Waiting on ADK...So while we wait for ADK news we can wonder what is going on with our other investment ...I think with metals markets ready to move up this year with all the other uncertanties we may have some new revenues down the road ...from our CARDS platform find us making cash from other streams for ADK...plus new name change and higher share price ...here's to CARDS making us some cash...while we all expect good news fro CARA platform and maybe Cardiovasculiar one day soon !
Majescor Resources to change name to Albert Mining
2017-06-20 09:54 ET - News Release
Mr. Michel Fontaine reports
MAJESCOR RESOURCES TO CHANGE NAME TO ALBERT MINING INC. AND ANNOUNCES A $550,000 NON-BROKERED PRIVATE PLACEMENT
Majescor Resources Inc. has decided to change its corporate name to Albert Mining Inc. The corporation has adopted the name Albert Mining and will formalize its rebranding initiatives in the near future to reflect the acquisition of the entire mining division of Diagnos Inc., including the computer-aided resources detection system (CARDS), Manageo (claims management), as well as all the exploration projects and royalties.
The name change is designed to eliminate confusion and better align the corporation's name to its current identity as it focuses efforts on exploration, services using its 2-D/3-D CARDS system using artificial intelligence (AI) and data mining. The common shares of the corporation will begin trading under the new name on the TSX Venture Exchange, upon acceptance by the TSX-V, which should be shortly following the corporation's next annual and special meeting of shareholders scheduled for July 14, 2017. The corporation will also apply for a new Cusip number and ticker symbol. In the interim, the corporation will continue to trade under the symbol MJX on the TSX-V until further notice. The corporation's website has changed from Majescor to Albert Mining.
Majescor announces a $550,000 non-brokered private placement comprising $250,000 in flow-through common shares at an issue price of 12 cents per share and $300,000 in non-flow-through common shares at an issue price of 10 cents per share with one common share purchase warrant. Each warrant entitles the holder thereof to acquire one additional common share in the capital of the corporation at a price of 16 cents per share for a period of 24 months following the closing of the offering. All securities issued in the offering are subject to a four-month-and-one-day hold period. The proceeds of the offering will be used for exploration on the corporation's James Bay kimberlite project (located close to the Stornoway diamond mine) as well as the Currie Madeleine and Wachigabau gold projects located in the Lebel sur Quevillon region in Quebec.
Majescor begins field program at gold, diamond projects
2017-06-27 09:26 ET - News Release
Mr. Michel Fontaine reports
MAJESCOR/ALBERT MINING COMMENCES EXPLORATION ON ITS QUEBEC DIAMOND AND GOLD PROPERTIES
Majescor Resources Inc. has begun its summer 2017 field program on its gold and diamond properties.
James Bay Kimberlite
The James Bay Kimberlite property which consists of 21 claims blocks (131 CDC claims) located in proximity to the Renard Diamond Mine and Stornoway's Adamantin Project , will be investigated in early July through till sampling. Some of the glacial sediment samples will be collected immediately down ice from the 37 kimberlite targets that were identified and scored by rank of priority using the Computer Aided Resource Detection System (CARDS). This territory became a focal point for kimberlite exploration following the discovery of diamonds in the Renard and the Beaver Lake sectors. The helicopter-borne sampling will be carried out by two senior geologists and the samples will be promptly submitted to Overburden Drilling Management of Ottawa for the recovery and identification of kimberlitic indicator minerals.
Nelly Neilson gold and Laparre Kimberlite
Work on the two projects will be carried out in conjunction with exploration on the James Bay Kimberlite property. The Nelly Neilson and Laparre properties respectively cover anomalous gold grains and kimberlite indicator minerals in glacial sediment identified through previous regional sampling. The follow-up work will entail closely-spaced till sampling to confirm and better locate the source of the minerals. About ten till samples are planned at Laparre. Till fences, in contrast, are to be performed perpendicularly to the main ice flow at Nelly Neilson.
Currie-Madeleine Gold-Copper
The Currie-Madeleine property covers 4 gold targets, 1 copper target, and 2 copper-zinc targets, all generated by Albert Mining using its Computer Aided Resource Detection System (CARDS). It consists of 54 claims (CDC) distributed in two blocks for a total area of 3,030 hectares. The property is located in the Lebel-sur-Quevillion and Desmaraisville area and it rests on the prolific Archean Abitibi sub-province. Four gold showings grading over 1 g/t and two zinc showings grading over 1% have been reported in historical drill holes on the property. Many gold showings are described in the area and three gold deposits: Discovery, Lake Rose, and Flordin, are located within seven km of the property. After the compilation and integration of all geology and drilling reports, geophysical ground and recent airborne surveys, including data from adjacent properties, a first phase exploration program including field reconnaissance will be performed on the CARDS-generated targets. A high-resolution geophysical EM survey will follow. A detailed analysis of the data from the second phase will aid the company to re-evaluate the mineral potential of the property and determine the appropriate location and orientation of future drill holes.
Wachigabau Gold-Copper
The Wachigabau property covers 5 gold targets and 1 copper target selected from the CARDS computer program of Albert Mining. It consists of 33 map-designated claims (CDC), totaling 1,842.03 hectares. The property lies within the southern band (Caopatina Segment) of the Chibougamau-Matagami Archean greenstone belt. The Wachigabau property is located within a 15 km radius of 2 gold deposits (Short Lake & Mariposite) and 3 known gold and base metals showings (Lac Relique-Ouest, Simard & Lac Lapointe SE). A geochemical survey will be performed over the CARDS gold targets hidden below thick overburden so as to validate their mineral potential.
Mirabelli Gold
Majescor recently initiated its 2017 field season by completing detailed prospection and infill till sampling along the paved Radisson Road on its Mirabelli Property located in Quebec's James Bay area. The suspected iron formation was observed in bedrock and samples were sent to the laboratory for gold and multi-element analysis. Till samples are being processed for recovery and identification of visible gold particles and heavy mineral fractions.
About Majescor Resources Inc.
Majescor is a junior mining exploration company with an extensive portfolio of gold and diamond properties in Quebec. Majescor also recently acquired assets from DIAGNOS Inc.'s mining division, including the Computer Aided Resources Detection System ("CARDS"). Majescor can count on a multidisciplinary team that includes professionals in geophysics, geology, Artificial Intelligence, and mathematics. The Corporation's objective is to develop a new royalty stream by significantly enhancing and participating in the exploration success rate of mining.
The scientific and technical content of this release was approved by Grigor Heba, P.Geo. a qualified person as defined by the National Instrument 43-101. For further information, please consult Albert's website
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