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Gold/Mining/Energy : Major General--MGJ

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To: Zardoz who wrote (297)	2/12/1998 6:06:00 PM
From: Flea	Read Replies (1) of 1707

Major General Resources Ltd - Labrador staking Major General Resources Ltd MGJ Shares issued 33186119 1998-02-11 close $0.37 Thursday Feb 12 1998 Mr Glenn Shevchenko reports The company has recently received approval from the Newfoundland and Labrador Mines Department for three map staked properties totalling 134 claim units in Labrador. The properties are along the western margin of the Nain Plutonic Complex, 40km west/northwest of the South Voisey Bay project. Drilling by Teck/Donner/Northern Abitibi on the south Voisey Bay project in late 1997 intersected a 15m interval of massive Ni-Cu-Co sulphides at the base of a thick gabbro rock unit. The host of these massive sulphides and the large Voisey's Bay Ni-Cu-Co deposits are gabbros related to the Nain Plutonic Complex. Mapping by the mines department indicates that the company's new properties cover similar gabbros and are proximal to anomalous nickel and copper lake bottom samples outlined by regional government geochemical surveys. The company now controls five additional nickel-copper properties in the Nain Complex outside of its Sarah Lake property, which is an integral part of the South Voisey Bay project.

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