Major General launches first South Voisey's Bay drilling since 1998 and expands land position
Trading Symbol (CDNX-MGJ)
Shares Issued: 41,826,328
VANCOUVER, Sept. 12 /CNW/ - Major General Resources Ltd. has begun
drilling up to three 600 metre diamond drill holes on its Sarah Lake claims,
which form part of the South Voisey's Bay Nickel Project. This is the first
exploration since 1998 at South Voisey's Bay, 90 kilometres south of Inco's
Voisey's Bay nickel deposit.
Additionally, Major General is conducting electromagnetic and gravity
surveys at its 100 percent owned Satellite property, west of Sarah Lake.
Contingent upon the success of these surveys, an additional drill program will
be launched.
Major General's Sarah Lake target is a large, strong gravity anomaly
with a source interpreted to measure 600 metres by 1200 metres and an
inferred mass in excess of 300 million tonnes. This large source may be caused
by semi-massive to massive nickel-copper-cobalt sulphides at the base of the
thick olivine gabbro underlying much of the Sarah Lake Property. Numerous
nickel-copper sulphide zones including 15 metres of 1.1% Ni and 0.8% Cu plus
1.1 metres grading 10.5% Ni and 9% Cu have been intersected on adjoining
ground within this olivine gabbro.
The outline of the target suggests that, if confirmed by drilling, it
will extend eastward into 36 newly acquired claims which are owned 100 percent
by Major General. This target has not previously been tested by diamond
drilling.
Major General Resources is operator and 40 percent shareholder of the
Sarah Lake claims. The remaining 60 percent is owned by Donner Minerals Ltd.
However, Donner has elected not to participate in the drilling program. By
funding the program alone, Major General has the right to increase its
interest in the joint venture.
Major General is a mineral exploration company with $3 million in cash
and all of its operations at this time in Canada. It is actively exploring
with Dia Met Minerals for diamonds on Victoria Island, Nunavut, with Cameco
Gold Inc. for gold at Despinassy, north of Val d'Or, Quebec and for base
metals with Hudson Bay Exploration and Development Company Limited at Green
Bay in Newfoundland. Earlier this year, Major General sold its
Hammerdown/Rumbullion gold deposit property in Newfoundland to Richmont Mines
Inc. Major General retains a royalty interest in the property which is now
being prepared for production.
Encouragement to proceed with its nickel projects has been given Major
General by several large mining companies, the Mines Department of
Newfoundland/Labrador and the Innu Nation which represent the Innu of
Labrador, with whom Major General signed enabling agreements earlier this
year.
William J. Coulter
President
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