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any idea what time this was released today? news is never posted through etrade. i usually have to find it here or on their website. tia
runnnnnnnnnn haiti
You buy back in? You'll regret selling if not
Wow this was at. 13 not long ago..i am glad I sold lookin at the pps now!!
I'm trying to give it a boost! lol
I'm holding long here
Why RUN?? Sounds very positive!!!
Smack dat ask! lolzzzz
Any news lately?
Anything going on here lately?
UP, UP, AND AWAY!!!!!!!!
..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
Very optomistic--thanks for the info.
Hidden gem here. Just a matter of time....
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
Could you please send me the link?
Sounds like several drill results coming as well as a placement or 2. Did you read the latest stock house interview?
Is there something brewing?
i agree.. not sure why they made that the center of the homepage on the website.... maybe on accident... I'll check with Dan today
I have and everything looks pretty positive. I was speaking about the pictures that were all dated 2009.
U tell me. You've done your dd right?
Is there any news after 2009?
MJX project outline added to the front page of the website (although i'm not sure how new it is since the old CEO is in it BUT it's a good synopsis nonetheless imo)
http://majescor.com/uploads/somine-projectoutline[1].pdf
I wanted to jump in some more since I'm at .27 average. Instead I bet a bunch on another pink-sheet stock SYAI because I need to stay away from the miners for a little while. If this one pays off, then I may put a few grand back into this for the long-run. This is a hell of a company, and I believe in them. I just don't believe in the sector right now. Gettin' my ass kicked.
Nice jump today!!!!!!!!
What the heck happened yesterday??
Southern Gal, Could you please put this press release in "layman's" terms? Thanking you in advance.
Majescor Intersects 0.68 % Cu, 0.40 g/t Au, over 106.6 m at the Douvray Porphyry Copper-Gold Prospect, Northeast Haiti
MONTREAL, QUEBEC--(Marketwire -06/21/12)- 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-009 which targeted the eastern margin of the Douvray porphyry copper-gold prospect, Northeast Haiti, has intersected 0.68% Cu, 0.40 g/t Au, 3.27 g/t Ag and 80 ppm Mo over 106.6 m (see Table 1). Hole D-009 (Dip = -90 degrees ) is located 400 m to the North-Northeast of drill hole D-008 which recently returned 0.232 % Cu over 422.60 m, the longest copper intercept on the SOMINE project to date (see Majescor Press Release dated May 23, 2012). In addition, anomalous copper-gold intervals were intersected in drill hole D-011 (Dip = -70 degrees E) drilled from the same platform as D-009 (Table 1). A map showing the location of the drill holes at Douvray is available at the Company's WEB site at www.majescor.com.
The two latest drill holes, along with results from previously released drill intersections and historic drilling at Douvray, are shown 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 = 00652). The Corebox® model highlights 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 CanMinX Enterprises Ltd; http://canminx.ca.) 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 form 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/).
Daniel Hachey, President & CEO of Majescor stated: "Drill hole D-009 is among the best drilled at Douvray to date, and it demonstrates that the minimum 520 m-long mineralized system at Douvray contains zones of higher grade copper-gold-silver-molybdenum. Our geological team has found that more siliceous parts of the intrusions and adjacent volcanic rocks carry higher gold contents, and we will be targeting these high grade zones in the coming weeks."
Table 1. Summary of best intercepts in Holes D-009 and D-011
-----------------------------------------------------------------------
Hole Azimuth Dip From (m) To (m)
-----------------------------------------------------------------------
D-009 - -90 degrees 70.20 464.50
-----------------------------------------------------------------------
including 275.40 382.00
-----------------------------------------------------------------------
including 329.50 332.50
-----------------------------------------------------------------------
D-011 070 degrees -70 degrees 56.00 63.50
-----------------------------------------------------------------------
84.50 91.50
-----------------------------------------------------------------------
286.60 294.80
-----------------------------------------------------------------------
332.80 353.80
-----------------------------------------------------------------------
-----------------------------------------------------------------------
Hole Width (m) Cu (%) Au (g/t) Ag (g/t)
-----------------------------------------------------------------------
D-009 394.30(i) 0.32 0.12 1.34
-----------------------------------------------------------------------
including 106.60(ii) 0.68 0.40 3.27
-----------------------------------------------------------------------
including 3.00 0.45 6.29 4.45
-----------------------------------------------------------------------
D-011 7.50 0.39 0.01 0.51
-----------------------------------------------------------------------
7.00 0.49 0.01 0.41
-----------------------------------------------------------------------
8.20(iii) 0.44 0.21 2.16
-----------------------------------------------------------------------
21.00 0.29 0.10 1.69
-----------------------------------------------------------------------
(i) Interval also has 43.4 ppm molybdenum
(ii) Interval also has 80 ppm molybdenum
(iii) Interval also has 322 ppm molybdenum
To date, the Company has completed 19 holes totalling 5,962 m out the planned 10,000 m core drilling program initiated on the SOMINE project in October 2011. The principal aim of the drilling is to replicate significant historical copper intercepts and apply National Instrument ("NI") 43-101 QA/QC standards, expand tonnage of the known copper mineralization, and provide sufficient additional data so a NI 43-101 compliant mineral resource estimate can be completed on the Douvray prospect this year. This first NI 43-101 compliant mineral resource estimate will be followed by a Preliminary Economic Assessment ("PEA").
Majescor also reports that the NI 43-101 compliant resource estimate of the Douvray prospect is progressing on schedule under the leadership of GeoSim Services Inc. and Buscore Consulting Ltd (www.buscore.net), and in collaboration with Majescor.
The resource estimate, currently planned for release in August, will incorporate some historic and all current drill holes up to and including D-008 as well as a recently acquired bulk density data. An updated resource estimate which will include the remaining drill holes planned for this phase of resource drilling is expected to be completed in October of this year and will form the basis of a first NI 43-101 compliant PEA on the SOMINE project to start by year end.
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.
Where aare the financials for this company? I couldn't find any other tha form D filings?
Many of the TSX listed stocks have alternate pink sheet boards. This is no different. And yes, it is the same company.
Is it all the same company?
Data entry error, most likely. I don't think the IHub people entering all the facts are mistake-proof. That's sure the case over at Scottrade.
I think this has the ability to really take off. An interested Newmont Mining operation being nearby is also a good sign imo.
There is also the TSX: MJX board in which more people discuss things, although there's been more posts here in the past two days on this board.
Is this even the right board? Alternative energy?? Seems there are 2 boards?
Runnnnnnnnnnnnnnnnnnn
I agree.
Invested in the mid-to-upper .20s. I'm not worried. I should've freed some cash up at the ridicoulous prices lately, but oh well. I'm looking to "diversify" into some other companies anyway. Ride the waves...this seems like a very safe stock to be in.
I would agree--seeing that drilling in Haiti has increased tremendously.
Just got in today. What is your opinion?
first post. lols.
heard good things about this.. looking into it now, seeing if there's anything here
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