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Gold/Mining/Energy : Major General--MGJ -- Ignore unavailable to you. Want to Upgrade?

To: George J. Tromp who wrote (1603)	9/12/2000 8:41:04 AM
From: kidl	Read Replies (1) \| Respond to of 1707

Major General to start drilling in Voisey’s Bay Major General Resources Ltd MGJ Shares issued 41,826,328 Sep 11 close $0.17 Tue 12 Sept 2000 News Release Mr. William Coulter reports Major General has begun drilling up to three 600-metre diamond drill holes on its Sarah Lake claims, which form part of the South Voisey’s Bay nickel project. This is the first exploration since 1998 at South Voisey’s Bay, 90 kilometres south of Inco’s Voisey’s Bay nickel deposit. Additionally, Major General is conducting electromagnetic and gravity surveys at its 100-per-cent-owned Satellite property, west of Sarah Lake. Contingent upon the success of these surveys, an additional drill program will be launched. Major General’s Sarah Lake target is a large, strong gravity anomaly with a source interpreted to measure 600 metres by 1,200 metres and an inferred mass in excess of 300 million tonnes. This large source may be caused by semi-massive to massive nickel-copper-cobalt sulphides at the base of the thick olivine gabbro underlying much of the Sarah Lake property. Numerous nickel-copper sulphide zones including 15 metres of 1.1 per cent Ni and 0.8 per cent Cu plus 1.1 metres grading 10.5 per cent Ni and 9 per cent Cu have been intersected on adjoining ground within this olivine gabbro. The outline of the target suggests, if confirmed by drilling, it will extend eastward into 36 newly acquired claims which are owned 100 per cent by Major General. This target has not previously been tested by diamond drilling. Major General is operator and 40-per-cent shareholder of the Sarah Lake cliams. The remaining 60 per cent is owned by Donner Minerals Ltd. However, Donner has elected not to participate in the drilling program. By financing the program alone, Major General has the right to increase its interest in the joint venture. © Copyright 2000 Canjex Publishing Ltd. stockwatch.com