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Gold/Mining/Energy : Major General Resources Limited

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To: Eric Rojas who wrote (30)1/9/1997 7:11:00 PM
From: Robert Saito   of 123
 
Major General Resources Ltd MGJ
Shares issued 26,345,089 Jan 9 close $0.58
Thu 9 Jan 97 News ReleaseMr Glenn Shevchenko reports

A 34% increase in gold grade was encountered during the metallic assay
procedure on a drill core sample containing visible gold. On December 18, 1996 (Stockwatch, December 19), the company released a preliminary gold assay from deep hole BB-96-67 on the Orion discovery zone which ran 46.96 g/t Au over the 0.35 metre interval from 403.6-403.95 metres. The metallic check assay increased the gold grade to 63.17 g/t Au with a diluted value of 0.54 oz/t Au over 4.0ft.

The lower portion of the high grade Orion discovery vein now has an
apparent down plunge continuity of over 525 feet and is open at depth.
Assay and geological data for the Orion discovery and main gold zones is being compiled. Plans for further work at Orion will be made once this is completed.
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