Mining News:
Majescor Finds First Kimberlite Body in Madagascar
MONTREAL, QUEBEC--(CCNMatthews - Sept. 27, 2005) - MAJESCOR RESOURCES (TSX VENTURE:MAJ) -
Less than 18 months after launching its diamond exploration effort in the country, Majescor and its partner Madagascar Mining Development are pleased to announce that they have discovered the first known kimberlite in Madagascar. The body occurs near surface as a very weathered dyke some 0.5 to 1.0 m thick, with frequent coarse nodular texture (up to 3 cm). The kimberlite dyke is considered to be the source of the abundant indicator minerals with fragile surface textures reported previously (see press release dated August 16, 2005) as ilmenite is readily visible in the kimberlite and a rough field concentrate of the weathered rock has returned ilmenite and chromite.
A deep pit is currently being hand dug on the kimberlite in order to recover fresh rock for petrography, geochemistry and detailed indicator mineral analysis. The kimberlite is also being simultaneously sampled for diamond. Laboratory results are expected early in the new year.
To quote Andre Audet, CEO of Majescor: "We are extremely pleased with the rapid progress of the work performed on this project by Pascal Marchand, project manager and qualified person under National Instrument 43-101. Mr Marchand is currently following up additional targets. We know, from our ever increasing data base, that there are many more kimberlites to be found on the property and in the country in general. Majescor and its partner are considering undertaking a high-resolution geophysical survey early in the new year over the discovery area. This would define the kimberlite pipes which are believed to exist as preliminary dating of indicator minerals recovered from river sediments in the immediate area have yielded Cretaceous and Tertiary intrusion ages". An update on the work in progress will be released in the near future upon completion of this current campaign.
Majescor is a well funded exploration company with a large portfolio of diamond projects in Quebec, Nunavut and the Northwest Territories in Canada, and in Brazil and Madagascar.
The Toronto Stock Exchange - Venture (TSX Venture Exchange) does not accept responsibility for adequacy or accuracy of this release
MONTREAL, QUEBEC--(CCNMatthews - Sept. 27, 2005) - MAJESCOR RESOURCES (TSX VENTURE:MAJ) -
Less than 18 months after launching its diamond exploration effort in the country, Majescor and its partner Madagascar Mining Development are pleased to announce that they have discovered the first known kimberlite in Madagascar. The body occurs near surface as a very weathered dyke some 0.5 to 1.0 m thick, with frequent coarse nodular texture (up to 3 cm). The kimberlite dyke is considered to be the source of the abundant indicator minerals with fragile surface textures reported previously (see press release dated August 16, 2005) as ilmenite is readily visible in the kimberlite and a rough field concentrate of the weathered rock has returned ilmenite and chromite.
A deep pit is currently being hand dug on the kimberlite in order to recover fresh rock for petrography, geochemistry and detailed indicator mineral analysis. The kimberlite is also being simultaneously sampled for diamond. Laboratory results are expected early in the new year.
To quote Andre Audet, CEO of Majescor: "We are extremely pleased with the rapid progress of the work performed on this project by Pascal Marchand, project manager and qualified person under National Instrument 43-101. Mr Marchand is currently following up additional targets. We know, from our ever increasing data base, that there are many more kimberlites to be found on the property and in the country in general. Majescor and its partner are considering undertaking a high-resolution geophysical survey early in the new year over the discovery area. This would define the kimberlite pipes which are believed to exist as preliminary dating of indicator minerals recovered from river sediments in the immediate area have yielded Cretaceous and Tertiary intrusion ages". An update on the work in progress will be released in the near future upon completion of this current campaign.
Majescor is a well funded exploration company with a large portfolio of diamond projects in Quebec, Nunavut and the Northwest Territories in Canada, and in Brazil and Madagascar.
The Toronto Stock Exchange - Venture (TSX Venture Exchange) does not accept responsibility for adequacy or accuracy of this release
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