Major General--MGJ Message Board

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Gold/Mining/Energy : Major General--MGJ

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To: digs who wrote (1440)	8/31/1999 8:51:00 PM
From: digs	Read Replies (1) of 1707

Major General Resources Ltd - Major General's JV partner on Despinassy project earns interest Major General Resources Ltd MGJ Shares issued 38,152,643 1999-08-31 close $0.19 Tuesday Aug 31 1999 Mr. William Coulter reports Cameco Gold Inc. has notified Major General that, having spent over $600,000 on property exploration in less than two years at Despinassy, it has earned a 60-per-cent joint venture interest. Further, Cameco has advised that it intends to spend a further $250,000 to increase its property interest to 70 per cent. Subject to the normal year-end exploration budget reviews, Cameco anticipates conducting core drilling programs this fall and next spring. Cameco has outlined a deformation zone carrying anomalous to high-grade gold values over a strike length of 4.1 kilometres open at both ends on the Despinassy gold property. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com old url (better for printing)

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