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MAJOR GENERAL RESOURCES LTD. ("MGJ-V;MGRLF-L") - Significant Gold
Mineralization Drill Intersected
Glenn G. Shevchenko, President of Major General Resources Ltd. is
pleased to announce that its joint venture partner, Cameco Gold Inc.,
has drill intersected an ore-grade intercept of gold
mineralization on the Despinassy Property, Quebec. Drill hole
DES99-17 encountered a 21.3 metre interval grading 6.42 g/T gold
which includes two higher grade zones grading 25.91 g/T gold (uncut)
over 3.1 metres and 6.98 g/T gold over 5.3 metres. This
mineralization is hosted in an upper deformation zone that assayed
2.37 g/T gold over its entire width of 61.4 metres. The hole
also intersected a second lower deformation zone that returned 0.55
g/T gold over 22.6 metres. The property hosts two deformation zones
termed the Ideal Zone (upper) and Parallel Zone (lower) which
extend for at least 2.5 kilometres along strike.
Drill hole DES99-18 undercut the gold mineralization encountered in
DES99-17 by 100 metres. In this hole, the Ideal Zone returned 2.25
g/T gold over 4.2 metres while the Parallel Zone assayed 0.64 g/T
gold over 21.6 metres and 7.58 g/T gold across 2.8 metres.
Visible gold has now been observed in three drill holes, DES99-09, 17
and 18. Hole DES99-09 is located 1,100 metres east of holes DES99-17
& 18. The assay results for these holes are summarized below:
Drill Hole Zone From To Length (metres) Gold Grade (g/T)
DES99-09 Parallel 98.6 98.9 0.3 34.8
DES99-17 Ideal 78.7 140.1 61.4 2.37
Including " 118.8 140.1 21.3 6.42
Including " 118.8 121.9 3.1 25.91 (uncut)
Including " 121.0 121.9 0.9 81.6
Including " 134.8 140.1 5.3 6.98 (uncut)
Including " 136.4 137.1 0.7 31.8
DES99-17 Parallel 159.6 182.2 22.6 0.55
DES99-18 Ideal 222.0 226.2 4.2 2.25
Including " 222.0 222.3 0.3 18.9
DES99-18 Parallel 265.2 286.8 21.6 0.64
DES99-18 Parallel 297.7 300.5 2.8 7.58
Including " 298.8 299.9 1.1 18.6
Drilling to date has identified a huge system carrying anomalous gold
values within a strongly altered deformation corridor. This
corridor measures 2.5 kilometres long by up to 200 metres wide and
remains open along strike and to depth. To date, two zones that
are dominated by altered, sulphidized and quartz veined felsic
porphyries have been identified. The majority of the gold intercepts
obtained on the property are associated with these altered porphyries
and there is high potential for the discovery of economic ore zones
which may have formed within this deformation corridor.
The above results are from the second drill program consisting of
2,437 metres in 11 holes. Cameco has commenced a third drill
program totalling some 1,800 metres in 7 holes.
The Despinassy Gold Property is situated in the middle of the Abitibi
Greenstone Belt which hosts numerous deposits that have produced
between 1 million and 25 million ounces of gold. As the Despinassy
area is covered by extensive overburden, a gold discovery is only
possible by drilling.
The property is located 70 kilometres north of Val d'Or, Quebec and
is currently 100% owned by Major General. Cameco is the operator and
is working towards earning a 60% interest in the property over a
three year period. Cameco is currently in the second year of their
option. TEL: (604) 685-5254
Clive Massey TEL: 1-800-667-7866
Major General Resources Ltd. FAX: (604) 685-2814 Internet:
majorgeneral.com Email: info@majorgeneral.com
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