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

To: Zardoz who wrote (355)	3/16/1998 5:25:00 PM
From: Ed Pakstas	Read Replies (1) \| Respond to of 1707

Despinassy drilling starts Major General Resources Ltd MGJ Shares issued 33,186,119 Mar 13 close $0.35 Mon 16 Mar 98 News Release Mr Bernard Kahlert reports Cameco Gold Inc, a subsidiary of Cameco Corporation, has notified Major General that drilling has started on the Despinassy gold property, 75km north of Val d'Or, Quebec. The property consists of 25 claims (2,430 acres) and covers mafic and felsic volcanic rocks that host Abitibi style gold mineralization. Cameco has planned a program consisting of seven diamond drill holes for a total of 1,200m. The program is designed to test targets that were outlined in the 30km IP survey completed by Cameco earlier this year. The property hosts an extensive gold-bearing deformation zone that was partially drill tested by both Soquem and Umex in the 1970s and 1980s. Most of the 14 shallow holes previously drilled intersected multiple gold veins grading over 1 g/t. The potential for higher grade mineralization is significant as evidenced by two drill intercepts that returned gold values of 1.65 g/t over 0.7m and 8.1 g/t over 1.5m. Logistics are excellent as the property is bounded by a highway to the south and the Chibougamau rail line 4km to the east. Cameco may earn a 60% interest in the Despinassy property by making exploration expenditures over three years. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com