PR is out Sorry Stockhouse wouldn't allow me to paste it all.
For immediate release
February 1, 2012
MJX: TSX-Venture
Majescor and SOMINE report 255 g/t silver (7.4 oz/ton) over 13.5 m in the supergene oxide zone in Hole D-002 at the Douvray porphyry copper-gold prospect, Northeast Haiti – Includes 1.5 m intercept grading 2,069 g/t silver (2.07 kg/t or 60.4 oz/ton)
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 laws.
Montreal, QC, February 1, 2012. 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 the final assay and over-limit check results for the supergene oxide and oxide/sulphide transition zones for the first five holes (D-001 to D-005) completed on their SOMINE porphyry copper-gold and epithermal vein gold-silver project in Northeast Haiti.
All five holes drilled to date at the Douvray porphyry copper-gold prospect intersected significant enrichments of silver within the supergene oxide zone. Hole D-002, located 440 m southwest of Hole D-005 which just returned 0.60% Cu, 0.08 g/t Au, 0.88 g/t Ag over 212.80 m in the sulphide zone (see Majescor Press Release dated January 31, 2012) as well as Hole D-004, located 359 m northwest of Hole D-002, display the most anomalous silver-bearing oxide zones. Holes D-002 and D-004, drilled at -90º intersected the oxide zone down to a depth of 13.5 m returning the following results:
- Hole D-002: Oxide Zone : 255 g/t Ag (or 7.4 oz/ton), 0.35 % Cu, and 0.02 g/t Au over 13.5 m (from 0.00 to 13.50 m), including:
o 2,069 g/t Ag (or 60.4 oz/ton) 0.52 % Cu, and 0.04/t Au over 1.50 m (from 6.00 to 7.50 m)
- Hole D-004: Oxide Zone : 277 g/t Ag (or 8.1 oz/ton), 0.18 % Cu, and 0.04 g/t Au over 13.5 m (from 0.00 to 13.50 m), including:
o 1,428 g/t Ag (or 41.7 oz/ton) 0.52 % Cu, and 0.04/t Au over 1.50 m (from 12.00 to 13.50 m):
The average thickness of the anomalous silver-bearing oxide zone for all five drill holes at Douvray is 8.0 m true width, with an average grade of 191 g/t Ag, 0.24 % Cu, and 0.01 g/t Au. Furthermore, the drilling conducted to date indicates the supergene enrichment zone is contained within an area that blankets the entire Douvray prospect, measuring over 350 m by 500 m, and remains open in all directions.
Daniel F. Hachey, President and CEO of Majescor states: "We are thrilled with these latest results from the SOMINE drill programme. The presence of high grade silver in the oxide zone at the Douvray porphyry copper-gold prospect introduces an entirely new precious metals dimension, and adds value to the project. We are now considering possible modifications to the design of the exploration strategy for 2012, including systematic shallow infill drilling to further investigate the supergene silver enrichment associated with the porphyry copper-gold system".
The following table provides full details and other notable intercepts returned in holes D-001 to D-005: