Business
Majescor Exploration Update
OTTAWA, ONTARIO--(Marketwired - July 19, 2016) - Majescor Resources Inc. ("Majescor" or the "Company") (TSX VENTURE:MJX) is pleased to update its exploration ac
About this update from Windfall Geotek Inc.
[{"type":"text","content":"OTTAWA, ONTARIO--(Marketwired - July 19, 2016) - Majescor Resources Inc. (\"Majescor\" or the \"Company\") (TSX VENTURE:MJX) is pleased to update its exploration activities on three projects in Quebec. Montagne B Lithium The Company has completed an initial sampling program on the property located eight and twelve kilometres southwest of Nemaska lithium's Whabouchi deposit. Approximately 37 samples were collected from surface and sent to ALS Minerals (Val d'Or) lab for assaying lithium, tantalum, beryl, and other elements. Rupert Lithium 45 Properties Majescor has mobilized a crew to start exploration work on its recently announced option on two blocks of claims. The properties are located southeast from the Whabouchi lithium deposit of Nemaska and southwest from the Cyr deposit which is actively explored by Galaxy Lithium. The exploration program will consist of surface sampling, mapping, trenching, and soil geochemistry. The program will follow up on the consistent lithium anomalies in lake bottom sediments within a pegmatite field. Both properties are easily accessible by road. Eastmain Gold Project The Company has mobilized a crew to start its prospecting program to follow up on 12 high priority gold targets (figure 1). The properties, which cover 2,752 hectares, are located near the new Route 167, 320 kilometres north of Chibougamau. They are within the favourable Opinaca metasedimentary subprovince, which has numerous gold mines, deposits, and occurrences, including Goldcorp's Eleonore gold mine (plus-eight million ounces gold in production), Eastmain Resources' Eau Claire gold deposit (900,000 ounces Au, at feasibility) and the Eastmain gold mine (250,000 ounces Au, open at depth and along strike). The region is very active and considered one of the most favourable for new gold discoveries in Canada. The targets were identified by Diagnos Inc. who conducted a regional Computer Aided Resource Detection System (\"CARDS\") analysis in early 2016. The system uses pattern recognition algorithms to analyse compiled digital exploration data and to identify areas with similar geological signatures to known areas of gold mineralization. André Audet, Interim CEO of Majescor, commented: \"This will be a very active summer for Majescor. I am looking forward to report on the results of our exploration programs and to further advance o...