Major General--MGJ Message Board

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Gold/Mining/Energy : Major General--MGJ

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To: Brian Fowler who wrote (1181)	3/11/1999 2:30:00 PM
From: Ed Pakstas	of 1707

*NEWS RELEASE* Major General says Cameco Gold begins drilling at Despinassy project Major General Resources Ltd MGJ Shares issued 38,065,143 Mar 10 close $0.26 Thu 11 Mar 99 News Release Mr. Glenn Shevchenko reports Diamond drilling has recently commenced on the company's 100-per-cent-owned Despinassy property 70 kilometres north of Val d'Or, Que. The property is optioned to Cameco Gold Inc. which is conducting a 2,000-metre drill program consisting of 10 to 12 holes that are designed to test for Abitibi-type gold mineralization. In 1998, Cameco completed geophysical surveys and eight drill holes which resulted in the discovery of a second parallel gold zone. The gold mineralization extends along strike for at least 1,500 metres and is hoted in multiple sets of sulphide-bearing quartz veins that are associated with wide silicified shear zones. The strike length and extensive silicification supports the potential for a large mineralized system. The encouraging results prompted Cameco to renew the option and conduct a 38-kilometre induced polarization survey over previously untested portions of this 60-claim property. Cameco is in the second year of its option whereby it may earn a 60 per cent interest in the property over a three-year period. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com

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