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Gold/Mining/Energy : Major General--MGJ

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To: hedger who wrote (583)9/10/1998 5:35:00 PM
From: Ed Pakstas  Read Replies (2) of 1707
 
****Sarah Lake drilling resumes****

Major General Resources Ltd MGJ
Shares issued 35,650,047 Sep 9 close $0.26
Thu 10 Sept 98 News Release
Also Teck Corp (TEK.B)
Also Donner Minerals Ltd (DML)
Mr. Glenn Shevchenko reports
Donner Minerals/Teck Corp. have recently resumed drilling on the South
Voisey Bay project with four to six drill holes targets for Major General's
Sarah Lake property.
The partially completed pulse electromagnetic survey on the Sarah Lake
property has outlined a number of anomalies that are interpreted as flat
lying conductors at the base of the gabbro complex. At this time four drill
holes are planned on such conductors while two other targets are pending
until the gravity surveying has been completed. Additional PEM surveying in
the north central portion of the property may develop further drill
targets.
Interpretation of field work completed on the Sarah Lake claims to date
indicates that much of this property is underlain by the favourable gabbro
complex. Until recently, work on the central portion of the property has
been limited due to the extensive cover of local gneisses. This cover is
now interpreted to be relatively thin, allowing the base of the gabbro to
be surveyed by PEM which can test to depths of 500 metres.
This extensive gabbro, combined with the recently discovered feeder type
dyke complex at the western fringe of the Sarah Lake property,
substantially enhances the potential for discovery of a Voisey's Bay style
nicker-copper zone. Drill holes in the area of the feeder dyke all
encountered highly contaminated olivine gabbro with significant nickel
sulphides at the base of the known gabbro complex, a setting similar to the
Voisey's Bay deposits.
These factors, combined with the apparent thickening of the host olivine
gabbro into the centre of Major General's property, provide for a large
area of untested favourable gabbro complex.
(c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com
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