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Gold/Mining/Energy : Major General--MGJ

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To: UPTICK who wrote (920)11/27/1998 8:53:00 PM
From: Abner Hosmer  Read Replies (1) of 1707
 
Here it is:

Major General Resources Ltd - News
Release

More diamonds from Victoria Island

Major General Resources Ltd MGJ
Shares issued 35,650,047 Nov 27 close $0.28
Fri 27 Nov 98 News Release
Also Ascot Resources Ltd (AOT)
Mr. Glenn Shevchenko and Mr. Ken Carter report

Major General and Ascot Resources have received further results from their
Victoria Island property. Samples collected by Monopros and processed at
the De Beers laboratories in South Africa have provided additional diamond
results, diamond size information, geological data and chemistry of
indicator minerals for the Golden Plover, Longspur, Phalarope and Whimbrel
kimberlites. Results for the Snowy Owl kimberlite are pending.

New Diamond Counts
The additional 10 and 20 kilogram sample splits that were processed at the
De Beers Geoscience Centre (Johannesburg) resulted in the recovery of
additional diamonds. A 10 kilogram sample from the Longspur kimberlite
provided an additional 30 diamonds while a 20 kilogram sample from Golden
Plover contributed five new diamonds. This now brings the total counts to
39 diamonds in 90 kilograms of sample material for Longspur and 44 diamonds
in 180 kilograms of sample material for Golden Plover. No new diamonds were
recovered from the 20 kilogram samples from each of the Phalarope and
Whimbrel kimberlites.

Diamond Size Distribution
The table below shows diamond sizes for the results received to date from
these kimberlites. Note that one diamond is between 1.0 and 2.0 millimetres
in size.

TABLE OF DIAMOND SIZES
(mm)
-----------------------------------------
Kimberlite
Golden Longspur Phala- Whimbrel Total
* Plover rope
-----------------------------------------
+2 0 0 0 0 0

+1 0 1 0 0 0

+.5 2 1 0 0 2

+.3 2 0 0 0 0

+.21 3 3 2 0 8

+.15 8 8 1 0 17

+.105 8 13 1 0 22

+.074 18 12 0 1 31

-.074 3 1 2 - 6

Total number of diamonds

44 39 6 1 90

Total sample weight (kg)

180 90 180 180 630
* Numbers in this column are millimetres

The diamond sizes shown in the table above were determined by sieving
through square mesh screens with openings in the sizes shown. From this
table, it is clear that four of the stones can be interpreted as
macro-diamonds as their minimum dimension is greater than 0.5mm. It is also
possible that other microdiamonds larger than 0.3mm but smaller than 0.5mm
mesh size may have a long axis greater than 0.5mm. Detailed measurements
are pending.

Crater facies and hypabyssal facies kimberlite have been identified by
petrological work at the De Beers research facilities. The Golden Plover
and Phalarope kimberlite samples contain both crater and hypabyssal
kimberlite, while the Longspur and Whimbrel samples contain only hypabyssal
kimberlite material.

Xenoliths of country rock fragments in the kimberlites include limestone
and shale which are local cover rock sequences. Detailed petrographic
relationships cannot be interpreted as samples studied were small
percussion drill chips which were recovered from drill holes sampling only
5 to 11m into each kimberlite.

High numbers of garnet and spinel grains are contained in the Golden Plover
and Longspur kimberlites, while the Phalarope kimberlite has moderate to
abundant garnet and spinel grains. The Whimbrel kimberlite has no garnets
and rare spinels. Ilmenite is common only in Golden Plover and rare or
absent in the other kimberlites. Clinopyroxene is moderately abundant in
Golden Plover, rare in Phalarope and is absent in Longspur and Whimbrel.
Microprobe results indicate the presence of G-10 garnets in the Golden
Plover, Longspur and Phalarope kimberlites. High interest eclogitic garnets
were recovered from Golden Plover and Longspur. Ilmenites from Golden
Plover, Longspur and Whimbrel have compositions reflecting reducing
conditions favourable for diamond preservation.

Initial magnetic susceptibility measurements on drill chips indicate that
the hypabyssal kimberlite is moderately magnetic while the crater facies
kimberlite has a very low magnetic susceptibility. This is important as the
size of the kimberlite bodies are not necessarily related to the size of
the magnetic anomaly.

From a prospecting priority perspective, the De Beers petrologists classify
Golden Plover, Longspur and Phalarope as high interest kimberlites. In view
of the results obtained to date, Monopros considers that further work is
warranted on these kimberlites.

Monopros, in consultation with Major General and Ascot, is preparing a
budget and work program for 1999. This program will likely include
geophysics, glacial sediment sampling and core drilling.

Detailed results are still awaited for the Snowy Owl kimberlite, which
returned an initial count of 75 diamonds from an 80 kilogram sample.

(c) Copyright 1998 Canjex Publishing Ltd.
canada-stockwatch.com
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