Majescor reports initial drill results from Somine, hits 0.56% copper over 371 metres

Majescor Resources (CVE:MJX) reported late Thursday initial drill results, analyzed with a portable X-ray fluorescence analyzer, from the ongoing drill program on its Somine copper-gold property in northeastern Haiti.
Diamond drill hole DDH D-001, completed on the Douvray porphyry copper-gold deposit, returned 0.565% copper over 255 metres, including 0.71% copper over 189 metres.
The second drill hole, DDH D-002, intersected 0.566% copper over 371.1 metres, before it bottomed in mineralization at the maximum depth of the drill rig.
Any gold values were not analyzed during the assays, but will be reported once they are received from the laboratory, Majescor said.
Additionally, Majescor said induced polarization (IP) survey inversions have outlined a significant new target area, located west of the Blondin deposit, and north of the Douvray region, in the Mount Vernon area. Rock chip samples are currently being analyzed, and one drill hole is planned there during the current phase one program.
Along with its wholly owned subsidiary, Simact Alliance Copper-Gold, and their Haitian partner, Somine S.A., Majescor has focused the ongoing exploration work on soil geochemical surveys, and on the re-interpretation of the IP geophysical survey conducted on the property in the 1970s and 1980s by the United Nations Development Program.
The mineral rights on the Somine property are wholly owned by Somine S.A., of which Majescor's subsidiary Simact is a majority shareholder. Simact also acts as the technical operator of the project, which consists of a 50-square kilometre research permit that expires in March 2020.
To date, 1,000 metres of the 10,000-metre drill program have been completed on the property. Majescor said the phase one, 3,500-metre program is progressing well, and will be followed by the phase two, 6,500-metre program in the first half of 2012. The results from these programs will be used to calculate an NI 43-101 compliant resource estimate for the property.
Based in Montreal, Majescor is a junior explorer focused on emerging mineral districts. In addition to its Somine project, Majescor holds a 40 percent interest in the Mistassini uranium property in Quebec with Strateco Resources (TSE:RSC), and a 50 percent interest in the Besakoa gold-and-base metal property in Madagascar with Sunridge Gold (CVE:SGC).
On the TSX-Venture Exchange, Majescor shares closed on Thursday up 21.95 percent at $0.25.