Major General--MGJ Message Board

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Gold/Mining/Energy : Major General--MGJ

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To: russet who wrote (1585)	7/5/2000 1:34:20 PM
From: kidl	Read Replies (1) of 1707

Major General to explore for nickel on Satellite Major General Resources Ltd MGJ Shares issued 41,826,328 Jun 30 close $0.14 Wed 5 Jul 2000 News Release Mr. William Coulter reports The Innu Nation, representing the Innu of Labrador and Major General Resources, has negotiated and signed agreements which will enable Major General to conduct exploration for nickel on its Satellite (100 per cent owned) and Sarah Lake (40-per-cent joint venture interest) properties this year. On the Sarah Lake property, Major General is planning detailed gravity surveys to be followed by diamond drilling. On the Satellite property, electromagnetic and gravity surveys will be undertaken this summer. While recognizing that exploration programs are success contingent, Major General anticipates that its total exploration expenditure for this year in Labrador could reach $1-million. Several mining companies interested in nickel have expressed interest in the Labrador properties. Donner Resources, with a 60-per-cent joint venture interest with Major General at Sarah Lake, has advised Major General that it will not participate in this year's exploration program. (c) Copyright 2000 Canjex Publishing Ltd. canada-stockwatch.com

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