (m) (m) (%) (g/t) (g/t) ppm
D-001 250o -70o 77.50 308.50 231.00 0.50 0.06 1.47 NR
including 103.00 200.50 97.50 0.83 0.10 2.66 NR
D-002 - -90o 91.50 386.60 295.10 0.78 0.10 2.82 50.00
D-003 070o -45o 70.50 98.75 28.25 0.35 0.01 0.55 NR
137.75 155.75 18.00 0.38 0.22 0.58 NR
185.75 200.75 15.00 0.34 0.01 0.22 NR
D-004 - -90o 36.00 76.60 40.60 0.31 0.06 0.65 NR
D-005 - -90o 25.50 238.30 212.80 0.60 0.08 0.88 NR
including 41.60 173.80 132.20 0.74 0.09 1.02 NR
281.80 299.80 18.00 0.34 0.14 1.76 NR
349.30 361.00 11.70 1.36 0.19 4.09 NR
D-008 070o -57o 17.00 439.60 422.60 0.232 0.03 0.42 NR
including 54.50 144.50 90.00 0.310 0.03 0.51 NR
including 236.20 287.95 51.75 0.384 0.08 0.66 NR
including 313.45 423.10 109.65 0.300 0.04 0.60 NR
D-009 - -90o 70.20 464.50 394.30 0.32 0.12 1.34 NR
including 275.40 382.00 106.60 0.68 0.40 3.27 NR
including 329.50 332.50 3.00 0.45 6.29 4.45 NR
D-010 - -90o 225.60 233.80 8.20 0.48 0.02 0.96 4.47
247.30 251.80 4.50 0.36 0.45 0.47 10.40
311.50 320.50 9.00 0.31 0.01 0.60 21.25
355.00 362.50 7.50 0.35 0.08 0.72 26.24
394.00 397.00 3.00 0.43 0.01 0.70 27.65
D-011 070o -70o 56.00 63.50 7.50 0.39 0.01 0.51 NR
84.50 91.50 7.00 0.49 0.01 0.41 NR
286.60 294.80 8.20 0.44 0.21 2.16 NR
332.80 353.80 21.00 0.29 0.10 1.69 NR
D-012 070o -85o 8.00 302.00 294.00 0.25 0.03 0.72 9.21
including 39.20 89.45 50.25 0.38 0.06 0.77 14.87
151.50 172.50 21.00 0.24 0.03 0.70 7.54
198.00 226.50 28.50 0.30 0.01 0.76 9.19
D-013 070o -75o 230.20 384.75 154.55 0.26 0.03 0.61 11.33
including 277.95 324.00 46.05 0.41 0.04 0.96 10.41
including 330.00 352.15 22.15 0.24 0.03 0.60 8.73
D-014 070o -70o 15.50 160.50 145.00 0.38 0.14 0.71 9.21
including 15.50 27.50 12.00 1.98 0.84 3.26 5.98
15.50 71.50 56.00 0.71 0.21 1.24 15.64
D-015 - -90o 3.60 184.00 180.40 0.32 0.05 0.59 16.76
including 3.60 70.00 66.40 0.48 0.08 0.89 9.00
including 31.60 67.00 35.40 0.59 0.08 1.20 15.04
D-016 - -90o 2.00 278.40 276.40 0.35 0.05 1.34 27.13
including 2.00 23.00 21.00 0.47 0.03 2.90 1.59
including 89.70 149.50 59.80 0.56 0.04 2.04 10.96
including 187.00 199.00 12.00 1.08 0.09 3.04 18.50
including 261.11 278.40 17.29 0.82 0.19 3.27 176.92
D-017 070o -60o 12.50 401.00 388.50 0.26 0.01 0.38 15.07
including 122.72 401.00 278.28 0.30 0.02 0.46 17.58
including 122.72 143.30 20.58 0.48 0.01 0.40 12.28
including 219.90 261.50 41.60 0.32 0.01 0.39 18.15
including 306.00 355.50 49.50 0.51 0.05 1.07 47.96
including 370.50 397.40 26.90 0.31 0.02 0.65 5.48
NR: Not reported

The Corebox® 3D model and sectional views of the Douvray prospect (www.corebox.net) highlight the extent of copper gold and silver mineralization underneath the ridge forming the topographic high that is over 200 m above the alluvial plane. Geological 3D modelling of the Douvray copper mineralization using Gemcom’s Surpac™ resource modelling software (under license to CanMineX Enterprises Ltd.) displays features of a “typical” porphyry copper deposit with a steep walled cylindrical central core comprised mostly of felsic porphyritic intrusive rock surrounded by mafic volcanic rocks. The Douvray mineralization occurs as disseminations or stockwork structures that appear to be concentrated in two steeply dipping (65o to 70º) strongly mineralized chutes on opposing sides of the centrally mineralized porphyry stock where higher grade copper mineralization is focused in the mafic volcanic lithologies spatially associated with the porphyry stocks. Significant mineralization also occurs above the core giving an overall northwest/southeast trending anticlinal geometry to the copper mineralization.

Through the Corebox® Google Earth® plug-in, it can also be seen that the Douvray prospect is located at a horizontal distance of 11.68 km southeast of a deep water port under construction at the Caracol industrial park (www.ute.gouv.ht/caracol/index.php/).

SIMACT Alliance Copper Gold Inc. (“SACG”), a Majescor 100%-held subsidiary, is the operator of the SOMINE exploration program, per its agreement with partner and project title holder, SOMINE SA.

Douvray and Blondin prospect near-surface drill bit silver contamination

In its press releases dated February 12 and March 13, 2012, the Company reported high silver values in the near-surface (less than 15 m) portion of the oxide zone at the Douvray and Blondin porphyry copper-gold prospects. Upon subsequent inspection of the assay data, Majescor management noted that high silver values in the near-surface oxide zone were accompanied by anomalously high levels of tungsten. Tungsten is commonly present in high strength alloy steel used in drill bits and in steel jaw crushers used by analytical laboratories. Accordingly, select drill sample pulps and rejects with high silver and tungsten values from the Douvray core drilling program were submitted for investigation to Overburden Drilling Management (“ODM”) of Ottawa, Ontario, a laboratory specialised in the mineralogical analysis and interpretation of overburden surveys. Also, as a preventive measure, high silver values from the near-surface oxide zone have been removed from the drill database (n = 12, in a database of n = 3200, or 0.0375% of the silver analyses at Douvray) and from the Majescor Website and are not included in the Corebox® 3D model for Douvray. Furthermore, all assay values above the sulphide-oxide interface have been excluded in the NI 43-101 resource estimate currently underway for the Douvray prospect.

On September 27, 2012, Majescor received ODM’s report which confirmed suspicions that contamination from the drill bits occurred in the near-surface oxide zone at Douvray. The ODM report is posted on the Company’s Website at www.majescor.com.

C. Tucker Barrie, Ph.D., P. Geo. and Vice-President of Exploration for Majescor states “Upon recognising the pattern of anomalous Ag-W values in drill core from the near-surface oxide zone at Douvray and Blondin, precautionary measures were immediately implemented including removing any high Ag values from the drill hole database and mandating Overburden Drilling Management to investigate the potential for drill bit or steel crusher contamination. ODM’s report clearly demonstrates the presence in drill core rejects of drill bit steel pieces containing not only high silver but also fine diamonds used as an abrasive for drilling, definitively answering questions about the source for the high silver assays.”

Mr Barrie further states that: “This is a highly unusual situation, but it is not unprecedented. ODM has conducted a similar study recently for another mineral exploration company that encountered the same problem. We are posting the ODM report on our Website for clarity, and to provide others who encounter such a situation with a path toward resolving drill bit silver contamination issues. In any case, our upcoming NI 43-101 resource estimate will focus exclusively on the sulphide zone at Douvray, which has not been not affected by the silver contamination.”

Core sampling, analysis and quality control

Core samples from the SOMINE Project are cut in half using a rock saw. The half samples are sent to Acme Labs’ sample preparation and expediting facility in the Dominican Republic (www.acmelab.com). All analytical work is performed at Acme’s laboratory in Santiago, Chile. All samples are analyzed by Agua Regia digestion, 1DX2 ICP-MS method. Any sample registering >1 wt % Cu is re-analysed using a four-acid total digestion by ICP-ES (Code 8TD-Cu), and any sample returning a value of greater than 100 ppb gold is re-analysed using gold Fire Assay AA finish. Acme Labs is an ISO 9001:2008 qualified assayer that performs and makes available internal assaying controls. Quality control protocols in place by Majescor/SACG consist of the insertion of one blank, one reject duplicate and one of three different certified reference standard materials in every batch of 20 samples. Core recovery in the mineralized zones has been averaging greater than 90% to date.

About SIMACT Alliance Copper Gold Inc. and SOMINE SA

SIMACT Alliance Copper Gold Inc. (“SACG”) is a 100%-held subsidiary of Majescor. SACG is the majority shareholder of SOMINE SA, a registered Haitian corporation holding 100% of the mineral rights to the SOMINE project. SOMINE SA has designated SACG as the Technical Operator of the SOMINE project exploration programme.

About Majescor Resources Inc.

Majescor Resources Inc. is a junior explorer focusing on emerging mineral districts. In addition to the SOMINE project, Majescor's project portfolio includes the Mistassini uranium exploration projects in Quebec (under Joint-Venture: 40 % Majescor and 60% Strateco Resources Inc.) the Besakoa gold and base metal property in Madagascar (50%-50% joint venture with Sunridge Gold Corp.).

This press release has been prepared by Marc-André Bernier, M.Sc., P.Geo. (Ontario and Québec), technical adviser and a Director of Majescor, and a qualified person under NI 43-101.

To find out more about Majescor Resources Inc. (TSX-V: MJX), SIMACT Alliance Copper Gold Inc., the SOMINE copper-gold Property as well as the Company’s Mistassini uranium and Besakoa copper/gold properties, please visit our website at www.majescor.com, or contact us directly at:

Daniel Hachey
President & CEO
Majescor Resources Inc.
dan@majescor.com
Tel: 905.206.1604
Fax: 613.241.7817

www.majescor.com


Forward-Looking Statements

This News Release may contain or refer to "forward-looking statements" which reflect Management's expectations regarding the Company's future growth, results of operations, performance and business prospects and opportunities. These statements reflect Management's current beliefs at the time of this news release and are based on information currently available to Management. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives of Majescor Resources inc., are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Management’s expectations are exploration risks detailed herein and from time to time in the filings made by the Company with securities regulators.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

http://www.thestreet.com/story/11719921/1/haiti-pm-mining-law-could-be-drafted-in-6-months.html


page 2 mention...

from the 9/20 pr and i find myself wondering if this was overlooked and/or what the final results will be: " Final drill assay results for holes FB-010, FB-011, FB-013 and FB-014, including five over-limit Au assays, are pending"

Majescor intersects 17.5 m of 2.59 g/t Au, 0.95 g/t Ag and 0.14% Cu in Hole FB-012 at Faille B vein gold prospect, Northeast Haiti – Includes sub-intercept of 3.9 m grading 8.96 g/t Au, 1.50 g/t Ag, and 0.22% Cu
Thursday, September 20, 2012
Not for distribution to U.S. newswire services or for dissemination in the United States. Any failure to comply with this restriction may constitute a violation of U.S. securities law

Montréal, QC, September 20, 2012. Majescor Resources Inc. (“Majescor” or the “Company”) (MJX: TSX-V) is pleased to report that drill hole FB-012 which targeted the historical “Central Zone” of the Faille B vein gold prospect, Northeast Haiti, has intersected 17.5 m grading 2.59 g/t Au, 0.95 g/t Ag and 0.14% Cu (from 58.0 m to 75.5 m). Hole FB-012 (Azimuth: 026o; Dip -50o; Depth: 131.0 m) also contains a series of significant sub-intercepts including 3.9 m grading 8.96 g/t Au, 1.50 g/t Ag and 0.22% Cu (Table 1).

Hole FB-012 is the second of five shallow drill holes (total: 639.50 m) recently completed at Faille B. The principal objectives of the core drilling program were to begin replicating key historical holes within the Central Zone in preparation for a first National Instrument (NI) 43-101 compliant resource estimate for Faille B; to map trace element geochemical signatures across the entire length of the core; and to start the step-out drilling process in order to test the down-hole continuity of the gold mineralisation. Final drill assay results for holes FB-010, FB-011, FB-013 and FB-014, including five over-limit Au assays, are pending. A map showing the location of the five drill holes at Faille B is available on the Company’s Website at www.majescor.com.

Daniel Hachey, President and CEO of Majescor states: “The first drill results to come out of Faille B are encouraging in that they demonstrate the gold potential of the Central Zone, add copper and silver as potentially recoverable by-products, and indicate additional gold potential down plunge for the array of gold-bearing veins. The fact that Faille B it located along a tectonic zone that trends into Unigold and Goldquest projects and significant gold prospects in the Dominican Republic certainly raises awareness about the potential of the Haitian portion of this major southeast-trending structure to become a new gold-bearing district on the island of Hispaniola”.

The Faille B gold prospect is located 1.8 km to the south of the Company’s Douvray copper-gold prospect, and along trend with recent gold discoveries by Unigold and Goldquest in the Dominican Republic located between 45 km to 86 km to the southeast. The quartz vein and shear hosted gold prospect was discovered by the United Nations Development Programme (“UNDP”) in 1983 and was drill tested by the UNDP between September 1985 and May 1987 (the UNDP also excavated >15 trenches across the strike of the quartz-gold vein system). A total of 31 drill holes (3,186 m) tested the Faille B shear structure over a strike length of 1.8 km utilizing a hole spacing of between 60 m to 250 m. Drill hole depths ranged from 44 m to 190 m and apart from two sub-vertical holes, all other holes were inclined between -54o to -60o (hole FB-012 is a duplicate of historical hole RF-05 drilled by the UNDP in October of 1985 to a depth of 86.05 m). The UNDP drilling programme outlined mineralization over a 1.0 km strike length, with a northwest-southeast trend, and dipping 45o to 60o to the southwest. Initial, non-NI 43-101 compliant gold resources estimates were calculated down to a depth of 110 m (refer to NI 43-101 qualifying report by Barrie (2009) posted on www.sedar.com and at www.majescor.com). Subsequent drill holes by partner SOMINE SA in 2009 and now by Majescor/SOMINE (total of 15 drill holes) were positioned perpendicular to the plane formed by the southwest dipping array of veins in order to test lateral and vertical continuity. The host rocks at Faille B comprise of propylitically altered and foliated dacite feldspar porphyry and andesite, with minor sulphide content. The gold mineralization at Faille B is within and adjacent to a quartz carbonate vein array up to 30 m wide which contains visible pyrite, chalcopyrite, and sphalerite.

Table 1. Summary of best intercepts in Hole FB-012

Hole ID Azimuth Dip From To Width Au g/t Ag g/t Cu % Zn %
FB-012 026o -50o 29.00 42.00 13.00 0.36 1.04 0.16 0.10
includes 33.00 34.50 1.50 1.31 1.50 0.22 0.09
FB-012 58.00 75.50 17.50 2.59 0.95 0.14 0.04
includes 58.00 61.90 3.90 8.96 1.50 0.22 0.02
includes 63.20 63.45 0.25 1.60 5.30 0.85 0.01
includes 71.00 72.50 1.50 1.21 1.10 0.21 0.03
includes 74.00 75.50 1.50 4.41 0.20 0.16 0.03
FB-012 83.00 93.20 10.20 0.39 0.47 0.08 0.24
includes 87.50 93.20 5.70 0.50 0.64 0.08 0.41
includes 91.50 92.50 1.00 1.53 1.70 0.17 1.65


SIMACT Alliance Copper Gold Inc. (“SACG”), a Majescor 100%-held subsidiary, is the operator of the Faille B exploration program, per its agreement with partner and SOMINE project title holder, SOMINE SA.

Core sampling, analysis and quality control

Core samples from the SOMINE Project are cut in half using a rock saw. The half samples are sent to Acme Labs’ sample preparation and expediting facility in the Dominican Republic (www.acmelab.com). All analytical work is performed at Acme’s laboratory in Santiago, Chile. All samples are analyzed by Agua Regia digestion, 1DX2 ICP-MS method. Any sample registering >1 wt % Cu is re-analysed using a four-acid total digestion by ICP-ES (Code 8TD-Cu), and any sample returning a value of greater than 100 ppb gold is re-analysed using gold Fire Assay AA finish. Acme Labs is an ISO 9001:2008 qualified assayer that performs and makes available internal assaying controls. Quality control protocols in place by Majescor/SACG consist of the insertion of one blank, one reject duplicate and one of three different certified reference standard materials in every batch of 20 samples. Core recovery in the mineralized zones has been averaging greater than 90% to date.

About the SOMINE Project

The SOMINE project consists of a Research Permit covering 50 km2, the mineral rights and obligations of which have been assigned under a Mining Convention executed between SOMINE SA and the State of Haiti on May 5, 2005 and valid until March 9, 2020. The Research Permit expired on June 22, 2012. On June 21, 2012 SOMINE SA filed two independent technical reports (non-NI 43-101 compliant) to the Haitian Bureau of Mines and Energy (the “BME”) in Port-au-Prince. The technical reports were filed pursuant to SOMINE SA’s obligations under the Mining Convention and in support of SOMINE SA’s application to have the 50 km2 SOMINE Research Permit converted to: one (1) 25 km2 Mining Exploitation Permit covering the Blondin-Douvray-Dos Rada porphyry copper system which contains the Douvray porphyry copper-gold prospect; and one (1) 20 km2 Mining Exploitation Permit covering the Faille B vein gold-copper prospect and host shear structure. Under the terms of the Mining Convention (Article 17), and conditional upon SOMINE SA honouring other provisions set-out in the Mining Convention, upon receiving the two technical reports, the BME has thirty (30) days to issue the two Mining Exploitation Permits. Under Haitian mining law, a Mining Exploitation Permit is valid for five (5) years and is renewable until the start of commercial mining at which time the permit shall be converted to a Mining Concession (valid for 25 years; renewable). The award by the BME of the two Mining Exploitation Permits to Majescor/SACG partner and title-holder SOMINE SA is pending.

SOMINE SA 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. SOMINE SA has requested the conversion of 3 of 4 Prospecting Permits to Research Permits (50 km2 each) and has filed all technical and source documents in support of its application with the Haitian Bureau of Mines (“BME”).

About SIMACT Alliance Copper Gold Inc. and SOMINE SA

SIMACT Alliance Copper Gold Inc. (“SACG”) is a 100%-held subsidiary of Majescor. SACG is the majority shareholder of SOMINE SA, a registered Haitian corporation holding 100% of the mineral rights to the SOMINE project. SOMINE SA has designated SACG as the Technical Operator of the SOMINE project exploration programme.

About Majescor Resources Inc.

Majescor Resources Inc. is a junior explorer focusing on emerging mineral districts. In addition to the SOMINE project, Majescor's project portfolio includes the Mistassini uranium exploration projects in Quebec (under Joint-Venture: 40 % Majescor and 60% Strateco Resources Inc.) the Besakoa gold and base metal property in Madagascar (50%-50% joint venture with Sunridge Gold Corp.).

Dale Schultz M.Sc., P.Geo. (Manitoba and Saskatchewan), of Buscore Consulting Ltd (www.buscore.net) is the qualified person responsible for the technical data in this press release in compliance with National Instrument (“NI”) 43-101. This press release has been reviewed by C. Tucker Barrie, Ph.D., P.Geo. (Ontario), Vice President Exploration, a Director of Majescor and a qualified person under NI 43-101.

To find out more about Majescor Resources Inc. (TSX-V: MJX), SIMACT Alliance Copper Gold Inc., the SOMINE copper-gold Property as well as the Company’s Mistassini uranium and Besakoa copper/gold properties, please visit our website at www.majescor.com, or contact us directly at:

Daniel Hachey
President & CEO
Majescor Resources Inc.
dan@majescor.com
Tel: 905.206.1604
Fax: 613.241.7817

www.majescor.com


Forward-Looking Statements

This News Release may contain or refer to "forward-looking statements" which reflect Management's expectations regarding the Company's future growth, results of operations, performance and business prospects and opportunities. These statements reflect Management's current beliefs at the time of this news release and are based on information currently available to Management. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives of Majescor Resources inc., are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Management’s expectations are exploration risks detailed herein and from time to time in the filings made by the Company with securities regulators.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

so... applied for 2 separate permits.. possibility of splitting the projects? 1 copper and 1 gold??

also, attempting to get 3 more research permits which would hopefully expand our scope, potential resources...etc



i must have skipped over the About section a million times... now i realize there is some juicy stuff in there

hidden in plain sight? i was just googling somine and other random terms and it pointed to an interesting blurb in our most recent pr

"

About the SOMINE Project

The SOMINE project consists of a Research Permit covering 50 km2, the mineral rights and obligations of which have been assigned under a Mining Convention executed between SOMINE SA and the State of Haiti on May 5, 2005 and valid until March 9, 2020. The Research Permit expired on June 22, 2012. On June 21, 2012 SOMINE SA filed two independent technical reports (non-NI 43-101 compliant) to the BME in Port-au-Prince. The technical reports were filed pursuant to SOMINE SA’s obligations under the Mining Convention and in support of SOMINE SA’s application to have the 50 km2 SOMINE Research Permit converted to: one (1) 25 km2 Mining Exploitation Permit covering the Blondin-Douvray-Dos Rada porphyry copper system which contains the Douvray porphyry copper-gold prospect; and one (1) 20 km2 Mining Exploitation Permit covering the Faille B vein gold-copper prospect and host shear structure. Under the terms of the Mining Convention (Article 17), and conditional upon SOMINE SA honouring other provisions set-out in the Mining Convention, upon receiving the two technical reports, the BME has thirty (30) days to issue the two Mining Exploitation Permits. Under Haitian mining law, a Mining Exploitation Permit is valid for five (5) years and is renewable until the start of commercial mining at which time the permit shall be converted to a Mining Concession (valid for 25 years; renewable). The award by the BME of the two Mining Exploitation Permits to Majescor/SACG partner and title-holder SOMINE SA is pending.

SOMINE SA 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. SOMINE SA has requested the conversion of 3 of 4 Prospecting Permits to Research Permits (50 km2 each) and has filed all technical and source documents in support of its application with the Haitian Bureau of Mines (“BME”).

"

Majescor Intersects 276.4 m of 0.35% Cu, 1.34 g/t Ag, 0,05 g/t Au and 27,13 ppm Mo in hole D-016 at Douvray, Northeast Haiti
Press Release: Majescor Resources Inc. – 1 hour 15 minutes ago
MONTREAL, QUEBEC--(Marketwire -09/06/12)- Not for distribution to U.S. newswire services or for dissemination in the United States. Any failure to comply with this restriction may constitute a violation of U.S. securities law

Majescor Resources Inc. ("Majescor" or the "Company") (MJX.V) is pleased to report that drill hole D-016 which targeted the northeast portion of the Douvray porphyry copper-gold prospect, Northeast Haiti, has intersected 276.4 m grading 0.35% Cu, 1.34 g/t Ag, 0.05 g/t Au and 27.13 ppm Mo (from 2.00 m to 278.40 m). Hole D-016 (Dip:-90 degrees; Depth: 408 m) includes two significant sub-intercepts deep in the sulphide zone: 12.0 m grading 1.08% Cu, 3.04 g/t Ag, 0.09 g/t Au and 18.50 ppm Mo (from 187.0 m to 199.0 m) and 17.29 m grading 0.82% Cu, 3.27 g/t Ag, 0.19 g/t Au and 176.82 ppm Mo (from 261.11 m to 278.40 m). Hole D-016 is located 300 m to the East of Hole D-015 where a near-surface copper enrichment zone consisting of 66.4 m grading 0.48% Cu, 0.89 g/t Ag, 0.08 g/t Au and 9.00 ppm Mo was encountered (from 3.6 m to 70.0 m; See Majescor Press release dated August 28, 2012). A similar pattern of near-surface copper-enrichment within the upper sulphide zone was encountered in Hole D-016 with 21.0 m grading 0.47% Cu, 2.90 g/t Ag, 0.03 g/t Au and 1.59 ppm Mo (from 2.0 to 23.0 m). The near-surface copper enrichment has been interpreted to form a shell around the central porphyry system. This shell outcrops at the apex of the topographic ridge marking the divide between the East and West limbs of the Douvray prospect. A map showing the location of the drill holes at Douvray is available at the Company's WEB site at www.majescor.com. Drill hole D-014, along with results from previously released drill intersections and historic drilling at Douvray can be seen in the updated three-dimensional ("3D") model of the Douvray prospect available at www.corebox.net. Sectional view of the drilling can also be seen within the CoreBox® WEB application (Section ID = 00697).

The Douvray copper prospect core drilling program which ended in July comprised of 15 holes totalling 5,534.6 m. Analytical results for holes D-010, D-013 and D-017 are pending. The results from all 15 holes will form the basis of the Company's first National Instrument (NI) 43-101 compliant resource estimate at Douvray to be released this fall.

Table 1. Summary of best intercepts in Hole D-016



-----------------------------------------------------------------------
From To Width
Hole Azimuth Dip (m) (m) (m)
-----------------------------------------------------------------------
D-016 - -90 Degrees 2.00 278.40 276.40
-----------------------------------------------------------------------
Including 2.00 23.00 21.00
-----------------------------------------------------------------------
Including 89.70 149.50 59.80
-----------------------------------------------------------------------
Including 187.00 199.00 12.00
-----------------------------------------------------------------------
Including 261.11 278.40 17.29
-----------------------------------------------------------------------

-----------------------------------------------------------
Cu Au Ag Mo
Hole (%) (g/t) (g/t) (ppm)
-----------------------------------------------------------
D-016 0.35 0.05 1.34 27.13
-----------------------------------------------------------
Including 0.47 0.03 2.90 1.59
-----------------------------------------------------------
Including 0.56 0.04 2.04 10.96
-----------------------------------------------------------
Including 1.08 0.09 3.04 18.50
-----------------------------------------------------------
Including 0.82 0.19 3.27 176.82
-----------------------------------------------------------

The Corebox® 3D model and sectional views of the Douvray prospect (www.corebox.net) highlight the extent of copper gold and silver mineralization underneath the ridge forming the topographic high that is over 200 m above the alluvial plane. Geological 3D modelling of the Douvray copper mineralization using Gemcom's Surpac™ resource modelling software (under license to CanMineX Enterprises Ltd.) displays features of a "typical" porphyry copper deposit with a steep walled cylindrical central core comprised mostly of felsic porphyritic intrusive rock surrounded by mafic volcanic rocks. The Douvray mineralization occurs as disseminations or stockwork structures that appear to be concentrated in two steeply dipping (65 degrees to 70 degrees ) strongly mineralized chutes on opposing sides of the centrally mineralized porphyry stock where higher grade copper mineralization is focused in the mafic volcanic lithologies spatially associated with the porphyry stocks. Significant mineralization also occurs above the core giving an overall northwest/southeast trending anticlinal geometry to the copper mineralization.

Through the Corebox® Google Earth® plug-in, it can also be seen that the Douvray prospect is located at a horizontal distance of 11.68 km southeast of a deep water port under construction at the Caracol industrial park (www.ute.gouv.ht/caracol/index.php/).

SIMACT Alliance Copper Gold Inc. ("SACG"), a Majescor 100%-held subsidiary, is the operator of the SOMINE exploration program, per its agreement with partner and project title holder, SOMINE SA.

Core sampling, analysis and quality control

Core samples from the SOMINE Project are cut in half using a rock saw. The half samples are sent to Acme Labs' sample preparation and expediting facility in the Dominican Republic (www.acmelab.com). All analytical work is performed at Acme's laboratory in Santiago, Chile. All samples are analyzed by Agua Regia digestion, 1DX2 ICP-MS method. Any sample registering greater than 1 wt % Cu is re-analysed using a four-acid total digestion by ICP-ES (Code 8TD-Cu), and any sample returning a value of greater than 100 ppb gold is re-analysed using gold Fire Assay AA finish. Acme Labs is an ISO 9001:2008 qualified assayer that performs and makes available internal assaying controls. Quality control protocols in place by Majescor/SACG consist of the insertion of one blank, one reject duplicate and one of three different certified reference standard materials in every batch of 20 samples. Core recovery in the mineralized zones has been averaging greater than 90% to date.

About the SOMINE Project

The SOMINE project consists of a Research Permit covering 50 km2, the mineral rights and obligations of which have been assigned under a Mining Convention executed between SOMINE SA and the State of Haiti on May 5, 2005 and valid until March 9, 2020. The Research Permit expired on June 22, 2012. On June 21, 2012 SOMINE SA filed two independent technical reports (non-NI 43-101 compliant) to the BME in Port-au-Prince. The technical reports were filed pursuant to SOMINE SA's obligations under the Mining Convention and in support of SOMINE SA's application to have the 50 km2 SOMINE Research Permit converted to: one (1) 25 km2 Mining Exploitation Permit covering the Blondin-Douvray-Dos Rada porphyry copper system which contains the Douvray porphyry copper-gold prospect; and one (1) 20 km2 Mining Exploitation Permit covering the Faille B vein gold-copper prospect and host shear structure. Under the terms of the Mining Convention (Article 17), and conditional upon SOMINE SA honouring other provisions set-out in the Mining Convention, upon receiving the two technical reports, the BME has thirty (30) days to issue the two Mining Exploitation Permits. Under Haitian mining law, a Mining Exploitation Permit is valid for five (5) years and is renewable until the start of commercial mining at which time the permit shall be converted to a Mining Concession (valid for 25 years; renewable). The award by the BME of the two Mining Exploitation Permits to Majescor/SACG partner and title-holder SOMINE SA is pending.

SOMINE SA 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. SOMINE SA has requested the conversion of 3 of 4 Prospecting Permits to Research Permits (50 km2 each) and has filed all technical and source documents in support of its application with the Haitian Bureau of Mines ("BME").

About SIMACT Alliance Copper Gold Inc. and SOMINE SA

SIMACT Alliance Copper Gold Inc. ("SACG") is a 100%-held subsidiary of Majescor. SACG is the majority shareholder of SOMINE SA, a registered Haitian corporation holding 100% of the mineral rights to the SOMINE project. SOMINE SA has designated SACG as the Technical Operator of the SOMINE project exploration programme.

About Majescor Resources Inc.

Majescor Resources Inc. is a junior explorer focusing on emerging mineral districts. In addition to the SOMINE project, Majescor's project portfolio includes the Mistassini uranium exploration projects in Quebec (under Joint-Venture: 40 % Majescor and 60% Strateco Resources Inc.) the Besakoa gold and base metal property in Madagascar (50%-50% joint venture with Sunridge Gold Corp.).

Dale Schultz M.Sc., P.Geo. (Manitoba and Saskatchewan), of Buscore Consulting Ltd (www.buscore.net) is the qualified person responsible for the technical data in this press release in compliance with National Instrument ("NI") 43-101. This press release has been reviewed by C. Tucker Barrie, Ph.D., P.Geo. (Ontario), Vice President Exploration, a Director of Majescor and a qualified person under NI 43-101.

To find out more about Majescor Resources Inc. (MJX.V), SIMACT Alliance Copper Gold Inc., the SOMINE copper-gold Property as well as the Company's Mistassini uranium and Besakoa copper/gold properties, please visit our website at www.majescor.com.

Forward-Looking Statements

This News Release may contain or refer to "forward-looking statements" which reflect Management's expectations regarding the Company's future growth, results of operations, performance and business prospects and opportunities. These statements reflect Management's current beliefs at the time of this news release and are based on information currently available to Management. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives of Majescor Resources inc., are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Management's expectations are exploration risks detailed herein and from time to time in the filings made by the Company with securities regulators.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact:

Daniel Hachey
President & CEO
Majescor Resources Inc.
905.206.1604
613.241.7817 (FAX)
dan@majescor.com
www.majescor.com

older but interesting read nonetheless, http://majescor.com/uploads/technical%20summary%20report.pdf

..Majescor Intersects 180.4 m of 0.32% Cu, 0.59 g/t Ag, 0.05 g/t Au and 16.76 Ppm Mo in Hole D-015 at Douvray, Northeast Haiti - Results Show Near-Surface Copper Enrichment Cap
Press Release: Majescor Resources Inc. – 6 hours ago....Email
Share0Print.....Companies:...Majescor Resources, Inc. . ..RELATED QUOTES.
.Symbol Price Change
MJX.V 0.14 -0.00

......MONTREAL, QUEBEC--(Marketwire -08/28/12)- NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW

Majescor Resources Inc. ("Majescor" or the "Company") (MJX.V) is pleased to report that drill hole D-015 which targeted the apex of the Douvray porphyry copper-gold prospect, Northeast Haiti, has intersected 180.4 m grading 0.32% Cu, 0,59 g/t Ag, 0,05 g/t Au and 16,76 ppm Mo (from 3.6 m to 184.0 m; Table 1). Hole D-015 (Dip = -90 degrees; Depth: 200 m) aimed to replicate the results of historical hole ONU-001 (Dip = -90 degrees; Depth: 188.8 m) drilled by the United Nations Development Program (UNDP) in 1975 as part of its initial assessment of the Douvray prospect. Hole D-015 was also designed to test the ridge-top area between the East and West mineralisation limbs in search for a connective zone. In addition to confirming the inter-limb continuity of the copper mineralisation within the first 200 m, Hole D-015 results indicate the occurrence of a near-surface copper enrichment zone consisting of 66.4 m grading 0.48% Cu, 0.89 g/t Ag, 0.08 g/t Au and 9.00 ppm Mo (from 3.6 m to 70.0 m; Table 1). A similar pattern of near-surface copper-enrichment within the sulphide zone was intersected in Hole D-014 (Azimuth: 070 degrees; Dip = -70 degrees E; Depth: 236 m) drilled 105 m to the southwest of Hole D-015 and comprising of 56.0 m of 0.71% Cu, 1.24 g/t Ag, 0.21 g/t Au and 15.64 ppm Mo (from 15.5 m to 71.50 m; see Majescor Press Release dated August 21, 2012). The near-surface copper enrichment cap appears to be part of a shell around the central porphyry system. This shell outcrops at the apex of the topographic ridge marking the divide between the East and West limbs of the Douvray prospect. A map showing the location of the drill holes at Douvray is available at the Company's WEB site at www.majescor.com. Drill hole D-015, along with results from previously released drill intersections and historic drilling at Douvray can be seen in a new three-dimensional ("3D") model of the Douvray prospect available at www.corebox.net. Sectional view of the drilling can also be seen within the CoreBox® WEB application Section ID = 00785).

Majescor is also pleased to report that is has received the results from thin section petrology work conducted on selected mineralised core samples from the Douvray copper-gold prospect. The petrology results show that the most important ore minerals are bornite and chalcopyrite. Digenite and covellite are also present as primary minerals. Silver is present in the telluride mineral hessite. Also notable is the relative high quantity of accessory calcite and carbonate associated with the copper mineralization. The principle copper minerals, and indeed the sulphide minerals in general, have very low abundances of other trace metals together; this is corroborated by ICP data for trace metals routinely analyzed in drill core in the Douvray porphyry copper gold system (See Photomicrographs A and B at www.majescor.com).

Daniel Hachey, President & CEO of Majescor states "The confirmation that copper mineralisation extends between the East and West limbs at Douvray together with higher grades in the upper sulphide zone are significant in that these features suggest the presence of a copper-enriched cupola around the central porphyry body whereas previously it was thought that the mineralisation was concentrated in two steep strongly mineralized chutes on opposite sides. The outcropping of this cupola along the ridge crest is a very favourable feature for the design of a "conceptual" starter open-pit focussing on the higher near-surface copper grades and with a low stripping ratio. The petrology results are also significant in that they show the mineralization is very clean containing very little in the way of deleterious minerals that could be considered a smelter penalty. Also, the abundance of calcite and carbonate together with the low pyrite content of the mineralization within the Douvray porphyry copper-gold system will help buffer acid generation in any future mine tailings and low waste rock impoundments."

Table 1. Summary of best intercepts in Holes D-015 and D-014



----------------------------------------------------------------------------
From To Width Cu Au Ag Mo
Hole Azimuth Dip (m) (m) (m) (%) (g/t) (g/t) (ppm)
----------------------------------------------------------------------------
D-015 -90
- Degrees 3.60 184.00 180.40 0.32 0.05 0.59 16.76
----------------------------------------------------------------------------
Including 3.60 70.00 66.40 0.48 0.08 0.89 9.00
----------------------------------------------------------------------------
Including 31.60 67.00 35.40 0.59 0.08 1.20 15.04
----------------------------------------------------------------------------
D-014 070 -70
Degrees Degrees 15.50 160.50 145.00 0.38 0.14 0.71 9.21
----------------------------------------------------------------------------
Including 15.50 71.50 56.00 0.71 0.21 1.24 15.64
----------------------------------------------------------------------------
15.50 27.50 12.00 1.98 0.84 3.26 5.98
----------------------------------------------------------------------------

The Douvray copper prospect core drilling program comprised of 15 holes totalling 5,534.6 m. Analytical results for holes D-010, D-013, D-016 and D-017 are pending. The results from all 15 holes will form the basis of the Company's first National Instrument (NI) 43-101 compliant resource estimate at Douvray to be released this fall.

The Corebox® 3D model and sectional views of the Douvray prospect (www.corebox.net) highlight the extent of copper gold and silver mineralization underneath the ridge forming the topographic high that is over 200 m above the alluvial plane. Geological 3D modelling of the Douvray copper mineralization using Gemcom's Surpac™ resource modelling software (under license to CanMineX Enterprises Ltd.) displays features of a "typical" porphyry copper deposit with a steep walled cylindrical central core comprised mostly of felsic porphyritic intrusive rock surrounded by mafic volcanic rocks. The Douvray mineralization occurs as disseminations or stockwork structures that appear to be concentrated in two steeply dipping (65 to 70 degrees ) strongly mineralized chutes on opposing sides of the centrally mineralized porphyry stock where higher grade copper mineralization is focused in the mafic volcanic lithologies spatially associated with the porphyry stocks. Significant mineralization also occurs above the core giving an overall northwest/southeast trending anticlinal geometry to the copper mineralization.

Through the Corebox® Google Earth® plug-in, it can also be seen that the Douvray prospect is located at a horizontal distance of 11.68 km southeast of a deep water port under construction at the Caracol industrial park (www.ute.gouv.ht/caracol/index.php/).

SIMACT Alliance Copper Gold Inc. ("SACG"), a Majescor 100%-held subsidiary, is the operator of the SOMINE exploration program, per its agreement with partner and project title holder, SOMINE SA.

Core sampling, analysis and quality control

Core samples from the SOMINE Project are cut in half using a rock saw. The half samples are sent to Acme Labs' sample preparation and expediting facility in the Dominican Republic (www.acmelab.com). All analytical work is performed at Acme's laboratory in Santiago, Chile. All samples are analyzed by Agua Regia digestion, 1DX2 ICP-MS method. Any sample registering greater than 1 wt % Cu is re-analysed using a four-acid total digestion by ICP-ES (Code 8TD-Cu), and any sample returning a value of greater than 100 ppb gold is re-analysed using gold Fire Assay AA finish. Acme Labs is an ISO 9001:2008 qualified assayer that performs and makes available internal assaying controls. Quality control protocols in place by Majescor/SACG consist of the insertion of one blank, one reject duplicate and one of three different certified reference standard materials in every batch of 20 samples. Core recovery in the mineralized zones has been averaging greater than 90% to date.

About the SOMINE Project

The SOMINE project consists of a Research Permit covering 50 km2, the mineral rights and obligations of which have been assigned under a Mining Convention executed between SOMINE SA and the State of Haiti on May 5, 2005 and valid until March 9, 2020. The Research Permit expired on June 22, 2012. On June 21, 2012 SOMINE SA filed two independent technical reports (non-NI 43-101 compliant) to the BME in Port-au-Prince. The technical reports were filed pursuant to SOMINE SA's obligations under the Mining Convention and in support of SOMINE SA's application to have the 50 km2 SOMINE Research Permit converted to: one (1) 25 km2 Mining Exploitation Permit covering the Blondin-Douvray-Dos Rada porphyry copper system which contains the Douvray porphyry copper-gold prospect; and one (1) 20 km2 Mining Exploitation Permit covering the Faille B vein gold-copper prospect and host shear structure. Under the terms of the Mining Convention (Article 17), and conditional upon SOMINE SA honouring other provisions set-out in the Mining Convention, upon receiving the two technical reports, the BME has thirty (30) days to issue the two Mining Exploitation Permits. Under Haitian mining law, a Mining Exploitation Permit is valid for five (5) years and is renewable until the start of commercial mining at which time the permit shall be converted to a Mining Concession (valid for 25 years; renewable). The award by the BME of the two Mining Exploitation Permits to Majescor/SACG partner and title-holder SOMINE SA is pending.

SOMINE SA 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. SOMINE SA has requested the conversion of 3 of 4 Prospecting Permits to Research Permits (50 km2 each) and has filed all technical and source documents in support of its application with the Haitian Bureau of Mines ("BME").

About SIMACT Alliance Copper Gold Inc. and SOMINE SA

SIMACT Alliance Copper Gold Inc. ("SACG") is a 100%-held subsidiary of Majescor. SACG is the majority shareholder of SOMINE SA, a registered Haitian corporation holding 100% of the mineral rights to the SOMINE project. SOMINE SA has designated SACG as the Technical Operator of the SOMINE project exploration programme.

About Majescor Resources Inc.

Majescor Resources Inc. is a junior explorer focusing on emerging mineral districts. In addition to the SOMINE project, Majescor's project portfolio includes the Mistassini uranium exploration projects in Quebec (under Joint-Venture: 40 % Majescor and 60% Strateco Resources Inc.) the Besakoa gold and base metal property in Madagascar (50%-50% joint venture with Sunridge Gold Corp.).

Dale Schultz M.Sc., P.Geo. (Manitoba and Saskatchewan), of Buscore Consulting Ltd (www.buscore.net) is the qualified person responsible for the technical data in this press release in compliance with National Instrument ("NI") 43-101. This press release has been reviewed by C. Tucker Barrie, Ph.D., P.Geo. (Ontario), Vice President Exploration, a Director of Majescor and a qualified person under NI 43-101.

To find out more about Majescor Resources Inc. (MJX.V), SIMACT Alliance Copper Gold Inc., the SOMINE copper-gold Property as well as the Company's Mistassini uranium and Besakoa copper/gold properties, please visit our website at www.majescor.com.

Forward-Looking Statements

This News Release may contain or refer to "forward-looking statements" which reflect Management's expectations regarding the Company's future growth, results of operations, performance and business prospects and opportunities. These statements reflect Management's current beliefs at the time of this news release and are based on information currently available to Management. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives of Majescor Resources inc., are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Management's expectations are exploration risks detailed herein and from time to time in the filings made by the Company with securities regulators.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

..Contact:.
.
Daniel Hachey
President & CEO
Majescor Resources Inc.
905.206.1604
613.241.7817 (FAX)
dan@majescor.com
www.majescor.com

'seems' to be at rock bottom............... we'll see... hope you're doing well

Eyes on her!

'finally' drilling Faille B.. i think this is what could get the market to notice us...... we'll see

Majescor intersects 145 m of 0.38% Cu, 0.71 g/t Ag, 0.14 g/t Au and 10.92 ppm Mo in hole D-014 at the Douvray Porphyry Copper-Gold Prospect, Northeast Haiti



Majescor intersects 145 m of 0.38% Cu, 0.71 g/t Ag, 0.14 g/t Au and 10.92 ppm Mo in hole D-014 at the Douvray Porphyry Copper-Gold Prospect, Northeast Haiti


Completes Five Drill Holes at Faille B Gold Prospect


MONTREAL, QUEBEC--(Marketwire - Aug. 21, 2012) -

Not for distribution to U.S. newswire services or for dissemination in the United States. Any failure to comply with this restriction may constitute a violation of U.S. securities law

Majescor Resources Inc. ("Majescor" or the "Company") (TSX VENTURE:MJX) is pleased to report that drill hole D-014 which targeted the northwest portion of the Douvray porphyry copper-gold prospect, Northeast Haiti, has intersected 145 m grading 0.38% Cu, 0.71 g/t Ag, 0.14 g/t Au and 10.92 ppm Mo (from 15.5 m to 160.5 m), including 56 m of 0.71 % Cu, 1.24 g/t Ag, 0.21 g/t Au and 15.64 ppm Mo (from 15.5 m to 71.50 m; Table 1). Hole D-014 (Azimuth: 070°; Dip = -70°E; Depth: 236 m) tested the eastern extension of the West mineralisation zone. It was drilled off the same platform as hole D-005 (Dip:-90°; Depth: 391 m) which in January returned 0.60% Cu, 0.08 g/t Au, 0.88 g/t Ag over 212.80 m, the highest grade copper intersection over 200 m to date on the SOMINE project (see Majescor Press Release dated January 31, 2012). Historical hole KD-20 drilled by KWG Resources Inc. in 1997 (Azimuth: 300°; Dip:-70°; Depth: 332 m) was also collared off the same platform. Hole KD-20 had intersected 156.0 m of 0.42% Cu, 0.79 g/t Ag and 0.04 g/t Au (from 20.0 m to 176.0 m*). A map showing the location of the drill holes at Douvray is available at the Company's WEB site at www.majescor.com. Drill hole D-014, along with results from previously released drill intersections and historic drilling at Douvray can be seen in a new three-dimensional ("3D") model of the Douvray prospect available at www.corebox.net. Sectional view of the drilling can also be seen within the CoreBox® WEB application Section ID = 00824).

The Douvray copper prospect core drilling program which ended on July 19, 2012, comprised of 15 holes totalling 5,534.6 m. Analytical results for holes D-010, D-013, D-015, D-016 and D-017 are pending. The results from all 15 holes will form the basis of the Company's first National Instrument (NI) 43-101 compliant resource estimate at Douvray to be released this fall.

Faille B gold prospect drilling program

Majescor is also pleased to report that on July 27, 2012, the Company completed a small targeted core drilling programme (5 holes; total 639.50 m) at the Faille B vein gold prospect. The drilling focussed on the "Central Zone" of the Faille B prospect. It was designed to start the twinning of historical drill holes and commence the data validation process in preparation for a first NI 43-101 compliant resource estimate. Drilling at Faille B is scheduled to resume upon the award by the Haitian Bureau of Mines and Energy ("BME") of the Faille B Mining Exploitation Permit to Majescor's Haitian partner and title-holder SOMINE SA.

The Faille B gold prospect is located 1.8 km to the south of the Douvray copper-gold prospect, and along trend with recent gold discoveries in the Dominican Republic between 45 km to 86 km the Southeast. The quartz vein and shear hosted gold prospect was discovered by the United Nations Development Programme ("UNDP") in 1983 and was drill tested by the UNDP between September 1985 and May 1987 (the UNDP also excavated >15 trenches across the strike of the quartz-gold vein system). A total of 31 drill holes (3,186 m) tested the Faille B shear hosted structure over a strike length of 1.8 km utilizing a hole spacing of between 60 m to 250 m. Subsequent drill holes were positioned in intermediate locations to test lateral and vertical continuity and to confirm gold grade data for the purpose of developing an inferred resource estimate for the "Central Zone". The drilling and trenching revealed that the Faille B gold-bearing structure is exposed at surface for ~300 m along a NW strike, and up to 100 m across strike, and is open along strike and to depth. In Late 2009, Majescor/SACG and SOMINE SA completed nine (9) additional core drill holes (total: 935 m) at Faille B. The drilling was designed to test the western extension of the gold mineralization outlined previously by the UNDP. Drill hole FB-09-09 returned a significant intersection of 77 g/t Au uncut over 10.5 m (see Majescor Press Release dated August 18, 2011).



Table 1. Summary of best intercepts in Holes D-014




Hole

Azimuth

Dip

From (m)

To (m)

Width (m)

Cu (%)

Au (g/t)

Ag (g/t)

Mo (ppm)



D-014

070 Degrees

-70 Degrees

15.50

160.50

145.00

0.38

0.14

0.71

9.21



Including



15.50

71.50

56.00

0.71

0.21

1.24

15.64






15.50

27.50

12.00

1.98

0.84

3.26

5.98







* Source: Valls, R., 2004. Technical report of the geology and mineral resources of the Douvray - Blondin - Faille B copper and gold Prospects in Haiti. Technical report prepared for Ste-Geneviève Resources Ltd., 447 p. (available at www.sedar.com)


The Corebox® 3D model and sectional views of the Douvray prospect (www.corebox.net) highlight the extent of copper gold and silver mineralization underneath the ridge forming the topographic high that is over 200 m above the alluvial plane. Geological 3D modelling of the Douvray copper mineralization using Gemcom's Surpac™ resource modelling software (under license to CanMineX Enterprises Ltd.) displays features of a "typical" porphyry copper deposit with a steep walled cylindrical central core comprised mostly of felsic porphyritic intrusive rock surrounded by mafic volcanic rocks. The mineralization occurs as disseminations or stockwork veins that appear to be concentrated in two steep strongly mineralized chutes on opposite sides of the central porphyritic core and with higher copper grades occurring within the mafic volcanic rocks closest to the core. Significant mineralization also occurs above the core giving an overall northwest/southeast trending anticlinal geometry to the copper mineralization.

Through the Corebox® Google Earth® plug-in, it can also be seen that the Douvray prospect is located at a horizontal distance of 11.68 km southeast of a deep water port under construction at the Caracol industrial park (www.ute.gouv.ht/caracol/index.php/).

SIMACT Alliance Copper Gold Inc. ("SACG"), a Majescor 100%-held subsidiary, is the operator of the SOMINE exploration program, per its agreement with partner and project title holder, SOMINE SA.

Core sampling, analysis and quality control

Core samples from the SOMINE Project are cut in half using a rock saw. The half samples are sent to Acme Labs' sample preparation and expediting facility in the Dominican Republic (www.acmelab.com). All analytical work is performed at Acme's laboratory in Santiago, Chile. All samples are analyzed by Agua Regia digestion, 1DX2 ICP-MS method. Any sample registering >1 wt % Cu is re-analysed using a four-acid total digestion by ICP-ES (Code 8TD-Cu), and any sample returning a value of greater than 100 ppb gold is re-analysed using gold Fire Assay AA finish. Acme Labs is an ISO 9001:2008 qualified assayer that performs and makes available internal assaying controls. Quality control protocols in place by Majescor/SACG consist of the insertion of one blank, one reject duplicate and one of three different certified reference standard materials in every batch of 20 samples. Core recovery in the mineralized zones has been averaging greater than 90% to date.

In other news

Majescor announces that, on August 14, 2012, in accordance with the Company's compensation policy and stock option plan, the Board of Directors granted to one Officer 500,000 stock options for a five-year period at $0.15. Each stock option entitles the holder to subscribe for one common share of Majescor.

About the SOMINE Project

The SOMINE project consists of a Research Permit covering 50 km2, the mineral rights and obligations of which have been assigned under a Mining Convention executed between SOMINE SA and the State of Haiti on May 5, 2005 and valid until March 9, 2020. The Research Permit expired on June 22, 2012. On June 21, 2012 SOMINE SA filed two independent technical reports (non-NI 43-101 compliant) to the BME in Port-au-Prince. The technical reports were filed pursuant to SOMINE SA's obligations under the Mining Convention and in support of SOMINE SA's application to have the 50 km2 SOMINE Research Permit converted to: one (1) 25 km2 Mining Exploitation Permit covering the Blondin-Douvray-Dos Rada porphyry copper system which contains the Douvray porphyry copper-gold prospect; and one (1) 20 km2 Mining Exploitation Permit covering the Faille B vein gold-copper prospect and host shear structure. Under the terms of the Mining Convention (Article 17), and conditional upon SOMINE SA honouring other provisions set-out in the Mining Convention, upon receiving the two technical reports, the BME has thirty (30) days to issue the two Mining Exploitation Permits. Under Haitian mining law, a Mining Exploitation Permit is valid for five (5) years and is renewable until the start of commercial mining at which time the permit shall be converted to a Mining Concession (valid for 25 years; renewable). The award by the BME of the two Mining Exploitation Permits to Majescor/SACG partner and title-holder SOMINE SA is pending.

SOMINE SA 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. SOMINE SA has requested the conversion of 3 of 4 Prospecting Permits to Research Permits (50 km2 each) and has filed all technical and source documents in support of its application with the Haitian Bureau of Mines ("BME").

About SIMACT Alliance Copper Gold Inc. and SOMINE SA

SIMACT Alliance Copper Gold Inc. ("SACG") is a 100%-held subsidiary of Majescor. SACG is the majority shareholder of SOMINE SA, a registered Haitian corporation holding 100% of the mineral rights to the SOMINE project. SOMINE SA has designated SACG as the Technical Operator of the SOMINE project exploration programme.

About Majescor Resources Inc.

Majescor Resources Inc. is a junior explorer focusing on emerging mineral districts. In addition to the SOMINE project, Majescor's project portfolio includes the Mistassini uranium exploration projects in Quebec (under Joint-Venture: 40 % Majescor and 60% Strateco Resources Inc.) the Besakoa gold and base metal property in Madagascar (50%-50% joint venture with Sunridge Gold Corp.).

Dale Schultz M.Sc., P.Geo. (Manitoba and Saskatchewan), of Buscore Consulting Ltd (www.buscore.net) is the qualified person responsible for the technical data in this press release in compliance with National Instrument ("NI") 43-101. This press release has been reviewed by C. Tucker Barrie, Ph.D., P.Geo. (Ontario), Vice President Exploration, a Director of Majescor and a qualified person under NI 43-101.

To find out more about Majescor Resources Inc. (TSX VENTURE:MJX), SIMACT Alliance Copper Gold Inc., the SOMINE copper-gold Property as well as the Company's Mistassini uranium and Besakoa copper/gold properties, please visit our website at www.majescor.com.

Forward-Looking Statements

This News Release may contain or refer to "forward-looking statements" which reflect Management's expectations regarding the Company's future growth, results of operations, performance and business prospects and opportunities. These statements reflect Management's current beliefs at the time of this news release and are based on information currently available to Management. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives of Majescor Resources inc., are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Management's expectations are exploration risks detailed herein and from time to time in the filings made by the Company with securities regulators.


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.



Marketwire International

August 21, 2012 - 8:00 AM EDT

http://www.stockhouse.com/Community-News/2012/Aug/16/Gold-copper-junior-is-surrounded-by-Newmont-Mining

last .14.. seems to be perking up a little off that .11ish bottom we hit

now is it asking too much to pull a GQC??