!!!!!!!NEWS RELEASE!!!!!!!
Subject:
Stockwatch: Major General Resources Ltd - News Release
Date:
Thu, 16 Oct 1997 15:40:25 -0700
From:
newsout@canada-stockwatch.com
To:
edpak@georgian.net
Sarah Lake drilling recommenced
Major General Resources Ltd MGJ
Shares issued 31,221,119 Oct 15 close $0.51
Thu 16 Oct 97 News Release
Mr Glen Shevchenko reports
Teck-Donner have mobilized a third drill rig onto the South Voisey Bay
project and drilling has recommenced on Major General's Sarah Lake nickel
property which is 90km south of Voisey's Bay. The drill program, consisting
of three to six core holes, is testing strong gravity anomalies that have
been recently outlined in the southern portion of the claim.
Two senior company geologists have recently visited the project site, as
well as the Voisey's Bay deposit, and have made the following observations.
It is now clearly established that extensive, multiple phase gabbros cover
significant portions of the South Voisey Bay project area. Geological
mapping has defined a coarse grained upper phase containing minor olivine
which overlies a lower olivine rich phase (troctolite). The nickel copper
sulphide mineralization encountered thus far occurs proximal to the basal
portion of the troctolite. This geological setting is identical to that at
Voisey's Bay, where the continuing drill program has outlined over 80
million tons of nickel-copper ore.
Teck has recently completed 425 line kilometres of gravity surveys with the
objective of defining thicker sequences of gabbro along with potential
areas of massive sulphide mineralization. A number of gravity anomalies are
presently being drill tested and have intersected significant nickel-copper
mineralization.
The gravity survey, which was only completed over the southern one-third of
Major General's 142 claim property, has defined several areas of potential.
Previous drilling on the property, which was targeted on other concepts,
encountered several thin troctolite sections carrying weakly disseminated
or very narrow massive sulphides, however, none of the gravity anomalies
were tested.
In Donner's news release dated September 30 1997, it was announced that
drill hole SVB-67, which is on the Donner-Northern Abitibi joint venture,
intersected a 2.5m section of disseminated mineralization exhibiting
textures which closely resemble the massive copper-nickel-cobalt
mineralization identified at Voisey's Bay. Within this section three
massive sulphide lenses returned 1.35 to 1.93% Ni, 0.84 to 1.64% Cu and
0.17 to 0.26% Co over thicknesses of 10 to 60 centimeters. Additionally, in
the news release dated October 15 1997, Donner announced that drill hole
SVB 97-75 intersected a 1.1m high grade zone of 11.75% Ni, 9.70% Cu and
0.43% Co. Of particular interest to the company is the fact that these
drill holes, which are within 1km of the claim boundary, were collared at
the edge of a gravity anomaly that increases significantly in intensity
(density 3.00 g/cc) to the north and out to Major General's ground to the
east. Early drilling at Voisey's Bay large Eastern Deeps deposit
encountered similar mineralized widths at the periphery before encountering
ore zones in the thicker portions of the troctolite.
The Sarah Lake property is 100% owned by Major General and is currently
under option to Donner Resources, which may earn a 60% interest. The
property is an integral part of the large 1,000 sq km South Voisey Bay
project which is operated by Donner in joint venture with Teck Corp.
Drilling is expected to continue well into November and the company will
report additional interim results as they become available.
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