Majescor Resources Inc.

Majescor Resources Inc.

May 26, 2011 08:30 ET

Majescor and SOMINE Discover a New Copper-Gold Zone on the SOMINE Property, Haiti

MONTREAL, QUEBEC--(Marketwire - May 26, 2011) -


Majescor Resources Inc. ("Majescor" or the "Company") (TSX VENTURE:MJX), its 100%-owned affiliate company SIMACT Alliance Copper-Gold Inc. ("SACG") and their Haitian partner SOMINE SA are pleased to report that they have discovered a new copper – gold zone on the SOMINE copper – gold Property ("SOMINE Property"). The Somine property is located in the North-East mineral district of Haiti, in the same mineral belt as the Pueblo Viejo deposit in the Dominican Republic (23.7 million ounces Au, +Ag +Cu), and is 15 km southeast from a deep water port at Fort Liberté, Haiti. A paved road leads into the NW corner of the property, and an electricity grid is present within 5 km of the property to the northeast.

In early 2011, SOMINE SA geologists sampled and mapped the northern half of the principal NNE-trending ridge on the SOMINE Property that also hosts: the Blondin porphyry copper deposit (historical of 50 million tonnes @ 0.56% Cu*); the Douvray porphyry copper deposit (historical resource of 69.5 million tonnes @ 0.39% Cu*); and the Dos Rada copper-gold occurrence (see Figure 1 accompanying this press release available at

The new copper-gold zone, termed the Mathelière zone, has a 2.4 km strike length and is up to 800 m wide. Surface grab samples of malachite-bearing altered andesite, gossanous rock and quartz – iron oxide rock yielded 35 (of 83) samples with > 1% Cu (further assays pending), and 9 samples with 0.5 to 9.0 ppm Au. Majescor and partner SOMINE SA are encouraged by these results, as they are very similar to the assay values and geology at the Blondin and Douvray deposits along trend to the SSE; as well as to the 3.5 km-long by 800 m-wide Dos Rada mineralization further along trend to the south-southeast on the property (see figure 1).

Majescor and partner SOMINE SA are finalising the design of a core drilling program which aims to define and expand the mineralization at the Douvray and Blondin copper – gold prospects. In addition, a comprehensive mapping, sampling and induced polarization program has been designed for the Mathelière and Dos Rada areas, with the goal to bring these new copper – gold discoveries to the drill stage within six months. For these programs, Majescor and SOMINE SA have contracted Buscore Consulting Ltd. (see Majescor Press Release dated May 19, 2011) who are presently mobilizing to the SOMINE Property.

* The historical resources estimates mentioned in this press release are for historical purposes only and are not compliant with CIM definition standards for Mineral Resources and Mineral Reserves, as defined under National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101"). The historical resource estimates were prepared prior to the implementation of NI 43-101 and use terminology not compliant with current reporting standards. Majescor has not made any attempt to re-classify the estimates according to current NI 43-101 standards of disclosure or the CIM definitions and is not treating the estimate as current mineral resources or mineral reserves as defined in NI 43-101. Historical estimates should not be relied upon. For additional details, please refer to the SOMINE Property NI 43-101 technical report available at under Majescor Resources Inc.

About the SOMINE Property

The SOMINE Property consists of a Research Permit covering 50 km2, the mineral rights and obligations of which have been assigned under a Mining Convention executed with the State of Haiti on May 5, 2005 and valid until March 9, 2020. SACG has also carried-out systematic soil sampling and prospecting work over four Prospecting Permits encompassing four 100 km2 areas lying to the East, South and Southeast of the permit subject to the Mining Convention. SOMINE SA has requested the conversion of the Prospecting Permits into Research Permits (50 km2 each) and has filed all technical and source documents in support of its application with the BME.

About SIMACT Alliance Copper Gold Inc. and SOMINE SA

SIMACT Alliance Copper Gold Inc. ("SACG") is a 100%-held subsidiary of Majescor. SACG is the majority shareholder of SOMINE SA, a registered Haitian corporation holding 100% of the mineral rights to the SOMINE property. SOMINE SA has designated SACG as the Technical Operator of the SOMINE Property exploration programme.

About Majescor Resources Inc.

Majescor Resources Inc. is a junior explorer focusing on emerging mineral districts. In addition to the SOMINE property, Majescor's project portfolio includes the Mistassini uranium exploration projects in Quebec (100%-owned; under option to Strateco Resources Inc.) the Besakoa gold and base metal property in Madagascar (100%-owned; under option to Sunridge Gold Corp.).

This press release has been prepared by C. Tucker Barrie, Ph.D., P. Geo., Vice-President, Exploration for Majescor who is a qualified person under National Instrument 43-101.

To find out more about Majescor Resources Inc. (TSX VENTURE:MJX), SIMACT Alliance Copper Gold Inc., the SOMINE copper-gold Property as well as the Company's Mistassini uranium and Besakoa copper/gold properties, please visit our website at

Forward-Looking Statements

This News Release may contain or refer to "forward-looking statements" which reflect Management's expectations regarding the Company's future growth, results of operations, performance and business prospects and opportunities. These statements reflect Management's current beliefs at the time of this news release and are based on information currently available to Management. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives of Majescor Resources inc., are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Management's expectations are exploration risks detailed herein and from time to time in the filings made by the Company with securities regulators.

Figure 1 is available at the following address:

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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