Majescor Resources Inc

Published : November 05th, 2009

& SACG Start Drilling at the SOMINE.../Majescor et SACG entament les forages sur la propri=c3=a9t

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For immediate release
November 5, 2009
MJX: TSX-Venture

Majescor and SACG Start Drilling at the SOMINE Copper-Gold Property in Haiti -
Faille B and Grosse Veine Prospects Yield Spot Gold Values of up to 226 g/t.

Montreal, QC, November 5, 2009.  Majescor Resources Inc. ("Majescor" or the "Company") (MJX: TSX-V) and partner SIMACT Alliance Copper Gold Inc. ("SACG") are pleased to report that drilling has commenced on the SOMINE copper-gold Property ("SOMINE Property") located in the North-East mineral district of Haiti. In total, this first phase of core drilling on the property will consist of 1,000 meters spread between the Faille B and Dos Rada gold and copper prospects. The SOMINE Property was last drill-tested in 1997. 

Drilling on the Faille B prospect is designed to confirm the western extension of the gold mineralization outlined previously through a number of work programs completed since the 1970's. The drill program will also meet a requirement by the Haitian Bureau of Mines and Energy ("BME") for additional sub-surface testing at Faille B, as the prospect was last drilled in 1987. Work carried out by the United Nations Revolving Funds ("UNRF") between 1985 and 1987 included the core drilling of 31 holes totalling 3,186 m, the collection of 760 soil samples on grids and of 1,730 samples from many tens of trenches and pits; and two ground geophysical surveys.   In 2008, SACG excavated 13 trenches to the east of the Central Zone, and eight to the west. The best results from the later campaign were obtained from the West Zone, and particularly from trenches #1, 2 and 3 which will be the focus of the current drill campaign.  At Trench #2, one outcrop sample returned a spot gold grade of 226.19 g/t. Two drill holes are slated on each of the three trenches, the maximum length of the holes being of 125 m.  Drilling slated for the Dos Rada prospect area, on the other hand, is meant to confirm the continuation at depth of the copper-gold mineralization observed at surface to the southeast of the Douvray and Blondin prospects. Dos Rada is located within a 10 km long by up to 3.8 km wide copper-bearing corridor defined by historical regional stream sediment, soil and rock geochemistry data on the SOMINE Property (see Majescor press release dated July 7, 2009). This northwest-trending corridor not only holds the historical Blondin and Douvray copper-gold prospects, the historical Faille B gold prospect, as well as a series of historical copper occurrences at Dos Rada, but also over one hundred new copper showings in outcrop.   A map showing the location of the corridor and of the various prospects and showings is available on the Company's website at www.majescor.com.

Lastly, complete analytical results were received for the Grosse Veine prospect which was recently uncovered during the course of systematic grid prospecting work (see Majescor press release dated October 6, 2009). The showing, located 1.3 km southeast of the historical Douvray porphyry copper prospect, consists of a massive quartz vein hosting up to 20% copper-bearing minerals. As previously reported, copper mineralization is ubiquitous, but irregular in grade, across the mineralized vein..  Assay results previously received from Acme Analytical Laboratories for samples collected on the quartz vein had shown copper values of up to 5.80%. The quartz vein had also been shown to contain appreciable amounts of gold, a number of the grab samples registering above 1 g/t Au, including three samples with greater than 10 g/t Au. Final gold assays for those three samples are 18.1 g/t, 33.9 g/t, and 71.3 g/t Au respectively. The Grosse Veine showing has been stripped over a 20 m by 20 m surface area and the mineralization remains open in all directions. 

Marc-Andr� Bernier, President and CEO of Majescor states:  "In the next few weeks, work on the SOMINE Property will focus on the core drilling program and the completion of the NI 43-101 qualification report. These two components of the exploration program will provide Majescor with essential and critical information in regards to the SOMINE Property and its potential to host one or more economic copper and gold resources. In addition, Majescor is most encouraged by the results of recent laboratory analyses for rock material from a number of new and historical prospects which indicate that the SOMINE Property has a significant potential not only for copper but also for precious metals."

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

The core drilling program is being carried-out by Palo Verde Drilling LTDA of the Dominican Republic using a man-portable drill.  All rock samples were submitted to Acme Analytical Laboratories ("Acmelabs") in Port-au-Prince for sample preparation and then forwarded to Acmelabs' analytical facility in Vancouver for multi-element (ICP-ES: aqua regia digestion) and precious metals (fire assay fusion with an ICP-ES finish) analysis.  Standard quality control protocols were applied.

SOMINE Property

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

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

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

About SIMACT Alliance Copper Gold Inc.

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

About Majescor Resources Inc.

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

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

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

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

Tel: +1.418.748.1141    www.majescor.com

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

Tel.: +1.514.707.5869

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.


Communiqu� : pour diffusion imm�diate
le 5 novembre 2009
MJX: Bourse de croissance TSX

Majescor et SACG entament les forages sur la propri�t� cuivre-or SOMINE en Ha�ti -
Les prospects Faille B et Grosse Veine livrent des teneurs aurif�res ponctuelles
atteignant 226 g/t.

Montr�al, QC, le 5 novembre 2009.  Ressources Majescor inc. (� Majescor � ou la � Soci�t� �) (MJX : TSX-V) et son partenaire SIMACT Alliance Copper Gold Inc. (� SACG �) ont le plaisir d'annoncer le d�but des travaux de forage sur la propri�t� cuivre-or SOMINE , situ�e dans le district min�ral du nord-est d'Ha�ti. Au total, la premi�re phase de ce programme de forage carottier comprendra 1 000 m�tres de forage r�partis entre les prospects aurif�res et cuprif�res Faille B et Dos Rada. Les derniers travaux de forage sur la propri�t� SOMINE remontent � 1997. 

Les sondages sur le prospect Faille B ont pour but de confirmer l'extension ouest de la min�ralisation aurif�re d�limit�e ant�rieurement dans le cadre de diff�rents programmes de travaux effectu�s depuis les ann�es 1970. Le programme de sondage r�pond �galement � une exigence du Bureau des Mines et de l'�nergie d'Ha�ti (� BME �) pour de nouveaux travaux d'�valuation de potentialit� en profondeur, les derniers sondages carottiers sur le prospect Faille B ayant �t� r�alis�s en 1987.  Lors de travaux r�alis�s par le Fonds auto-renouvelable des Nations Unies (� FARNU �) entre 1985 et 1987, trente-et-un trous de forage carottier ont �t� compl�t�s pour un total de 3 186 m; 760 �chantillons de sols ont �t� pr�lev�s sur grilles; 1 730 �chantillons ont �t� pr�lev�s dans plusieurs dizaines de tranch�es et puits; et deux lev�s g�ophysiques au sol ont effectu�s.  En 2008, SACG a creus� 13 tranch�es � l'est de la zone Centrale et huit tranch�es � l'ouest. Les meilleurs r�sultats de cette plus r�cente campagne ont �t� obtenus dans la zone Ouest, plus particuli�rement dans les tranch�es #1, 2 et 3, qui feront d'ailleurs l'objet de v�rifications par forage lors de la campagne actuelle. Un �chantillon pr�lev� dans le roc dans la tranch�e #2 a livr� une teneur aurif�re ponctuelle de 226,19 g/t. Deux sondages d'une longueur maximale de 125 m sont pr�vus pour v�rifier chacune des trois tranch�es.

Par ailleurs, les travaux de forage pr�vus dans le secteur Dos Rada ont pour but de confirmer la continuit� en profondeur de la min�ralisation de cuivre-or observ�e en surface au sud-est des prospects Douvray et Blondin. Le secteur Dos Rada se trouve � l'int�rieur d'un corridor cuprif�re de 10 km de long par jusqu'� 3,8 km de large , d�fini � l'aide de donn�es g�ochimiques historiques issues de lev�s r�gionaux de s�diments de ruisseaux, de sols et de lithog�ochimie sur la propri�t� SOMINE (voir communiqu� de Majescor dat� du 7 juillet 2009). Ce corridor de direction nord-ouest englobe les prospects de cuivre-or historiques Blondin et Douvray, le prospect aurif�re historique Faille B, une s�rie d'indices cuprif�res historiques dans le secteur Dos Rada et plus d'une centaine de nouveaux affleurements min�ralis�s en cuivre. Une carte montrant la localisation du corridor et des diff�rents indices et prospects est disponible sur le site web de la Soci�t� au : www.majescor.com.

Enfin, les r�sultats d'analyse complets ont �t� re�us pour le prospect Grosse Veine, r�cemment d�couvert dans le cadre de travaux syst�matiques de prospection sur grille (voir communiqu� de Majescor dat� du 6 octobre 2009). L'indice, situ� � 1,3 km au sud-est du prospect de cuivre porphyrique Douvray, est constitu� d'une veine de quartz massif renfermant jusqu'� 20 % de min�raux cuprif�res. Tel que cit� ant�rieurement, la min�ralisation en cuivre est omnipr�sente mais les teneurs varient � l'int�rieur de la veine min�ralis�e. Les r�sultats d'analyse d�j� re�us d'Acme Analytical Laboratories pour des �chantillons pr�lev�s dans la veine de quartz montraient des valeurs cuprif�res atteignant 5,80 %. Il avait �galement �t� d�montr� que la veine de quartz renfermait des quantit�s appr�ciables d'or puisque plusieurs �chantillons choisis pr�sentaient des teneurs sup�rieures � 1 g/t Au, dont trois �chantillons � plus de 10 g/t Au. Les r�sultats complets pour l'analyse de ces trois �chantillons montrent des teneurs respectives de 18,1 g/t, 33,9 g/t, et 71,3 g/t Au. L'indice Grosse Veine a �t� d�cap� sur une superficie de 20 m par 20 m et la min�ralisation demeure ouverte dans toutes les directions. 

Marc-Andr� Bernier, pr�sident et chef de la direction de Majescor, d�clare : �  Au cours des prochaines semaines, les travaux sur la propri�t� SOMINE seront ax�s sur l'ach�vement du programme de forage carottier, ainsi que d'un nouveau rapport de qualification conforme � la norme 43-101. Ces deux �l�ments du programme d'exploration procureront � Majescor des informations essentielles et de premi�re importance en ce qui a trait � la propri�t� SOMINE et � son potentiel d'h�berger un ou plusieurs g�tes cuprif�res et aurif�res � teneurs �conomiques. Par ailleurs, Majescor est tr�s encourag�e par les r�sultats des derni�res analyses de laboratoire pour les �chantillons de roche provenant de diff�rents prospects historiques et nouvellement d�couverts, qui indiquent que la propri�t� SOMINE a un grand potentiel non seulement pour le cuivre, mais aussi pour les m�taux pr�cieux. �

La propri�t� SOMINE est situ�e dans un contexte tr�s favorable, dans l'arc volcanique-intrusif d'�ge m�sozo�que-c�nozo�que qui renferme plusieurs g�tes d'or �pithermal et de cuivre porphyrique en Ha�ti, ainsi que la mine de cuivre-or de classe mondiale Pueblo Viejo dans le pays voisin, en R�publique Dominicaine.

Le programme de forage carottier est r�alis� par Palo Verde Drilling LTDA de R�publique Dominicaine, � l'aide d'une foreuse pouvant �tre d�plac�e � bras d'homme, sans �quipement lourd.

Tous les �chantillons de roches ont �t� envoy�s aux installations d'Acme Analytical Laboratories (� Acmelabs �) � Port-au-Prince pour la pr�paration des �chantillons, puis achemin�s aux laboratoires d'analyse d'Acmelabs � Vancouver pour analyse multi-�l�ments (ICP-ES et dilution � l'eau r�gale) et des m�taux pr�cieux (pyroanalyse avec fini par ICP-ES). Des protocoles standards de contr�le de la qualit� ont �t� mis en ouvre.

Propri�t� SOMINE

SIMACT Alliance Copper Gold Inc. d�tient 68,7 % de toutes les actions �mises et en circulation de SOMINE SA, une compagnie constitu�e en vertu des lois de la R�publique d'Ha�ti. La compagnie SOMINE d�tient quant � elle un int�r�t de 100 % dans la propri�t� SOMINE.

La propri�t� SOMINE est constitu�e d'un permis de recherches de 50 km2, dont les droits miniers et les obligations ont �t� assign�s en vertu d'une convention mini�re conclue avec l'�tat ha�tien le 5 mai 2005 et valide jusqu'au 9 mars 2020. SACG a �galement r�alis� des travaux syst�matiques d'�chantillonnage de sols et de prospection sur quatre permis de prospection couvrant quatre secteurs de 100 km2 situ�s � l'est, au sud, et au sud-est du permis assujetti � la convention mini�re. SACG a formul� une demande pour convertir les permis de prospection en permis de recherches (50 km2 chacun) et a d�pos� toute la documentation technique et autres pi�ces justificatives requises pour sa demande aupr�s du BME.

Les conditions de l'entente avec SACG sont pr�sent�es en d�tail dans le communiqu� de Majescor dat� du 23 avril 2009.

� propos de SACG

SIMACT Alliance Copper Gold Inc. (� SACG �) est une soci�t� priv�e bas�e � Montr�al et dirig�e par un groupe de financiers canadiens et de promoteurs am�ricains d'origine ha�tienne. Cette alliance a pour but de promouvoir les initiatives de d�veloppement minier durable en Ha�ti, en cr�ant des synergies entre les milieux canadiens de la finance et de l'industrie mini�re et la diaspora ha�tienne nord-am�ricaine.

� propos de Majescor

Majescor est une soci�t� junior d'exploration ouvrant dans des districts miniers en �mergence. Le portefeuille de propri�t�s de Majescor comprend deux projets d'exploration pour l'uranium au Qu�bec : Mistassini (d�tenue � 100%; option accord�e � Ressources Strateco inc.) et Lac Laparre (d�tenue � 100 %; option accord�e � Virginia Energy Resources Inc.). En plus de l'uranium, Majescor d�tient 100 % des droits miniers pour l'or et les m�taux usuels dans quatre propri�t�s au Madagascar (option accord�e � Sunridge Gold Corp.).

Ce communiqu� a �t� pr�par� par Marc-Andr� Bernier, G�o., administrateur de Majescor, agissant � titre de � personne qualifi�e � pour la Soci�t� en vertu de la norme canadienne 43-101. 

Pour de plus amples renseignements sur Ressources Majescor inc. (TSX-V : MJX), SIMACT Alliance Copper Gold Inc. et la propri�t� cuivre-or SOMINE, veuillez consulter notre site web au : www.majescor.com, ou communiquer directement avec nous :

Marc-Andr� Bernier
Pr�sident et chef de la direction
Ressources Majescor inc.
marc-andre@majescor.com

Tel: +1.418.748.1141   
www.majescor.com

Jacqueline Monfourny  
Pr�sidente
SIMACT Alliance Copper Gold Inc.
rad.jm@sympatico..ca

Tel.: +1.514.707.5869

�nonc�s prospectifs
Le pr�sent communiqu� peut contenir ou faire r�f�rence � des � �nonc�s prospectifs � qui refl�tent les attentes de la direction � l'�gard de la croissance, les r�sultats d'exploitation, le rendement et les perspectives et occasions d'affaires de la Soci�t� dans l'avenir. Ces �nonc�s refl�tent les avis de la direction au moment du pr�sent communiqu� et se fondent sur les renseignements actuellement � la disposition de la direction. Tous les �nonc�s autres que les �nonc�s de faits historiques compris dans ce communiqu�, incluant sans s'y limiter, des �nonc�s � l'�gard de min�ralisation et de r�serves potentielles, de r�sultats d'exploration et de projets et objectifs futurs de Ressources Majescor inc., sont des �nonc�s prospectifs qui impliquent des risques et des incertitudes. Nul ne peut garantir que ces �nonc�s s'av�reront exacts, ainsi les r�sultats r�els et les �v�nements futurs pourraient diff�rer sensiblement de ceux anticip�s par de tels �nonc�s. Parmi les facteurs importants qui pourraient faire en sorte que les r�sultats r�els diff�rent sensiblement des attentes de la direction, citons les risques li�s � l'exploration d�crits dans les pr�sentes et de temps � autre dans les documents d�pos�s par la Soci�t� aupr�s des autorit�s r�glementaires en valeurs mobili�res.

La Bourse de croissance TSX et son fournisseur de services de r�glementation (au sens attribu� � ce terme dans les politiques de la Bourse de croissance TSX) n'assument aucune responsabilit� quant � la pertinence et � l'exactitude du pr�sent communiqu� de presse.

Data and Statistics for these countries : Dominican Republic | Haiti | Madagascar | All
Gold and Silver Prices for these countries : Dominican Republic | Haiti | Madagascar | All

Majescor Resources Inc

EXPLORATION STAGE
CODE : MJX.V
ISIN : CA7609603021
CUSIP : 760960104
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Majescor Res. is a gold and cobalt exploration company based in Canada.

Majescor Res. holds various exploration projects in Madagascar.

Its main exploration properties are MISTASSINI, LAC LAPARRE, BAKER LAKE and MIRABELLI in Canada, DARAINA, ANTSAKABARY, ANALALAVA, ANKARAMY and BESAKOA in Madagascar and HAITI in Haiti.

Majescor Res. is listed in Canada and in United States of America. Its market capitalisation is CA$ 2.2 millions as of today (US$ 1.8 millions, € 1.5 millions).

Its stock quote reached its highest recent level on December 21, 2001 at CA$ 9.00, and its lowest recent point on February 19, 2016 at CA$ 0.02.

Majescor Res. has 31 300 000 shares outstanding.

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24hGold TrendPower© : 27
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Last updated on : 12/18/2010
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Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.70-0.65%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 12.26+2.68%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.53-1.87%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.06+0.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.64-1.86%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 16.23+4.04%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.24+4.26%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.20+2.63%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 1.88+0.53%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 52.71+0.19%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.04+5.56%Trend Power :