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securities laws.
Montreal, QC, December 13, 2011. Majescor Resources
Inc.(" Majescor" or the "
Company") ( MJX: TSX-V), its
100%-owned affiliate company SIMACT Alliance
Copper-Gold Inc. ("SACG") and their Haitian partner
SOMINE SA are pleased to report final assay
results for drill hole D-001 on their SOMINE porphyry
copper-gold and vein gold project in Northeast Haiti:
Drill hole D-001 is located in the southwest part of the
Douvray copper - gold deposit, and was drilled to a depth
of 359.0 meters (azimuth 250o, dip -70o), with the
following results:
- From 77.5 m to 308.5 m: 231 metresgrading
0.50 wt.% Cu, 1.47 g/t Ag, 0.06 g/t
Au, or 0.56 wt.% Cu
equivalent*;
- including from 103.0 - 200.5 m: 96.5
metresgrading 0.83 wt.% Cu, 2.66 g/t Ag, 0.10
g/t Au, or 0.92 wt.% Cu equivalent*.
In addition, a near-surface oxide zone has: from 0 - 10.5
metres: 0.14 wt.% Cu, 26.7 g/t Agor 0.46
wt.% Cu equivalent*.
* Cu equivalent calculated using US$3/lb Cu, US$25/oz
Ag, US$1200/oz Au.
The sulphide mineralogy comprises chalcopyrite, bornite and
pyrite. The gold and silver assays in the sulphide zone are
significant, given that the exploration target is a 200+
million tonne deposit amenable to surface mining. The
assays for copper and silver in the oxide zone are also
important, as there is potential for an oxide resource at
Douvray (see Majescor press release dated September 13,
2011).
The 3,500 metre Phase 1 drill program for the SOMINE
project is proceeding well, and will lead into a 6,500
metre Phase 2 drill program in the first quarter of 2012.
The Niton™ XRF core cuttings (or core saw sludge)
analytical program is providing geologists on site with
preliminary data to assist with core logging and for
initial interpretation. A statistical comparison between
the Niton data and the laboratory data for this drill hole
is underway and will be posted on the Majescor website in
due course. The assay data reported here are comparable to
results from a previous drill hole from a campaign by St.
Genevieve Resources in the 1990s. These data are being
evaluated by independent qualified person Jamie Lavigne, P.
Geo., to determine the suitability of the earlier drilling
for inclusion in initial NI 43-101 compliant resource
estimates for the Douvray porphyry copper gold deposit.
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 G601 and 1D01 methods. Any samples
registering >1 wt % Cu is reanalysed using a four-acid
total digestion by ICP-ES (Code 8TD-Cu). Acme Labs is an
ISO 9001:2008 qualified assayer that performs and makes
available internal assaying controls. Quality control
protocols in place by Majescor (the operator of the SOMINE
project) consist of the insertion of one blank, one reject
duplicate and one of three different certified reference
standard material 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 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. SOMINE SA 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.
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.).
C. Tucker Barrie, Ph.D., P. Geo., Vice-President
Exploration, Majescor, is the qualified person for this
press release in compliance with National Instrument
43-101. Mr. Barrie prepared this press release.
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: 613.241.8632
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.
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